- Kelvin represents a host of superstars in Hollywood, and as an
FF 91 2.0 Futurist Alliance user and Developer Co-Creation Officer,
Kelvin will co-create with FF and together with FF will generate
eco-chemistry between the music, entertainment industry and the FF
91 2.0 Futurist Alliance.
- Emma Hernan, a renowned entrepreneur, and star of the popular
Netflix show “Selling Sunset” has also joined FF as the first
female FF 91 2.0 Futurist Alliance owner and FF Developer
Co-Creation Officer.
- FF received notice from Nasdaq last Thursday, that it has
regained compliance with the minimum bid requirement.
- Today’s "Developer AI Co-Creation" panel discussion included
FF's tech experts and Developer Co-Creation Officers who provided a
detailed overview of FF's AI strategy and the latest developments
in Developer Co-creation, as well as the announcement of the FF
Open Platform and the FF Labs.
- The Company views these latest delivery and compliance
milestones as a reflection of a positive shift of the Company’s
operating fundamentals.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
(“Faraday Future”, “FF” or “Company”), a California-based global
shared intelligent electric mobility ecosystem company, today
announced that one of FF’s newest car owners and Developer
Co-Creation Officers, Kelvin Sherman, took delivery of his FF 91
2.0 Futurist Alliance at FF’s “919 Developers AI Co-Creation
Festival” held at FF’s HQ in Los Angeles. Kelvin also joined FF’s
“Futurist Spire Club Salon” with others, including Emma Hernan, in
the exclusive group of FF’s Developer Co-Creation Officers who are
among the elites from their respective industries.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230920077611/en/
Emma Hernan (left), YT Jia (middle), and
Kelvin Sherman are at the FF "Developers AI Co-Creation Festival"
(Photo: Business Wire)
FF also continues to make positive strides from a business
standpoint. FF received notice from Nasdaq last Thursday that the
Company regained compliance with Nasdaq’s minimum bid requirement
after nearly a year. We believe regaining compliance with this
Nasdaq listing standard underscores FF's commitment to maximizing
shareholder interests.
In August, the Company achieved some of its most challenging
milestones in its nine-year history including: finalizing all
compliance procedures for US production and delivery, receiving all
necessary parts for delivery from our supply chain, and starting to
deliver to our users – we believe this reflects the positive shift
of the Company’s operating fundamentals. However, continued lack of
funding has delayed production - ramp-up and the slow delivery
progress falls short of what the Company believes to be the demands
of the market.
The full video of the “919 Developers AI Co-Creation Festival”
can be viewed on FF’s community and official social platforms as
well as online here: https://youtu.be/D2HldCA0D0c
Today’s “Delivery Co-Creation Day” event featured Hollywood star
agent Kelvin Sherman. Kelvin represents a host of superstars,
including Travis Scott, Kendall Jenner, and Justin Bieber. As an FF
91 2.0 Futurist Alliance user and Developer Co-Creation Officer,
Kelvin will co-create with FF and together with FF help generate
eco-chemistry between the music industry, entertainment industry
and the FF 91 2.0 Futurist Alliance.
Cars often serve as the primary space for people to enjoy music.
If FF can transform the car into a concert hall, offering an
immersive concert experience, it can become the ultimate
environment for appreciating music. FF can turn the car into a
mobile live concert environment, providing the best mini live
performance experience. FF can also turn the car into both a live
streaming studio and an office space, enabling artists to stay
connected and interact with fans through live broadcasts anytime
and anywhere. FF 91 2.0 Futurist Alliance's unique "3rd aiSpace"
will provide top musicians and celebrities with an unprecedented
and exclusive in-car audiovisual experience, live streaming
capabilities, and a dedicated social space.
“I can't begin to express the sheer joy and excitement I felt
when I became the owner of the FF 91 2.0 Futurist Alliance,” said
Kelvin. “It's not just a car; it's a marvel of technology and
luxury combined. The experience of test driving was nothing short
of mind-blowing. The acceleration, the comfort, and the
cutting-edge AI features left me truly awe-struck.”
Today Kelvin was also joined by numerous guests who all
participated in another series of the Company’s “919 Developers AI
Co-Creation Panel” discussions at the 919 event. This discussion
was focused on providing a detailed overview of FF's AI strategy
and the latest developments in Developer Co-creation among a
combination of AI and automobiles, technology, music, and other
fields. Nanxi Liu, Co-CEO at Blaze.tech moderated this session and
was joined by Meredith Perry, CEO of Elemind; Matthias Metternich,
CEO of Art of Sport; Samy Kamkar, internet security researcher and
entrepreneur; as well as FF executives.
The Company also announced its FF Co-Creation Open Platform
today which serves as FF's official co-creation hub, specifically
designed for Technology Co-Creation Officers (FTOs) to participate
in open projects. This platform encompasses six key components: the
Application Open Platform, OS Open Platform, Mechanical Structure
Open Platform, Electronic Hardware Open Platform, Cloud Open
Platform, and AI Engine Open Platform. FTOs can select suitable
entry points based on their interests and expertise. Leveraging
FF's cutting-edge aiHyper 6x4 technology architecture, FTOs will
collaborate with FF to build an exciting AI mobility ecosystem.
The Company also announced the first female FF 91 2.0 Futurist
Alliance user and FF Developer Co-Creation Officer, Emma Hernan.
Emma is a renowned entrepreneur, and star of the popular Netflix
show “Selling Sunset”. The Company believes that with the advent of
new technology and AI in the era, the luxury lifestyle pursued by
the elite will be redefined. FF intends to redefine new luxury in
this ongoing transformation. Solving efficiency issues from point A
to point B is about creating high-value services during that
journey.
“All-AI” is the soul of FF’s technology and product architecture
and brings about the unique fusion of general AI + personalized AI
+ “1 on 1 Bespoke Private AI”. FF originally developed the “1-on-1
Bespoke Private AI” and is the representation of the “Ultimate AI
TechLuxury” technology and brand. The "All-Ability aiHypercar"
featuring exclusive FF aiDriving, aiParking, and aiRacing, empowers
users through the 1-on-1 Bespoke AI algorithm and delivers
silicon-based luxury.
Just like FF's co-creation and co-sharing business philosophy,
the "FF aiHyper 6x4 Architecture 2.0" with AI as its soul is
evolving and growing every day. We will continue to iterate and
upgrade FF’s technology and products through Developer Co-Creation
and OTA updates. The Company urges more futurists to join FF's
Developer Co-Creation and drive the evolution of the spire mobility
industry towards "All AI”.
At the upcoming "Developer Track Co-Creation Day" scheduled for
next month, we plan to demonstrate how FF aiRacing's AI technology
dominates the racetrack and injects new wisdom into the "FF
All-Hyper Global Racetrack Conqueror Plan."
FF plans to hold an “FF Delivery Co-Creation Day” for every FF
91 2.0 Spire user through the end of 2023. Beyond vehicle
deliveries, FF also plans to host a series named “FF Developer
Co-Creation Panel” for the exclusive group of early owners and
Developer Co-Creation Officers. The focus of the “FF Developer
Co-Creation Panel” is to generate additional value for the
Developer Co-Creation Officers by building a community that creates
boundary-breaking eco-chemistry among their different industries,
including ultra luxury brand consumers, musicians, entertainment
celebrities, sports stars, technology entrepreneurs, and top tier
AI experts.
These events are designed to discuss the concept of co-creation,
create eco-chemistry with different industries, announce important
corporate strategies and developments, highlight the key features
and functions of FF 91 2.0 Futurist Alliance, luxury lifestyles and
lead to the transformation of the EV and mobility business.
Users can preorder an FF 91 2.0 vehicle via the FF Intelligent
App or through our website (English):
https://www.ff.com/us/preorder/ or (Chinese):
https://www.ff.com/cn/preorder/
Download the new FF Intelligent App:
http://appdownload.ff.com
ABOUT FARADAY FUTURE
FF is the pioneer of the Ultimate Intelligent TechLuxury ultra
spire market in the intelligent EV era, and a disruptor of the
traditional ultra-luxury car industry. FF is not just an EV
company, but also a software-driven company of intelligent internet
AI product.
FOLLOW FARADAY FUTURE
https://www.ff.com/ https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements, which
include statements regarding the Company’s expectations regarding
the “Co-Creation Delivery Day” program and other Co-Creation
events, involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include, among others: the Company’s ability to
continue as a going concern and improve its liquidity and financial
position; the Company’s ability to execute on its plans to develop
and market its vehicles and the timing of these development
programs; the Company’s estimates of the size of the markets for
its vehicles and cost to bring those vehicles to market; the rate
and degree of market acceptance of the Company’s vehicles; the
success of other competing manufacturers; the performance and
security of the Company’s vehicles; potential litigation involving
the Company; the Company’s ability to satisfy the conditions
precedent and close on the various financings described elsewhere
by the Company; the result of future financing efforts, the failure
of any of which could result in the Company seeking protection
under the Bankruptcy Code; general economic and market conditions
impacting demand for the Company’s products; potential cost,
headcount and salary reduction actions may not be sufficient or may
not achieve their expected results; and the ability of the Company
to attract and retain employees, any adverse developments in
existing legal proceedings or the initiation of new legal
proceedings, and volatility of the Company’s stock price. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of the
Company’s Form 10-K/A filed with the Securities and Exchange
Commission (“SEC”) on August 21, 2023, and other documents filed by
the Company from time to time with the SEC. These filings identify
and address other important risks and uncertainties that could
cause actual events and results to differ materially from those
contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and the Company does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230920077611/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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