Forza X1 Signs Deal to Integrate Telematics Platform into FX1 Electric Boats

FORT PIERCE, FL / ACCESSWIRE / August 24, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that it has signed a development contract with Osmosis Telematics to gain access to its ‘Osmosis' platform. Osmosis is designed to connect users through custom mobile and web applications to their boats over a cellular connection. Moreover, the telematics platform will enable Forza to perform remote diagnostics for service, receive quicker feedback for product enhancements, and run over-the-air software updates. Forza has put in its first order for ten Osmosis telematics units, some of which will be utilized during the testing phase of the Company's FX1 electric boats.

Osmosis Telematics is a leading provider of turn-key telematics solutions to the marine industry. "Forza intends to leverage the incredible strides that Osmosis Telematics has made with its platform so that we may offer a highly tailored and user-friendly warranty, repair, and service experience for our customers," says Joseph Visconti, Executive Chairman and Chief of Product Development for Forza X1, Inc. "By bringing owner and manufacturer together under the same platform, Forza will possess the capacity to provide over-the-air updates to potentially resolve issues without the boat ever leaving the customer's sight, while also prioritizing customer privacy and data security," explains Visconti.

In addition to the service and warranty benefits that Osmosis integration brings, the Company expects Osmosis will elevate the overall boating experience for Forza owners. According to Visconti, the custom web and mobile app being engineered by Osmosis Telematics will drive information to owners so that they are able to track their boat via GPS, display their boat's current battery level, detail the boat's performance in the water, provide environmental conditions (e.g., air temperature, water temperature, and water depth), and link users to the owner's manual as well as the Forza community.

"One of our goals from the start was to create a high-quality customer experience that spans the entire life of our products through a comprehensive, seamless, and efficient connected system," states Visconti. "We're looking forward to working with Osmosis Telematics to incorporate the full suite of Osmosis' capabilities into our FX1 boats and see our goal realized for the benefit of our customers."