ROUND ROCK, Texas / ACCESSWIRE / December 16, 2024 / AYRO, Inc. (NASDAQ: AYRO) (“AYRO” or the “Firm”), a designer and producer of purpose-built electrical supply automobiles and options for microdistribution, micromobility and last-mile supply, as we speak introduced as we speak that via its partnership with GLV Ventures (GLV), it has secured its first buy order from one of many three largest vehicle producers in america.
Josh Silverman, Government Chairman of AYRO, commented: “This preliminary order, from a high three automotive provider, not solely represents the primary new enterprise alternative we now have secured since our partnership with GLV, demonstrating our intent to make the most of their low value This additionally signifies our skill to now generate new sources of revenue. We consider this natural progress initiative is simply step one towards diversifying our enterprise and we sit up for persevering with to take action. updates, if relevant.
About AYRO
AYRO designs and produces zero-emission automobiles and programs that redefine the very nature of sustainability. Our objective is to develop options in a approach that leaves minimal impression not solely on carbon emissions, but additionally on area itself. From tire tread, gasoline cells, sound and even jarring visuals, we apply engineering and artistry to each ingredient of our product line. The AYRO Vanish is the primary on this new product roadmap. For extra info, go to www.ayro.com.
Ahead-looking statements
This press launch might include forward-looking statements. These forward-looking statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes, efficiency or achievements to be materially completely different from anticipated future outcomes, efficiency or achievements. Phrases corresponding to “anticipate,” “consider,” “might,” “estimate,” “intend,” “count on,” “might,” “plan,” “will,” “would” and their opposites and comparable expressions are supposed to establish forward-looking statements and embody the event and launch of the AYRO Vanish. These forward-looking statements are based mostly on administration’s beliefs and assumptions made by and knowledge presently accessible to administration. Essential elements that might trigger precise outcomes to vary materially from these indicated in these forward-looking statements embody, however usually are not restricted to: AYRO’s success is dependent upon its skill to finish growth and efficiently introduce new merchandise ; AYRO might expertise delays within the growth and introduction of latest merchandise; the flexibility of AYRO’s suppliers to ship components and assemble automobiles; Purchaser’s skill to terminate or cut back buy orders; AYRO has a historical past of losses and has by no means been worthwhile, and AYRO expects to incur further losses sooner or later and should by no means be worthwhile; AYRO faces dangers related to litigation and claims; AYRO might not be capable of change misplaced manufacturing capability in a well timed and cost-effective method, which might negatively impression its operations and its skill to satisfy supply deadlines; the marketplace for AYRO’s merchandise is rising and should not develop as anticipated and AYRO, due to this fact, might by no means obtain its manufacturing and gross sales goals; AYRO’s restricted working historical past makes it troublesome to guage its enterprise and future prospects and should improve the danger of any funding in its securities; AYRO might expertise lower than anticipated market acceptance of its automobiles; developments in various applied sciences or enhancements within the inside combustion engine might have a cloth adversarial impact on demand for AYRO’s electrical automobiles; the markets wherein AYRO operates are very aggressive and AYRO is probably not profitable in competing in these sectors; AYRO could also be topic to product legal responsibility claims, which might hurt its monetary situation and liquidity if AYRO is unable to efficiently defend or insure itself in opposition to such claims. complaints; elevated prices, provide disruptions or shortages of uncooked supplies, notably lithium-ion cells, chipsets and shows, might hurt AYRO’s enterprise; AYRO could also be required to boost further capital to finance its operations, and such elevating of capital could also be expensive or troublesome to acquire and will dilute the possession pursuits of AYRO’s shareholders, and AYRO’s long-term capital necessities are topic to quite a few dangers; AYRO might not adjust to ever-changing environmental and security legal guidelines and rules; and AYRO is topic to authorities controls on exports and imports that might hurt AYRO’s skill to compete within the worldwide market because of licensing necessities and expose AYRO to legal responsibility if AYRO fails to adjust to relevant legal guidelines . A dialogue of those and different elements concerning AYRO is supplied in our most up-to-date Annual Report on Type 10-Okay and subsequent reviews on Type 10-Q. Ahead-looking statements converse solely as of the date they’re made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case.
For investor inquiries:
IR HEART
traders@ayro.com
516-222-2560
SOURCE: AYRO, Inc.
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