2022-04-07 | NDAQ:SOLO | Press Release


VANCOUVER, British Columbia, April 07, 2022 (Globe NEWSWIRE) — ElectraMeccanica Automobiles Corp. (NASDAQ: SOLO) (“ElectraMeccanica&CloseCurlyDoubleQuote or the “Organization”), a designer and company of electric autos revolutionizing the city driving knowledge, these days declared the appointment of William (Bill) Quigley III to its Board of Directors.

Mr. Quigley is an accomplished leader with a demonstrated keep track of report in massive enterprises certain to the automotive field. With 30 in addition yrs in the industry, Bill&CloseCurlyQuotes occupation has bundled the next vital roles: Executive Vice President and Main Money Officer at Dana Holding Corporation, an automotive, business automobile and off-highway driveline, sealing and thermal tier 1 supplier Government Vice President and Chief Financial Officer at Visteon Corporation, an automotive devices supplier and Vice President and Controller / Main Accounting Officer at Federal-Mogul Corporation, a developer, producer, and provider of a various array of OEM and aftermarket automotive items.

Most recently, Invoice served as Senior Vice President and Main Money Officer at Nexteer Automotive Group Limited, a $3.5 billion steering and driveline tier 1, automotive supplier, assuming the part in 2016. In addition, considering that 2015 he has served as a director and Audit Committee Chairman for Cadre Holdings Inc. (NYSE: CDRE), a international chief in the manufacture and distribution of safety and survivability machines for initially responders. Invoice graduated with a bachelor&CloseCurlyQuotes diploma in Accounting from Michigan State College and is a Licensed Community Accountant.

“Bill joins our Board of Directors with a prosperity of sector know-how and experience,&CloseCurlyDoubleQuote stated Kevin Pavlov, CEO of ElectraMeccanica. “As we continue on to try for excellence at ElectraMeccanica, we will advantage from his direct working experience and documented accomplishment in the progress and execution of strategic initiatives though offering sustainable enhancements. His understanding of doing work with production and a strategic supply foundation delivers excellent reward to the Business as we close to the completion of our Mesa Facility and go on to scale production.&CloseCurlyDoubleQuote

Mr. Quigley extra, “I am honored to be signing up for the Board at such an crucial point in the Firm&CloseCurlyQuotes evolution. I appear ahead to functioning with Kevin and the Board, leveraging my sector working experience as output scales and deliveries of the flagship SOLO EV are rolled out nationwide for many a lot more to enjoy the interesting and special driving encounter.&CloseCurlyDoubleQuote

About ElectraMeccanica Automobiles Corp.

ElectraMeccanica Automobiles Corp. (NASDAQ: SOLO) is a Canadian designer and company of environmentally successful electrical motor vehicles (EVs). The corporation&CloseCurlyQuotes flagship automobile is the innovative, purpose-constructed, solitary-seat EV called the SOLO. This three-wheeled motor vehicle will revolutionize the urban driving knowledge, including commuting, supply and shared mobility. Engineered for a one occupant, it delivers a exceptional driving knowledge for the environmentally acutely aware purchaser. Based on driving ailments, temperature and climate controls, the SOLO has a vary of up to 100 miles and a leading pace of up to 80 mph. The SOLO also options front and rear crumple zones, facet influence protection, roll bar, torque-restricting manage as perfectly as ability steering, power brakes, air conditioning and a Bluetooth amusement method.

It blends a contemporary glance with security attributes at an available value place of $18,500 (MSRP) for the customer design and $24,500 (MSRP) for the shipping and delivery-oriented SOLO Cargo model, which capabilities an expanded cargo box to accommodate a vast variety of fleet and business programs. The SOLO is at this time available for buy in this article. For additional information, remember to pay a visit to www.electrameccanica.com.

Investor Relations Make contact with

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Community Relations Contact

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R&CPMK

(310) 967-3418

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Protected Harbor Statement

Other than for the statements of historic actuality contained herein, the information and facts presented in this information release constitutes “forward-hunting statements&CloseCurlyDoubleQuote as these kinds of expression is made use of in relevant United States and Canadian securities laws. These statements relate to analyses and other facts that are based on forecasts of long run benefits, estimates of quantities not yet determinable and assumptions of administration. Any statements that express or involve discussions with regard to predictions, expectations, beliefs, strategies, projections, objectives, assumptions or future situations or general performance (typically, but not always, making use of text or phrases this sort of as “anticipates&CloseCurlyDoubleQuote, “estimates&CloseCurlyDoubleQuote, “projects&CloseCurlyDoubleQuote, “expects&CloseCurlyDoubleQuote, “contemplates&CloseCurlyDoubleQuote, “intends&CloseCurlyDoubleQuote, “believes&CloseCurlyDoubleQuote, “plans&CloseCurlyDoubleQuote, “may&CloseCurlyDoubleQuote, “will&CloseCurlyDoubleQuote, or their negatives or other equivalent text) are not statements of historical fact and ought to be considered as “forward-hunting statements&CloseCurlyDoubleQuote. These forward hunting statements involve regarded and unknown pitfalls, uncertainties and other components which may possibly induce the precise benefits, overall performance or achievements of the Firm to be materially diverse from any foreseeable future benefits, performance or achievements expressed or implied by such forward-wanting statements. This sort of threats and other aspects include things like, amongst some others, the charges of other electrical automobiles, expenditures linked with production cars, the availability of capital to fund enterprise ideas and the ensuing dilution prompted by the raising of funds by way of the sale of shares, adjustments in the electric auto market, changes in govt regulation, developments in alternate systems, inexperience in servicing electrical motor vehicles, labour disputes and other hazards of the electric powered motor vehicle sector such as, devoid of limitation, people affiliated with the delays in getting governmental approvals and/or certifications. Whilst the Company has tried to detect important components that could cause genuine steps, situations or success to differ materially from all those described in forward-seeking statements, there could be other things that result in steps, situations or success not to be as predicted, approximated or meant. There can be no assurance that this kind of statements will establish to be exact as genuine effects and long term occasions could differ materially from all those anticipated in this sort of statements. Appropriately, viewers need to not area undue reliance on forward-looking statements contained in this information launch and in any document referred to in this news release. Forward-searching statements are produced based on management&CloseCurlyQuotes beliefs, estimates and views on the day the statements are produced, and the Enterprise undertakes no obligation to update forward looking statements if these beliefs, estimates and thoughts or other situations should alter, apart from as required by applicable regulation. Such ahead-looking statements reflect our latest sights with respect to future events and are subject matter to certain dangers, uncertainties and assumptions, together with, the risks and uncertainties outlined in our most recent financial statements and studies and registration assertion filed with the United States Securities and Trade Fee (the “SEC&CloseCurlyDoubleQuote) (out there at www.sec.gov) and with Canadian securities administrators (readily available at www.sedar.com). Despite the fact that the Corporation thinks that the beliefs, designs, expectations and intentions contained in this information release are sensible, there can be no assurance those beliefs, strategies, anticipations or intentions will show to be precise. Traders must look at all of the details set forth herein and should also refer to the danger factors disclosed in the Enterprise&CloseCurlyQuotes periodic studies filed from time-to-time with the SEC. This information launch shall not represent an present to offer or the solicitation of an present to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which these kinds of offer, solicitation or sale would be illegal prior to registration or qualification beneath the securities rules of any this sort of jurisdiction.



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