Romeo Power Expands to New EV Battery Pack Manufacturing Facility in Southern California

Romeo Power is the only US owned battery pack manufacturer for Electric Vehicles

VERNON, CA – Feb 09, 2017 – Romeo Power, the southern California company, that designs and manufactures electric vehicle battery packs is an undeniable energy powerhouse.

Launched last year by renowned tech innovators Michael Patterson and Porter Harris, the demand for its powerful EV Battery packs continues to grow. To accommodate the growing demand, Romeo Power has expanded their manufacturing capabilities just outside of Los Angeles to the city of Vernon, CA. Romeo Power is the first US company to manufacture battery packs for the electric vehicle markets in North America and Europe.

“We are innovating in design, thermal management and materials to push electric vehicles to the next level, our high-energy density packs increase performance and range, helping auto makers win market share, Our modular gravimetric energy density exceeds 225 Wh/kg with volumetric energy density at or over 390 Wh/L”. – Michael Patterson, Founder of Romeo Power.

Romeo Power’s battery packs are optimized to outperform other battery systems on the EV market today. Its new facility is 113,000 square feet, where it manufactures battery packs ranging in size from 1 kWh to 1 MWh.

“Our new factory is a full service facility, encompassing research and development, engineering, testing and manufacturing under one roof. It will enable up to 8 GWh of energy storage production on a single shift and produce a high mix of customer solutions utilizing a common manufacturing recipe to unlock industry-leading production pricing.” – Mark Schwager, Chief Production Officer of Romeo Power.

The expansion supports the electric vehicle market as major auto manufacturers are introducing over 50 new electric vehicle models by 2020. The expansion also creates jobs in Southern California as Romeo Power is hiring an additional 200 manufacturing personnel in 2017. The new research & development team includes a world-class testing lab complete with extensive, vibe, shock, thermal cycling, high power cycling, safety testing and cell level characterization and testing. The company is engaged to design and produce for several tier 1 OEM’s. In all, Romeo Power expects to be at 1 GWh of capacity by the end of 2017 on a single shift and quadruple its capacity in 2018 and then double again by the end of 2019.

“Romeo Power is committed to engineering and manufacturing the most advanced, safest and cost effective battery and energy systems in the world. Romeo Power supports technology that advances humanity and humanitarian efforts globally, bringing access to clean and sustainable energy to all.” – Porter Harris, Co-Founder of Romeo Power.

Romeo Power’s founders have a track record for success. Founder and CEO Michael Patterson is a seasoned tech entrepreneur who has founded, grown and scaled numerous successful tech ventures. Before launching Romeo Power, he founded InAuth, acquired by American Express, Smobile Systems, acquired by Juniper; and FedCel, acquired by Profitline.

Co-Founder and CTO Porter Harris is a renowned battery engineer. Before co-founding Romeo Power, Harris was Chief Battery Architect for Faraday Future, where he designed battery strings for the company’s variable platform architecture. At SpaceX, the technology expert spearheaded the development of batteries for the F9 rocket and Dragon spacecraft. He also contributed to the development of the Crew Dragon Spacecraft life support systems.

About Romeo Power Technology
Romeo was founded in 2015 by a group of engineers from SpaceX, Tesla, and Samsung on a mission to advance energy technology so they could help end energy poverty. They build “tighter and lighter” battery packs for electric vehicles and stationary energy storage that perform better and last longer thanks to industry-leading energy density and battery management. Learn more at romeopower.com.

Statements in this press release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,” “evaluates,” “expects,” “forecasts,” “goal,” “initiative,” “intends,” “outlook,” “plans,” “potential,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “would,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: our dependence on automotive and truck production, both of which are highly cyclical; our reliance on major OEM customers; commodities availability and pricing; supply disruptions; fluctuations in interest rates and foreign currency exchange rates; availability of credit; our dependence on key management; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims; and future changes in laws and regulations, including by way of example, tariffs, in the countries in which we operate, as well as other risks noted in reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K/A. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.

ROMEO POWER NORTH AMERICA
4380 Ayers Ave.
Vernon, CA 90058
+1.844.257.8557
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4380 Ayers Ave, Vernon, CA 90058
+1.888.331.7917

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