Seattle, WA - (NewMediaWire) - February 23, 2021 - EZRaider Global, Inc. (headquartered in Seattle, Washington) and DS Raider, Inc. (headquartered in Kfar Saba, Israel) are pleased to announce the signing of a binding Sales and Purchase Agreement (SPA) for EZRaider Global to acquire 100% of the stock of DS Raider.
The acquisition is expected to enhance the integration of EZ Raider's North American sales effort and the Israel-based global production, distribution and sales of EZRaider technology. EZRaider Global is now raising capital to finance the acquisition, build a U.S. production facility, and rapidly expand global sales channels.
The EZRaider product is considered by many to be the most versatile new Electric Vehicle (EV) platform on the market. Originally developed for use by the Israeli military, EZRaider is now available for private and government sales worldwide.
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The EZRaider proprietary EV platform is manufactured in 2wd, 4wd and 6wd versions with trailer options. Its patented, state-of-the-art suspension system provides critical versatility with a narrow profile on which riders can switch between seated and standing positions on the fly while riding. This allows the vehicle to be extremely agile for various off-road uses while also small enough to fit through a normal doorway.
EZRaider's many markets include agriculture, military operations, search and rescue, fire, security, maintenance, off-road work and play, enhanced mobility for people with disabilities, urban commuting and errands, hunting & fishing, golf, extreme sports and tourism. Its design lends itself very well to the use of accessories that enable customers to adapt to a wide array of new uses.
Additionally, developers in Israel recently finished testing for a new autonomous robotics accessory for remote control of an EZRaider. Discussions are already underway for sales to airports and other facilities around the world that need autonomous, smaller profile electric vehicles for maintenance and safety uses. The Company believes its applications are both endless and evolving.
"When you look at the valuations of other EV ventures, especially companies like Arcimoto that have built entirely new platforms and achieved rapid unicorn status, it becomes clear that market conditions could not be more ideal for a technology like this to rapidly penetrate an ever-growing market. We firmly believe that virtually all vehicle markets around the world are susceptible to disruption as EV adoption grows exponentially over the coming years," said Mozy Azarzar, EZRaider Global Founder and CEO.
Safe Harbor Statement
This release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EZRaider Global, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy; and (iv) performance of products. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EZRaider Global, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. These risks and uncertainties also include such additional risk factors as are discussed in the EZRaider Global, Inc. website at www.ezraiderus.com The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
EZRaider Global, Inc.