Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the start of vehicle production at its Tunica, Mississippi, assembly plant for the Mullen THREE, Class 3 EV truck with first customer deliveries on track to begin in August and September. According to the update, the company will be gradually ramping up the production rate over the course of September through December, with Class 3 production capacity at the Tunica facility currently planned for 3,000 Class 3 vehicles per year. To date, Mullen has received $79 million in purchase orders for 1,250 Mullen THREE, Class 3 EV trucks from Randy Marion Automotive Group and MGT Lease Company. “I am proud to announce that our Class 3 vehicle line is now in production mode at our Tunica facility,” said David Michery, CEO and chairman of Mullen Automotive. “Our team has been working seven days a week, day and night, getting this plant reconfigured and ready for Class 3 production.”
To view the full news release, visit https://ibn.fm/GNHqh
About Mullen Automotive Inc.
Mullen is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. For more information about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, announced that one of its K5 ASRs is now patrolling the parking lot of a mixed-use facility in Chicago. The deployment, the latest in a growing number of contracts for the company, is with a property management group. The parking lot provides parking for both retail and professional tenants.
According to the company, this is the second deployment in the Windy City and is located in an area where crime, trespassing, vehicle break-ins, and catalytic converter thefts are rising. Knightscope’s ASRs support and enhances security personnel and operations already in place, providing a safer environment for local residents, employees and visitors. The company has provided a four-step plan for increasing security around high-value properties such as this urban development parking lot and has reported measurable success.
In addition, Knightscope has released new API access specifications for its security robot user interface. The new release “help clients collaborate and more easily integrate Knightscope’s advanced technology solutions with existing incident management systems,” the company states in the press release. “In order for security teams to work efficiently, it’s critical that these tools integrate seamlessly within organizational workflows. End-user organizations will now be able to more easily utilize disparate and previously siloed solutions, enabling them to elevate their threat detection, response and investigative capabilities.”
To view the full press release, visit https://ibn.fm/YXyku
About Knightscope, Inc.
Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
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