Anaheim Public Transit Operator Partners With Arrival To
A $2 million Clean Vehicle Grant was successfully secured

Anaheim Public Transit Operator Partners With Arrival To A $2 million Clean Vehicle Grant was successfully secured

Anaheim Public Transit Operator Partners With Arrival To Secure $2 Million Clean Vehicle Grant

ANAHEIM (GLOBE NEWSWIRE via COMTEX), Jul 22, 2021
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The Federal Transportation Administration (FTA) awarded the Anaheim Transportation Network (ATN), a grant of two million dollars in partnership with Anaheim. ATN chose to work with Arrival to produce the grant vehicle. Grant funds will be used to replace Liquefied Natural Gas buses (LNG), with Arrival’s zero emission battery electric buses.

Arrival is a company that produces affordable and sustainable commercial vehicles at a significantly lower Total Cost Of Ownership (TCO). This accelerates global adoption of electric cars. Arrival uses a unique method to design and produce electric vehicles using microfactories in local areas. These Microfactories use the company’s own technologies including robotics, software and hardware. Arrival’s first Microfactory is in Rock Hill in South Carolina. This will produce the ATN buses. Arrival has currently two microfactories located in Rock Hill (South Carolina) and Charlotte, North Carolina. They plan to open more Microfactories across the US.

ATN has been active in seeking grants funding to help us reach our goal to become California’s first electric bus fleet. “This investment makes us even closer to our goal,” stated Diana Kotler (ATN Executive Director). We want to thank Lou Correa, Congressman for supporting his efforts to offer clean and sustainable public transport options to the community.

The FTA’s Low-or-No-Emission Bus Program Projects funds will be used to purchase five zero-emission, battery-powered 40-foot buses. This is a significant investment that provides environmental benefits for Orange County residents as well as visitors. This project includes programs for workforce development. ATN partners with community colleges in order to offer internships for eligible students to gain experience working in the new zero-emission transport industry.

Arrival Automotive CEO Mike Ableson said, “We are thrilled that ATN chose Arrival to help it transition to an electric bus fleet.” Arrival Bus is going to change public transport. It will make bus travels more enjoyable, cleaner, safer, and more equitable for passengers, drivers, and operators. We are excited to bring the Arrival Bus, made in the USA to people and cities across the USA. This is our first order from an American transit operator.

ATN’s public transport network is vital in connecting residents and visitors to many regional employment centers. ATN also connects riders to the Anaheim Regional Transportation Intermodal Center, (ARTIC), which is the county’s transit hub. It can then take them to Metrolink and Amtrak. ATN’s service can be accessed seven days per week. Tickets are also available through ATN’s RideART mobile application. Access to all routes in the ART network is possible with prepaid ART passes.

Information about Arrival

With its innovative approach to designing and assembling electric cars, Arrival (NASDAQ; ARVL) is a joint stock company. The production of top-of-the-line vehicles is possible through Microfactories that are low in capital and scalable and which use proprietary components, materials, and software. These microfactories can also be able to produce them at a significantly lower cost than fossil fuel versions and have a much lower total cost. These innovative solutions provide cities around the world with the tools they need to build sustainable and memorable urban environments. With more than 1,900 employees worldwide, Arrival, a global company, was founded in 2015. It has offices in London, UK, Luxembourg and Charlotte in North Carolina. It is currently establishing its four first Microfactories in North Carolina and South Carolina USA.

Anaheim Transportation Network (ATN).

Anaheim Resort Transportation is the ATN’s flagship program. It also offers free rides around the neighborhood (FRAN), and interchangeable bus and microtransit routes to over 70 locations in Anaheim County. ATN transports over 9.5 million people each year with a fleet that includes 81 buses, 10 microtransit cars and 10 busses. All of these vehicles are clean-fuel certified vehicles which can run on natural gas or electricity.

Forward-Looking Statements

This press release includes forward-looking statements that are within the scope of federal securities laws. These statements include statements about Arrival’s products and markets, Arrival’s ability produce electric commercial vehicles and Arrival’s expectations regarding Arrival’s ability to allow AD and ADAS in its Arrival Van and Bus, as well as expectations regarding Arrival’s mass adoption of EVs. Also, there are expectations regarding Ambarella’s collaboration and those regarding Arrival’s microfactories. Forward-looking statements are generally identified with the words: “believe”, “project”, “expect,””anticipate”, “estimate,”,”intend,”,”strategy,” future,” expectations regarding Arrival’s ability to produce electric commercial vehicles, arrivals of ADAS features in its Arrival Bus and Vans, as well as those about Arrival’s potential for mass adoption of EVs. Expectations concerning benefits from collaboration between Ambarella and Arrival. These statements are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 95 and are based upon management’s beliefs or interpretation of current information. Future-looking statements include projections, predictions and statements regarding future events. They are made based upon current beliefs and assumptions. There are many factors that could affect the future, such as: (i), the effect of COVID-19, (ii), the likelihood of Downturns in Arrival’s highly competitive business, (iii), the potential for rapid changes in Arrival’s industry, (v) Arrival experiencing difficulties managing its growth, expansion, and vi) Arrival not being able to deliver the promised benefits of Microfactories due to Arrival not finding the right buildings, Microfactories needing more space than expected, and Arrival’s; (xiv) Arrival not having to fund its business plan; and may need to ensure its intellectual property and/protect its investment. These factors are not all inclusive. The foregoing list of factors should not be considered in isolation. Forward-looking statements should not be relied upon. Arrival does not assume any obligation to revise or update forward-looking statements as a result, either due to new information or future events. It is impossible to predict whether Arrival will meet its expectations.

Media contact, Arrival

Rachael Charlton

TEL. Tel.

Email. Email: [email protected]

Media Contact, Anaheim Transportation Network

Melinda Andrade

TEL. Tel.

Email: [email protected]

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COMTEX_390245109/2010/2021-07-22T11:00:00

(C) Copyright 2021 GlobeNewswire, Inc.

Publiated at Thu 22 July 2021, 19:07:20 (+0000).

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