Arrival handpicked by the UK government to present to
- Arrival will be touted as one of the UK’s ‘Green Dozen’ companies excelling in sustainability, innovation and green technology.
- The summit will host some of the world’s foremost policymakers, investors, C-Suite executives and heads of major political institutions.
LONDON, UK, 06 Oct 2021 (GLOBE NEWSWIRE) – Arrival (NASDAQ: ARVL), pioneering a unique new method of designing and producing affordable electric vehicles (EVs) by local micro-factories, announces today to have been selected by the British government to present to business leaders at the Global Investment Summit in London.
Working to implement the Prime Minister’s ten-point plan for a green industrial revolution, the summit will be hosted by the Prime Minister and supported by members of the royal family, bringing together 200 of the world’s most prominent decision-makers, executives C-Suite, and investors in the UK.
The summit takes place on Tuesday October 19 in central London, followed by an evening reception at Windsor Castle, where Arrival will be billed as one of the “Green Dozen”: a group of twelve companies behind the latest cutting-edge innovations that can help cement the UK’s position as a leading global center for green technologies, while highlighting the positive global impact of Arrival technologies and the new vehicle manufacturing method electric.
During the event in central London, attendees will experience the game-changing zero-emission electric vehicles through digital experiences and hear from Arriving Chairman Avinash Rugoobur as part of a panel discussion – “From Startup to Unicorn: How the Right Business Environment Can Get There” – alongside CEOs of TransferWise, Graphcore, Darktrace, and moderated by Eileen Burbidge, Partner at Passion Capital.
Avinash Rugoobur, Chairman of Arrival said: “It is an honor to be chosen by the UK government to present Arrival at the Global Investment Summit. The rapid growth of Arrival clearly reflects the demand for more sustainable and equitable mobility solutions for cities and governments here in the UK and around the world.
“We are proud to present Arrival’s mission and our in-house innovations in such a prestigious setting, as we transform the automotive industry and pioneer a radical new method of designing and producing electric vehicles in micro-factories. local people around the world. “
Investment Minister Gerry Grimstone said: “The World Investment Summit will put British innovation on the map and show how we can use investment to foster technological developments and propel our economy forward. more prosperous and exciting.
“Our showcase companies show why the UK is a global hub for green technology, and I’m proud that Arrival is showcasing its innovative zero-emission electric vehicles through digital experiences to some of the world’s most prominent investors. at the summit.
“Our industries of the future like the automotive industry will not only help ensure a cleaner and greener planet, but also create high value-added jobs in Oxfordshire and across the UK.”
About the arrival
Arrival was founded in 2015 with a mission to make the air clean by replacing all vehicles with affordable electrical solutions – produced by local micro-factories. Six years and over 2,000 people later, we are driving the electric vehicle transition globally by creating zero-emission products that are more desirable, more sustainable and more equitable than ever before. Our in-house technologies enable our radical new method of design and production using rapidly scalable local micro-factories around the world. This method helps cities and governments meet their sustainability goals while supercharging their communities. We’re a technology company, a product company, a supply chain company, an automotive company, a mobility company, a fintech company, and a service company – all united in a common goal of true sustainability. This vertically integrated business model is how we can make the radical impact our world needs today. Arrival (NASDAQ: ARVL) is a Luxembourg joint-stock company.
This press release contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding the products offered by Arrival and the markets in which it operates and the expected future results of Arrival. These forward-looking statements are generally identified by the words “believe”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “the strategy”, “the future”, “The opportunity”, “the plan,” “may”, “should”, “will”, “would”, “will”, “will continue”, “will probably result” and similar expressions. Such statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of the information currently available. Forward-looking statements are predictions, projections and other statements regarding future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. There are many factors that could cause actual future events to differ materially from the forward-looking statements contained herein, including, but not limited to: (i) the impact of COVID-19 on Arrival activities; (ii) the risk of downturn and the possibility of rapid change in the highly competitive industry in which Arrival operates, (iii) the risk that Arrival and its current and future associates may not be able to develop and market successfully Arriving’s products or services, or the experience of significant delays in this process, (iv) the risk that Arriving will never achieve or maintain profitability; (v) the risk that Arrivée will encounter difficulties in managing its growth and expansion of its operations; (vi) the risk that third-party suppliers and manufacturers may not be able to fully and on time meet their obligations; (vii) the risk that the use of micro-factories will not provide the expected benefits due, among other things, to the inability to locate suitable buildings to be used as micro-factories, since micro-factories require a footprint of plant larger than expected and the inability of Arriver to deploy Micro-factories on schedule; (viii) the risk that vehicle orders placed, including the UPS order, may be canceled or amended; (ix) the risk of product liability or legal proceedings or regulatory proceedings relating to Arrival products and services; and (x) the risk that Arrival will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or not at all; and (xi) the risk that Arrival may not be able to secure or protect its intellectual property.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Incoming Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the ” SEC ”) on April 30, 2021 and other documents filed by Arrival with the SEC from time to time. Readers are cautioned not to place undue reliance on forward-looking statements, and unless required by applicable law, Arrival assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Arrival does not give any assurance that Arrival will meet its expectations.