GlobeNewswire

Arcimoto Unveils the 4th Generation Prototype of the Mean Lean Machine E-Trike

Torque Vectoring software upgrade revealed to be entering beta at community event

EUGENE, Ore., July 24, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, unveiled the 4th Generation Prototype of the Mean Lean Machine, an all-electric tilting E-trike, at a team event Friday afternoon. Arcimoto also demonstrated the beta version of their upcoming Torque Vectoring software upgrade. A full recap of the day’s events can be found in our latest Weekend Stakeholder Update. The prototype, which represents the ‘Cybertrike Edition’ of the Mean Lean Machine product family, will be on display through the weekend at the Riverfront Fan Festival for the World Athletics Championship in Eugene, Oregon.

According to remarks made at the unveiling, the new iteration of the Mean Lean Machine features major improvements in the suspension, the first packaging study of Arcimoto’s MicroFutureDrive, and carbon-fiber wheels. Arcimoto intends to build copies of this prototype iteration for on-road marketing and testing purposes.

“The MLM team has really outdone themselves with this Cybertrike Edition prototype,” said Arcimoto Founder and CEO Mark Frohnmayer. “The team has continued to refine the ride experience, dial in the industrial design of the chassis, as well as provision for best-in-class carrying capacity, and it will provide us with invaluable testing and marketing data as we push towards the release of the first Mean Lean Machines later this year. I remain confident that this product will be in a field of its own, while also opening up the bicycle class to a much wider audience.”

During the event, Frohnmayer offered further insight into the three tier product strategy for the MLM family. The base model ‘Sidewinder’, mid-line ‘Cybertrike’ and high end true ‘Mean Lean Machine’ will offer customers a range of capabilities at key e-bike market price points. More information and a preorder form can be found at http://arcimoto.com/mlm.

Also announced and demonstrated at the event was the beta version of Arcimoto’s Torque Vectoring software. Developed with Stafl Systems, the Torque Vectoring software upgrade is intended to improve traction and make steering at low speeds much easier. Arcimoto aims to roll the software upgrade out to existing customers before the end of the year.

For the latest company updates, check out our latest Weekend Stakeholder Update. Follow Arcimoto on YouTube, Facebook, Instagram, Twitter, TikTok, and LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.

About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com.

Public Relations Contact:
Eric Fritz
pr@arcimoto.com

Investor Relations Contact:
investor@arcimoto.com

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Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements. 


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