Mullen has already sold a majority of the received vehicles and will be delivering the vehicles immediately to begin fulfilling some of the $4 million in purchase orders currently in Mullen’s possession. These four passenger low speed vehicles, which come with four wheel disc brakes, air conditioning, and up to 60 miles in range, have been DOT approved and will begin the quick process for the California Air Resources Board certification immediately. However, out of state and foreign clients will begin receiving these vehicles right away.
The 100e4 is now the second low speed vehicle and the third vehicle overall in the Mullen line of all-electric automobiles. The other two door, two passenger vehicle, the 100e, has already been DOT and CARB approved and is currently being marketed and delivered to domestic dealerships throughout the US. Mullen’s premier vehicle, the 180 mile range 700e, is being produced now and will be on display, again, at the LA Auto Show this November.
The 100e4 is the latest in a growing line of all-electric vehicles that Mullen will be bringing to the domestic market. Mullen is in the process of receiving the next vehicles as well. The Mullen 200e, which comes as either a low speed passenger van or cargo van will also be unveiled at the LA Auto Show. This low cost, low speed solution will provide tremendous value to municipal and commercial clients and prove that the market for low speed electric vehicles is here to stay. Also at the LA Auto Show, Mullen plans to unveil as many as two new body styles of electric SUV vehicles that will utilize the lithium ion and lithium air technology which will begin production in 2016. Mullen specializes in customized solutions to meet a variety of customer needs, specifically in the municipal, military, and golf industries.
Mullen is committed to not only low cost, high quality products, but to being a fiscally responsible organization that values good business sense and refuses to spend indiscriminately or irresponsibly.
The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.