Canoo and George Kaiser Family Foundation Announce Partnership to Bring Tech Jobs to Tulsa

Collaboration will Amplify Local community Affect of Canoo Investments

JUSTIN, Texas, Nov. 15, 2021 /PRNewswire/ — The George Kaiser Spouse and children Basis (GKFF) and Canoo (Nasdaq: GOEV), a company of breakthrough electric powered vehicles (EVs) that are reinventing mobility, currently declared a groundbreaking new partnership to draw in, train and retain a dynamic and globally competitive Tulsa technological know-how workforce.

(PRNewsfoto/Canoo)

Sparked by Canoo’s planned expansion in Oklahoma, such as an R&D heart and a software advancement middle that will carry at minimum 375 substantial spending work to Tulsa with a focus on recruitment, coaching and growing workforce diversity, the partnership will mobilize new means and leverage existing courses to create regional expertise and draw varied talent to northeastern Oklahoma.

“I thank George Kaiser for his management in guaranteeing Tulsa is the land of possibility, generating a path for families and staff to realize success. Doing work alongside one another, Canoo and the George Kaiser Relatives Basis will amplify the affect of our particular person investments in Tulsa and add to a more diverse, dynamic and aggressive nearby financial system,” stated Tony Aquila, Trader, Chairman and CEO of Canoo, Inc. “Canoo’s American built electrical autos will be a catalyst for talent, advancement and innovation in Oklahoma.”

“We are energized to have the Canoo software engineering and tech hubs in Tulsa. The presence of these substantial quality work opportunities from Canoo can reward from and enhance the numerous community-personal systems that are centered in Tulsa, supported by GKFF and which focus in essential parts this sort of as automotive and computer software engineering, cyber safety, sophisticated mobility, amongst different other folks,” claimed Ken Levit, Executive Director of GKFF. “I know Tulsa will welcome these new customers of our group with open arms and support their achievement in every single way.”

The better Tulsa region is quick rising as a heart of electric motor vehicle study, improvement and production electrical power. In June, 2021 Canoo chosen Mid The usa Industrial Park in Pryor, Oklahoma as the website for its U.S. manufacturing facility.

“About the past calendar year, we have designed considerable investments in the City’s innovation infrastructure as a result of partnerships like the 36 Levels North Incubator at Metropolis Corridor and the Greenwood Entrepreneurship Incubator at Morton – the two of which have been executed with the aim of supporting the growth of the subsequent generation of progressive organizations,” explained Tulsa Mayor GT Bynum. “Present-day announcement is still one more indicator of the energy of these investments, as well as the need to craft innovative workforce and coaching approaches to prepare much more Tulsans for technological know-how-dependent employment.”

“Canoo has previously created transformative investments in northeast Oklahoma, and we are grateful the business is furthering its motivation to our region and our workforce,” mentioned Arthur Jackson, senior vice president of economic enhancement at the Tulsa Regional Chamber. “Canoo’s planned software advancement middle and partnership with GKFF will spur the region’s expanding engineering ecosystem and bolster our efforts to draw in and build a very-skilled, varied workforce. Investments like this wouldn’t be achievable with no the strong community-personal partnerships and regional collaboration facilitated by way of Tulsa’s Foreseeable future.”

About the George Kaiser Family Foundation

George Kaiser Loved ones Foundation (GKFF) is a charitable group focused to breaking the cycle of poverty as a result of investments in early childhood training, community well being, social expert services and civic enhancement. Dependent in Tulsa, Oklahoma, GKFF works mostly on initiatives produced in collaboration with Tulsa-centered direct service businesses. For additional facts about George Kaiser Loved ones Foundation, pay a visit to GKFF.org.

About Canoo

Canoo’s mission is to provide EVs to Everyone. The firm has produced breakthrough electrical cars that are reinventing the automotive landscape with daring innovations in style and design, groundbreaking systems, and a exceptional company product that spans the whole lifecycle of the auto. Distinguished by its skilled team from primary technological innovation and automotive companies – Canoo has made a modular electric powered system purpose-constructed to produce utmost automobile interior space that is customizable across all homeowners in the auto lifecycle to aid a broad selection of auto purposes for individuals and companies. Canoo has places of work in California and Texas.

For more information, make sure you check out www.canoo.com. For Canoo push elements, including images, make sure you check out push.canoo.com. For buyers, please go to traders.canoo.com.

Ahead-Hunting Statements

The info in this press launch incorporates “ahead-searching statements” inside of the that means of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Forward-looking statements may well be recognized by the use of words this sort of as “estimate,” “plan,” “venture,” “forecast,” “intend,” “will,” “count on,” “anticipate,” “imagine,” “look for,” “focus on” or other related expressions that forecast or show long run events or tendencies or that are not statements of historic issues. These ahead-hunting statements involve, but are not confined to, statements pertaining to estimates and forecasts of financial and functionality metrics, projections of market prospect and industry share, anticipations and timing relevant to commercial merchandise launches and achievement of other operational milestones, together with the capacity to meet up with and/or speed up expected generation timelines, Canoo’s skill to capitalize on commercial chances, anticipated customer orders, and anticipations pertaining to development of amenities and the negotiation, availability or receipt of point out incentives. These statements are based on different assumptions, no matter whether or not determined in this press launch, and on the existing anticipations of Canoo’s management and are not predictions of genuine general performance. These ahead-on the lookout statements are delivered for illustrative reasons only and are not meant to provide as, and will have to not be relied on by any investor as, a warranty, an assurance, a prediction or a definitive statement of fact or chance. Genuine gatherings and situation are tricky or not possible to forecast and will differ from assumptions. A lot of genuine gatherings and situation are outside of the control of Canoo. These ahead-wanting statements are matter to a quantity of risks and uncertainties, together with adjustments in domestic and overseas small business, market, monetary, political and lawful circumstances failure to know the anticipated benefits of the enterprise mix with Hennessy Money Acquisition Corp. IV the rollout of Canoo’s small business and the timing of envisioned business enterprise milestones and professional start upcoming market place adoption of Canoo’s offerings threats connected to Canoo’s go-to-current market strategy and producing method the consequences of opposition on Canoo’s upcoming company the potential to problem equity or fairness-linked securities, and individuals elements talked about beneath the captions “Chance Components” and “Management’s Dialogue and Assessment of Financial Condition and Success of Operations” in Canoo’s Yearly Report on Kind 10-K for the fiscal yr ended December 31, 2020 submitted with the U.S. Securities and Exchange Fee (the “SEC”) on March 31, 2021, as perfectly as its Quarterly Reviews on Sort 10-Q and other filings with the SEC, copies of which may well be acquired by visiting Canoo’s Buyers Relations web page at buyers.canoo.com or the SEC’s website at www.sec.gov. If any of these pitfalls materialize or our assumptions confirm incorrect, true final results could differ materially from the success implied by these ahead-looking statements. There may possibly be further hazards that Canoo does not presently know or that Canoo at this time thinks are immaterial that could also cause actual results to vary from all those contained in the ahead-searching statements. In addition, ahead-hunting statements replicate Canoo’s expectations, programs or forecasts of future events and views as of the day of this push release. Canoo anticipates that subsequent occasions and developments will result in Canoo’s assessments to change. On the other hand, even though Canoo may elect to update these forward-wanting statements at some position in the potential, Canoo specially disclaims any obligation to do so. These ahead-on the lookout statements should not be relied upon as representing Canoo’s assessments as of any date subsequent to the date of this press launch. Appropriately, undue reliance need to not be put upon the ahead-seeking statements.

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