CORRECTING & REPLACING Plus’s Autonomous Trucks to Transport Equipment for Good Machine’s Anti-Climate Change & Sustainab...
22 Junho 2021 - 7:19PM
Business Wire
Reissuing release dated June 16, 2021, to add ticker symbol for
searching purposes.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210616005240/en/
Plus’s fuel-efficient autonomous truck
powered by PlusDrive (Photo: Business Wire)
The release reads:
PLUS’S AUTONOMOUS TRUCKS TO TRANSPORT
EQUIPMENT FOR GOOD MACHINE’S ANTI-CLIMATE CHANGE AND SUSTAINABILITY
FOCUSED PROJECTS
Plus (formerly Plus.ai), a global provider of self-driving truck
technology, announced today that they are partnering with Schmidt
Futures-supported Good Machine venture studio on a pilot program to
extend the sustainability impact that each company is working
towards. Through this pilot, Plus’s automated trucks will help move
equipment used for Good Machine’s sustainability efforts to address
wildfires, food insecurity, illicit wildlife poaching, and illegal
fishing. The partnership kicks off immediately with Plus’s
autonomous truck hauling equipment from Winnemucca, Nevada to South
San Francisco, California to be used for a wildfire detection
project in California. Additional hauls will take place over the
next year of the pilot program.
A key benefit of using Plus’s autonomous driving technology to
haul goods on a semi-truck is the reduction of fuel consumption by
10% compared to the most efficient driver, which results in an
equal decrease in carbon emissions. While Plus’s technology is
poised to have a dramatic impact on the $4 trillion global truck
freight market, each truckload is an opportunity to reduce the
burden of trucking on the environment.
“Sustainability is part of the core mission for both Plus and
Good Machine. By joining forces, we are creating a win-win-win for
our companies and the environment. Plus is delighted to serve as an
enabler of Good Machine’s inspiring sustainability efforts by using
our fuel-efficient autonomous trucks to transport the equipment and
supplies needed to launch these projects,” said Shawn Kerrigan, COO
and Co-founder at Plus.
David Solomon, CEO of Good Machine, said: “At Good Machine, we
believe that solutions to the worldʼs most pressing problems need
to be inventive, sustainable, and scalable. We are excited to
collaborate with a mission-aligned partner in Plus that is
commercializing a sustainable commercial transportation solution
which reduces the carbon footprint of our shipping needs.”
Good Machine has a broad portfolio of projects addressing
globally devastating issues caused by climate change and marine
pollution. It includes ReefGen, an underwater, dexterous, planting
robot that is reviving marine ecosystems and coral tourism around
the world. Fresure is a shipping container outfitted with solar
panel energy to keep perishable foods cold during handling and
storage, which reduces post-harvest losses and increases the
available food supply to address food insecurity. The wildfire
detection project aims to use stratospheric balloon technology to
detect fires early and report them to relevant authorities to help
reduce catastrophic damage. Good Machine and its portfolio
companies work with a number of partners, including Johns Hopkins
University, Minderoo Foundation, National Science Foundation, the
Nature Conservancy, Schmidt Futures, Wildlife Conservation Society,
WorldFish, and others.
About Plus
Plus is an autonomous driving technology company headquartered
in Silicon Valley and founded in 2016 by serial entrepreneurs and
industry veterans who have extensive experience in automotive
technology and artificial intelligence. Plus is enabling trucks
with its mass-production ready, low-cost, and high-performance
full-stack Level 4 autonomous driving technology to make long-haul
trucking safer, more efficient, and more sustainable. Mass
production and global deployment of its supervised autonomous
driving system, which reduces fuel consumption by an estimated
10-20% compared to a traditional truck, is planned to start in
2021. The Company is also collaborating with leading truck
manufacturers, fleets, and ecosystem partners to drive the
development of decarbonization transportation solutions including
autonomous trucks powered by natural gas. For more information,
please visit www.plus.ai or follow us on LinkedIn or YouTube.
On May 10, 2021, Plus and Hennessy Capital Investment Corp. V
(NASDAQ: HCIC) (“HCIC V” or “Hennessy Capital”) entered into a
definitive business combination agreement. Upon closing of the
proposed business combination, Plus will be a publicly traded
company and its common stock is expected to trade on the NYSE under
the ticker symbol “PLAV”. The proposed business combination has
been unanimously approved by the Boards of Directors of both Plus
and HCIC V and is expected to close in the third quarter of 2021,
subject to the satisfaction of the necessary regulatory approvals
and customary closing conditions, including the approval of HCIC
V’s shareholders.
About Good Machine
Good Machine is a venture studio that identifies social and
environmental market opportunities; rapidly develops, prototypes,
and field-tests product-based solutions; and incubates, supports
financing of, and spins out impact-oriented for-profit companies.
As a venture studio, it creates multiple companies annually to
address a wide range of socio-ecological problems leveraging a core
team of deeply experienced and creative leaders while recruiting
diverse and extraordinary talent to lead and grow the companies
into maturity.
Please visit www.goodmachine.studio or follow us on
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20210616005240/en/
Media Contacts
Plus Lauren Kwan pr@plus.ai
Good Machine Jennie Legary jennie@goodmachine.studio
Hennessy Capital Investm... (NASDAQ:HCIC)
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