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Geelong, Australia, March 22, 2024 (Globe Newswire) — Carbon Revolution plc (Nasdaq: CREV), a Tier 1 OEM supplier and the world’s leading manufacturer of lightweight, advanced technology automotive carbon fiber wheels, We (the “Company”) are pleased to know that: We are pleased to announce that CEO Jake Dingle will be speaking at his Webull Corporate Connect Technology Investment webinar on March 27, 2024.
Mr. Dingle will speak on Wednesday, March 27, 2024 at 3:00 PM ET/12:00 PM PT. The presentation will be streamed live on the web. Interested participants can register here.
The event follows the company’s preliminary second quarter results, where revenue increased 177% year-over-year to $14.8 million, beating prior expectations.1. Revenues for the year ended December 31, 2023 increased by 42% to US$40.3 million.
This strong sales performance confirms the company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels. Click here for more information on our preliminary second quarter earnings results.
Our latest (February 29, 2024) investor presentation can be viewed here.
About Carbon Revolution plc
Carbon Revolution plc (Nasdaq: CREV) is the parent company of Carbon Revolution Limited, an Australian technology company successfully innovating, commercializing and industrializing advanced manufacturing of carbon fiber wheels for the global automotive industry. The company has evolved from a single prototype to designing and manufacturing lightweight wheels for passenger cars and SUVs in the high-performance, premium and luxury segments for some of the world’s most famous automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies lightweight wheel technology to automakers around the world.
For more information, visit carbonrev.com.
Forward-looking statements
All statements other than statements of historical fact contained in this communication are forward-looking statements. Forward-looking statements generally include words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or “will.” may be identified by the use of words such as ‘should’. “will”, “plan”, “predict”, “anticipate”, “anticipate”, “could”, “seem”, “seek”, “future”, “outlook”, ” “target” or other similar expressions (or negative versions of such words or expressions that predict or suggest future events or trends or that are not statements of historical matter. These forward-looking statements including, but not limited to, statements regarding future financial performance, business strategy, financing and expectations for our business. These statements may or may not be identified in this communication. However, they are based on various assumptions and the current expectations of Carbon Revolution’s management and are not predictive of actual performance. These forward-looking statements are provided for illustrative purposes only. is not intended to serve as a guarantee, guarantee, prediction, or conclusive statement of fact or probability, and should not be relied upon by investors. Actual events and circumstances may be difficult to predict or It is not possible and may differ from such assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of the Carbon Revolution.
These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and international business, market, financial, political and legal conditions; (ii) Carbon Revolution’s ability to obtain capital, equity, debt or convertible debt financing to finance our operations on favorable terms or at all; (iii) Carbon Revolution’s marketability on a stock exchange; our ability to maintain our securities listed; (iv) failure to realize the anticipated benefits of the business combination and related transactions; (v) risks related to the development of Carbon Revolution’s business strategy and the timing of anticipated business milestones; (vi) the impact of competition on Carbon Revolution’s future operations and the combined company’s ability to grow and manage its growth, establish and maintain relationships with customers and healthcare professionals, and retain its management team and key employees; ability to. (vii) risks related to our ability to meet financial covenants and other key restrictions under existing financing arrangements; (viii) domestic and international political and risks related to macroeconomic uncertainties; (ix) the outcome of any legal proceedings that may be brought against the Carbon Revolution; (x) the impact of the global pandemic and government responses on the risks described above; (xi) risks associated with carbon revolution industries; (12) changes in law; and (xiii) factors discussed in Carbon Revolution’s filings with the SEC, including its Shell Company Report on Form 20-F;
If any of these risks materialize, or if Carbon Revolution’s assumptions prove incorrect, actual results could differ materially from those suggested by these forward-looking statements. There may be additional risks that are not currently known to Carbon Revolution or that Carbon Revolution currently believes to be immaterial, which could cause actual results to be included in forward-looking statements. It may also be different. Additionally, forward-looking statements reflect Carbon Revolution’s expectations, plans or projections regarding future events and beliefs as of the date of this communication. Carbon Revolution anticipates that subsequent events and developments will cause Carbon Revolution’s evaluation to change. However, while Carbon Revolution may elect to update these forward-looking statements at some point in the future, Carbon Revolution specifically disclaims any obligation to do so unless required by applicable law. . These forward-looking statements should not be relied upon as representing Carbon Revolution’s evaluation as of any date after the date of this communication. Therefore, you should not place undue reliance on forward-looking statements.
1 All US dollar figures have been converted to US$0.7 for convenience and are not audited.
CONTACT: For further information, please contact: Investors Investors@carbonrev.com Media Media@carbonrev.com
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