Faraday Future is launching an all-new user-centric FF smart app ahead of the planned closing of its business combination with Property Solutions Acquisition Corp. (PSAC)
LOS ANGELES–(COMMERCIAL THREAD) – Faraday Future (“FF” or the “Company”), a California-based global shared intelligent mobility ecosystem company, today announced the launch of its new highly interactive FF intelligent application. In addition to being able to book a FF 91 through the FF smart app, users can be part of the FF user ecosystem and not only enjoy the benefits and excitement of the FF community, products and technologies. proposed by FF, but also provide comments and ideas. in the products and businesses with which they interact. The FF Intelligent app, available from today, is available for iOS and Android operating systems and can be downloaded for free by users from the Apple App Store and the Google Play Store by searching for ” Faraday Future ”or by downloading it from: https://www.appdownload.ff.com
In addition to using the FF smart app to set up and book an FF 91, users of the FF smart app will be able to create a FFID, book exclusive test rides, and even book a tour of FF’s world headquarters in Los Angeles. The FF Intelligent APP is not only an FF 91 booking platform and social community where all futurists connect and communicate, but also the most important platform for value co-creation and sharing of our ecosystem of FF users. Users can learn more about our products and interact with the technology that sets FF apart from others in the EV space. Besides the social community aspects where users and fans can share their thoughts and ideas, users will also have the option to enroll in a unique Futuristic Product Officer (FPO) program and even interact with executives. and FF employees to share ideas.
For the very first time, we are extending an exclusive invitation to join the FPO program. You will work directly with FF designers and engineers to turn your ideas and creativity into reality; enjoy a highly personalized and convenient experience with FF 91, and help shape the future of mobility.
“At FF, the main pillar of our ‘ultimate smart luxury technology’ experience is the co-creative relationship we share with our users,” said Dr. Carsten Breitfeld, Global CEO of FF. “The new FF smart app focuses on our users who are the heart of FF’s business model – people who are passionate about FF’s mission, transformative products, innovative technologies and sharing platform. ”
The FF smart app continues the momentum of FF by pursuing the ultimate goal of promoting the transformation of the automotive industry through product and technology innovation, business model innovation, ecosystem innovation of users and governance structure innovation. With IAI (Internet, Autonomous Driving and Intelligence) as the main engine, FF has created an intelligent driving platform and a third Internet living space.
The FF 91 is FF’s flagship offering, and features a sprint of 1,050 HP, 0-60 mph in under 2.4 seconds, zero gravity rear seats with the widest reclining rear seat angle industry 60 degrees, and a revolutionary user experience designed to create a mobile, connected and luxurious third living space. FF 91 is expected to be delivered within twelve months of the closing of the business combination.
Users can reserve an FF 91 now at: https://www.ff.com/us/reserve.
ABOUT FARADAY FUTURE
Founded in May 2014, Faraday Future (FF) is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. FF’s vision is to create a shared intelligent mobility ecosystem that allows everyone to move, connect, breathe and live freely. FF aims to continuously improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the internet and new usage models. With the FF 91, FF has imagined a vehicle that redefines transport, mobility and connectivity, creating a veritable “third Internet living space”, completing the Internet experience for users at home and on smartphones.
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ABOUT PROPERTY SOLUTIONS ACQUISITION CORP.
Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, a share purchase or a similar business combination with one or more differentiated businesses. The company is headed by Jordan Vogel and Aaron Feldman, co-CEOs.
Property Solutions I is a $ 230 million SPAC formed in July 2020 and listed on the Nasdaq under the symbol “PSAC”.
IMPORTANT INFORMATION AND WHERE TO FIND IT
This press release concerns a proposed transaction between the PSAC and FF. PSAC has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 which includes a PSAC proxy and prospectus and a solicitation of consent statement regarding FF. The Proxy Circular / Consent Solicitation Statement / Prospectus were mailed to PSAC shareholders on the record date of June 21, 2021 established for voting on the proposed business combination. PSAC will also file other relevant documents from time to time relating to the proposed transaction with the SEC. PSAC INVESTORS AND SECURITYHOLDERS ARE URGED TO READ CAREFULLY AND IN THE ENTIRETY THE PROXY CIRCULAR, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED BY THE PSAC WITH THE SEC TRANSACTION. Investors and securityholders will be able to obtain free copies of the Proxy Circular / Consent Solicitation Statement / Prospectus and other documents containing important information about PSAC and FF once these documents will have been filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of documents filed with the SEC by the PSAC, when available, may also be obtained free of charge by making a written request to Property Solutions Acquisition Corp., 654 Madison Avenue, Suite 1009, New York, New York 10065 .
PARTICIPANTS IN THE SOLICITATION
PSAC and FF and their respective directors and officers, under SEC rules, may be considered participants in the proxy solicitation of PSAC shareholders in connection with the proposed transaction. Investors and security holders can obtain more detailed information regarding the names and interests in the proposed transaction of the directors and officers of the PSAC from the documents filed by the PSAC with the SEC, including the annual report of the PSAC. PSAC on Form 10-K for the period ended December 31, 2020, which was filed with the SEC on March 31, 2021. Information regarding persons who may, under the rules of the SEC, be considered to be participants in the proxy solicitation of PSAC shareholders in connection with the proposed business combination are set out in the proxy circular / consent solicitation statement. / prospectus for the proposed business combination. Additional information regarding the interests of participants in the proxy solicitation in connection with the proposed business combination is included in the proxy circular / consent solicitation statement / prospectus that the PSAC has filed with the DRY.
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which the offering, solicitation or sale would be illegal before. registration or qualification under the securities laws of such jurisdiction.
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates”, ” planned “,” expects “,” anticipates “,” plans “,” plans “,” intends “,” believes “,” seeks “,” may “,” will “,” should “, “In the future”, “proposes” and variations of these words or similar expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of PSAC or FF management that could lead to actual results. or the results differ materially from those discussed in the forward-looking statements. Significant factors, among others, that may affect actual results include: the inability to complete the transactions contemplated by the proposed business combination; failure to recognize the anticipated benefits of the proposed business combination, which could be affected, among other things, by the amount of cash available as a result of any buyout by PSAC shareholders; the ability to meet Nasdaq listing standards following completion of the transactions contemplated by the proposed business combination; costs associated with the proposed business combination; FF’s ability to execute its development and marketing plans for its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF vehicles; the success of other competing manufacturers; the performance and safety of FF vehicles; potential litigation involving the PSAC or FF; the result of future financing efforts and general economic and market conditions affecting the demand for FF’s products. Other factors include the possibility that the proposed transaction will not complete, including due to the lack of required securityholder approvals or the failure of other closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 and the Proxy Circular / Solicitation of Consent Statement / the prospectus discussed above and other documents filed by the PSAC from time to time. time with the SEC. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and neither the PSAC nor FF makes any commitment to update or revise any forward-looking statements, whether as a result of new information, future events. or otherwise, except as required by law. .