ElectraMeccanica Appoints Global Automotive Executive, Michael Richardson to Board of Directors
23 Novembro 2021 - 10:31AM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica"
or the "Company"), a designer and manufacturer of electric
vehicles, today announced the appointment of Michael Richardson, a
global automotive industry veteran, to its Board of Directors,
effective immediately.
Michael Richardson is an accomplished automotive
executive with nearly 50 years of global experience, guiding
business strategy and building customer solutions. Most recently he
served as Interim CEO of Dura Automotive where he was tasked with
delivering multiple strategic, urgent initiatives during the global
pandemic. He currently serves as an Independent Director on the
Board of Directors for both Dura and Shape Corporation.
Mr. Richardson’s career spanned key roles at
General Motors, Delphi Corporation and Nexteer Automotive, serving
in multiple positions within the multi-billion-dollar global
steering and driveline businesses, with focus on the development of
electric steering systems, steering columns, driveline systems as
well as advanced driver assistance systems (ADAS) and key
technologies enabling reliable vehicle autonomy. He began in 1974
as a co-operative student at the former Saginaw steering gear
division of General Motors and was ultimately appointed Executive
Board Director and President of Nexteer, where he was responsible
for building its global product portfolio, expanding customers
served and delivering industry leading growth.
Richardson graduated with a Bachelor’s degree in Mechanical
Engineering from Kettering University and holds a Master’s degree
in Business Administration.
“We are privileged to welcome Michael to the
Board as an Independent Director, as he brings valuable automotive
industry experience and insights in management, brand building and
growth strategy,” said Kevin Pavlov, CEO of ElectraMeccanica.
“Michael joins us at an opportune time with his firsthand knowledge
of advancing capabilities in vehicle electrification and product
development, as well as leading global brands through strategic
growth initiatives. In addition, his knowledge of corporate
strategy, M&A and strategic alliances will support our
worldwide expansion strategies. We believe that Michael will help
us increase the breadth and depth of our reach as a Company,
positioning us to continue to create long-term value for our
shareholders.”
Richardson added: “ElectraMeccanica has reached
a key inflection point in its evolution, and I am honored to offer
my insight as the Company turns its focus from product development
to scaling production to meet demand for its SOLO
EV. I look forward to working alongside Kevin and the rest of the
board to build its vision of providing exciting, unique driving
experiences that are both affordable and environmentally
friendly.”
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO)
is a Canadian designer and manufacturer of environmentally
efficient electric vehicles (EVs). The company’s flagship vehicle
is the innovative, purpose-built, single-seat EV called the SOLO.
This three-wheeled vehicle will revolutionize the urban driving
experience, including commuting, delivery and shared mobility.
Engineered for a single occupant, it offers a unique driving
experience for the environmentally conscious consumer. The SOLO has
a range of 100 miles and a top speed of 80 mph, making it safe for
highways. The SOLO also features front and rear crumple zones, side
impact protection, roll bar, torque-limiting control as well as
power steering, power brakes, air conditioning and a Bluetooth
entertainment system. It blends a modern look with safety features
at an accessible price point of $18,500. The SOLO is currently
available for pre-orders here. InterMeccanica, a subsidiary of
ElectraMeccanica, has successfully been building high-end specialty
cars for 61 years. For more information, please visit
www.electrameccanica.com.
Safe Harbor Statements
Except for the statements of historical fact
contained herein, the information presented in this news release
constitutes “forward-looking statements” as such term is used in
applicable United States and Canadian securities laws. These
statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as “anticipates”, “estimates”, “projects”,
“expects”, “contemplates”, “intends”, “believes”, “plans”, “may”,
“will”, or their negatives or other comparable words) are not
statements of historical fact and should be viewed as
“forward-looking statements”. Such forward looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include,
among others, the prices of other electric vehicles, costs
associated with manufacturing vehicles, the availability of capital
to fund business plans and the resulting dilution caused by the
raising of capital through the sale of shares, changes in the
electric vehicle market, changes in government regulation,
developments in alternative technologies, inexperience in servicing
electric vehicles, labour disputes and other risks of the electric
vehicle industry including, without limitation, those associated
with the delays in obtaining governmental approvals and/or
certifications. Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements contained in this news release and in any document
referred to in this news release. Forward-looking statements are
made based on management’s beliefs, estimates and opinions on the
date the statements are made, and the Company undertakes no
obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change, except
as required by applicable law. Such forward-looking statements
reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions, including,
the risks and uncertainties outlined in our most recent financial
statements and reports and registration statement filed with the
United States Securities and Exchange Commission (the “SEC”)
(available at www.sec.gov) and with Canadian securities
administrators (available at www.sedar.com). Although the Company
believes that the beliefs, plans, expectations and intentions
contained in this news release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk
factors disclosed in the Company’s periodic reports filed from
time-to-time with the SEC. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy securities
of the Company nor shall there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Investor Relations Contact
MZ Group(203) 741-8811SOLO@mzgroup.us
Public Relations Contact
Amy PandyaR&CPMK(310)
967-3418amy.pandya@rogersandcowanpmk.com
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