Forza X1 Signs Deal to Integrate Telematics Platform into FX1 Electric Boats - Seite 2

About Forza X1, Inc.

Forza X1, Inc.'s mission is to inspire the adoption of sustainable recreational boating by producing stylish electric sport boats. We are focused on the creation, implementation and sale of electric boats utilizing our electric vehicle technology to control and power our boats and proprietary outboard electric motor. Our electric boats are being designed as fully integrated electric boats including the hull, outboard motor and control system. For more information, please visit www.forzax1.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding enabling Forza to perform remote diagnostics for service, receive quicker feedback for product enhancements, and run over-the-air software updates, Forza leveraging the incredible strides that Osmosis Telematics has made with its platform so that it may offer a highly tailored and user-friendly warranty, repair, and service experience for Forza customers, Forza possessing 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, Osmosis elevating the overall boating experience for Forza owners, the custom web and mobile app being engineered by Osmosis Telematics driving 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 and creating a high-quality customer experience that spans the entire life of our products through a comprehensive, seamless, and efficient connected system.. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability to utilize Osmosis to enable Forza to perform remote diagnostics for service, receive quicker feedback for product enhancements, and run over-the-air software updates and elevate the overall boating experience for Forza owners, the ability to leverage Osmosis to offer a highly tailored and user-friendly warranty, repair, and service experience for customers, , the ability to resolve issues without the board ever leaving the customer's sight, the duration and scope of the COVID-19 outbreak worldwide, including the impact to supply chains and state and local economies, and the risk factors described in the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission and declared effective on August 11, 2022. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.