BREA, California, August 14, 2017 – Mullen Technologies Inc. announced today the hiring of Paul Ritchie, former Porsche Motorsports NA CEO.
Mullen has reached a three-year agreement with Detroit, Michigan based Paul Ritchie consulting as automotive consultant and special advisor to its’ CEO. “This is an extraordinary success for Mullen to acquire the unique and industry-wide respected experience and expertise of Mr. Paul Ritchie”, said Mr. David Michery from his corporate offices in Brea, California. “As Mullen is beginning to produce the new, 700e all-electric sedan, Mr. Ritchie’s leadership, experience and knowledge is a key piece of the Mullen solution for inexpensive electric cars, which will be put into full production in the United States”, Mr. Michery further said.
Mr. Ritchie will work out of the new Detroit, Michigan office of Mullen. Mullen recently opened the Detroit office in partnership with the City of Detroit. The Detroit office also is the national headquarters for supply chain management, engineering, and certification and compliance planning.
About Mullen Technologies:
Mullen Technologies, Inc. is a California based pre-IPO Electric Vehicle (EV) manufacturer and international distributor of high tech, zero emission vehicles. The Company aims at solving the significant environmental problem caused by gasoline powered vehicles and providing a variety of affordable, electric cars to the American market and the entire world market. Currently, the Company manufactures a proprietary USDOT certified four door electric sedan. The company is in negotiations with several international vehicle manufacturers to develop joint ventures to bring quality, cost effective vehicles to the United States for certification and distribution.
Mullen Technologies, Inc. is committed to not only low cost, high quality product, but to being a fiscally responsible organization that values good business sense and refuses to spend indiscriminately or irresponsibly.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements. Forward looking statements in this press release include statements relating to the Company’s corporate finance and other strategic initiatives, and the Company’s expansion into markets outside of the golf industry. Forward-looking statements are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, without limitation, the following: the timing and nature of any capital raising transactions; our ability to offer products and services for use by customers in new markets outside of the golf industry; the risk of competition; our ability to find, recruit and retain personnel with knowledge and experience in selling products and services in these new markets; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2015. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements.
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