Romeo Power Technology Inaugurates the West Coast’s First Dedicated Electric Vehicle Battery Pack Manufacturing Facility

200+ Jobs Created; Automated Factory to Produce 4 Gigawatt Hours of
Energy by 2018

VERNON, Calif.–(BUSINESS WIRE)–Romeo Power Technology, the energy storage technology company founded by
top engineers and designers from SpaceX, Tesla, Amazon and Samsung,
today announced the completion of its fully-automated 113,000
square-foot lithium-ion battery pack manufacturing facility near
downtown Los Angeles. The inauguration of the West Coast’s first
dedicated battery pack manufacturing facility was marked with a
celebration and ribbon cutting ceremony by Romeo’s executive team for
employees, local public officials and community guests.

“Romeo’s state-of-the-art factory is both proof and promise of our place
in the new energy economy,” said Romeo co-founder and CEO Michael
Patterson. “Contrary to what many fear, automation is creating jobs
– in this case, over 200 good jobs. Competitive, in-demand jobs with
living wages.”

Romeo Power Technology’s new factory is slated to produce 1 gigawatt
hour by end of year and will quadruple capacity by 2018 to 4 gigawatt
hours. Spearheaded by Romeo’s Chief Production Officer Mark Schwager who
previously oversaw Tesla’s gigafactory development and design, the new
facility now manufactures the most powerful and energy-dense battery
packs in the world.

All Romeo lithium-ion battery packs for EVs and stationary applications
are designed, engineered, tested and produced on site, and the facility
features the only research and development and testing lab on the West
Coast. The battery packs are designed and optimized based on specific
power and energy density needs, ranging in size from 1 kWh to 1 MWh.

“Our people aren’t assemblers, they’re problem-solvers, forging the way
to a sustainable future,” said Schwager. “Our mission to advance energy
technology has never been more critical.”

The company currently has contracts and design agreements in place that
span U.S. and European automakers, manufacturers of motorcycles and
forklifts, industrial players such as Power Designers, robotics
companies, among others. Romeo is now ramping production of its
lithium-ion battery pack and stationary storage technologies and is
fulfilling orders at full capacity.

The breakthrough battery packs Romeo makes are the most energy dense on
the market. They charge faster and go farther than the current packs in
some of the most popular electric vehicles on the road, and will change
the market forever by dramatically extending the range people expect
from an electric vehicle, and help hasten the transition to all-electric
transportation.

Romeo is also helping businesses slash their utility bills with
state-of-the-art stationary energy storage solutions that change the way
energy is consumed. By harvesting electricity at night when it’s
cheaper, businesses can save money and reduce demand at peak times,
helping the grid remain stable. And, while Romeo continues to focus on
its mission to advance energy technology, it will never lose sight of
why the company came together in the first place – to end energy poverty
around the world by 2023.

Today, there are more than 1 billion people on the planet who lack
access to safe and affordable electricity. When the sun goes down they
live in darkness. And when they cook they’re forced to use fuels that
pollute the air they breathe in their homes.

“The success of the products we make right here in Vernon will help fund
our efforts to provide more affordable and sustainable products to the
people in developing nations,” said Patterson. “There’s a lot of work
ahead, and 2023 is not that far off. But today we prove that hard work,
passion, and vision pay off. Today we celebrate the hard work that got
us here, and the people behind it.”

About Romeo Power Technology

Romeo Power Technology makes the most powerful and energy-dense battery
packs in the world. Top engineers and designers from SpaceX, Tesla,
Samsung, Apple, and Amazon, started Romeo Power in 2015 with the belief
that safe and reliable energy is crucial to the advancement of human
health and economic development. Today, the energy storage technology
company leads the charge in battery pack innovation, safety and
reliability for vehicles, stationary storage and personal power packs
for consumers. For more information go to https://romeopower.com.

Contacts

The Hatch Agency
Amie Rubenstein
romeopower@thehatchagency.com