July 30, 2021

Automotive Mogul

Automatic Road Vehicle

Electric Last Mile Announces Additions to Leadership Team

Electric Last Mile Announces Additions to Leadership Team

TROY, Mich.–(Enterprise WIRE)–Electric powered Very last Mile, Inc. (“ELMS” or “the Company”) now announced 8 new additions to its world leadership staff in the spots of engineering, operations, marketing and advertising, small business progress and revenue. Georgette Borrego Dulworth joins the crew as Vice President of Human Assets, Praveen Cherian as Vice President of Engineering, Chris Slesak as Director of Linked Auto/Telematics, Rudy Wang as Director of Vehicle Program, Eric Keipper as Government Director of Car Integration, Jacqueline Siegel as Director of Battery, Sharon Dudley-Parham as Director of Promoting, and Adam Du as Director of ELMS China Functions. These additions bring a long time of leadership expertise in the automotive marketplace and in China’s EV market from companies which include Ford, Typical Motors and Bosch.

“We are thrilled to welcome these leaders to our group at ELMS,” claimed James Taylor, Co-Founder and CEO of ELMS. “Each new group member brings deep, special automotive experience as nicely as the confirmed capability to establish world companies in the commercial vehicle area. These leaders come at an thrilling time as we keep on to make considerable strides on our enterprise and output plans.”

Georgette Borrego Dulworth, Vice President, Human Assets:

Ms. Borrego Dulworth joins ELMS with in excess of 20 a long time of experience in human cash and authorized matters management. She was earlier Vice President, Lawful of Dematic, a subsidiary of KION Group and a leading supplier of built-in automatic know-how, software and companies to enhance the provide chain. Prior to signing up for Dematic, Ms. Borrego Dulworth served as Company Counsel and Director of Human Resources for North America with MSX Global, LLC and Director of Talent Acquisition and Diversity at FCA, now Stellantis. Ms. Borrego Dulworth retains a BA in Business Administration and a JD from Wayne Point out University.

Praveen Cherian, Vice President, Engineering:

Mr. Cherian is a seasoned worldwide automotive executive with in excess of 20 many years of transformative management in the automotive sector. He joins ELMS as the VP of Engineering, bringing his knowledge in main world-wide engineering and system groups at Ford and its two joint ventures in China, exactly where he used far more than 10 decades. In his most latest roles, he served as Director of Engineering at Changan Ford and Main Engineer of the Ford Transit at Jiangling Motors. Previously in his job, Mr. Cherian oversaw the early Ford Fusion Hybrid and the very first business EV in U.S., 2010 product yr Ford Transit Connect Electrical to market place. Praveen Cherian graduated from College of Cincinnati with a master’s in mechanical engineering.

Eric Keipper, Executive Director, Vehicle Integration:

Eric Keipper is an achieved automobile improvement Engineer and Director with nearly 30 a long time of automobile progress knowledge. He joins ELMS as the Govt Director of Car or truck Integration, dependable for substantial-excellent integration of methods and parts for local sector, successful past mile delivery remedies. Mr. Keipper delivers in-depth expertise from his career at General Motors, Chrysler/FCA, Karma Automotive, and most a short while ago, Pratt Miller Engineering. His voice of the purchaser advancement method and complex product development emphasis has continually developed large high quality items prospects drive to order and delight in driving. Mr. Keipper focuses on creating strategic partnerships and developing engineering applications and procedures that realize the demanded product or service focused outcomes. He has an BS in Mechanical Engineering from Michigan Technological College, an MS in Engineering from Rensselaer Polytechnic Institute, and an MBA from the University of Michigan.

Chris Slesak, Director, Related Automobile/Telematics:

Mr. Slesak joins ELMS as the Director of Connected Motor vehicle Car/Telematics. Chris beforehand held this sort of roles as the Director of the Electric powered Car or truck OEM Company Device and Head of Signal Transmission for Guardian Industries, a subsidiary of Koch Industries, Running Director of Road-iQ, a Telematics and Related Equipment & Services business specializing in eyesight systems for the professional motor vehicle marketplace, and World wide Product or service Line Director for Telematics at Delphi Automotive. His earlier roles involved management positions at Ford, Visteon and Hyundai. Mr. Slesak graduated with a master’s diploma from Purdue University with his BS from Michigan State University with a significant in Chemistry.

Rudy Wang, Director, Car or truck Software package:

Mr. Wang joins ELMS and is liable for vehicle program development. He was earlier at Mando America’s Electrical Electric power Steering R&D Middle, in which he led software package groups performing specifically with world wide EV OEMs. In the course of his tenure, he supported the launch of EPS merchandise for EV OEM and autonomous driving clients on the west coastline. Before, he targeted on all-natural gasoline and hybrid powertrain engineering at Bosch. Mr. Wang acquired his master’s diploma in electrical engineering from the College of Toledo.

Jacqueline Siegel, Director, Battery:

Ms. Siegel has in excess of 10 decades of marketplace working experience in battery integration, tests and validation, and hybrid and electric powertrains. Her past perform involves serving as World-wide Main Engineer PHEV Batteries FCA/Stellantis and as an Energy Storage Techniques Engineer at Fisker Automotive doing the job on battery pack enhancement. She has major working experience overseeing technological pursuits connected to plan execution and shipping of all FCA PHEV batteries globally, which includes Jeep Renegade/Compass 4xe, Jeep Compass PHEV China and Jeep Wrangler 4xe. She received a master’s in Chemical Engineering from the College of Cincinnati.

Sharon Dudley-Parham, Director, Advertising:

Ms. Dudley-Parham brings a vocation background within just the automotive sector. She most not long ago served as Director of New Small business & Product Improvement at ACV Auctions’ Genuine360. Earlier, Ms. Dudley-Parham invested much more than two decades at Normal Motors in a selection of promoting and product sales management roles. Between these, she led national and regional fleet gross sales, as well as products and manufacturer for state-of-the-art know-how and alternative-gasoline vehicles. Ms. Dudley-Parham more served as marketing and advertising chairperson and member of the board of administrators for the U.S. Office of Strength (DOE) Thoroughly clean Cities Corporation. She retains a BA from Northwestern College and an MBA from the University of Chicago Booth Faculty of Company.

Adam Du, Director, China Operations:

Mr. Du has a solid industrial and technological background with twenty yrs of automotive encounter in 3 distinct functional areas: Profits & Marketing and advertising, Engineering, Program Administration. Prior to signing up for ELMS, he served a Director of New Enterprise Growth in Asia for Accuride. Prior to that, Mr. Du spent ten years at Bosch China as a Director of sales and task management, handling all income actions of Bosch Starter & Generator division to passenger vehicle OEMs.

In December 2020, ELMS announced it entered into a definitive agreement to merge with Forum Merger III Company (Nasdaq: FIII), a exclusive function acquisition enterprise, that would outcome in ELMS becoming a publicly stated corporation. The transaction is predicted to shut this thirty day period, subject matter to regulatory and stockholder approvals and other customary closing conditions. The combined firm will be named Electrical Final Mile Answers, Inc. and will continue on to be shown on the Nasdaq Cash Industry beneath the new ticker image “ELMS.”

About Electric powered Final Mile, Inc.

ELMS is focused on redefining the very last mile with productive, linked and customizable answers. ELMS’ very first vehicle, the Urban Supply, is expected to be the first Class 1 electric car or truck in the U.S. market. The business is headquartered in Troy, Michigan. For additional facts, be sure to pay a visit to www.electriclastmile.com.

Ahead-Seeking Statements

This press launch incorporates “forward-searching statements” inside the this means of the “safe harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Discussion board Merger III Corporation’s (“Forum”) and ELMS’s real final results could vary from their anticipations, estimates and projections and therefore, you should not rely on these forward-searching statements as predictions of long run events. Phrases these as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and equivalent expressions are meant to detect these types of forward-searching statements. These forward-wanting statements consist of, with out limitation, Forum’s and ELMS’s expectations with regard to long term general performance and expected monetary impacts of the beforehand declared company blend of Discussion board and ELMS (the “business combination”), the gratification of the closing ailments to the business combination, the size, requires and development opportunity of the markets for ELMS’s items and ELMS’s means to provide all those markets, ELMS’s ability to produce impressive goods and contend with other companies engaged in the commercial supply auto sector and/or the electric powered car industry, ELMS’s means to attract and retain customers, the approximated go to marketplace timing and price tag for ELMS’s solutions, the implied valuation of ELMS and the timing of the completion of the business blend. These forward-seeking statements involve major pitfalls and uncertainties that could induce the genuine final results to vary materially from the envisioned final results. Most of these factors are exterior Forum’s and ELMS’s management and are challenging to predict. Aspects that may possibly bring about these types of variances involve, but are not confined to: (1) the occurrence of any party, alter or other instances that could give increase to the termination of the settlement and plan of merger (“Merger Agreement”) relating to the business enterprise combination or could usually trigger the business mix to fail to shut (2) the lack of ability of ELMS to consummate the Carveout Transaction (as defined underneath) (3) the final result of any legal proceedings that could be instituted versus Discussion board or ELMS adhering to the announcement of the business enterprise combination (4) the lack of ability to finish the business enterprise mixture, together with thanks to failure to acquire approval of the stockholders of Discussion board or other problems to closing in the Merger Settlement (5) the receipt of an unsolicited offer from an additional social gathering for an alternative enterprise transaction that could interfere with the enterprise mix (6) the incapability to obtain the listing of the common inventory of the put up-acquisition firm on the Nasdaq Stock Market or any alternative national securities trade subsequent the small business mixture (7) the chance that the announcement and consummation of the organization blend disrupts latest programs and functions (8) the incapability to understand the expected benefits of the enterprise mixture, which might be afflicted by, among the other matters, level of competition and the potential of the put together business to grow and take care of growth profitably and keep its important personnel (9) costs related to the business blend (10) changes in applicable legislation or restrictions (11) the risk that ELMS might be adversely afflicted by other economic, company, and/or aggressive variables (12) the effect of COVID-19 on the put together company’s enterprise and (13) other dangers and uncertainties indicated from time to time in the proxy assertion submitted relating to the company blend, such as individuals beneath the “Risk Factors” segment therein, and in Forum’s other filings with the SEC. Some of these pitfalls and uncertainties could in the potential be amplified by the COVID-19 outbreak and there may perhaps be supplemental risks that Discussion board and ELMS look at immaterial or which are unfamiliar. Discussion board and ELMS caution that the foregoing listing of things is not exclusive. Forum and ELMS warning viewers not to area undue reliance on any forward-looking statements, which talk only as of the day made. ELMS is at present engaged in restricted operations only and its ability to have out its business enterprise ideas and techniques in the foreseeable future are contingent upon the closing of the organization mixture. The consummation of the business blend is subject to, among other problems, (i) the efficiency of specific agreements in between ELMS and SF Motors, Inc. (d/b/a SERES) (“SERES”), (ii) the acquisition by ELMS of a leasehold curiosity in, or price simple title to, the Indiana production facility prior to the business enterprise mix (offered that Forum has agreed that this ailment will be waived upon delivery by ELMS of proof of the mutual penned agreement of ELMS and SERES as to the date and time of the transfer of possession of the facility to ELMS, which day and time shall be no afterwards than two business days following the closing of the enterprise mixture), and (iii) the securing by ELMS of essential intellectual assets legal rights linked to its proposed enterprise (collectively, the “Carveout Transaction”). All statements herein pertaining to ELMS’s anticipated organization assume the completion of the Carveout Transaction. Forum and ELMS do not undertake or take any obligation or undertaking to release publicly any updates or revisions to any forward-searching statements to replicate any adjust in their anticipations or any transform in activities, conditions or situation on which any such statement is based mostly.

Critical Data About the Organization Mixture and Where by to Locate It

In connection with the enterprise mix, Forum filed a definitive proxy assertion with the U.S. Securities and Exchange Commission (“SEC”). Forum’s stockholders and other intrigued persons are recommended to go through the definitive proxy statement in relationship with Forum’s solicitation of proxies for the distinctive meeting of Forum stockholders to be held to approve, amongst other matters, the small business mix, because this doc contains essential facts about Forum, ELMS and the organization blend. The definitive proxy assertion for the small business combination was mailed to stockholders of Forum as of May possibly 20, 2021, the document date for the Particular Conference. Forum’s stockholders might also attain a copy of the definitive proxy statement, as effectively as other paperwork submitted with the SEC by Forum, with out demand, at the SEC’s internet site found at www.sec.gov or by directing a ask for to: Discussion board Merger III Corporation, 1615 South Congress Avenue, Suite 103, Delray Beach front, FL 33445. The data contained on, or that may be accessed through, the internet websites referenced in this press release is not included by reference into, and is not a element of, this press launch.

Members in the Solicitation

Forum and its directors and govt officers may perhaps be deemed members in the solicitation of proxies with respect to the small business combination. Details about the administrators and government officers of Discussion board and a description of their interests in Discussion board are set forth in the definitive proxy statement, which was filed with the SEC, in connection with the proposed enterprise combination. These documents can be obtained cost-free of cost from the sources indicated higher than. ELMS and its directors and executive officers might also be deemed to be participants in the solicitation of proxies from the stockholders of Discussion board in connection with the business mix. A record of the names of this sort of administrators and govt officers and info concerning their interests in the business blend are set forth in the definitive proxy statement, which was submitted with the SEC, in link with the proposed small business mix. These paperwork can be received absolutely free of cost from the sources indicated previously mentioned.