Senior Appointment to Build on Early Success to Spearhead National Commercialization Effort
BOSTON, MA / ACCESSWIRE / November 1, 2022 / ev Transportation Services Inc. ("evTS"), an electric vehicle manufacturer focused on the essential services and urban e-mobility markets, today announced it has appointed Jeffery Ritz as Chief Operating Officer, effective immediately, responsible for overseeing operations at its Fort Worth, Texas assembly facility and driving forward the Company's national commercialization efforts.
Jeffery Ritz is a respected operating executive with over 30 years of experience in all aspects of P&L management with both publicly traded and venture-backed enterprises. Previously Mr. Ritz was CEO and President of Presidium USA, where he spearheaded the transformation from incubator to full commercialization of a venture-backed materials company disrupting the $30B composites industry. Prior to Presidium, Mr. Ritz held leadership positions at General Electric, AlliedSignal, Fidelity Investments, and Senior Living NOI. Mr. Ritz holds an MBA from the Kellogg School of Management, a Master's of Operations Management from the McCormick School of Engineering at Northwestern University, and Bachelor of Science in Mechanical & Aerospace Engineering from Clarkson University.
"Jeffery brings comprehensive operating experience and an impressive track record of achieving measurable results spanning both public and venture-backed organizations nationally," said David Solomont, evTS Chairman and CEO. "I welcome Jeffery, whose proven ability to steer innovation and build high-performing teams will help to accelerate our growth trajectory as we begin to scale assembly operations of the pure-electric FireFly ESV at our Fort Worth facility."
Ritz added: "It is truly a privilege to join evTS at such an exciting time in the Company's history, as we begin to scale production and deliver vehicles to forward-thinking customers nationally. I am eager to leverage my expertise to optimize production efficiencies and drive growth, positioning the company for continued success as it enters the national stage."
About evTS
ev Transportation Services Inc. ("evTS") is a specialty vehicle manufacturer that produces purpose-built, Pure-Electric lightweight commercial utility vehicles and provides fleet management solutions. Founded in 2015, the Boston-based company's flagship product, the FireFly ESV is aimed at the essential services transportation and urban e-mobility markets, which represent an annual domestic replacement market of approximately 185,000 vehicles, worth roughly $7 billion annually. End user applications for the Company's vehicles include parking management, security and perimeter patrol, parks and sidewalk maintenance, utility meter reading, property and building management, airports, seaports, sanitation, university and corporate campuses, and last mile on-demand urban delivery. For more information, visit the Company's website at www.evTS.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Investor Relations Contact
Lucas Zimmerman
Director
MZ Group - MZ North America
949.259.4987
investors@evTS.com
www.mzgroup.us
Company Contact
Paul Barrett
VP of Marketing and Product
ev Transportation Services, Inc.
Boston, Massachusetts
202.347.3359 x106 Office
media@evTS.com
www.evTS.com
SOURCE: ev Transportation Services, Inc.
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