Xos Unveils Advanced Driver Assistance System (ADAS) Features

Rhea-AI Summary

Xos, a technology company specializing in battery-electric commercial vehicles, announced the implementation of Advanced Driver Assistance System (ADAS) features into all its stepvans as standard. The suite includes Lane Keep Alert, Forward Collision Warning, Pedestrian Warning, Speed Limit Indicator, Distance Warning, and a Rear Camera. According to Vice President Saleh Heydari, these enhancements aim to boost driver safety and confidence. Xos provides electric vehicles designed for commercial use, focusing on cost efficiency and ease of maintenance.

Positive

• Introduction of a comprehensive suite of ADAS features enhances vehicle safety.
• Standardization of ADAS on all stepvans can improve market competitiveness.
• The focus on driver safety may lead to better customer satisfaction and retention.

Negative

• Implementation might incur increased production costs.
• Dependence on supply chains for ADAS components could pose risks.

LOS ANGELES, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading technology company that provides fleet services, software solutions, and manufactures Class 5 through Class 8 battery-electric commercial vehicles, today unveiled a suite of Advanced Driver Assistance System (ADAS) features that will be implemented into all Xos stepvans moving forward as a standard feature. They include:

• Lane Keep Alert: Displays the vehicle’s position within road lines to help prevent the driver from allowing the vehicle to drift out of its current lane. The truck on the display is depicted within green lines when the vehicle is within lane lines. If a lane line turns amber, the vehicle may be drifting out of the lane.
• Forward Collision Warning: Helps the driver react to a potential collision. If the system suspects that a collision is imminent, a red graphic will appear and an audible alert will sound.
• Pedestrian Warning: Alerts the driver to potential pedestrians or bicyclists in front of the vehicle. If an object crosses in front of the vehicle at a low speed, the system would alert the driver with a visual and audible warning in order to prevent a collision.
• Speed Limit Indicator and Warning: Assists the driver in maintaining the legally posted speed limit while operating the vehicle. The cluster will also display the posted speed limit during normal operation, and if the vehicle exceeds the posted speed limit, the odometer on the cluster will turn yellow or red.
• Distance Warning: Alerts the driver when he or she is following the vehicle ahead too closely.
• Rear Camera: Although not part of the advanced driver assist system, the Rear Camera is a useful tool that comes standard on all Xos stepvans. The camera helps assist the driver in reversing the vehicle safely, providing images from the top edge of the back end of the truck.

“We are very proud to introduce the ADAS features as a new vehicle-standard on Xos vehicles,” said Saleh Heydari, Vice President of Software Engineering at Xos. “The safety of our drivers, pedestrians, and others on the road is of utmost importance to us at Xos. These new features will offer enhanced driver confidence and a more positive driver experience overall.”

About Xos, Inc.
Xos is a leading technology company, fleet services provider, and original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes of up to 270 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, please visit www.xostrucks.com.

Xos Contacts
Xos Investor Relations
investors@xostrucks.com

Xos Media Relations
press@xostrucks.com

Cautionary Statement Regarding Forward-Looking Statements
This press release may include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding Xos, Inc.’s (“Xos”) expected product deliveries. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Xos’ ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities, (ii) cost increases and supply chain shortages in the components needed for the production of Xos’ vehicle chassis and battery system, (iii) changes in the industries in which Xos operates, (iv) changes in laws and regulations affecting Xos’ business, (v) Xos’ ability to retain key personnel and hire additional personnel, (vi) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry and (vii) the outcome of any legal proceedings that may be instituted against Xos. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading “Risk Factors” included in Xos’ Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2022 and Xos’ other filings with the SEC copies of which may be obtained by visiting Xos’ Investors Relations website at https://investors.xostrucks.com/ or the SEC's website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the 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 Xos assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Xos does not give any assurance that it will achieve its expectations.

FAQ

What new features has Xos introduced for its vehicles?

Xos has introduced a suite of Advanced Driver Assistance System (ADAS) features, including Lane Keep Alert and Forward Collision Warning.

How will the ADAS features affect Xos stepvans' performance?

The ADAS features are designed to enhance safety and improve driver confidence, potentially leading to a better overall driving experience.

When will Xos implement these new safety features?

All new Xos stepvans will come with these ADAS features moving forward.

What is the significance of ADAS for Xos vehicles?

ADAS enhances the safety of Xos vehicles, which can improve marketability and customer trust.

Is Xos focusing on technology in its vehicles?

Yes, Xos is integrating advanced technology solutions like ADAS to boost the safety and efficiency of its electric commercial vehicles.