ELMS and Thermo King Partner to Build All-Electric Refrigerated Delivery Vehicle Prototype
27 Julio 2021 - 6:00AM
To meet the growing demands for sustainable delivery solutions,
Electric Last Mile, Inc. (Nasdaq: ELMS) and Thermo King, a
strategic brand of Trane Technologies plc announced plans to build
a first-of-its-kind all-electric refrigerated delivery vehicle. As
part of the collaboration, Thermo King will integrate its E-200
all-electric refrigeration unit into the ELMS’ Urban Delivery
electric vehicle (EV). This vehicle will be a prototype of the
anticipated first Class 1 commercial EV available in the United
States.
“Together with Thermo King, a global leader in
temperature control technologies for transport, we have the
opportunity to expand the sustainability of the cold chain by
electrifying the last mile delivery of fresh food and other
perishable goods,” said ELMS Co-Founder and CEO, James Taylor. “Our
goal is to redefine all verticals of last mile delivery and the
Urban Delivery EV prototype brings us closer to that
transformation.”
ELMS and Thermo King expect to pilot the Urban
Delivery prototype with refrigerated transport customers, as well
as have it on display at the Home Delivery Expo, alongside their
partners at Delivery Concepts, Inc. The prototype will also be on
display at International Food Distributors Association’s annual
events.
“Electrification is the force behind Thermo
King’s strategy to deliver smart, sustainable temperature-control
solutions that will strengthen the cold chain and add value to our
customers’ operations,” said Chris Tanaka, vice president of
Product Management, Thermo King Americas. “Partnering with a
technology innovator such as ELMS advances our goal to meet the
rapidly growing demand for home delivery in a more efficient and
sustainable way.”
Thermo King introduced electrification to the
transport refrigeration industry more than two decades ago with
electric technologies in their marine, bus and truck product lines.
Today, the company offers several all-electric products, which is
paving the way to an all-electric portfolio of zero emission cold
chain solutions. Thermo King’s refrigerated and
temperature-controlled solutions help to support the safe delivery
of critical perishable goods, from fresh food to pharmaceuticals,
including Covid-19 vaccines.
About Electric Last Mile,
Inc.ELMS (Nasdaq: ELMS) is focused on redefining the last
mile with efficient, connected and customizable solutions. ELMS’
first vehicle, the Urban Delivery, is anticipated to be the first
class 1 electric vehicle in the U.S. market. The company is
headquartered in Troy, Michigan. For more information, please visit
www.electriclastmile.com or Twitter @ELMSolutions.
About Thermo King Thermo King –
by Trane Technologies (NYSE: TT), a global climate innovator – is a
worldwide leader in sustainable transport temperature control
solutions. Thermo King has been providing transport temperature
control solutions for a variety of applications, including
trailers, truck bodies, buses, air, shipboard containers, and
railway cars since 1938. For more information, visit
www.thermoking.com or www.tranetechnologies.com.
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The Company’s actual results may
differ from its expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company’s expectations with respect to future performance of the
business, the size, demands and growth potential of the markets for
the Company’s products and the Company’s ability to serve those
markets, the Company’s ability to develop innovative products and
compete with other companies engaged in the commercial delivery
vehicle industry and/or the electric vehicle industry, the
Company’s ability to attract and retain customers, the estimated go
to market timing and cost for the Company’s products, and the
implied valuation of the Company. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside the Company’s control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the inability to recognize the
anticipated benefits of the business combination with Forum Merger
III Corporation, which may be affected by, among other things,
competition and the ability of the Company to grow and manage
growth profitably and retain its key employees; (2) changes in
applicable laws or regulations; (3) the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors; (4) the impact of COVID-19 on the
Company’s business; (5) any delays the Company may experience in
realizing its projected timelines and cost and volume targets for
the production, launch and ramp up of production of the Company’s
vehicles and the modification of its manufacturing facility; (6)
the ability of the Company to obtain customers, obtain product
orders, and convert its non-binding pre-orders into binding orders
or sales; (7) the Company’s ability to implement its business plans
and strategies; and (8) other risks and uncertainties indicated
from time to time in the proxy statement filed by Forum relating to
the business combination, including those under the “Risk Factors”
section therein, and in Forum’s other filings and the Company’s
future filings with the Securities and Exchange Commission. Some of
these risks and uncertainties may in the future be amplified by the
COVID-19 outbreak and there may be additional risks that the
Company considers immaterial or which are unknown. The Company
cautions that the foregoing list of factors is not exclusive. The
Company cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
The Company does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in their
expectations or any change in events, conditions or circumstances
on which any such statement is based.
ContactsFor Electric Last Mile,
Inc.elms-svc@sardverb.com IR@electriclastmile.com
For Thermo King
CorporationStephanie.moncada@tranetechnologies.com
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