Glovis Chooses ELMS Urban Delivery for Operations, Plans Urban Utility Pilot
December 22 2021 - 7:00AM
Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) (“ELMS” or
“the Company”), a pioneer of electric and intelligent mobility
solutions for commercial vehicle customers, today announced an
order from Glovis America, Inc. (“Glovis”), a global supply chain
and logistics provider, for the ELMS Urban Delivery.
Glovis specializes in air, ocean and ground
freight logistics, and it plans to use ELMS commercial vehicles to
support its industrial operations. The Urban Delivery will be used
for materials movement and shuttling personnel on-campus.
Glovis operates at 18 ports across the U.S. and
manages ocean transportation for over 800,000 twenty-foot cargo
containers, three million cars, trucks, buses, locomotives, heavy
machines, and 90 million tons of bulk cargo.
Glovis will also evaluate various configurations
of the Urban Utility for operations like unloading cargo ships,
transporting personnel and transporting heavy materials at its
ports. The Urban Utility is a Class 3 medium duty commercial
electric vehicle that has a unique cab-over chassis design,
allowing it to be highly configurable. It can be outfitted with a
dry box, flat bed, stake bed and other customizable cargo options
depending on customer needs.
ELMS sees the municipal sector, which includes
ports, city public works, local governments, and national parks, as
a major vertical for the Urban Delivery and Urban Utility.
“Glovis’s large port and facilities presence in
the U.S. requires an efficient commercial fleet with zero
downtime,” said Ron Feldeisen, Chief Revenue Officer, ELMS. “ELMS
is ready to help Glovis streamline fleet operations with our
versatile, all-electric commercial vehicles and telematics
solutions as it moves its logistics and freight operations to an
electrified future.”
“It is extremely valuable to partner with ELMS
in zero emission industrial operations,” said Scott Cornell, Chief
Operations Officer, Glovis. “In addition to the supply of
purpose-ready vehicles, ELMS is profoundly engaged in the planning
to support Glovis facilities operations.”
About Electric Last Mile Solutions,
Inc.Electric Last Mile Solutions, Inc. (Nasdaq: ELMS;
ELMSW) is focused on defining a new era in which commercial
vehicles run clean as connected and customized solutions that make
our customers’ businesses more efficient and profitable. ELMS’
first vehicle, the Urban Delivery, is the first Class 1 commercial
electric vehicle in the U.S. market. The Company will begin
production of its second vehicle, the Class 3 Urban Utility EV, in
the second half of 2022. ELMS is headquartered in Troy, Michigan.
For more information, please visit www.electriclastmile.com.
About Glovis America,
Inc.Glovis America Inc., the largest provider of finished
vehicle logistics in the U.S., also delivers integrated services in
transportation, storage, consolidation, distribution, inbound and
outbound logistics, equipment leasing and packing services to
various industries. For more information, please visit
www.glovisusa.com.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995, as amended. All statements contained
in this press release that do not relate to matters of historical
fact should be considered forward-looking, including, without
limitation, statements regarding the Company’s commercial
relationship with Glovis and the expected benefits arising from the
relationship. These forward-looking statements generally are
identified by words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results and
you should not rely on these forward-looking statements. Most of
these factors are outside the Company’s control and are difficult
to predict. Factors that may cause such differences include, but
are not limited to: (1) the inability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition and the ability of the Company to
grow and manage growth profitably and retain its key employees; (2)
changes in applicable laws or regulations; (3) the possibility that
the Company may be adversely affected by other economic, business,
and/or competitive factors; (4) the impact of COVID-19 and the
resulting supply chain disruptions on the Company’s business; (5)
any delays the Company may experience in realizing its projected
timelines and cost and volume targets for the production, launch
and ramp up of production of the Company’s vehicles and the
modification of its manufacturing facility; (6) the ability of the
Company to obtain customers, obtain product orders, and convert its
non-binding pre-orders into binding orders or sales; (7) the
Company’s ability to implement its business plans and strategies;
and (8) other risks and uncertainties described in the “Risk
Factors” section of the Company’s Quarterly Report on Form 10-Q for
the quarter ended June 30, 2021 and in the Company’s other filings
with the Securities and Exchange Commission, including the
Company’s Quarterly Report on Form 10-Q for the quarter ended
September 30, 2021, which are accessible on the SEC’s website at
www.sec.gov and the Investor Relations page of our website at
ir.electriclastmile.com. Some of these risks and uncertainties may
in the future be amplified by the COVID-19 pandemic and other
factors outside of the Company’s control, and there may be
additional risks that the Company considers immaterial or which are
unknown. The Company does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based.
ContactsMedia:
elms-svc@sardverb.com Investor Relations:
IR@electriclastmile.com
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