“The team has made tremendous strides over the last year to design what we believe will be the most efficient equipment for our second location, and this initial order is a significant marker of our growth,” said
Elements of Gen2 have been designed to occupy half the footprint of Gen1 equivalents, while significantly increasing output. These improvements incorporate key learnings from the company’s operation of Gen1 over the last year. In addition, the company is including BrakeFlowTM, a breakthrough in advanced lithium-ion battery safety, into the manufacturing process on Gen2.
“Building on our experiences in Fab-1, we are incorporating our latest process and equipment innovations into Gen2, which we believe will enable our vision of producing our breakthrough batteries at scale,” added Rust.
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”, “expect”, “predict”, “could”, “potentially", “target”, “project”, “believe”, “continue” or the negative of these terms or similar expressions. Forward-looking statements in this press release include, but are not limited to, the speed, footprint size, and output of our next-generation manufacturing lines (“Gen2”), and the timeline for the announcement of our Fab-2 location, the ordering of additional Gen2 lines, and the integration of our BrakeFlow technology into the Gen2 lines. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the risks set forth under the caption “Risk Factors” in the Form 10-K that we filed with the
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