Rockwell Automation Announced Strategic Agreement with Start-Up ZEVx to Accelerate the Adoption of Commercial Electric Vehicles; Terms Not Disclosed

Rockwell Automation, Inc. (NYSE:ROK), the world's largest company dedicated to industrial automation and digital transformation, and ZEVx, Inc. (formerly Zero Electric Vehicles), announced today a three-year strategic agreement to work together to use advanced technology to accelerate the adoption of Electric Vehicles (EVs). ZEVx, specializes in the electrification of small and medium duty fleet vehicles, converting its customers' customized Internal Combustion Engines (ICE) to EVs in one day. By leveraging Rockwell Automation's solutions, and a network of legacy automotive service partners, ZEVx will be able to assemble specialized kits for their customers' fleets to accelerate the pace of conversions. To best capture the in-house expertise needed for its legacy automotive service partners to utilize the company's ICE to EV conversion kits in the most efficient manner, ZEVx has made the strategic decision to leverage Vuforia Expert Capture, a FactoryTalk Innovation Suite solution powered by PTC. This technology will allow for the imperative distribution of knowledge to ZEVx's partners, ultimately increasing the overall rate of conversion from ICE to EV and accelerating the time to market. Additionally, utilizing Vuforia Expert Capture will help ZEVx to ensure consistency among its partners as they perform conversions for customers. In addition, Vuforia Chalk, an Augmented Reality (AR) remote assistance application, will help ZEVx collaborate in the ever-evolving EV environment. This innovative solution is a powerful collaboration and communication tool that provides real-time assistance to technicians facing complex or unfamiliar challenges. Vuforia Chalk delivers faster resolution without the time and expense of expert travel or repeat technician visits. "The Electric Vehicle revolution is here, and Rockwell Automation is proud to offer innovative start-up companies like ZEVx the advanced technology needed to accelerate the manufacturing and distribution of their EV powertrain kits while maximizing safety and production efficiency," said John Kacsur, vice president, enterprise accounts, auto & tire, Rockwell Automation. "The Vuforia solutions provide companies, from start-ups to established automakers, the tools and technology needed to enhance information-driven operations, thereby ensuring faster production, decreasing downtime, and saving valuable resources." Charles Maury, founder and chief data officer, ZEVx, stated, "Working with the Rockwell Automation team has been incredibly beneficial to the ZEVx production team. Rockwell Automation understands ZEVx's vision to adopt advanced manufacturing techniques that will further optimize powertrain kit production and configurability. We look forward to our continued collaboration and learning from Rockwell while we rapidly expand global powertrain kit deliveries."