Mullen Automotive Announces Impressive Solid-State Polymer Battery Test Results

Alma L. Figueroa
Mullen Automotive, Inc.

Mullen Automotive, Inc.

Battery Innovation Centre (BIC) conducted mobile testing in May perhaps 2022

Mullen plans solid-state polymer battery cells for the second generation Mullen FIVE EV Crossover.

Mullen options strong-point out polymer battery cells for the 2nd era Mullen Five EV Crossover.

Success from Indiana’s Battery Innovation Center (BIC) shows Mullen Automotive’s sound-state polymer battery mobile testing exceeds formerly stated values of 300 Ah (ampere-hour) at 3.7 volts.

BIC tests displays extraordinary final results of 343.28 Ah at 4.2 volts for Mullen’s sound-point out polymer battery cell, which is in line with earlier reported benefits from EV Grid.

This facts supports stable-condition polymer battery mobile technological innovation, which when scaled to the auto pack degree, and at a 150-kilowatt hour equivalent, can supply over 600 miles of assortment on a comprehensive demand for the Mullen 5 EV Crossover.

BREA, Calif., Could 31, 2022 (World NEWSWIRE) — through InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electric car (“EV”) producer, announces success of Mullen’s reliable-state polymer battery tests with the Battery Innovation Centre (BIC) in Indiana. Tests success from BIC display the reliable-state polymer cell, rated at 300 Ah and 3.7 volts, analyzed in at 343.28 Ah at 4.2 volts, exceeding expectation and in line with exam tolerance from past EV Grid check outcomes.

Testing performed at Battery Innovation Middle (BIC) in Indiana, demonstrate Mullen’s stable-state polymer mobile coming in at 343.28 Ah at 4.2 volts, which is in line with formerly quoted test results from EV Grid.   In EV Grid’s testing, the sound-state battery cell was rated at 300 Ah at 3.7 volts, with the battery yielding 343 Ah at 4.3 volts. The exam details collected from equally BIC and EV Grid have exceeded expected examination tolerance and display an amazing end result and future for strong-point out batteries.

It is anticipated that with this engineering, when scaled to the automobile pack stage, a 150-kilowatt hour sound-condition battery can produce in excess of 600 miles of range on a entire cost for the Mullen 5 EV Crossover.   In basic, strong-state batteries present higher strength density, more quickly charging time, more compact size and protection when compared to standard lithium-ion cells.

“I’m amazed with the ongoing general performance of the strong-condition cell after likely thru a number of intensive screening periods from accredited screening services,” mentioned David Michery, CEO and chairman of Mullen Automotive. “The battery has done extremely effectively, and I’m happy with the final results from BIC in Indiana.”

“We are delighted to see that the benefits from on-likely screening are in-line with all those formerly notated,” stated Ben Wrightsman, president and CEO of Battery Innovation Center. “The cell therefore considerably has carried out as mentioned, and we will keep on to check supplemental parameters to characterize the all round abilities and functionality.”

Mullen recently introduced the “Strikingly Different” U.S. Examination Push Tour, masking 19 metropolitan areas throughout the U.S. The tour will commence this tumble in Southern California and perform its way all over the U.S. Even more specifics can be identified right here, or location your Mullen Five reservation listed here.

About Battery Innovation Middle (BIC)
BIC is a collaborative initiative intended to include management from renowned universities, government agencies and business enterprises. The Battery Innovation Middle focuses on the swift progress, testing and commercialization of secure, reliable and lightweight electrical power storage units for protection and professional shoppers.

About Mullen
Mullen is a Southern California-dependent automotive corporation that owns and associates with several synergistic corporations functioning towards the unified goal of creating thoroughly clean and scalable energy alternatives. Mullen has developed around the previous decade in sync with shoppers and know-how traits. Right now, the Firm is performing diligently to deliver thrilling EV choices constructed solely in the United States and manufactured to suit correctly into the American consumer’s everyday living. Mullen strives to make EVs much more accessible than at any time by building an stop-to-finish ecosystem that can take treatment of all areas of EV possession.

Ahead-Seeking Statements
Certain statements in this press release that are not historic facts are forward-looking statements in just the meaning of Portion 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historic truth may possibly be considered forward-hunting statements. Words this kind of as “carry on,” “will,” “could,” “could,” “ought to,” “hope,” “envisioned,” “plans,” “intend,” “foresee,” “believe that,” “estimate,” “predict,” “probable,” and equivalent expressions are intended to identify this kind of forward-seeking statements. All ahead-on the lookout statements entail considerable challenges and uncertainties that could trigger genuine outcomes to differ materially from individuals expressed or implied in the forward-on the lookout statements, lots of of which are typically outside the house the command of Mullen and are hard to predict. Illustrations of this sort of pitfalls and uncertainties include but are not constrained to no matter whether the sound-point out polymer battery mobile know-how, which when scaled to the automobile pack level will perform as anticipated or will produce in excess of 600 miles of variety on a entire cost, whether the Business will attain its targets of launching its EV crossover, the 5 within predicted timelines and if so, if the 5 will be a good results no matter whether manufacturing of its possess EV battery packs will be effective, minimize dependency on third-bash suppliers or outcome in reduced expenditures and amplified total good quality and no matter whether the Company’s partnerships with ARRK, Dürr, and DSA Devices and Above the Air (OTA) will outcome in expediting the rollout of the Five. Added examples of such dangers and uncertainties consist of, but are not constrained to (i) Mullen’s ability (or lack of ability) to attain added financing in adequate amounts or on satisfactory terms when desired (ii) Mullen’s ability to manage current, and secure supplemental, contracts with suppliers, pieces and other services suppliers relating to its company (iii) Mullen’s ability to efficiently grow in existing marketplaces and enter new marketplaces (iv) Mullen’s ability to efficiently control and combine any acquisitions of businesses, answers or technologies (v) unanticipated working costs, transaction charges and actual or contingent liabilities (vi) the skill to bring in and retain experienced personnel and essential staff (vii) adverse consequences of greater level of competition on Mullen’s business (viii) modifications in federal government licensing and regulation that could adversely affect Mullen’s business (ix) the risk that changes in consumer behavior could adversely affect Mullen’s  business and (x) Mullen’s potential to safeguard its mental house (xi) local, field and common company and financial ailments. More things that could lead to precise effects to differ materially from people expressed or implied in the ahead-hunting statements can be observed in the most the latest yearly report on Form 10-K, quarterly reviews on Form 10-Q and present reviews on Variety 8-K submitted by Mullen with the Securities and Trade Commission. Mullen anticipates that subsequent functions and developments could result in its options, intentions and expectations to adjust. Mullen assumes no obligation, and it exclusively disclaims any intention or obligation, to update any forward-searching statements, irrespective of whether as a consequence of new information and facts, upcoming events or or else, besides as expressly demanded by law. Forward-seeking statements discuss only as of the day they are designed and really should not be relied on as symbolizing Mullen’s designs and expectations as of any subsequent day.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Wire Provider Get in touch with:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office environment
[email protected]

A photograph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63c3ecc9-89e0-45ef-9527-02cd595a7627

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