IMC showcases zero-emission technology and
celebrates their west coast sustainability initiative at
state-of-the-art Compton facility
PHOENIX, March 7,
2024 /PRNewswire/ -- Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via the HYLA brand,
proudly marked a significant milestone as IMC, the largest marine
drayage company in the U.S., unveiled the inaugural livery that
will adorn its fleet of 50 Nikola hydrogen fuel cell electric
trucks. This milestone follows a strategic deal that has been in
progress since early 2023 and was formally commemorated during the
grand opening of IMC's state-of-the-art sustainable Compton
facility.
"Nikola is proud to be at the forefront of sustainable
transportation alongside IMC," said Nikola
President and CEO Steve
Girsky. "Their vision to transition their fleet to
zero-emissions is a testament to their leadership in the drayage
sector and sets a high standard for the industry. We're honored to
be aligned with them as we all work to decarbonize the
industry."
In a forward-thinking move, IMC initiated the purchase of
50 Nikola hydrogen fuel cell electric trucks through Tom's Truck
Centers, a valued member of the Nikola sales and service dealer
network. This strategic deal has already brought IMC the
initial batch of 10 trucks in Q423, with an additional 10 scheduled
for this month. The remaining 30 are expected to be delivered by
the end of 2024, solidifying IMC's commitment to a more sustainable
future.
"Our order for 50 Nikola hydrogen fuel cell electric trucks
signifies our commitment to innovation and sustainability in
drayage operations," said IMC CEO Joel
Henry. "We're confident that these technology-advanced
trucks will not only meet but exceed our expectations for enhanced
efficiency and operational excellence."
As a key player in hauling containers from ports to warehouses,
IMC is responding to the growing demand for sustainable
transportation. The deployment of these hydrogen-powered trucks
will be utilized in IMC's operations primarily in Calif., as well
as in Ariz. and Nev.
In compliance with pending California regulations mandating that all new
drayage trucks registered must be zero-emission vehicles in an
effort to phase out fossil-fuel trucks from ports by 2035, Nikola's
hydrogen fuel cell electric vehicles offer an immediate and viable
solution. Assisted by Nikola's Southern
California dealer, Tom's Truck Centers, IMC secured
significant incentives through CARB's Hybrid and Zero-Emission
Truck and Bus Voucher Incentive Project ("HVIP") program and
Port of Los Angeles' Clean Truck
Fund Rate.
ABOUT NIKOLA CORPORATION
Nikola
Corporation's mission is clear: pioneering solutions for a
zero-emissions world. As an integrated truck and energy company,
Nikola is transforming transportation and over-the-road freight
services. With our Class 8 vehicles, including battery-electric and
hydrogen fuel cell electric trucks, and our energy brand, HYLA, we
are driving the advancement of the complete hydrogen refueling
ecosystem. This encompasses supply, distribution, and dispensing,
reflecting our commitment to sustainable practices and a cleaner
future.
Nikola is based in Phoenix,
Arizona with a manufacturing facility in Coolidge, Arizona.
Experience our journey to achieve your sustainability goals at
nikolamotor.com or engage with us on social media via
Facebook @nikolamotorcompany,
Instagram @nikolamotorcompany,
YouTube @nikolamotorcompany,
LinkedIn @nikolamotorcompany or X @nikolamotor.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to: the Company's beliefs regarding the benefits of this deal with
IMC; whether the Company and IMC are at the forefront of
sustainable transportation; beliefs about IMC's position as a
leader in the drayage industry and whether its purchase of FCEV
trucks sets a high standard; whether the FCEV truck will meet or
exceed expectations for enhanced efficiency and operational
excellence; and Nikola's position at the forefront of a
transformative industry. These forward-looking statements generally
are identified by words such as "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," and
similar expressions. Forward-looking statements are predictions,
projections, and other statements about future events based on
current expectations and assumptions and, as a result, are subject
to risks and uncertainties. Many factors could cause actual future
events to differ materially from the forward-looking statements in
this press release, including but not limited to: risks related to
the rollout of the Company's business and milestones and the timing
of expected business milestones; and the factors, risks and
uncertainties regarding the Company's business described in the
"Risk Factors" section of the Company's annual report on Form 10-K
for the year ended December 31, 2023
filed with the Securities and Exchange Commission (the "SEC"), in
addition to the Company's subsequent filings with the SEC. These
filings identify and address other important risks and
uncertainties that could cause the Company's actual events and
results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, the Company assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
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SOURCE Nikola Corporation