Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM
supplier and the leading global manufacturer of lightweight
advanced technology automotive carbon fiber wheels, is pleased to
announce that the 2024 C8 Chevrolet E-Ray, optionally equipped with
Carbon Revolution’s lightweight carbon fiber wheels, won The
Drive’s Best Performance Car of 2023.
The 2024 E-Ray marks the first time a General Motors hybrid
electric product has used Carbon Revolution’s class-leading carbon
fiber wheels.
“The General Motors Corvette Z06 and ZR1 have been some of
Carbon Revolution’s most successful high-volume programs. We expect
that given the recent performance awards for the E-Ray, this
program will continue the trend of success,” said Jake Dingle, CEO
of Carbon Revolution.
Carbon Revolution has been awarded 181 programs with six global
OEMs, including Ford, Ferrari, General Motors, Jaguar Land Rover,
Renault, and a major German automaker program announced in
December, as demand grows among global automakers for its
disruptive weight-reduction and efficiency technology.
“E-Ray brings technology and pace once reserved for seven-figure
hypercars down to the relative masses,” wrote Peter Holderith of
The Drive, who praised the trickle-down of technology into North
America’s most popular sports car.
The E-Ray’s optional five-spoke carbon fiber wheels, made by
Carbon Revolution, cut 41 pounds from the Corvette’s unsprung,
rotational curb weight compared with the forged aluminum
option.
“Wearing its summer tires on optional carbon-fiber wheels, the
E-Ray enjoys high limits. Its stable handling, ample grip, and
faultless brakes make it easy to channel your inner Max
Verstappen,” wrote Car & Driver’s Rich Ceppos after
testing the E-Ray on Pikes Peak International Circuit.
In testing, General Motors engineers found Carbon Revolution’s
carbon fiber wheels reduced the Corvette’s lap time by 1.5 seconds
over a 2-minute lap compared with the standard aluminum wheels, all
other factors being the same.
The E-Ray’s carbon fiber wheels – the widest Carbon Revolution
has produced to date – are also available on the 2024 Corvette
Z06.
Driving on track, journalists immediately noticed superior
control, improved braking performance, and a sharper turn-in,
thanks to reduced unsprung rotational mass.
MotorTrend writer Scott Evans said the improved steering and
braking feel was noticeable when swapping to a Z06 with the lighter
carbon fiber wheel option: “If the base Z06 feels like it’ll stop
right now, the Z07 feels like it already stopped yesterday … The
steering response is immediate and pinpoint precise.”
Carbon Revolution wheels weigh up to 40% to 50% less than
comparable aluminum wheels and can provide an increase to EV
vehicle range of up to 5%-10%.2 Carbon Revolution’s wheels
significantly reduce unsprung mass, which greatly improves
efficiency while also helping leading global automakers 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