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Singapore based Wateroam’s winning pitch showcased portable water filters to provide safe drinking water to communities in rural and disaster-hit regionsHONG KONG SAR - Media OutReach - 27 June 2023 - Prudence Foundation, the community investment arm of Prudential plc, together with Humanitarian Partner International Federation of Red Cross and Red Crescent Societies (IFRC), cloud services provider Amazon Web Services (AWS), and tech media platform e27, have announced the winners of the third edition of the SAFE STEPS Disaster Tech (D-Tech) Awards. SAFE STEPS D-Tech Awards Prize Winners Group Photo Wateroam, from Singapore took home the grand prize of US$50,000 while LivingWaters Systems and Kinetic Analysis Corporation, both from the United States, emerged as the first and second runner-ups respectively winning US$30,000 and US$20,000. They were selected from a record 110 applications from around the world and competed with three more finalists in the final round, which took place at the Echelon Asia Summit in Singapore on June 15. The top six finalists participated in a live pitch during the summit in front of a judging panel and will each receive US$10,000 of AWS Credits. Over the past decade, 83 per cent of all disasters were caused by extreme weather and climate-related events such as floods, storms, and heatwaves, directly affecting 1.7 billion people[1]. With the increased frequency and intensity of natural disasters, communities are more vulnerable than before. Technology innovation has an essential role to play in understanding and solving the risks confronting people globally. SAFE STEPS D-Tech Awards Winner Wateroam Marc Fancy, Executive Director of the Prudence Foundation, said, "The application of disaster technology can save lives before, during and after natural disaster events. Through the SAFE STEPS D-Tech Awards, our goal is to provide a platform to encourage entrepreneurship and investment to drive scale, sustainability and speed in D-Tech innovation and application." The applications showcased a wide range of solutions ranging from early warning systems robotics, communications and connectivity, shelters, water supply and medical aid, to post disaster community support. They were evaluated on a number of criteria including problem-solution fit, business model, potential impact or market size, and organization profile. Wateroam's mission is to provide vulnerable communities better access to safe and clean drinking water. In disaster-hit regions, their portable water filters remove harmful pathogens to create safe drinking water in seconds. Jaron Lim, Sales Director from Wateroam, said, "Being part of the D-Tech Awards and emerging as the winner was a great experience and a rewarding testament to the hard work we have put in over the years. As we move towards smarter technology and increased accountability of our impact, the funding that we have received will really support our research and development efforts in this area and also allow us to scale our impact to more areas affected by disasters." Juja Kim, Deputy Regional Director for Asia Pacific, IFRC, said, "IFRC is honoured to be part of this initiative by Prudence Foundation. In this digital age, it is paramount that we utilize the strengths and creativity of individuals and organizations in coming up with solutions to address the challenges brought by disasters, both natural and man-made in nature. We drive the same in the IFRC by innovating our approaches to prepare and respond better, meeting the varying needs of the affected population in every emergency." Samuel Harris, Public Sector Startup Lead, Asia Pacific and Japan at AWS, said, "Startups are answering the clarion call for disaster aid with their launch of innovative solutions to help communities respond to natural disaster events. This year's winners have inspired us with their passion in this field and AWS shares the same vision to make a difference to disaster recovery and mitigation efforts. We are committed to helping this year's winners through the AWS Activate program which seeks to provide startups with access to our tools, business and technical support and AWS credits, to build and scale their disaster recovery solutions on AWS to reach and serve communities that might need aid, including rural and remote areas." Thaddeus Koh, Co-founder of 27, said, "e27 is proud to be a strategic partner of this important initiative. The SAFE STEPS D-Tech Awards has successfully highlighted the immense potential of utilizing technology for good and sparked numerous meaningful discussions on disaster tech. Leveraging our innovative tech ecosystem platform, we are delighted to witness the tremendous support garnered for the program from various stakeholders in our community. We firmly believe that recognizing the problem at hand is just the beginning, and maintaining momentum is the key; by acknowledging the importance of these issues and generating momentum for potential solutions, we can drive substantial change and make a lasting difference." For more information about the 2023 SAFE STEPS D-Tech Awards, visit https://safesteps.com/d-tech/about-dtech APPENDIX Winners of the 2023 SAFE STEPS D-Tech Awards Company Cash Prizes from Prudence Foundation Product Credits from AWS Winner: Wateroam US$50,000 Up to US$ 10,000 each in AWS cloud credits. 1st Runner-up: LivingWaters Systems LLC US$30,000 2nd Runner-up: Kinetic Analysis Corporation US$20,000 Consolation x3: Castomize Technologies H3Dynamics QUICKBLOCK Ltd. US$12,500 each Finalists of the 2023 SAFE STEPS D-Tech Awards 1. Castomize Technologies (Singapore) New med-tech startup that uses proprietary advanced manufacturing methods to create orthopaedic casts that are lighter, stronger, and more comfortable. 2. Doh Eain Ltd. (Myanmar/Singapore) Preserves heritage, improves public spaces and organises activities that connect people with places, employing a user-centered, participatory approach. In doing this they aim to inspire and enable people to participate in re-shaping their city while retaining cultural heritage. 3. H3 dynamics (France) Enables Advanced Air Mobility with a three-pronged approach that starts with digitization, leading to solutions around autonomous operations, enhances flight autonomy with hydrogen propulsion. 4. Kacific Broadband Satellites Ltd. (Singapore) Next-generation broadband satellite operator providing access to affordable, reliable, high-speed broadband services across Asia and the Pacific. Its services foster greater internet usage, fuel economic growth, and improve the delivery of critical services. 5. Kinetic Analysis Corporation (USA) Uses complex numerical modeling and advanced statistical analysis to simulate and predict the interactions between hazards and development, and creates information to support the planning process, enabling decision makers to strike an appropriate balance in this complex arena. 6. Komunidad Global (Singapore) Software-as-a-Service (SaaS) company focusing on weather and environmental intelligence information services 7. LivingWaters Systems LLC (USA) Its simple and versatile rainwater harvesting units capture, filter, and store a renewable supply of clean water for consumers right at their doorsteps. 8. QUICKBLOCK Ltd. (Scotland) QuickBlock is a flat-packed, interlocking building system made from 100% recycled plastic. They are on a mission to provide a sustainable building solution to solve a variety of problems, reducing waste and contributing to a circular economy. 9. SI Analytics (Republic of Korea) AI-based satellite data analytics solution company. 10. Wateroam (Singapore) A water innovation enterprise that develops portable water filters to provide safe drinking water to communities in rural and disaster-hit regions. [1] IFRC World Disasters Report 2020 Hashtag: #PrudentialThe issuer is solely responsible for the content of this announcement.About the SAFE STEPS D-Tech AwardsThe SAFE STEPS D-Tech Awards looks to find, fund and support technology solutions which protects and saves lives before, during or after natural disaster events. The SAFE STEPS D-Tech Awards were created out of the belief that technological innovation has a significant role to play in improving disaster preparedness, recovery and resilience. This need is especially magnified in Asia Pacific where half of the world's natural disaster events occur. Now in its third edition, the Awards look to continue the work in catalysing a network of support, raising awareness of the sector, and helping the remarkable companies that operate in this space grow and scale. The 2023 SAFE STEPS D-Tech Awards are created by Prudence Foundation and supported by humanitarian partner: the IFRC, technology partner: AWS, and strategic partner: e27. About Prudence FoundationPrudence Foundation is the community investment arm of Prudential plc in Asia and Africa. Its mission is to create a better future for communities by making them safer and more resilient to life's risks. The Foundation runs regional programmes as well as local programmes in partnership with NGOs, governments and the private sector in order to maximise the impact of its efforts. Prudence Foundation leverages Prudential's long term mindset and geographical scale to make communities safer, more secure and more resilient. The Foundation is a Hong Kong registered charitable entity. For more information please visit: www.prudencefoundation.com About IFRCThe International Federation of Red Cross and Red Crescent Societies (IFRC) is the world's largest humanitarian network, comprising 192 National Red Cross and Red Crescent Societies working to save lives, build community resilience, strengthen localization and promote dignity around the world. For more information, please visit: Homepage | IFRC and twitter.com/IFRCAsiaPacific About e27Founded in 2007, e27 has a strong mandate to give all entrepreneurs a winning chance to succeed; providing them with relevant tools and resources to build and scale their companies in Asia's tech ecosystem. e27 provides a go-to platform for connections, insights, funding, and more. Everything you would need to build a billion-dollar company. For more information, please visit: https://e27.co/
BANGKOK, June 27, 2023 /PRNewswire/ -- The inaugural Travel Daily Media – Inspiring Women in Travel (Asia) Awards 2023 has made the travel industry buzzing with excitement and inspiration. The prestigious event brought together industry leaders, innovators, and visionaries across Asia to celebrate the outstanding achievements and contributions of women within the travel industry. Travel Daily Media – Inspiring Women in Travel (Asia) Awards 2023 committee members, sponsors, awardees, and guests celebrate and honour amazing women in travel. TD-IWTA Awards honoured women who have made outstanding contributions to the travel industry, demonstrating exceptional leadership, innovation, and a commitment to driving positive change. The awards aim to inspire and empower more women to pursue their dreams and excel in various roles within the travel sector. This year's event witnessed a large number of nominations and attendees, showcasing the immense support for women-centric events within the industry. The award ceremony commenced with an electrifying atmosphere as attendees gathered to celebrate the remarkable accomplishments of the top nominees. Co-founders of Inspiring Women in Travel (Asia) Gary Marshall and Michaela Connor delivered passionate opening speeches, expressing their gratitude to all sponsors, nominees, volunteers and everyone who participated at the event. The winners of the TD-IWTA Awards 2023 were chosen by a distinguished panel of industry experts and luminaries who meticulously evaluated each nomination. The judging process was rigorous and comprehensive, ensuring that only the most deserving candidates were honoured. The recipients of the TD-IWTA Awards 2023 exhibited unparalleled innovation, creativity, and dedication across various categories, ranging from sustainable tourism initiatives to technological advancements and exceptional customer service. Each winner stood as a shining example of excellence and has set new standards for the industry to aspire to. Jetstar Asia CEO Barathan Pasupathi and Elena Ng from Ponant Cruises delivered their respective keynote speeches. Meanwhile, exhilarating performances from Pie and Group, Silvy, and the Hall of Fame awardee Marisa Sukosol Nunbhakdi entertained the audience. The TD-IWTA Awards 2023 not only celebrated the achievements of the winners but also served as a platform to foster collaboration and encourage the exchange of ideas among industry professionals. Attendees had the opportunity to network, share insights, and forge valuable partnerships that will undoubtedly drive innovation and propel the travel industry forward. The atmosphere was charged with optimism, enthusiasm, and a renewed sense of purpose. The event served as a reminder that the travel industry continues to adapt and thrive, fuelled by the passion, determination, and ingenuity of the remarkable individuals and organisations. Looking ahead, the TD-IWTA Awards will continue to serve as a beacon of excellence, honouring and inspiring women who shape the future of travel. About Travel Daily Media (TD): Travel Daily Media is a leading travel industry publication providing the latest news, insights, and analysis for travel professionals across the globe. With a focus on industry trends, innovation, and developments, Travel Daily Media is committed to promoting and supporting the growth of the travel and tourism sector.
Automation of Site Access Management accelerates request processing while enforcing security and safety SYDNEY, June 27, 2023 /PRNewswire/ -- Appian (Nasdaq: APPN) announced today that BAI Communications Australia (BAI) is using process automation applications built on the Appian AI-Powered Process Platform to digitise and optimise Site Access Management. The applications, which help safeguard the company's employees, customers, contractors, sites and services, have significantly reduced processing time for site access requests. The Appian AI-Powered Process Platform gives you everything you need to design, automate, and optimize your most important business processes. In Australia, BAI operates one of the most extensive broadcast networks in the world across 741 sites, providing 1,985 fully managed television and radio transmission services and delivering 127 million broadcasting hours to 99% of the population. Emergency services also rely on BAI Communications to keep them informed. During natural disasters and other times of crisis, national broadcasters and emergency service providers rely on BAI to maintain their connection with Australians to keep them connected, informed and safe. "We're the trusted neutral host provider for national and commercial broadcasters such as ABC, SBS, and Southern Cross Austereo," explained Peter Knott, Chief Operations Officer, BAI Communications Australia. "We deliver reliable network quality across metro, regional and rural areas. Because so many people depend on our transmission networks, we work round-the-clock to ensure our sites and services are and running at all times. This requires a high number of field staff and contractors on site to inspect and fix faults." Prior to deploying Appian, BAI Australia had labour-intensive manual processes for managing site access. It required multiple phone calls, emails, and document sharing between staff and contractors to permit site access, and to keep the network operations centre informed of contractor movements while at a site. The manual processes meant BAI Australia struggled to enforce safety and security procedures, and there was a lack of audit and reporting capabilities for site access and work. To upgrade from manual to automated processes, BAI created a Site Access Management digital prequalification application process on the Appian Platform for all site visitors. The company also created a mobile app used by field staff to login and out of sites, see faults and work details, and report hazards and risks, as well as an application to manage contractors, including a review of their activities and ratings scheme. "BAI Communications' use of the Appian AI-Powered Process Platform reflects a broader shift in businesses to optimise their processes and maximise ROI by increasing the level of automation," said Luke Thomas, Area Vice President - Asia Pacific & Japan at Appian. "Adaptability and rapid deployment are at the core of what Appian provides. We are excited to be working alongside BAI Communications to help streamline its backend operations and improve business efficiency." In addition to reduced processing time for site access requests, the Appian apps also delivered 100% of access grants to qualified applicants. The company has seen a significant decrease in the number of phone calls made to its network operations centre. The prequalification application also now allows BAI Australia to ensure all site visitors acknowledge safety and security procedures, and it provides key metrics and records for the company's reporting requirements. The Site Access Management solution was recognised internally as a winner of the BAI Australia 2021 and 2023 HSE Innovation and Leadership Awards. About Appian Appian is a software company that automates business processes. The Appian AI-Powered Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world's most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit www.appian.com. [Nasdaq: APPN] Follow Appian: Twitter, LinkedIn. Photo - https://mma.prnasia.com/media2/2140540/APPIAN_BAI.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/1948800/Appian_Logo.jpg?p=medium600
SINGAPORE, June 20, 2023 /PRNewswire/ -- Regional NGO Enterprise Asia proudly announces SB Tape Group Sdn Bhd (SB Group) as the outstanding winner of the Corporate Excellence and Inspirational Brand Awards and the Group's Managing Director Toh Chee Hui as a Master Entrepreneur at the Asia Pacific Enterprise Awards (APEA) 2023 Malaysia. Organized annually across 16 countries and markets, the APEA is the most reputable award recognition program recognizing entrepreneurial excellence across Asia. SB Group and Toh Chee Hui emerged as victors from over 150 nominees through a rigorous evaluation process at this year's Awards. With over 30 years of experience in the adhesive and pressure-sensitive adhesive tapes industry, SB Group's Managing Director Toh Chee Hui has played a pivotal role in the Group's manufacturing operations. He has guided SB Group to accomplish feats that set them apart from its global competitors and even led the company to achieve breakthroughs in the field of adhesive tapes that were unimaginable in the past, such as setting a new world speed record of 450 meters per minute for the operation of an Adhesive Coating Machine. Today, SB Group is ranked as Asia's leading manufacturer of adhesive tapes. With Kuala Lumpur, Malaysia as its headquarters, the company also has manufacturing facilities and established offices in Indonesia and Vietnam, with a total workforce of more than 500 staff across the three countries. SB Group has come a long way since its humble beginnings in 1977 by achieving a remarkable milestone in 2022 by recording its highest turnover performance in history, surpassing RM 500 million. According to a market study, SB Group dominates more than 50% of the market share in Malaysia while supplying 5% of the world's polypropylene tape demand. SB Group differentiates itself from its competitors in its commitment to its core values: Environment First, People-Centric, Integrity, and Dynamic. SB Group believes that success is not just about profits but also about making a positive impact on the world. The Group uses non-hazardous formulations in its adhesives and continuously improves its green manufacturing practices. SB Group's innovative products have helped billions of users worldwide every day with their packaging challenges, including highly-recycled boxes, and winter and automation packing among others. In order to achieve sustainable growth and to ensure the company can adapt to the ever-changing environment, SB Group has implemented programs to identify and groom local graduates to fit into corporate settings and real working conditions. SB Group's SEED Program enabled the company to recruit 18 Bachelor of Chemical Engineering graduates from the University of Malaysia Pahang, to embark on their careers with SB Group. The program was a success as it was able to nurture 3 candidates to management-level positions such as an Assistant Operations Manager, Senior Project Engineers, and a Senior Planner Executive. Furthermore, SB Group has set its sights on becoming a world-class tape manufacturer by pursuing brand excellence with the help of advanced technology. It has identified four key areas to focus on: Green Practices, Product Excellence, Manufacturing Excellence, and Customer Experience Excellence. By focusing on these key areas, SB Group maintains a human touch in its customer service while being tech-driven. The collective effort is believed to land the company in greater market share and create a deeper brand impression in the near future. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia, and in ensuring a legacy of hope, innovation, and courage for the future generation. Please visit www.enterpriseasia.org for more information. About Asia Pacific Enterprise Awards Launched in 2007, the Asia Pacific Enterprise Awards is the region's most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
LONDON, June 26, 2023 /PRNewswire/ -- The 16th Global Dairy Congress was held in London, UK on June 21-22. Widely considered a "weathervane" of industrial innovation, the World Dairy Innovation Awards announced its 2023 winners during the Congress. Thanks to its comprehensive and balanced strengths in innovation, Yili was able to take home 18 awards, including Winner of the Children's dairy product and Packaging design, 14 Finalist Awards and 2 Commended Awards. Dr. Yun Zhanyou, Vice President of Yili Group, and Dr. Gerrit Smit, Managing Director of the Yili Innovation Center Europe, attending the award ceremony. "'World Integrally Sharing Health (WISH)' has always been Yili's vision. Yili has been pursuing a high-quality development model driven by innovation and embracing a New Vision for Value Creation. We shall continue to provide world consumers with nutritious and healthy products that serve their full life-cycle," said Dr. Yun Zhanyou, Vice President of Yili Group. Stay consumer-centered and safeguard health throughout people's entire life-cycle Receiving awards under multiple categories of the World Dairy Innovation Awards, including liquid milk, yogurt, milk powder, and ice cream, among others, Yili fully demonstrated its balanced innovation achievements across different categories of healthy food. As the bedrock of Yili's business, liquid milk products delivered eye-catching results during the Congress. Satine PRO UF Milk Limited Edition of Blue and White Porcelain was announced the Winner of Packaging design. Emerging as one of the secondary growth poles of Yili, the Group's cheese products also achieved incredible results at the 2023 World Dairy Innovation Awards ceremony. Yili's Yijiahao Cheese Bomb became the Winner of the Children's dairy product. In terms of ice cream products, Yili's overseas brand Joyday ice cream earned the Commended Award under the CSR/sustainability initiative category for its outstanding activities devoted to supporting public welfare. Yili's strengths in innovation are highly recognized worldwide, as evidenced by the endorsement given by world-class awards for its work As Yili continues to enhance its innovation strengths, the Group is rapidly expanding the global reach of its influence throughout the industry. In 2022, Yili won six awards, continuing to lead the industry with the highest number of awards received. This year, Yili was proud to be honored with an incredible tally of 18 awards, further highlighting its extraordinary capabilities in innovation. Yili's innovation efforts feature industry-pioneering R&D inputs and a global innovation network. At present, Yili has established 15 innovation centers in Asia, Europe and Oceania. It has also been continuously extending its cooperation with universities, research institutions and other collaborating partners, to expand its innovative ecosystem. Looking to the future, Yili will continue to adhere to its New Vision for Value Creation, stay focused on meeting consumer demands and steadily advance its innovative R&D. Committed to fulfilling its responsibilities as an industry leader and realizing its goals around high-quality development, Yili is dedicated to delivering an even wider range of healthy products to global consumers in the years ahead.
Lucid and Aston Martin enter long-term strategic technology partnership for the integration and supply of Lucid's state-of-the-art electric vehicle powertrain and battery systems in contracts worth in excess of $450M. This landmark agreement marks the first such relationship for Lucid Group's technology arm, a realization of a vision that expands the reach of the company's products and paves the way for future, more mainstream applications. Aston Martin will receive direct access to Lucid's proprietary electric powertrain technology, including its ultra-high performance twin motor drive unit, renowned battery technology, and revolutionary Wunderbox. Aston Martin will pay Lucid technology access fees for Lucid's technologies in a combination of Aston Martin shares and phased cash payments, with Lucid becoming a shareholder in Aston Martin. Additionally, Lucid and Aston Martin will enter into supply arrangements for Lucid's powertrain components and systems. NEWARK, Calif. and GAYDON, UK, June 26, 2023 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced that it has entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin to accelerate the iconic British brand's high-performance electrification strategy and long-term growth. Lucid has entered into a definitive agreement to establish a long-term strategic technology partnership with Aston Martin to accelerate the iconic British brand’s high-performance electrification strategy and long-term growth. The agreement will see Aston Martin gain access to Lucid’s ultra-high performance twin motor drive unit, battery technology, and Wunderbox, as well as technical support from Lucid in integrating its proprietary technology. The relationship, the first of its kind for Lucid, will give Aston Martin access to world-leading electric powertrain technology, which is engineered and manufactured exclusively in-house by Lucid, to power future Aston Martin battery electric vehicles. The agreement will also provide Aston Martin with technical support from Lucid in integrating its proprietary technology into a bespoke all-new electric vehicle platform developed by Aston Martin, as well as the supply of Lucid components. "This partnership will represent a landmark collaboration between Aston Martin, a storied marque with a rich history, including winning at Le Mans and its current successes in F1, and the very best of Silicon Valley innovation and technology from Lucid," said Peter Rawlinson, CEO and CTO, Lucid. "In line with its strategy, Aston Martin selected Lucid, recognizing the profound benefits of adopting its world-leading electric drivetrain technology, exemplified by the breakthrough 516-mile EPA-estimated range achieved by the Lucid Air Grand Touring." "The supply agreement with Lucid is a game changer for the future EV-led growth of Aston Martin," said Lawrence Stroll, Executive Chairman, Aston Martin. "Based on our strategy and requirements, we selected Lucid, gaining access to the industry's highest performance and most innovative technologies for our future BEV products." Lucid was selected by Aston Martin through a competitive process and will provide advanced electric powertrain technologies, including its ultra-high performance twin motor drive unit, renowned battery technology, and revolutionary Wunderbox. The twin motor rear drive unit's prodigious power combines with torque vectoring to extend the capabilities of the car beyond that achievable with a passive all-wheel-drive system. These technically innovative electric motors incorporate Lucid's microjet stator cooling and wave winding, new heat exchanger technology and heightened coolant flow rate, as well as an accompanying battery system that is likewise upgraded for higher power and more precise thermal logic. Taken as a whole, the agreement highlights Lucid's commitment to giving Aston Martin access to the very best technology available to propel the company towards its target of launching the first pure electric Aston Martin model in 2025 and to support the brand's wider Racing. Green. sustainability strategy. The agreement also marks the first such car manufacturer relationship for Lucid's technology wing, expanding the reach of the company's products and paving the way for more mainstream applications of the company's revolutionary electric powertrain technology in the future. Earlier this year, Lucid unveiled a derivative of its power-dense electric drive unit specially designed for use in motorsports. The commencement of the relationship is conditioned on the approval of Aston Martin's shareholders, as well as the receipt of applicable regulatory approvals and other customary conditions. About Lucid GroupLucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company's first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Produced at Lucid's factory in Casa Grande, Arizona, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East. Media Contactmedia@lucidmotors.com TrademarksThis communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners. Forward-Looking StatementsThis communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Lucid's plans and expectations regarding Lucid's strategic partnership with Aston Martin, including the likelihood or ability of the parties to consummate the proposed transactions, the potential benefits to Lucid, and Lucid's ability to supply technology and powertrain and battery systems pursuant to the terms of the proposed partnership, the availability of future applications of Lucid's electric powertrain technology, and the promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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