EV Know-how Group Broadcasts Definitive Settlement to

TORONTO, Sept. 16, 2022 (GLOBE NEWSWIRE) — EV Know-how Group Ltd. (the “Firm” or “EV Know-how Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) publicizes that it has entered right into a share alternate settlement (the “Definitive Settlement”) with 1000310362 Ontario Inc. (the “Goal”) and its shareholder, to accumulate a portfolio of mental property together with iconic manufacturers Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co. (the “Transaction”).

EV Know-how Group has a technique of buying iconic, nicely beloved automotive manufacturers after which electrifying them for the way forward for motoring. This strategic transaction expands the portfolio of manufacturers below EV Know-how Group’s management and represents main potential to increase the long run panorama of electrical motoring. The manufacturers within the acquisition symbolize the epitome of world-class design and heritage, giving EV Know-how Group the power to leverage on present model worth, and provide distinctive luxurious EVs, with present appeal and heritage, to prospects throughout the globe. The manufacturers within the Transaction embody:

Marazzi, Fantuzzi, Brewster & Co and Officine Stampaggi Industriali – becoming a member of the EV Know-how Group portfolio of strategic manufacturers

Fantuzzi
Fantuzzi was based in 1939 by Medardo Fantuzzi, an automotive engineer, in Modena Italy. Medardo and his brother Gino Fantuzzi had been concerned in constructing the Maserati A6GCS, Maserati 350S and Maserati 200S through the 1940’s and 1950’s. Medardo went on to work for Ferrari till 1966, the place he turned identified for constructing bespoke low-production efficiency vehicles together with the Ferrari Tipo 156 “sharknose” Fantuzzi, moreover working for De Tomaso, Scuderia Serenissima, AMS and Techno, emblematic designs which are nonetheless cherished at the moment.

Marazzi 
Marazzi was based by Carlo Marazzi and his two sons, Serafino and Mario in 1967, in Milan Italy. Marazzi first accomplished the Lamborghini 400GT 2+2 collection, adopted by a collection of 125 Lamborghini Islero, and the primary few of the Lamborghini Jarama. Then got here the attractive Alfa Romeo 33 Stradale.

Officine Stampaggi Industriali
Officine Stampaggi Industriali (OSI) was based in 1960, by Luigi Segre, former president of Carrozzeria Ghia, and Arrigo Olivetti from Fergat. OSI was based mostly in Turin Italy and was a short-lived firm that produced customized constructed automobiles based mostly on Alfa Romeo, Fiat and Ford. Though manufacturing was quick, OSI made an enduring impression within the automotive business, famend for the conception of the 1960 Innocenti 950 Spider and the Ford 20M TS Coupé, few of that are nonetheless round at the moment.

Brewster & Co
Brewster & Firm dates again to 1810, when James Brewster rapidly fashioned a repute as America’s premier carriage maker. Brewster then went on to work on vehicles, with the primary being forward of the instances with an electrical automobile based mostly on a gas-powered Delaunay-Belleville chassis in 1905. The Firm was well-recognised in America as a supreme coachbuilder for quite a lot of automobiles, with an on-off relationship with Rolls-Royce. Brewster & Co paved its approach within the bespoke car business, profitable quite a few awards.

Pursuant to the Definitive Settlement, EV Know-how Group will challenge a complete of 1,950,000 widespread shares of the Firm (the “Fee Shares”) to the shareholder of the Goal in alternate for all the issued and excellent shares of the Goal, with numerous the Fee Shares topic to contractual lock-up restrictions. No finder charges might be paid in reference to the Transaction.

Wouter Witvoet, CEO of EV Know-how Group mentioned, “EV Know-how Group firmly believes in the way forward for electrical automobiles, and presently essentially the most environment friendly strategy to drive adoption is with the facility of manufacturers. By buying iconic automobiles, we take inspiration from the model, together with its design, values, heritage and ambition. This addition of 4 extremely historic Corporations inside our portfolio is strategic and represents our trajectory to turning into probably the most distinguished electrical automotive manufacturers of at the moment.”

EV Know-how Group
EV Know-how Group was based in 2021 with the imaginative and prescient to impress iconic manufacturers – and the mission to redefine the enjoyment of motoring for the electrical age. By buying iconic manufacturers and bringing beloved motoring experiences to the electrical age, EV Know-how Group is driving the EV revolution ahead. Backed by a diversified workforce of passionate entrepreneurs, engineers and driving fanatics, EV Know-how Group creates worth for its prospects by proudly owning the entire buyer expertise — buying and partnering with iconic manufacturers with vital development potential in distinctive markets, and controlling end-to-end capabilities. To study extra go to: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Know-how Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Ahead-Trying Data

This information launch accommodates forward-looking statements together with, however not restricted to: the closing of the Transaction and EV Know-how Group operations, expectations, and future actions. Typically, however not at all times, these Ahead-looking Statements may be recognized by means of phrases resembling “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “achieve”, “deliberate”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that occasions, “might” or “ought to” happen or be achieved and comparable expressions, together with detrimental variations.

Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any outcomes, efficiency or achievements expressed or implied by the Ahead-looking Statements, together with these elements mentioned below “Danger Elements” within the submitting assertion of the Firm. Though the Firm has tried to establish necessary elements that would trigger precise actions, occasions or outcomes to vary materially from these described in Ahead-looking Statements, there could also be different elements that trigger actions, occasions or outcomes to vary from these anticipated, estimated or meant.

Ahead-looking statements contain vital danger, uncertainties and assumptions. Many elements might trigger precise outcomes, efficiency or achievements to vary materially from the outcomes mentioned or implied within the forward-looking statements. These elements must be thought-about fastidiously and readers shouldn’t place undue reliance on the forward-looking statements. Though the forward-looking statements contained on this information launch are based mostly upon what administration believes to be affordable assumptions, the Firm can’t guarantee readers that precise outcomes might be in line with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Firm disclaims any obligation to replace any forward-looking statements, whether or not because of new info, future occasions or outcomes or in any other case, besides the place required by legislation. There may be no assurance that these forward-looking statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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