SES Founder and CEO Releases Letter to Shareholders
15 March 2022 - 11:44PM
Business Wire
SES AI Corporation (NYSE: SES), headquartered in Boston, a
global leader in the development and manufacturing of
high-performance lithium-metal (Li-Metal) rechargeable batteries
for electric vehicles (EVs) and other applications, today posted to
its website a shareholder letter from Founder and CEO Dr. Qichao
Hu. The shareholder letter provides an overview of SES and our path
to commercialization.
“While the global markets have been turbulent, we are confident
in our business plan and expect to achieve several milestones in
2022, including the delivery of the world’s first lithium-metal
battery A-Sample to our OEM partners,” said Dr Hu.
The shareholder letter can be found on our website at
https://investors.ses.ai/news/
About SES
SES is a global leader in development and production of
high-performance Li-Metal rechargeable batteries for EVs and other
applications. Founded in 2012, SES is an integrated Li-Metal
battery manufacturer with strong capabilities in material, cell,
module, AI-powered safety algorithms and recycling. Formerly known
as SolidEnergy Systems, SES is headquartered in Boston and has
operations in Singapore, Shanghai, and Seoul. To learn more about
SES, please visit: https://investors.ses.ai
SES may use its website as a distribution channel of material
company information. Financial and other important information
regarding SES is routinely posted on and accessible through the
Company’s website at https://ses.ai. Accordingly, investors
should monitor this channel, in addition to following SES’s press
releases, Securities and Exchange Commission filings and public
conference calls and webcasts.
Forward-looking statements
All statements other than statements of historical facts
contained in this press release are “forward-looking statements.”
Forward-looking statements can generally be identified by the use
of words such as “believe,” “may,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “plan,”
“project,” “forecast,” “predict,” “potential,” “seem,” “seek,”
“future,” “outlook,” “target” and other similar expressions that
predict or indicate future events or events or trends that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding the
development and commercialization of SES AI Corporation’s (“SES”)
products, including in connection with joint development
agreements, estimates and forecasts of other financial and
performance metrics, and projections of market opportunity and
market share. These statements are based on various assumptions,
whether or not identified in this press release, and on the current
expectations of SES’s management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as and
must not be relied on by any investor as a guarantee, an assurance,
a prediction or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and may differ from assumptions, and such differences may
be material. Many actual events and circumstances are beyond the
control of SES. These forward-looking statements are subject to a
number of risks and uncertainties, including changes in domestic
and foreign business, market, financial, political and legal
conditions; risks related to the ability of SES to grow and manage
growth profitably, maintain relationships with customers and retain
its management and key employees; risks relating to the uncertainty
of the projected financial information with respect to SES; risks
related to the development and commercialization of SES’s battery
technology and the timing and achievement of expected business
milestones; the effects of competition on SES’s business; risks
relating to SES’s history of no revenues and net losses; the risk
that SES’s joint development agreements and other strategic
alliances could be unsuccessful; risks relating to delays in the
design, manufacture, regulatory approval and launch of SES’s
battery cells; the risk that SES may not establish supply
relationships for necessary components or pay for components that
are more expensive than anticipated; risks relating to competition
and rapid change in the electric vehicle battery market; safety
risks posed by certain components of SES’s batteries; risks
relating to machinery used in the production of SES’s batteries;
risks relating to the willingness of commercial vehicle and
specialty vehicle operators and consumers to adopt electric
vehicles; risks relating to SES’s intellectual property portfolio;
the ability of SES to issue equity or equity-linked securities or
obtain debt financing in the future; and those factors discussed
under “Risk Factors” in the proxy statement/prospectus of Ivanhoe
Capital Acquisition Corp. relating to the business combination with
SES, filed with the Securities and Exchange Commission on January
7, 2022. If any of these risks materialize or SES’s assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that SES presently knows and/or believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect SES’s expectations, plans or
forecasts of future events and views only as of the date of this
press release. SES anticipates that subsequent events and
developments will cause its assessments to change. However, while
SES may elect to update these forward-looking statements at some
point in the future, SES specifically disclaims any obligation to
do so. These forward-looking statements should not be relied upon
as representing SES’s assessments as of any date subsequent to the
date of this press release. Accordingly, undue reliance should not
be placed upon the forward-looking statements.
© 2022 SES AI Corp.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220315005853/en/
Investors: Eric Goldstein ericgoldstein@ses.ai
Media: Irene Lam ilam@ses.ai Source: SES AI Corporation
SES AI (NYSE:SES)
Historical Stock Chart
From Apr 2024 to May 2024
SES AI (NYSE:SES)
Historical Stock Chart
From May 2023 to May 2024