NASA Selects Canoo for Artemis Crew Transport Autos

Fenika Bench

NASA Selects Canoo for Artemis Crew Transport Autos – For First Human Lunar Touchdown in Extra Than 50 years

Press Launch
From: Canoo
Posted: Thursday, April 14, 2022

The Nationwide Aeronautics and Area Administration (NASA) has chosen Canoo Inc. (Nasdaq: GOEV) a high-tech superior mobility firm to supply Crew Transportation Autos (CTVs) for crewed Artemis lunar exploration launches. Canoo will ship a number of personalized all-electric LV fashions to NASA by June 2023.

“We’re honored to move the Artemis crew to the launch website for the primary human lunar touchdown in additional than 50 years. The number of our modern applied sciences by NASA to take a various crew of American astronauts to the moon showcases an incredible dedication to sustainable transportation,” mentioned Canoo Investor, Chairman and CEO Tony Aquila. “As a high-tech mobility firm, we’re impressed by NASA’s pioneering and trailblazing spirit. Our personalized autos are modular and upgradable all through their lifecycle with a excessive stage of recyclability at finish of life. Canoo’s Made in America electrical autos embody our nation’s ingenuity and daring dedication to reclaim international know-how management for America and its allied nations. We’re proud to be a companion to NASA in one of many world’s best endeavors.” 

Designing with the human in thoughts:

The Crew Transportation Automobile should carry absolutely suited astronauts, flight help workers and tools to the launch website. Astronaut and crew consolation, security and performance are vital to profitable completion of a mission. Addressing these challenges early on within the design part speeds improvement and sometimes ends in a greater product.

The brand new Crew Transportation Autos shall be based mostly on Canoo’s LV mannequin – a future-forward all-electric automobile, designed from a clear sheet and based mostly on Canoo’s proprietary multi-purpose platform to maximise cabin house, utility and productiveness on a compact footprint. 

Canoo autos are engineered from the within out, vertically integrating drive by wire operate in its modular multi-purpose platform which liberates helpful inside house for passengers and cargo. The crew centered on optimizing operate and type, so every part and house of the automobile has a goal for the driving force, passenger and the mission. 

Powered by innovation:

Canoo is revolutionizing the best way autos are constructed with its multi-purpose platform and interchangeable prime hats. The corporate has filed greater than 160 patents spanning throughout each main part of their autos. Taking cues from aerospace, Canoo engineers for the longer term, the autos are absolutely redundant, harmonized for safe proprietary software program and over the air updates. Its give attention to IP creation is following the trajectory set forth by NASA’s pioneering spirit.  

As with spacecraft engineering and design, part serviceability and upgradability are vital to scale back mission lifetime price. Canoo has put an emphasis on designing its autos at decrease half counts and excessive stage or repairability achieved by a modular strategy to design making the autos extra environment friendly, sturdy and sustainable throughout their lifecycle.  

Constructed within the heartland:

Canoo will manufacture autos for the Artemis mission within the heartland. The corporate just lately named Bentonville, Arkansas as its headquarters and superior manufacturing website and Pryor, Oklahoma as the positioning of its mega micro manufacturing unit. Canoo will convey greater than 2,700 excessive tech superior mobility jobs instantly and appeal to many extra not directly to the area. Canoo plans to launch business manufacturing from its Bentonville facility in late 2022.  

“The heartland has produced 7 of America’s astronauts, together with the primary Native American astronaut. We’re happy to construct on that unbelievable legacy and to have interaction the can-do spirit of this dynamic area in the way forward for house exploration” Aquila mentioned. “NASA’s alternative will help high-paying know-how and lightweight blue collar EV superior manufacturing jobs with the Cherokee Nation and the states of Oklahoma and Arkansas.”  

A historic mission:

It has been greater than 50 years for the reason that Apollo mission introduced the primary astronauts to the moon. Artemis , twin sister to Apollo and goddess of the moon in Greek mythology, is a becoming mission to land the primary girl and individual of shade on the moon and supply studying alternatives for future missions. This seminal mission will set up the primary long-term human and robotic presence on and round the lunar floor and lay the groundwork for future crewed visits to Mars.  

NASA chosen Canoo’s zero emission LVs because the Crew Transport Autos for the Artemis Program by a aggressive course of.  

About Canoo

Canoo’s mission is to convey EVs to Everybody. The corporate has developed breakthrough Multi-Objective Platforms and digital ecosystems which are reinventing the automotive panorama with daring improvements in design, pioneering applied sciences, and a singular enterprise mannequin that spans the complete lifecycle of the automobile.

Distinguished by its skilled crew from main know-how and automotive corporations – Canoo has designed a modular electrical platform purpose-built to ship most automobile inside house that’s customizable throughout all homeowners within the automobile lifecycle to help a variety of car purposes for shoppers and companies. 

Canoo has groups in Arkansas, Oklahoma, Texas, Michigan and California. For extra data, please go to  www.canoo.com.

Ahead-Wanting Statements

The data on this press launch contains “forward-looking statements” throughout the that means of the “protected harbor” provisions of america Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases resembling “estimate,” “plan,” “mission,” “forecast,” “intend,” “will,” “count on,” “anticipate,” “consider,” “search,” “goal” or different related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embody, however usually are not restricted to, statements concerning estimates and forecasts of monetary and efficiency metrics, expectations and timing associated to business product launches and the achievement of operational milestones, together with the power to satisfy and/or speed up anticipated manufacturing timelines, Canoo’s capacity to capitalize on business alternatives, present or anticipated buyer orders, and expectations concerning the event of amenities. These statements are based mostly on varied assumptions, whether or not or not recognized on this press launch, and on the present expectations of Canoo’s administration and usually are not predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and usually are not meant to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of truth or likelihood. Precise occasions and circumstances are tough or unimaginable to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of Canoo. These forward-looking statements are topic to a lot of dangers and uncertainties, together with adjustments in home and overseas enterprise, market, monetary, political and authorized situations; Canoo’s capacity to entry future capital, through dept or fairness markets, or different sources; the rollout of Canoo’s enterprise and the timing of anticipated enterprise milestones and business launch; future market adoption of Canoo’s choices; dangers associated to Canoo’s go-to-market technique and manufacturing technique; the consequences of competitors on Canoo’s future enterprise, and people components mentioned  below the captions “Threat Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” in Canoo’s Annual Report on Kind 10-Okay for the fiscal 12 months ended December 31, 2021 filed with the U.S. Securities and Alternate Fee (the “SEC”) on March 1, 2022, in addition to its previous and future Quarterly Experiences on Kind 10-Q and different filings with the SEC, copies of which can be obtained by visiting Canoo’s Buyers Relations web site at traders.canoo.com or the SEC’s web site at www.sec.gov. If any of those dangers materialize or our assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that Canoo doesn’t presently know or that Canoo presently believes are immaterial that would additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements mirror Canoo’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. Canoo anticipates that subsequent occasions and developments will trigger Canoo’s assessments to vary. Nonetheless, whereas Canoo might elect to replace these forward-looking statements sooner or later sooner or later, Canoo particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Canoo’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.

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