- RRDS Awarded $2.7 Billion Federal Fleet Motor vehicles IDIQ Agreement by the General Providers Administration (GSA) (IDIQ Agreement # 47QMCA22D000T)
- RRDS views Mullen’s Business Class 1 EV cargo van a strategic match for federal government company
BREA, Calif., March 06, 2023 (Globe NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical vehicle (“EV”) company, announces these days teaming up with Swift Response Defense Methods (“RRDS”) to quick-track U.S. Federal Government prospects for potential significant-scale automobile fleet orders.
Mullen Class 1 EV Cargo Vans:
RRDS sights Mullen’s EV Course 1 a strategic fit for federal U.S. govt small business
RRDS, one of the country’s top tiny company federal contractors, has executed around 2,500 federal governing administration shipping and delivery orders considering that 2014. The firm at present holds a key seat on 12 Indefinite Shipping and delivery/Indefinite Amount (IDIQ) federal contracts with combined funding ceilings of $4 billion. In 2021, U.S. Secretary of Labor Martin J. Walsh recognized RRDS as a recipient of the 2021 Seek the services of Vets Medallion Award in the course of an award ceremony at the U.S. Division of Labor.
“RRDS is all about giving solutions to the federal federal government,” explained Mullen’s Manager of Federal government Gross sales Ronald Dixon. “Whether its creating solutions to satisfy Office of Defense mission prerequisites or maximizing offer chain logistics, they have a outstanding achievements document. In addition, RRDS will be a critical auto supplier to the Common Services Administration in an awarded 5-year multibillion-dollar auto agreement. We are focused on offering our EV products to the federal federal government and see this romance as a strategic move in accomplishing that aim.”
“With the federal government’s robust desire in electrifying a rising portion of its auto fleet, Mullen’s business portfolio is really properly positioned,” stated RRDS SVP – Federal Fred Bouman. “Mullen’s Class 1 EV cargo van launches this year and will be the only class 1 EV van in the current market. It is 100% electrified, producing it a sturdy in good shape for federal governing administration enterprise.”
“Mullen Automotive is happy to workforce up with RRDS for U.S. governing administration fleet prospects for our Class 1 EV cargo vans,” stated Mullen’s CEO and Chairman David Michery. “We look ahead to operating carefully with RRDS in meeting the need for EVs throughout the U.S. government’s fleet of motor vehicles.”
About RRDS
RRDS is a outcomes-pushed, comprehensive-service, sole-source alternative for the United States governing administration and affiliated entities. RRDS provides a broad line of products and solutions and services, coupled with total-suite logistics alternatives. The organization specializes in cradle-to-grave source chain with an abilities in figuring out bespoke alternatives to meet mission necessities. Employing demonstrated PMO programs, RRDS provides an stop-to-stop resolution for all its consumers. RRDS is centered on your mission.
To master more about Fast Response Defense Programs, pay a visit to www.RRDS.com.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive business creating the next generation of electric powered cars (“EVs”) that will be produced in its two United States-dependent assembly crops. Mullen’s EV development portfolio consists of the Mullen Five EV Crossover, Mullen I-GO Industrial Urban Supply EV, Mullen Professional Class 1-3 EVs and Bollinger Motors, which attributes equally the B1 and B2 electric SUV trucks and Class 4-6 industrial choices. On Sept. 7, 2022, Bollinger Motors grew to become a greater part-owned EV truck corporation of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric powered Previous Mile Solutions’ (“ELMS”) belongings, which include all IP and a 650,000-sq.-foot plant in Mishawaka, Indiana.
To understand extra about the Business, take a look at www.MullenUSA.com.
Forward-Searching Statements
Selected statements in this press launch that are not historical info are ahead-searching statements inside the indicating of Portion 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical simple fact may possibly be considered ahead-seeking statements. Terms this kind of as “carry on,” “will,” “may possibly,” “could,” “need to,” “be expecting,” “envisioned,” “options,” “intend,” “foresee,” “feel,” “estimate,” “forecast,” “prospective” and equivalent expressions are supposed to detect this sort of ahead-seeking statements. All ahead-seeking statements require significant challenges and uncertainties that could result in genuine final results to differ materially from those people expressed or implied in the ahead-looking statements, quite a few of which are typically exterior the management of Mullen and are challenging to predict. Illustrations of this sort of risks and uncertainties include but are not constrained to no matter whether teaming up with RRDS will in point rapidly-monitor chances for possible massive-scale car fleet orders from the federal federal government, no matter whether any proposals submitted by RRDS to governmental or other agencies to obtain Mullen automobiles will fulfill with achievements or outcome in invest in orders, no matter if Mullen will reach its objectives of promoting its automobiles to the federal govt, whether or not Mullen’s Class 1 EV cargo van will be available within the expected said timeline and irrespective of whether the RRDS relationship will verify productive. Extra examples of this kind of hazards and uncertainties contain but are not restricted to: (i) Mullen’s ability (or incapability) to acquire further financing in enough quantities or on appropriate terms when necessary (ii) Mullen’s capability to maintain present, and safe supplemental, contracts with suppliers, elements and other services providers relating to its business (iii) Mullen’s ability to correctly increase in current marketplaces and enter new markets (iv) Mullen’s skill to productively handle and combine any acquisitions of enterprises, answers or systems (v) unanticipated running charges, transaction expenses and real or contingent liabilities (vi) the ability to draw in and retain experienced workforce and crucial staff (vii) adverse effects of increased level of competition on Mullen’s business (viii) modifications in governing administration licensing and regulation that could adversely have an affect on Mullen’s organization (ix) the threat that variations in customer behavior could adversely have an effect on Mullen’s small business (x) Mullen’s capability to shield its mental residence and (xi) community, business and basic enterprise and financial disorders. Additional things that could result in genuine success to differ materially from individuals expressed or implied in the ahead-searching statements can be located in the most current annual report on Form 10-K, quarterly experiences on Kind 10-Q and current stories on Form 8-K submitted by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent situations and developments could bring about its ideas, intentions and expectations to improve. Mullen assumes no obligation, and it precisely disclaims any intention or obligation, to update any ahead-wanting statements, whether as a final result of new details, long run events or in any other case, other than as expressly needed by law. Ahead-searching statements discuss only as of the day they are manufactured and ought to not be relied upon as symbolizing Mullen’s options and anticipations as of any subsequent date.
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