Romeo Power Appoints New Senior Vice President of Product Engineering

Rhea-AI Summary

Romeo Power, Inc. (NYSE: RMO) has appointed Leon Kaunitz as the new Senior Vice President of Product Engineering. Kaunitz will oversee mechanical design, thermal validation, and engineering processes, contributing to the development of advanced electrification products for commercial vehicles. His extensive experience in electric vehicle (EV) applications and successful production implementations will enhance Romeo Power's capabilities. This leadership change aims to strengthen the company’s commitment to emission-free transportation, addressing customer needs for safety and efficiency.

Positive

• Appointment of experienced Leon Kaunitz as Senior VP of Product Engineering enhances leadership.
• Kaunitz's background in EV applications and product development may lead to stronger product offerings.
• Emphasis on advancing electrification solutions aligns with industry trends towards sustainability.

Negative

• Potential concerns about continuity in leadership dynamics with the management change.

LOS ANGELES--(BUSINESS WIRE)-- Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of Leon Kaunitz as senior vice president of product engineering.

Kaunitz will play a critical leadership role in the Company’s efforts to deliver advanced electrification products with full integration on commercial vehicles and other complex applications. His primary areas of responsibility will include management of mechanical design, thermal and stress validation, engineering processes across all product development efforts including research and development of thermal systems, and the management of Romeo Power’s electromechanical and structural design teams.

“We are thrilled that Leon has joined our team as the new senior vice president of product engineering,” said Romeo Power’s Chief Technology Officer AK Srouji, Ph.D. “He has been instrumental in leading new product design, engineering and manufacturing of numerous EV products from concept to completion, including successful production implementation and customer satisfaction. He brings an added breadth and depth of experience to Romeo Power, and he will be an asset to our entire organization, helping us achieve our commitment to move people and cargo emission free.”

Kaunitz, who is a mechanical engineer with a Master of Science degree in Road Vehicles and Advanced Technology, is highly experienced in EV applications for automotive and commercial vehicles, including advanced battery system concepts, innovation and efficiency. He brings a broad range of expertise in vehicle electrification to Romeo Power, including new product engineering and manufacturing, business development, research and development and customer satisfaction. Additionally, Kaunitz will supplement Romeo Power’s existing capabilities through his extensive experience supporting commercial vehicle design, integration of battery systems, e-Powertrain, Autonomous drive, and implementation of advanced and efficient EV technologies. He has developed and successfully implemented several new vehicles into production across U.S., Europe and Asia. Kaunitz has received numerous U.S. patents and is the author of several technical publications.

“Romeo Power offered me a unique opportunity to be part of the commercial and industrial transportation industry transformation,” said Kaunitz. “I look forward to supporting Romeo’s customers focused on environmental responsibility, safety, and reducing operating costs. I am excited to contribute to the organization as Romeo Power continues leading the transition to advanced electrification and a clean energy future across a variety of markets.”

About Romeo Power

Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, please follow the Company on social media @romeopowerinc or visit romeopower.com.

Forward Looking Statements

Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220516005961/en/

Romeo Power Inc.

For Investors:

Joe Caminiti or Ashley Gruenberg

Alpha IR Group

RMO@alpha-ir.com

312-445-2870

Source: Romeo Power Inc.

FAQ

Who has been appointed as the Senior Vice President of Product Engineering for RMO?

Leon Kaunitz has been appointed as the Senior Vice President of Product Engineering for Romeo Power (NYSE: RMO).

What experience does Leon Kaunitz bring to Romeo Power?

Leon Kaunitz brings significant experience in electric vehicle applications, product engineering, and successful manufacturing implementation.

What are Leon Kaunitz's responsibilities at Romeo Power?

Kaunitz will manage mechanical design, thermal validation, and oversee engineering processes for electrification products.

How might Leon Kaunitz's appointment impact RMO's product development?

His extensive experience in EV technology may enhance Romeo Power's product development and market positioning in electrification.