BOLLINGER MOTORS AND WABASH ANNOUNCE JOINT DEVELOPMENT TO

0
119


DETROIT, Sept. 21, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Bollinger Motors, which not too long ago turned a majority owned firm of Mullen Automotive, Inc. (NASDAQ: MULN), proclaims right now it has teamed up with Wabash, a number one truck physique and trailer producer, to develop a stronger, lighter, refrigerated truck physique on electrical chassis.

Wabash has developed a light-weight composite know-how, EcoNex™ Technology, to be used in truck our bodies and trailers that can seamlessly combine with Bollinger’s Class 4 electrical chassis cab. Wabash’s EcoNex Technology is constructed from composite materials that’s extra sturdy, lighter, and extra thermally environment friendly than different industrial merchandise.

The corporations’ distinctive providing contains:

  • Weight financial savings because of Wabash’s light-weight EcoNex composite know-how
  • Electrification of buyer fleets using Bollinger’s all-electric chassis cab
  • Increased complete payload capability because of decrease total truck weight
  • Breakthrough enchancment in thermal effectivity in comparison with standard design
  • Overall price financial savings because of weight financial savings and thermal effectivity

“Wabash’s EcoNex composite technology reduces the amount of electricity needed to maintain cold temperatures,” stated Mark Ehrlich, VP new business growth at Wabash. “The all-electric truck we’re developing with Bollinger Motors will be highly efficient with more uptime and less charging compared to conventional construction.”

“I’m excited to help ‘green up’ the journey from farm to table,” stated Robert Bollinger, Founder & CEO of Bollinger Motors, who was impressed to begin the corporate whereas he owned a farm in upstate New York. “We’re confident Wabash’s expertise in commercial transportation, combined with Bollinger’s leadership in Class 4 electrification, will deliver a superior product for customers looking to reduce their carbon footprints.”

See also  Eaton to highlight sustainable commercial vehicle technologies at IAA Transportation show

On Wednesday, September seventh, 2022, Bollinger Motors turn into a majority owned EV truck firm of Mullen Automotive, Inc. (NASDAQ: MULN). This is Mullen’s first EV acquisition and propels the Company into the medium-duty truck lessons 3-6, together with the B1 and B2 sport utility vehicles. Learn extra in regards to the acquisition here. Bollinger Motors is led by founder and CEO, Robert Bollinger, out of their Oak Park, Michigan headquarters.

###

ABOUT BOLLINGER MOTORS

Founded in 2015 by Robert Bollinger, Bollinger Motors is a U.S.-based firm, headquartered in Oak Park, Michigan. Bollinger Motors will manufacture all-electric platforms and chassis cabs for industrial automobiles in Classes 4-6. www.BollingerMotors.com.

PRESS CONTACT BOLLINGER MOTORS
Valentine Oldham Principal, Valentine PR valentine@valentinepr.com 617 721 5392

ABOUT WABASH
Wabash is a world-class producer of superior engineered options and companies for transportation, logistics and distribution industries, with capabilities acknowledged for innovation, reliability and business experience.

PRESS CONTACT WABASH
Mark Ehrlich
VP New Business Development mark.ehrlich@onewabash.com

Forward-Looking Statements

Certain statements on this press launch that aren’t historic info are forward-looking statements inside the that means of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Words equivalent to “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and comparable expressions are supposed to determine such forward-looking statements. All forward-looking statements contain vital dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, lots of that are typically exterior the management of Bollinger Motors and are tough to foretell. Examples of such dangers and uncertainties embody however will not be restricted as to whether the all-electric truck being developed by Wabash for Bollinger Motors might be profitable or obtain the efficiencies and optimum charging contemplated. Additional examples of such dangers and uncertainties embody however will not be restricted to: (i) Bollinger Motors’ potential (or incapability) to acquire further financing in adequate quantities or on acceptable phrases when wanted; (ii) Bollinger Motors’ potential to keep up present, and safe further, contracts with producers, elements and different service suppliers referring to its business; (iii) Bollinger Motors’ potential to efficiently develop in present markets and enter new markets; (iv) Bollinger Motors’ potential to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the flexibility to draw and retain certified staff and key personnel; (vii) opposed results of elevated competitors on Bollinger Motors’ business; (viii) adjustments in authorities licensing and regulation which will adversely have an effect on Bollinger Motors’ business; (ix) the danger that adjustments in shopper habits may adversely have an effect on Bollinger Motors’ business; (x) Bollinger Motors’ potential to guard its mental property; and (xi) native, business and common business and financial circumstances. Additional components that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements may be present in the latest annual report on Form 10-Ok, quarterly stories on Form 10-Q, and present stories on Form 8-Ok filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially-owned subsidiary, with the Securities and Exchange Commission. Bollinger Motors anticipates that subsequent occasions and developments might trigger its plans, intentions, and expectations to alter. Bollinger Motors assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not on account of new info, future occasions, or in any other case, besides as expressly required by regulation. Forward-looking statements communicate solely as of the date they’re made and shouldn’t be relied upon as representing Bollinger Motors’ plans and expectations as of any subsequent date.

See also  America’s Car-Mart Reports Diluted Earnings per Share of

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here