Romeo Power Supplies Batteries Becomes the Leader in Powertrain Performance Products

LOS ANGELES–(BUSINESS WIRE)–Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader providing advanced electrification solutions for complex commercial vehicle applications, today announced that the Company supplied batteries to a leader in powertrain performance products.

“We are delighted to supply Romeo batteries to an established aftermarket provider, marking another encouraging milestone that supports our growth trajectory,” said Susan Brennan, President and CEO of Romeo Power. “The higher energy density of our batteries is a natural choice for anyone looking to optimize the performance of an electric powertrain. The sale of aftermarket solutions is part of our business strategy to support vehicle electrification at all stages of a vehicle’s life cycle and is a strong indicator of our efforts to expand the application of our tip in the growing spectrum of vehicle electrification opportunities.

“Our customers’ diverse portfolio of premium products to enhance utility and performance vehicles is an exciting opportunity to showcase the superiority of Romeo’s technology. Our batteries deliver the power and energy needed, while remaining lightweight and compact to complement our customers’ innovative product line,” added Brennan.

About Romeo Power, Inc.

Founded in 2016 and based in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader providing advanced electrification solutions for complex commercial vehicle applications. The company’s suite of advanced battery electric products, combined with its innovative battery management system, provides the safety, performance, reliability and configurability its customers need to succeed. To keep up with all of Romeo Power, follow the company on social media, @romeopowerinc or visit RomeoPower.com

Forward-looking statements

Certain statements in this press release may constitute “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”, “forecasts”, “expects”, “anticipates”, “plans”, “projects”, “intends”, “believes”, “seeks”, “may”, “will” , “should”, “future”, “propose” and variations of these words or similar expressions (or negative versions of these words or expressions) are intended to identify forward-looking statements. Such forward-looking statements, including, without limited to, express or implied statements regarding Romeo Power’s ability to develop or sell new products, or seek customers in new products or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safety, efficient, affordable, and durable electrical products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will meet contractual purchase commitments within time currently anticipated are not guarantees of 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 Romeo’s management. Power, which could cause actual results to differ materially from those discussed in the forward-looking statements. Important factors, among others, that could affect actual results or results include: Romeo Power’s ability to execute its plans to develop and commercialize new products and the timing of such development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need and ability to obtain additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; battery cell demand and supply shortages; the potential effects of COVID-19; and general economic and market conditions affecting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize, or if our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. except as required by law.

Romeo Power Inc.

Rosemary C. Kearney