REE REE Automotive Ltd

Mission Mobile Medical and REE Automotive Ltd. (Nasdaq: REE) have signed an agreement under which REE will provide vehicles to Mission Mobile Medical which will be used by the latter to make healthcare more accessible to people in historically underserved, rural areas in the United States. The collaboration combines REE’s software-defined vehicle technology with Mission Mobile Medical Group’s ground-breaking innovations in mobile health solutions which will come together to deliver high-quality, cost-efficient healthcare in difficult to access areas in the U.S. Under the terms of the agreement, Mission Mobile Medical has ordered and secured priority production capacity for REE’s software-defined P7 electric trucks, with the first Powered by REE P7 delivery planned for mid 2025. With REE P7 trucks, Mission Mobile aims to deploy the next generation of mobile healthcare units this year with enhanced efficiency, adaptability and sustainability for rural communities across America.

Mission Mobile, one of the world’s largest mobile health companies, has redefined healthcare delivery through innovative medical solutions for at-risk communities. Over the past 5 years, Mission Mobile has created over 200 mobile health programs in 42 states and Canada to help patients and provide on-demand healthcare where traditional treatment is restricted.

“Our clients are mission-driven to efficiently deliver healthcare to every corner of our country,” said Travis LeFever, CEO of Mission Mobile Medical. “How long you live shouldn’t depend on where you live, and this partnership marks a pivotal step toward extending the reach of the healthcare system. With nearly 20% of Americans in rural areas facing critical barriers to care, we’re not just innovating—we’re taking action. Our country is in crisis and these solutions are a pragmatic and financially sustainable way to solve the challenge of equitable access to healthcare.”

Mission Mobile Medical chose REE for the P7’s unique zonal architecture and fully flat chassis that will enable Mission Mobile to build fully-customized, medical facility on the rear of the trucks. In addition, REE’s x-by-wire system allows the medical units to receive over-the-air (OTA) updates when needed and provides industry-leading levels of fleet and telematics data. This combination of REE’s proprietary automotive technology and Mission Mobile Medical’s expertise in transportable wellness programs will result in the next generation of customizable health solutions, designed with enhanced efficiency, adaptability and sustainability deployed in rural communities across America.

REE’s P7-C is the first U.S. certified fully by-wire vehicle, designed around four identical REEcorners®, which integrate all critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module. Built with a technology-first mindset, the P7-C sets a new standard in safety and performance while offering flexibility to build cargo trucks, work trucks, medical vehicles and more.

“Collaborating with Mission Mobile Medical highlights the unique capabilities of REE’s software-defined technology,” said Tali Miller, Chief Business Officer of REE. “Our modular and customizable chassis enables purpose-built solutions to meet specific needs, and Mission Mobile Medical intends to utilize it to improve the lives of millions of people. In addition, our robust national dealer network with 80 points of service will allow these mobile health vehicles to be supported close to where medical services are being delivered. This collaboration demonstrates how zero-emission vehicles can provide essential services efficiently and at scale, creating positive impact for our communities.”

This approach represents a convergence of cutting-edge engineering and healthcare innovation, enabling the development of next-generation health programs that are not only environmentally friendly but also equipped to meet our Nation’s need for convenient Preventative and Primary care in a rapidly changing healthcare landscape.

To learn more about Mission Mobile Medical’s mission to save lives in rural communities, visit https://www.missionmobilemed.com/.

To learn more about REE’s patented technology enabling the company to break new ground in e-mobility, visit www.ree.auto.

About Mission Mobile Medical

Mission Mobile Medical is the world’s largest mobile health company. They are on a mission to expand access to high-quality medical care by providing mobile health programs as a service to health systems across the country and abroad. From preventative primary care and screenings to dental and specialty care, Mission Mobile Medical data analytics and proprietary Healthcare Savings mapping software empowers health systems and local governments to precisely deliver care to the right patients, at the right place, at the right time, driving savings for health payors in rural geographies, and saving lives. For more information, visit www.missionmobilemed.com.

About REE Automotive

REE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE® are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. As the first company to FMVSS certify a full by-wire vehicle in the U.S., REE’s proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Using four identical REEcorners® enables REE to make the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low total cost of ownership (TCO), and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.

Caution About Forward-Looking StatementsThis communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses the expected timing of the delivery of the REE EVs in the first half of 2025, the benefits of REE’s products and the potential benefits of its collaboration with Mission Mobile Medical. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim,” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would,” “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.

These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq’s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of interest rate changes, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.

Media Contact

Mission Mobile MedicalDana SummersPenman PR dana@penmanpr.com

REE AutomotiveMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d5df7cb-57c2-4c31-ba45-f307f71cb897