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The Daniels Corporation Officially Breaks Ground on Daniels on Parliament Condominium Residence

September 23, 2022 By Business Wire

New condominium residence, Daniels on Parliament, to drive design innovation, placemaking, social equity and inclusion in Regent Park

TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, officially began construction on its latest condominium residence in Regent Park, Daniels on Parliament. Located where Regent Park meets Cabbagetown, Daniels on Parliament is the final condominium within the third phase of the Regent Park revitalization. The condominium will feature two towers, at 25 and 10-storeys, rising from a shared podium.


During the groundbreaking event, Daniels provided details on its Partnership for Affordable Homeownership, a down payment assistance program created for current and past residents of Toronto Community Housing Corporation (TCHC) in Regent Park. Daniels also highlighted its placemaking initiatives designed to feature local artists and help drive social equity and inclusion while enhancing the public realm experience. In addition, Daniels announced that it is the first developer in Ontario to offer Ori Living’s robotic furniture units, which will be available in select studio suites at Daniels on Parliament.

“We are excited to bring our latest affordable homeownership program to Daniels on Parliament. We believe it is the duty of responsible builders and developers like us to create opportunities for positive social impact and change,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We recognize the potential our industry has to make a real impact and with our $5 million investment into this new program, we are continuing to make affordable homeownership a reality in Regent Park.”

Opportunities for Affordable Homeownership

The Partnership for Affordable Homeownership (PAH) is Daniels’ latest affordable homeownership program specifically tailored to current and past residents of TCHC who have lived in Regent Park for at least two years since the beginning of the revitalization in 2006. With an investment of up to $5 million, the program is completely funded by Daniels and provides down payment assistance for up to 50 per cent of the purchase price of a new home at Daniels on Parliament, in the form of second mortgage loan for up to 20 years that is interest and monthly payment free.

Understanding there are many intricacies to the homebuying process, Daniels has supported purchasers in preparing for first-time homeownership by offering the Daniels Homeownership 101 Workshop. This informative session is a required step in qualifying for the PAH program and covers all the key details surrounding homeownership. Additionally, all purchasers are also required to commit a minimum of 100 volunteer hours within the Regent Park community, to be fulfilled prior to occupancy, to support the building of a strong community. To date, 10 individuals and families have become homeowners at Daniels on Parliament through the PAH program.

“Over the past 15 years in Regent Park, Daniels has successfully created and implemented various affordable homeownership programs that help first-time buyers realize the dream of homeownership and Daniels on Parliament is an exciting new chapter,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation. “We continue to find ways to truly to be a ‘people-first’ developer and expand affordable homeownership programs that will play an instrumental role in fostering social cohesion and inclusion in this community.”

Daniels is also extending its partnerships with Habitat for Humanity GTA and BlackNorth Initiative (BNI) to Daniels on Parliament by providing two homes to Habitat Partner Families – one of which will be part of the BNI Homeownership Bridge Program. This partnership will help a Black family become homeowners, aiming to build security, stability, equity and opportunity in the Greater Toronto Area.

Partnering With Local Artists to Create Placemaking Opportunities

Daniels is proud to integrate placemaking opportunities at Daniels on Parliament that foster social cohesion and inclusion, as well as generate economic opportunities for local artists. Portfolio-wide, Daniels engages Artscape Atelier, a social enterprise to create opportunities for artists to meaningfully shape community and the built environment through site-specific public art, public realm and creative placemaking interventions.

Various local artists including Peter Kattan and Casey Watson will transform the street corner of Parliament and Gerrard into an artistic landmark that reflects the unique local character, narratives and heritage of the community. Rising where Regent Park meets Cabbagetown, Daniels on Parliament will be celebrated as a gateway to the community and will feature placemaking and artist-designed streetscape elements including murals, benches, light posts and bike rings creating a dynamic and impactful public realm.

“Artscape Atelier is thrilled to be the arts and culture partner, creating a multi-year public art program for the Daniels on Parliament community. This program will not only be a way to beautify the streetscape and create a sense of place, but it will be an important way to tell the Regent Park story,” said Grace Lee Reynolds, Chief Executive Officer at Artscape. “Through the opportunities created, we will be furthering our efforts to work with equity-deserving communities to overcome barriers. We look forward to the future of the Regent Park community, while working to honour the land we are privileged to continue to work on and be part of.”

Urban Innovation with Ori Living

Urban innovation will be at the core of Daniels on Parliament, with Daniels announcing that it is the first-ever Ontario developer to partner with Ori Living (Ori). Ori specializes in designing and supplying multi-use furniture that creates transformable spaces perfect for optimizing living space. At Daniels on Parliament, 40 studio units will integrate the Ori Pocket Closet as a standard feature, incorporating modular and robotic home furnishings that can be moved around and concealed when required. There will also be a number of studio suites with the option to upgrade to the Ori Pocket Closet. This partnership aims to help homeowners realize the full potential of their studio suites by maximizing living space through unique space optimization solutions and multifunctional furniture.

The partnerships and affordable housing initiatives incorporated at Daniels on Parliament build upon Daniels’ long-standing commitment to not only delivering homes but positive impact as well. Daniels on Parliament will celebrate the vibrancy and inclusivity of the Regent Park community while showcasing the importance of collective community impact.

For more information, visit https://spaces.hightail.com/receive/0w2uvrQhpQ.

About The Daniels Corporation

The Daniels Corporation (www.danielshomes.ca) is one of Canada’s pre-eminent builders/developers, building more than 35,000 new homes across the Greater Toronto Area for over 38 years. Daniels is the developer of TIFF Bell Lightbox and the City of the Arts community on Toronto’s East Waterfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to redevelop Phases 1, 2 and 3 of the Regent Park revitalization, a 69-acre community in the heart of Toronto. At the core of the project is both a physical and social re-connection of this once stigmatized neighbourhood to the broader City of Toronto. Daniels continues to play an important role in the Regent Park Community. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural and economic well-being.

Contacts

For more information or to request an interview:
Ema Asler

Kaiser & Partners

(647)-725-2520

ema.asler@kaiserpartners.com

Xpan Interactive Shifts its Headquarters Amongst Calgary’s Thriving Tech Sector

September 23, 2022 By Business Wire

CALGARY, Alberta–(BUSINESS WIRE)–#Calgary–Xpan Interactive Ltd. (Xpan) has moved into a new Calgary headquarters to accommodate its tremendous growth amongst a thriving Alberta tech sector. The new office is located in Hillhurst, just north of the downtown core.

“We’re incredibly grateful for a strong support system for Alberta’s tech sector,” said Ron Thiele, President and Founder of Xpan. “As a long time advocate for the Alberta digital media industry, it’s an honour to continue our investment into our local community.”

Alberta’s tech sector has seen significant growth of nearly $500 million funded to date in 2022 with Calgary leading the province with 96% of headquarters investments. Xpan’s shift from its Triwood area office to their new Campana Place headquarters in Hillhurst was made possible with the efforts of Avision Young’s Commercial Real Estate Calgary team.

“Calgary has been our home for over 20 years, allowing us to work with Alberta post secondary institutions, government and industry partners to foster innovation and growth in Alberta jobs,” explained Thiele.

Xpan operates as a hybrid organization with team members working virtually across North America with multiple office locations. Calgary maintains the majority of the Xpan workforce, with the total team count expecting to reach 100 by the end of 2022.

The Calgary office is also home to Xpan’s internship program for the growth of talent from local schools. In addition, team members from across the country were invited to Calgary HQ in July for a series of professional development events, collaborative activities and celebrations.

Each Xpan team member is committed to supporting its clients in the development of advanced digital knowledge solutions, such as award-winning learning experiences produced in collaborations with industry and community partners.

“Calgary has supported our culture of belonging for over 20 years and we look forward to making it our home for many years to come,” said Thiele.

About Xpan Interactive Ltd.: Since 2001, Xpan has worked tirelessly to build creative and innovative digital knowledge solutions to help its clients meet their most pressing business needs and performance objectives. It continues to expand on its global mission to evolve behaviour and facilitate change with engaging and effective digital knowledge solutions. The Xpan team makes heroes of learning and development professionals, and improves workspace experience (and lives) across the globe, with better learning.

New Office Address

Suite 201, 609 14th Street NW

Calgary, Alberta, T2N 2A1

Contacts

Media Contacts:
Xpan Interactive Ltd.
Ron Thiele, President

Desk: 403.208.3848 ext 101

Email: ron@xpan.ca

Firm Capital Apartment REIT Announces Senior Management Changes

September 22, 2022 By Globenewswire Tagged With: TSX-V:FCA.U, TSX-V:FCA.UN

All amounts are in US Dollars unless otherwise stated.TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) today announces the resignation of Mark Goldreich as Chief Financial Officer of the Trust, effective September 30, 2022. Mark has decided to pursue other opportunities. The board and senior management… [Read More]

Timbercreek Financial Declares September 2022 Dividend

September 22, 2022 By Globenewswire Tagged With: TSX:TF

TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on October 14, 2022 to holders of Common Shares of record on September 30, 2022. The Company… [Read More]

First Capital REIT Announces Enhanced Capital Allocation and Portfolio Optimization Plan

September 22, 2022 By NewsWire Tagged With: TSX:FCR.UN

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ Key Highlights FCR’s industry leading portfolio has substantial embedded value due to proactive management and value enhancing activities which have driven net asset value meaningfully higher Success of these value-enhancing strategies has created an abundance of low-yielding assets that are now… [Read More]

ERES REIT Outlines Minimal Impact To Business As A Result Of Recent Dutch Government Announcements

September 22, 2022 By Globenewswire Tagged With: TSX:ERE.UN

TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) announced today that on September 20, 2022, the Dutch government published its 2023 budget, as well as a number of announced changes to tax legislation. Key proposed changes which are relevant for the REIT include the following,… [Read More]

PROREIT ANNOUNCES SEPTEMBER 2022 DISTRIBUTION AND RENEWAL OF NORMAL COURSE ISSUER BID

September 22, 2022 By NewsWire Tagged With: TSX:PRV.UN

/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÉAL, Sept. 22, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT (“Units“) for the month of September 2022… [Read More]

Nexus Industrial REIT Announces September Distribution

September 22, 2022 By Globenewswire Tagged With: TSX:NXR-UN.TO

TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today the declaration of the September 2022 distribution. The REIT will make a cash distribution in the amount of $0.05333 per unit, representing $0.64 per unit on an annualized basis, payable October 14, 2022 to unitholders of record as of… [Read More]

Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Greater Toronto Area

September 21, 2022 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 890-unit self storage facility in Burlington, Ontario, Canada. This is the 15th acquisition for SST VI and the third acquisition in the Toronto Market. Since SST VI launched in the first quarter of 2021, the REIT has purchased approximately $233.1 million of self storage facilities and land parcels to be developed into self storage.

This 6.5-acre property is located in close proximity to downtown Burlington on Plains Road East. The facility is comprised of approximately 92,400 square feet of rental space across a mix of climate-controlled, drive-up and interior units. This location is adjacent to a proposed 3.85-acre, multi-tower high-rise residential and commercial development. It is easily accessible, and viewable, from the QEW and is well-positioned to serve the Maple, Freeman, Aldershot and LaSalle neighborhoods.

“We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population,” said H. Michael Schwartz, CEO and President of SST VI. “Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value.”

About Strategic Storage Trust VI, Inc. (SST VI):

SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of September 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,000 units and 840,000 rentable square feet; one property with approximately 890 units and 92,400 rentable square feet in Toronto, Ontario; and joint venture interests in two development properties in Toronto, Ontario.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, is the sponsor of SST VI and also sponsors other self storage programs. As of September 20, 2022, SmartStop has an owned or managed portfolio of 175 operating properties in 22 states and Ontario, Canada, comprising approximately 120,000 units and 13.6 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Greater Toronto Area

September 21, 2022 By Business Wire

LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 890-unit self storage facility in Burlington, Ontario, Canada. This is the 15th acquisition for SST VI and the third acquisition in the Toronto Market. Since SST VI launched in the first quarter of 2021, the REIT has purchased approximately $233.1 million of self storage facilities and land parcels to be developed into self storage.

This 6.5-acre property is located in close proximity to downtown Burlington on Plains Road East. The facility is comprised of approximately 92,400 square feet of rental space across a mix of climate-controlled, drive-up and interior units. This location is adjacent to a proposed 3.85-acre, multi-tower high-rise residential and commercial development. It is easily accessible, and viewable, from the QEW and is well-positioned to serve the Maple, Freeman, Aldershot and LaSalle neighbourhoods.

“We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population,” said H. Michael Schwartz, CEO and President of SST VI. “Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value.”

About Strategic Storage Trust VI, Inc. (SST VI):

SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of September 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,000 units and 840,000 rentable square feet; one property with approximately 890 units and 92,400 rentable square feet in Toronto, Ontario; and joint venture interests in two development properties in Toronto, Ontario.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, is the sponsor of SST VI and also sponsors other self storage programs. As of September 20, 2022, SmartStop has an owned or managed portfolio of 175 operating properties in 22 states and Ontario, Canada, comprising approximately 120,000 units and 13.6 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

David Corak
VP of Corporate Finance

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Harden and Walmart Canada investing to build 457,000 square foot fulfillment centre at Le Campus Henry Ford in Vaudreuil-Dorion, Quebec

September 21, 2022 By Business Wire

VAUDREUIL-DORION, Quebec–(BUSINESS WIRE)–Harden and Walmart Canada announced today their plans to build Walmart’s Quebec fulfillment centre, located in Vaudreuil-Dorion. The ±457,000 square foot building is part of Harden’s new industrial park, Le Campus Henry Ford, with Walmart Canada as its first tenant. The new facility, currently slated to open in 2024, will offer better product availability and quicker service for Walmart’s customers.


“We’re extremely excited to be working with Walmart on this project” said Tyler and Chris Harden, Co-Chief Executive Officers of Harden. “This fulfillment centre is a testament to the commitment and belief Walmart Canada has to the market of Vaudreuil-Dorion and to the province of Quebec. We are thrilled to see this market flourish as a logistic hub and continue to be rooted by our values of continued growth in the communities we work in.”

“This important investment is the latest example of Walmart’s commitment to Quebec,” said Cyrille Ballereau, Walmart Canada Regional Vice President for Quebec. “We are investing for growth in Quebec and creating jobs for Quebecers to better serve our customers. Quebecers will see refreshed stores, quicker service and more options available in-store and online. When Quebecers choose Walmart, they are choosing to support a retailer that supports Quebecers.”

Quebec fulfillment centre

  • The Quebec fulfillment centre, to be located in Vaudreuil-Dorion, will be approximately 457,000 square feet in size, serving as a delivery hub for millions of customer orders in Quebec and Atlantic Canada.
  • The facility will be powered by cutting-edge logistics technology to achieve productivity with less physical effort by using innovative technology.
  • This platform will speed up order fulfillment through an advanced operating system that will help associates store, pick and sort items by using smart and flexible storage abilities to manage a large and wide variety of inventory.
  • Capable of shipping 20 million items annually from the facility to local customers.
  • Capable of storing 500,000 items to fulfil direct to home and in-store pickup orders.
  • Designed to optimize packaging, minimize waste and reduce transportation costs.
  • Creating approximately 225 new jobs in Quebec, plus construction and engineering jobs.
  • Individuals can apply for jobs at the fulfillment centre at https://careers.walmart.ca/.

“We know these are challenging times for our customers. That’s why we are proud to be making significant investments in Canada to deliver the very best shopping experience,” said JP Suarez, Executive Vice President, Chief Administration Office and Regional CEO for Walmart International, who is also leading Walmart Canada on an interim basis. “We are building a better Walmart Canada to help more Canadians save money and live better. As the cost of living rises, Canadians can trust Walmart to be that convenient, one-stop shop for everyday low prices.”

Walmart Canada is the first tenant at Le Campus Henry Ford, located in Harden’s new industrial park in Vaudreuil-Dorion, which is easily accessible by Highways 20, 30 and 40 and strategically located to cater to the Quebec and Atlantic markets, in addition to the northeastern United States.

Le Campus Henry Ford features five additional buildings to be constructed and available rental spaces totalling approximately 500,000 square feet for prestige and logistic uses, with a specific focus on fulfillment and distribution centres.

For more details regarding Le Campus Henry Ford, ongoing Harden projects or the brand, please visit https://www.harden.ca/.

Harden

Established in 1985, Harden is a second-generation family-owned real-estate company whose primary objective is to own and operate commercial, residential, and industrial properties in numerous communities throughout the provinces of Québec and Ontario. Its vertical integration allows it to specialize in all facets of the real-estate development process, including development, construction, leasing, and property management.

For more information on Harden, visit www.harden.ca.

About Walmart Canada

Walmart Canada operates a chain of more than 400 stores nationwide serving 1.5 million customers each day. Walmart Canada’s flagship online store, Walmart.ca, is visited by more than 1.5 million customers daily. With more than 100,000 associates, Walmart Canada is one of Canada’s largest employers and is ranked one of the country’s top 10 most influential brands. Walmart Canada was recently recognized as a LinkedIn Top Company of 2022 and was also named one of Canada’s most popular brands (based on Google searches). Walmart Canada has made a commitment to regeneration – focusing on equitable opportunity, sustainability, community, ethics and integrity. Since 1994, Walmart Canada has raised over $500 million to support communities across Canada. Additional information can be found at walmartcanada.ca and on Walmart Canada’s social media pages – Facebook, Twitter, Instagram and LinkedIn.

Contacts

Media Contacts :

Tia Giannone

Torchia Communications

514-999-1732

tia@torchiacom.com

Penelope Carreau

Torchia Communications

514-984-6123

Penelope@torchiacom.com

Fisker and Wallbox Partner Globally for Home EV Charging Solutions

September 21, 2022 By Business Wire

  • Wallbox is Fisker’s global partner for home EV charging solutions
  • Wallbox home chargers will be available for purchase in U.S., Canada, and Europe through the Fisker website
  • Wallbox will offer installation services in Europe and North America

LOS ANGELES–(BUSINESS WIRE)–#EVs–Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – and Wallbox (NYSE: WBX), a leading provider of electric vehicle and energy management solutions worldwide, name Wallbox as Fisker’s global partner for home EV charging solutions.


Fisker and Wallbox are partnering to offer Fisker EV owners Wallbox home EV chargers for purchase through the Fisker website in the U.S., Canada, and European launch markets. The Pulsar Plus, Wallbox’s best-selling charger worldwide and one of the smallest smart universal EV chargers, will be available to the North American market through Fisker.

In Europe, Fisker will be the first OEM to offer Wallbox’s Pulsar Max charger, providing localized charging solutions to drivers in seven European countries. Like Pulsar Plus, Pulsar Max delivers top charging speeds and offers the full Wallbox energy management suite, including solar charging, so users can enjoy their EVs to the fullest.

Both chargers display customized Fisker and Wallbox logos and can be installed in homes, offices, and multi-unit dwellings to provide straightforward and efficient charging.

“Fisker is laser-focused on giving our customers simple and intuitive technology combined with clever design to make owning an EV easier. Together with Wallbox, we are providing class-leading, competitively priced chargers for Fisker owners,” Chairman and CEO Henrik Fisker said. “Wallbox’s track record of delivering well-designed, innovative, and dependable charging systems on a global scale makes the partnership a perfect fit for our customers and our business.”

“Making home charging accessible is key to accelerating the transition to EVs globally, and partnering with Fisker will allow us to support more drivers as they make the transition,” said Douglas Alfaro, General Manager of Wallbox North America. “There is a natural alignment between our two brands, so we are excited to announce our partnership with Fisker.”

Fisker and Wallbox also plan to offer home installation services provided by Wallbox in Europe. In the U.S. and Canada, installation services will be provided by COIL, a recent Wallbox acquisition.

Wallbox Pulsar Plus smart chargers will be available to Fisker Ocean reservation holders starting November 2022 in the U.S. and Canada. Wallbox Pulsar Max smart chargers will be available to Fisker Ocean reservation holders starting November 2022 in our European launch markets: Austria, Denmark, France, Germany, Norway, Sweden, and The United Kingdom. Pricing to be announced.

The Fisker Ocean, Fisker’s ground-breaking all-electric SUV, is available in three trim levels: Extreme, Ultra, and Sport. The top trim Fisker Ocean Extreme travels 350 miles1 on a single charge, with dual-motor, all-wheel-drive, three driving modes, Revolve 17.1″ rotating screen, SolarSky roof, California Mode, Smart Traction, and many first-to-market safety features, including the world’s first digital radar, all for $68,9992 in the U.S.

Production of the Fisker Ocean is on track for November 17, 2022, at a carbon-neutral factory in Graz, Austria. Deliveries to customers will begin shortly after.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by the vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.

About Wallbox

Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 100 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs approximately 1,100 people in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.com.

Fisker Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, the quotation of our CEO, the timing of the availability of smart chargers, the statements regarding the planned launch timing and delivery, pricing and estimated range of the Fisker Ocean, the Company’s future performance, and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed-upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Annual Report on Form 10-K, under the heading “Risk Factors”, filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

1 Based on Fisker simulations. Actual results vary with conditions such as external environment and vehicle use. Official EPA and WLTP ratings are forthcoming.

2 Pricing shown is for the continental U.S. and excludes delivery, finance, and government charges. Maintenance is not included. Pricing depends upon specifications and options chosen by customers as they configure the actual vehicle closer to production. Pricing does not include various state and federal incentives and benefits which may be available.

Contacts

Photo credit: Michael Muller

Fisker Contact:

U.S. Media

Fisker@GODRIVEN360.com

European Media:

Press.europe@fiskerinc.com

Customer service:

Support@fiskerinc.com

Fisker Inc. Communications:
Matthew DeBord

Sr Director, Communications Strategy & Storytelling

mdebord@fiskerinc.com

Rebecca Lindland

Director, Communications

rlindland@fiskerinc.com

Fisker Inc. Investor Relations:

Frank Boroch

VP of Investor Relations

fboroch@fiskerinc.com

Wallbox Contact:

Public Relations:

Elyce Behrsin

Public Relations

Press@wallbox.com
+34 622 513 358

Investor Relations:

Matt Tractenberg

VP, Investor Relations

Matt.Tractenberg@wallbox.com
+1 404-574-1504

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