Lordstown Motors
this presentation includes forward looking statements these statements are made under the safe harbor provisions of the private securities litigation reform act of statements may be identified by words such as feel believes expects estimates projects intends should i to be or the negative of such terms or other comparable terminology forward looking statements are statements that are not historical facts such forward looking statements are not guarantees of future performance and are subject to risks and uncertainties which could actual results to differ materially from the forward looking statements contained herein due to many factors including but not limited to our limited operating history and our significant projected funding needs our liquidity position the need to raise substantial additional capital to continue ongoing operations risks associated with the conversion and retooling of our facility and ramp up of production our inability to obtain binding purchase orders from customers and potential customers inability to integrate our electric vehicles into heir existing fleets our inability to retain key personnel and to hire additional personnel competition in the electric pickup truck market supply chain disruptions the potential inability to source essential components our inability to develop a sales distribution network he ability to protect our intellectual property rights and the failure to obtain required regulatory approvals in addition the closing the transactions contemplated by the asset purchase agreement with is subject to certain conditions including regulatory approvals an the negotiation and execution of a contract manufacturing agreement so there can be no assurance that the transactions will be completed in a timely manner or at all further there can be no assurance we will enter into a definitive joint venture agreement with to jointly design and develop vehicle programs furthermore potential supply chain disruptions and their consequences on testing and activities could present challenges that impact the timing of our commercial production any forward looking statements speak only as of the date on which they are made and motors undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date of this presentation | Lordstown Motors
Company
Deck Type
Sector
Industry
Deck date
November 2021
Slide
2 of 18
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forward looking statements the statements in this presentation that are not historical facts including statements regarding future financial performance are forward looking statements within the meaning of the federal securities laws these statements may be identified by words such as feel believes expects estimates projects intends should is to be or the negative of such terms or other comparable terminology forward looking statements are inherently uncertain and subject to a variety of assumptions risks and uncertainties that could cause actual results to differ materially from those currently anticipated or expected by management of motors the company these risks and uncertainties include among risks associated with our significant projected funding needs the availability timing and terms of any financing that we may pursue our limited operating history risks related to the of our business and the timing of expected business milestones including our ability to complete the engineering of the endurance to establish appropriate supplier relationships to successfully complete testing and to start production of the endurance in accordance with our projected and budget risks associated with the conversion and retooling of our facility and ramp up of production our inability to obtain binding purchase orders from customers and potential customers inability to integrate our electric vehicles into their existing fleets competition in the electric pickup truck market our inability to retain key personnel and to hire additional personnel our inability to develop a sales distribution network and the ability to protect our intellectual property rights a discussion of these and other risk factors and considerations that could materially impact the company overall business and financial performance can be found in the company reports filed with the securities and exchange commission the sec and you are urged to review these reports carefully given these risk factors you should not place undue reliance on forward looking statements each forward looking statement speaks only as of the date of such statement and the company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement to reflect any change in the company expectations with regard thereto or any change in events conditions or circumstances on which any forward looking statement is based ride | Lordstown Motors
Results
May 2021
the statements in this presentation that are not historical facts including statements regarding future financial performance are forward looking statements within the meaning of the federal securities laws forward looking statements are inherently uncertain and subject to a variety of assumptions risks and uncertainties that could cause actual results to differ materially from those currently anticipated or expected by management of motors the company these risks and uncertainties include among risks associated with demand for drilling services level of activity in the oil and gas industry renewing or replacing expired or terminated contracts contract cancellations and terminations maintenance and realization of backlog impairments and retirements operating risks regulatory initiatives and compliance with governmental regulations litigation rig and various other factors many of which are beyond the company control a discussion of the risk factors and other considerations that could materially impact the company overall business and financial performance can be found in the company reports filed with the securities and exchange commission the sec and readers of this report are urged to review these reports carefully given these risk factors investors and analysts should not place undue reliance on forward looking statements each forward looking statement speaks only as of the date of such statement and the company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement to reflect any change in the company expectations with regard thereto or any change in events conditions or circumstances on which any forward looking statement is based ride | Lordstown Motors
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