EUGENE, Ore., Aug. 23, 2022 (GLOBE NEWSWIRE) — Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced that Chris Dawson and Dan Creed have been named to the Board of Directors.
“We are pleased to announce and welcome Chris Dawson and Dan Creed to the Arcimoto Board of Directors,” said Jesse Fittipaldi, Arcimoto Interim CEO. “Mr. Dawson’s EV and engineering knowledge, and Mr. Creed’s extensive sales and marketing skills will help Arcimoto navigate toward scale production and profitability.”
Mr. Dawson currently serves as the Chief Executive Officer of Nikola Tesla Co, an engineering services company with projects that include electrification, EV charging, hydrogen powertrain development, hydrogen power systems, and fuel cell development. He is the Chief Technical Officer for both HNO international as well as Tesla Aerial Robotics, and also serves as Chief Engineer on various projects for the Department of Defense. From 2019-2021, Mr. Dawson served as Vice President of Manufacturing Engineering for Atlis Motor Vehicles. Prior to that, Mr. Dawson served as Senior Manufacturing Equipment Engineer and Maintenance Manager for Tesla, leading manufacturing sustaining engineering teams on the Model S/X line and the Model 3 line. He is a former U.S. Navy submarine nuclear chemist and helicopter flight Instructor. He holds an M.B.A. from the University of Denver and a Bachelor of Science in Nuclear Technologies and Helicopter Flight Instruction from Excelsior University.
“Arcimoto’s family of rightsized vehicles are unique in the automotive industry, combining a small footprint, an affordable price tag, and an exhilarating driving experience in one package,” said Mr. Dawson. “I’m thrilled to join the Board at this stage in the Company’s history as we refine our manufacturing processes and scale production to bring these incredible EVs to the world.”
Mr. Creed is the founder of Creed Partners Corp. and advises private equity ventures in retail automotive opportunities. From 2018 to 2019, Mr. Creed served as the Vice President of North American Sales Operations at Cadillac. From 2006 to 2016, he worked at BMW as the Vice President of the Eastern Region, Vice President of Marketing, Vice President of Aftersales, and Vice President of the Southern Region, helping to launch BMW’s “Born Electric” campaign and the acclaimed i3, BMW’s first electric vehicle. Mr. Creed holds a Bachelor of Social Science from University of Ottawa.
“When I think of Arcimoto, I see a unique opportunity in the history of the automotive industry as we shift to a sustainable transportation system,” said Mr. Creed. “Vehicles today are simply too big and too expensive, and as a Director, I’m thrilled to help Arcimoto tell the story of why rightsized vehicles are so important, not only today, but in the driverless future. As was my experience, all it takes is one ride in the FUV and you’ll understand.”
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About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com.
Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.
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