EUGENE, Ore., March 09, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced a partnership with the University of Central Florida Future City Initiative to study new models of sustainable transportation and their place in the smart cities of the future. The company has provided UCF with an electric vehicle that could aid engineers in their work to find new transportation solutions for cities and urban environments.
“We’re thrilled to work with the University of Central Florida, one of the leading transportation research universities in the world,” said Mark Frohnmayer, Arcimoto Founder and CEO. “The Future Cities Initiative is particularly exciting as it combines advanced technologies and new civil engineering practices to create smart cities that are safer, more efficient, and a joy to live and work in. We believe their efforts will demonstrate the importance of pure-electric rightsized vehicles and their place in the cityscapes of the future.”
The Future City initiative is led by Dr. Mohamed Abdel-Aty, Chair of Civil, Environmental, and Construction Engineering Department at UCF, and draws on the strengths of several disciplines including applications of advanced computing and technologies in infrastructures, transportation, environment, and water resources. Dr. Samiul Hasan, Assistant Professor, College of Engineering and Computer Science, and Dr. Mohamed Zaki Hussein, Assistant Professor of Transportation Engineering in the Civil, Environmental and Construction Engineering department will be assessing the Arcimoto electric vehicle for a potential research study.
“Our goal is to help design transportation systems that will embrace emerging transportation modes in future cities,” said Dr. Hasan. “With the Arcimoto, researchers from UCF’s Future City Initiative will explore the potential for research on interactions among pedestrians and different types of vehicles, to include the behavior and attentiveness of the vehicle drivers under different traffic conditions in shared facilities.”
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About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Arcimoto vehicles are currently available for reservation in California, Oregon, Washington, Nevada, Arizona, and Florida, and for preorder worldwide. Our flagship vehicle, the Arcimoto FUV®, is purpose-built for everyday driving and transforms ordinary trips into pure-electric joyrides. Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. The Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Expected to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, rightsized utility pickup truck. The upcoming Cameo™ is designed to create a smooth, silent, sustainable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. 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.
Public Relations Contact:
Megan Kathman
(651) 785-3212
pr@arcimoto.com
Investor Relations Contact:
investor@arcimoto.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15f22257-af84-4701-91ed-76821caf2eb2
