Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM
supplier and the leading global manufacturer of lightweight
advanced technology carbon fiber automotive wheels, today announced
the appointment of Chris Recktenwald as Vice President, Procurement
and Supply Chain, to lead strategic procurement and supply chain
initiatives for Carbon Revolution globally.
Before joining Carbon Revolution, Recktenwald
held multiple senior positions over his 10 years at Ford Motor
Company, including, most recently, Global Director, Exterior and
Structural Systems Purchasing. Chris led the raw materials
purchasing for Ford from 2019 until 2023.
Recktenwald also brings experience as the head
of Purchasing and Supplier Quality for Ford of Mexico, where he was
instrumental in establishing supply chain networks and purchasing
organizations.
Recktenwald began his career at Ford as the
director of purchasing strategy, where he helped develop and deploy
initiatives for the entire company, becoming known among automotive
suppliers for his thoughtful and collaborative approach to driving
results.
Recktenwald developed deep supply chain
expertise during his eight years as a management consultant
advising global clients in automotive, aerospace, and industrial
businesses, first for PRTM and later for PwC, which acquired
PRTM.
“Chris will play a critical leading role as we
look to further expand our growing footprint among global auto
OEMs,” said Jake Dingle, CEO of Carbon Revolution. “He brings a
wealth of experience, expertise, and a proven track record in the
automotive industry, leading teams and implementing innovative
solutions. His extensive understanding of the global marketplace
and commitment to enhancing overall procurement and supply chain
efficiency are valuable assets for the pursuit of our growth
goals.”
As previously announced, Carbon Revolution
delivered record revenue in the fiscal first quarter (Q3 CY2023)
and expects to deliver a new record quarterly revenue for the
fiscal second quarter ending December 31, 2023.
The Company has been awarded five programs since
August 2022 taking the total number of programs awarded to 181 with
six global OEMs, including Ford Motor Company, General Motors
Company, Renault, Ferrari N.V., Jaguar Land Rover and a major
German automaker program announced on December 4 as demand grows
among global automakers for its disruptive weight-reduction and
efficiency technology.
Carbon Revolution wheels weigh up to 50% less
than comparable aluminum wheels, and can provide an up to 5% to 10%
increase to EV vehicle range.2 Carbon Revolution’s wheels
significantly reduce unsprung mass, which greatly improves
efficiency while also helping leading global automakers to comply
with the Corporate Average Fuel Economy (CAFE) targets set by the
National Highway Traffic Safety Administration (NHTSA).
As the global automotive industry shifts to
electric power and other sustainable alternatives to
fossil-fuel-based engines, Carbon Revolution is well positioned to
capture OEM demand for weight-saving efficiency technologies.
About Carbon Revolution plc
Carbon Revolution plc (Nasdaq: CREV) is the
parent of Carbon Revolution Limited, an Australian technology
company, which has successfully innovated, commercialized and
industrialized the advanced manufacture of carbon fiber wheels for
the global automotive industry. The Company has progressed from
single prototypes to designing and manufacturing lightweight wheels
for cars and SUVs in the high performance, premium and luxury
segments, for the world’s most prestigious automotive brands.
Carbon Revolution is creating a significant and sustainable
advanced technology business that supplies its lightweight wheel
technology to automotive manufacturers around the world.
For more information,
visit carbonrev.com
Forward Looking Statements
All statements other than statements of
historical facts contained in this communication are
forward-looking statements. Forward-looking statements may
generally be identified by the use of words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “project,” “forecast,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook,”
“target” or other similar expressions (or the negative versions of
such words or 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 the future financial performance, business
strategies, financings and expectations for the Company’s business.
These statements are based on various assumptions, whether or not
identified in this communication, and on the current expectations
of Carbon Revolution’s management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as a guarantee, an assurance,
a prediction or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and may differ from such assumptions, and such differences
may be material. Many actual events and circumstances are beyond
the control of Carbon Revolution.
These forward-looking statements are subject to
a number of risks and uncertainties, including (i) changes in
domestic and foreign business, market, financial, political and
legal conditions; (ii) Carbon Revolution’s ability to obtain
financing, equity, debt, or convertible debt financings to fund our
operations on favorable terms or at all , (iii) the ability to
maintain the listing of Carbon Revolution’s securities on the stock
exchange; (iv) the failure to realize the anticipated benefits of
the business combination and related transactions; (v) risks
relating to the uncertainty of the costs related to the business
combination; (vi) risks related to the rollout of Carbon
Revolution’s business strategy and the timing of expected business
milestones; (vii) the effects of competition on Carbon Revolution’s
future business and the ability of the combined company to grow and
manage growth, establish and maintain relationships with customers
and healthcare professionals and retain its management and key
employees; (viii) risks related to our ability to meet financial
covenants and other key covenants under existing financing
arrangements, (ix) risks related to domestic and international
political and macroeconomic uncertainty, including the
Russia-Ukraine and Israel-Hamas conflicts; (x) the outcome of any
legal proceedings that may be instituted against Carbon Revolution;
(xi) the impact of the global COVID-19 pandemic and governmental
responses on any of the foregoing risks; (xii) risks related to
Carbon Revolution’s industry; (xiii) changes in laws and
regulations; and (xiv) those factors discussed in the documents
Carbon Revolution filed with the SEC, including the Shell Company
Report on Form 20-F.
If any of these risks materialize or Carbon
Revolution’s assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. There may be additional risks that Carbon Revolution
does not presently know or that Carbon Revolution 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 Carbon Revolution’s
expectations, plans or forecasts of future events and views as of
the date of this communication. Carbon Revolution anticipates that
subsequent events and developments will cause Carbon Revolution’s
assessments to change. However, while Carbon Revolution may elect
to update these forward-looking statements at some point in the
future, Carbon Revolution specifically disclaims any obligation to
do so, unless required by applicable law. These forward-looking
statements should not be relied upon as representing Carbon
Revolution’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.
____________________
1 Lifetime awards, of which six are in production, seven are in
development and five are in aftersales.2 If associated weight
reduction were to be reinvested in battery mass; top end of range
assumes further benefits derived from additional aerodynamic, NVH
(noise, vibration and harshness), and structural enhancements.
For further information, please contact:
Investors
Investors@carbonrev.com
Media
Media@carbonrev.com
Carbon Revolution Public (NASDAQ:CREV)
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부터 11월(11) 2024 으로 12월(12) 2024
Carbon Revolution Public (NASDAQ:CREV)
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부터 12월(12) 2023 으로 12월(12) 2024