Mullen Automotive Announces Impressive Solid-State Polymer

Effects from Indiana’s Battery Innovation Middle (BIC) reveals Mullen Automotive’s good-condition polymer battery mobile testing exceeds previously said values of 300 Ah (ampere-hour) at 3.7 volts.

BIC tests exhibits remarkable effects of 343.28 Ah at 4.2 volts for Mullen’s good-condition polymer battery mobile, which is in line with previously documented benefits from EV Grid.

This data supports reliable-condition polymer battery mobile technological know-how, which when scaled to the car or truck pack level, and at a 150-kilowatt hour equal, can supply more than 600 miles of assortment on a whole cost for the Mullen 5 EV Crossover.

BREA, Calif., May perhaps 31, 2022 (Globe NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electric automobile (“EV”) manufacturer, announces final results of Mullen’s strong-state polymer battery screening with the Battery Innovation Centre (BIC) in Indiana. Tests final results from BIC exhibit the stable-state polymer mobile, rated at 300 Ah and 3.7 volts, analyzed in at 343.28 Ah at 4.2 volts, exceeding expectation and in line with test tolerance from former EV Grid test benefits.

Testing carried out at Battery Innovation Heart (BIC) in Indiana, exhibit Mullen’s stable-point out polymer mobile coming in at 343.28 Ah at 4.2 volts, which is in line with beforehand quoted check results from EV Grid.   In EV Grid’s testing, the stable-state battery cell was rated at 300 Ah at 3.7 volts, with the battery yielding 343 Ah at 4.3 volts. The examination facts gathered from the two BIC and EV Grid have exceeded anticipated take a look at tolerance and clearly show an remarkable final result and future for stable-state batteries.

It is predicted that with this know-how, when scaled to the vehicle pack amount, a 150-kilowatt hour reliable-condition battery can supply about 600 miles of array on a entire demand for the Mullen 5 EV Crossover.   In general, reliable-point out batteries give higher energy density, speedier charging time, more compact sizing and safety as opposed to classic lithium-ion cells.

“I’m impressed with the ongoing performance of the reliable-state mobile immediately after likely thru several intensive testing classes from accredited tests facilities,” claimed David Michery, CEO and chairman of Mullen Automotive. “The battery has done exceptionally effectively, and I’m pleased with the results from BIC in Indiana.”

“We are pleased to see that the benefits from on-going tests are in-line with people earlier notated,” mentioned Ben Wrightsman, president and CEO of Battery Innovation Center. “The cell consequently significantly has carried out as mentioned, and we will carry on to exam supplemental parameters to characterize the in general abilities and efficiency.”

Mullen recently introduced the “Strikingly Different” U.S. Test Generate Tour, covering 19 cities throughout the U.S. The tour will start this slide in Southern California and operate its way throughout the U.S. Even more information can be discovered here, or place your Mullen 5 reservation here.

About Battery Innovation Middle (BIC)
BIC is a collaborative initiative made to include leadership from renowned universities, governing administration businesses and industrial enterprises. The Battery Innovation Center focuses on the quick enhancement, tests and commercialization of secure, trustworthy and light-weight strength storage techniques for defense and industrial buyers.

About Mullen
Mullen is a Southern California-based automotive business that owns and partners with quite a few synergistic companies doing work toward the unified target of creating thoroughly clean and scalable electrical power alternatives. Mullen has progressed over the past ten years in sync with customers and technologies traits. Today, the Business is doing the job diligently to provide enjoyable EV possibilities built solely in the United States and manufactured to fit correctly into the American consumer’s everyday living. Mullen strives to make EVs more accessible than at any time by creating an end-to-conclude ecosystem that usually takes care of all facets of EV ownership.

Forward-Looking Statements
Selected statements in this press launch that are not historical facts are forward-looking statements within the that means of Area 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this push launch that are not statements of historic reality may be considered ahead-seeking statements. Terms this sort of as “carry on,” “will,” “might,” “could,” “ought to,” “expect,” “predicted,” “options,” “intend,” “anticipate,” “imagine,” “estimate,” “predict,” “potential,” and identical expressions are meant to establish this sort of ahead-wanting statements. All forward-wanting statements involve important challenges and uncertainties that could induce real success to differ materially from those people expressed or implied in the ahead-on the lookout statements, a lot of of which are generally outdoors the regulate of Mullen and are tough to predict. Examples of such risks and uncertainties contain but are not limited to no matter if the stable-condition polymer battery mobile know-how, which when scaled to the car pack degree will perform as envisioned or will deliver above 600 miles of selection on a complete cost, whether the Firm will achieve its goals of launching its EV crossover, the 5 within just predicted timelines and if so, if the Five will be a results no matter whether output of its individual EV battery packs will be productive, minimize dependency on third-occasion suppliers or result in reduce expenditures and enhanced overall excellent and no matter if the Company’s partnerships with ARRK, Dürr, and DSA Programs and Around the Air (OTA) will result in expediting the rollout of the Five. Additional examples of this kind of risks and uncertainties incorporate, but are not restricted to (i) Mullen’s ability (or incapability) to obtain additional financing in adequate quantities or on appropriate conditions when essential (ii) Mullen’s ability to keep current, and protected extra, contracts with manufacturers, components and other support providers relating to its small business (iii) Mullen’s ability to properly grow in current markets and enter new marketplaces (iv) Mullen’s ability to efficiently handle and combine any acquisitions of firms, solutions or systems (v) unanticipated working costs, transaction expenditures and genuine or contingent liabilities (vi) the skill to appeal to and retain capable staff and critical staff (vii) adverse effects of elevated levels of competition on Mullen’s business (viii) improvements in government licensing and regulation that may adversely affect Mullen’s business (ix) the danger that improvements in shopper habits could adversely affect Mullen’s  business and (x) Mullen’s potential to protect its intellectual property (xi) nearby, industry and normal enterprise and economic circumstances. Supplemental variables that could lead to real outcomes to vary materially from people expressed or implied in the ahead-on the lookout statements can be discovered in the most the latest yearly report on Sort 10-K, quarterly stories on Variety 10-Q and current reports on Sort 8-K filed by Mullen with the Securities and Exchange Fee. Mullen anticipates that subsequent functions and developments might induce its plans, intentions and expectations to modify. Mullen assumes no obligation, and it precisely disclaims any intention or obligation, to update any ahead-looking statements, no matter if as a result of new information and facts, upcoming functions or otherwise, apart from as expressly required by law. Ahead-on the lookout statements communicate only as of the date they are built and really should not be relied on as symbolizing Mullen’s plans and expectations as of any subsequent day.

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www.MullenUSA.com

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