BREA, Calif., Sept. 01, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical automobile (“EV”) producer, proclaims a signed partnership with Watergen Inc. to develop and equip Mullen’s portfolio of electrical automobiles with know-how that can produce recent ingesting water from the air for in-vehicle client and business purposes.
Watergen is a pioneering Israel-based firm and a worldwide chief within the atmospheric ingesting water units (AWG) market, constructing know-how and tools that create ingesting water from the air. The firm’s options are the simplest and economical manner to remedy the urgent problem of ingesting water shortage in any location, at any time, and to allow the elimination of carbon-intensive provide chains and environmentally dangerous plastic waste.
Watergen’s know-how of “air to clean drinking water” for automobiles can generate a recent provide of cold and warm ingesting water for automobile occupants. This know-how is envisioned for Mullen’s fleet of EV cargo vans and could be utilized in each business and leisure automobile settings. The air-to-water programs will present up to 5 liters of ingesting water each day, instantly from the air, whereas the automobile is transferring and can be utilized as a recent water supply for the automobile occupants.
The settlement between the businesses has been solid over latest months, with Mullen serving as considered one of Watergen’s design companions for in-vehicle air-to-water know-how, with the purpose of Mullen initiating automobile testing of the brand new service within the first quarter of 2023.
Steve Elbaz, VP Mobility, Watergen, commented, “The cooperation with Mullen takes us another step towards a cleaner environment and a unique and uncompromising vehicle experience. We are working and will continue to work for a clean future – not just for us but for every person in this world.”
“Our partnership with Watergen has been months in the making and is a very exciting opportunity for both our companies,” mentioned David Michery, CEO and chairman of Mullen Automotive. “Mullen will be the first automotive company to co-develop this technology with Watergen for our entire portfolio of electric vehicles. The opportunities for air-to-water vehicle applications are endless, and Mullen is proud to partner with Watergen on this game-changing technology.”
Mullen’s EV growth portfolio consists of the Mullen FIVE EV Crossover, the Mullen ONE EV Fleet Vans and the DragonFLY Sports Car. Mullen just lately introduced the “Strikingly Different” U.S. check drive tour and can supply “Front Row” FIVE reservation holders the primary probability to check drive and expertise the Mullen FIVE in particular person. Mullen asks people who haven’t already finished so to e-book their FIVE reservations here so as to safe a spot on the upcoming nationwide tour. Further particulars and upcoming progress shall be shared on Mullen’s social media platforms and with people who choose to keep related here.
About Mullen
Mullen is a Southern California-based automotive firm that owns and companions with a number of synergistic companies working towards the unified purpose of making clear and scalable vitality options. Mullen has advanced over the previous decade in sync with customers and know-how traits. Today, the Company is working diligently to present thrilling EV choices constructed solely within the United States and made to match completely into the American client’s life. Mullen strives to make EVs extra accessible than ever by constructing an end-to-end ecosystem that takes care of all elements of EV possession.
About Watergen
Watergen Inc. is an modern Israeli firm (included in Israel in 2009) that has developed a novel, cutting-edge, patented know-how by way of which clear ingesting water is generated from the air we breathe utilizing cost-effective vitality consumption. Watergen’s impression is creating each an extra clear ingesting water supply and carrying out it in essentially the most economically environment friendly method, making its distinctive know-how out there to all. Watergen’s revolutionary know-how has offered a much-needed problem to save human lives by enhancing the standard of life for billions of individuals world wide that suffer from contaminated water sources and the shortage of or scarcity of a steady provide of unpolluted ingesting water. Generating the water instantly from the air allows Watergen’s options to be fully impartial and autonomous, requiring no infrastructure in any way however electrical energy, making it actually a plug-and-drink resolution aimed for everybody.
Forward-Looking Statements
Certain statements on this press launch which aren’t historic info are forward-looking statements inside the which 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 comparable to “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and comparable expressions are meant to determine such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that might trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements, lots of that are usually exterior the management of Mullen and are troublesome to predict. Examples of such dangers and uncertainties embrace however aren’t restricted to whether or not the Company will obtain its targets for ending its engineering growth inside anticipated timelines; and whether or not the Company’s collaborations with Watergen shall be profitable or yield anticipated outcomes. Additional examples of such dangers and uncertainties embrace however aren’t restricted to: (i) Mullen’s potential (or lack of ability) to get hold of extra financing in ample quantities or on acceptable phrases when wanted; (ii) Mullen’s potential to preserve present, and safe extra, contracts with producers, elements and different service suppliers relating to its business; (iii) Mullen’s potential to efficiently develop in present markets and enter new markets; (iv) Mullen’s 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 entice and retain certified workers and key personnel; (vii) hostile results of elevated competitors on Mullen’s business; (viii) adjustments in authorities licensing and regulation that will adversely have an effect on Mullen’s business; (ix) the danger that adjustments in client habits may adversely have an effect on Mullen’s business; (x) Mullen’s potential to defend its mental property; and (xi) native, business and common business and financial situations. Additional elements that might trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements could be present in the latest annual report on Form 10-Ok, quarterly experiences on Form 10-Q and present experiences on Form 8-Ok filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent occasions and developments might trigger its plans, intentions and expectations to change. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as expressly required by regulation. Forward-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
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