Latest news with #EAI
Business Wire
6 days ago
- Automotive
- Business Wire
FFAI Marks Fourth Anniversary of Nasdaq Listing with Commitment to Accelerate FX Product Execution and Delivery, Uphold 'Stockholders First' Principle, and Continue the Counterattack Against Potential Illegal Short Selling
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced the celebration of its fourth anniversary as a publicly listed company on Nasdaq. Marking this milestone, the Company reaffirmed its commitment to driving breakthroughs in both its business and capital fundamentals. FF also pledged to accelerate the execution and delivery of products under its second brand, FX, while advancing its dual-brand strategy. Upholding its 'Stockholders First' philosophy, the Company remains focused on delivering greater value to stockholders by expediting efforts to win the Counterattack Against Potential Illegal Short Selling and maximizing stockholder interests. Faraday Future Marks Fourth Anniversary with a Reversal in Both Business and Capital Fundamentals Since its successful listing in 2021, FF has remained focused on disruptive innovation in the intelligent electric mobility ecosystem and is now advancing from the AIEV era to the next-generation EAI EV era. Following the return of the founding team—including Founder YT Jia—in April this year, the Company has implemented a comprehensive 'Ten Punch Combo' transformations, achieving a qualitative leap across key areas such as product development and delivery, manufacturing, supply chain, brand building, organizational governance, and system and capability buildup. On July 17, FF successfully unveiled in Downtown Los Angeles the FX Super One, alongside the Super EAI F.A.C.E. (Front AI Communication Ecosystem), and the FF EAI Embodied AI Agent 6x4 Architecture. The debut of the FX Super One made a striking market impression, fundamentally redefining the traditional luxury executive mobility experience long dominated by models such as the Cadillac Escalade. Compared to where the Company stood at the time of its IPO four years ago, FF has now achieved a dual turnaround in both business and capital fundamentals. The Company has established a strategic framework centered around dual home markets and dual DNA in U.S. and China, while also deploying its 'Third Pole' in Middle East. Through consistent delivery on its promises, more transparent communications, and a proactive and pragmatic corporate culture, FF has regained a vote of confidence from its stockholders. Since its debut, the FX Super One has attracted significant market attention, with over 10,000 paid pre-orders from both B2B and B2C customers. FF continues to refine its Co-Creation Ecosystem Online Direct Sales system, expand its multi-channel sales strategy, and elevate brand influence. The Company's 'B2B2C' co-creation ecosystem model now covers five core sectors: FX Par (Partners), car rental companies, live e-commerce MCN agencies, real estate brokerages, and home office industry. On July 21, the Company also announced a strategic partnership with HabitTrade, a global multi-market brokerage and digital asset infrastructure platform. Through this collaboration, FF seeks to build an integrated ecosystem combining EAI mobility, Web3, blockchain technology, crypto, and stablecoin applications. This initiative aims to bridge Web2 and Web3, connect on-chain and off-chain value flows, and expand the convergence between the real and virtual economies—creating new value for both users and the industry. In addition, the Company recently completed a new round of financing commitment totaling $105 million, which is expected to nearly cover the launch requirements of the FX Super One. Global institutional investor BlackRock has increased its holdings in FFAI for four consecutive quarters, reaching 5.39 million shares, signaling growing recognition and confidence among top-tier capital in the outlook of both FF and FX. Initial Victory in the Counterattack Against Potential Illegal Short Selling; FF Reaffirms Its Commitment to Protecting Stockholder Interests Since the appointment of Founder YT Jia as FF's Co-CEO, the Company has achieved initial success in its efforts to combat potential illegal short selling. The Company previously issued a public update on the identified illegal short selling and online market manipulation targeting FFAI, noting that certain individuals and online accounts involved had issued public apologies and taken down all content suspected of contributing to such manipulative activities. Recently, the Company identified additional indications of potential illegal short selling and the deliberate dissemination of false or misleading information aimed at disrupting the market. FF has issued a legal letter to the parties involved and reserves all rights to pursue legal remedies. On the occasion of its fourth anniversary as a publicly listed company, FF reaffirms its unwavering commitment to the 'Stockholders First' philosophy and its effort to continue to closely monitor the market for signs of potential illegal short selling and will take all necessary legal and regulatory actions to defend the rights and interests of its stockholders. Any attempts to undermine FFAI or harm investor interests will be met with appropriate consequences. FF also calls on regulators and the broader investment community to remain vigilant against such bad-faith efforts to distort capital markets. The Company urges collective resistance against the malicious attacks and defamatory campaigns launched by irresponsible entities targeting innovative enterprises. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes '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 'plan to,' 'can,' 'will,' 'should,' 'future,' 'potential,' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Super One MPV, Super EAI F.A.C.E., and EAI Embodied AI Agent 6x4 architecture, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; uncertainties regarding the Company's legal remedies related to illegal short selling, market manipulation, or false information, and the unpredictability of judicial interpretations or regulatory responses; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.
Digital Trends
21-07-2025
- Automotive
- Digital Trends
Faraday's latest EV has a massive screen instead of a grille, with its own AI avatar
What is it? The Faraday FX Super One is an upcoming, fully-electric MPV from auto maker Faraday Future, aimed at giving you a luxury car without a huge price tag. It's set to be a direct rival to the Cadillac Escalade, and come packed with AI features – including a huge exterior digital screen which replaces the traditional grille and displays your own AI agent. I'm sorry, what? According to Faraday, the Super One will redefine our experience with automobiles, with AI deeply integrated throughout the vehicle. The 'Super EAI F.A.C.E. (Front AI Communication Ecosystem) System', the clunky moniker for the display slapped on the front of the Super One, will give your vehicle a unique 'face', with the ability to express emotion. Recommended Videos This face will apparently be able to 'communicate' with the world around it and represent you. What that means in practice remains to be seen, but it's certainly an interesting feature – if not rather odd. Why should I care? There's seemingly no escaping the onslaught of AI in our lives, and manufacturers the world over are looking for new and innovative ways to integrate artificial intelligence into products. Faraday's AI offering in the FX Super One does appear to be particularly left field currently, but this might be a glimpse of what's to come more widely in the future. There's the choice of four, six and seven seat configurations, plus an AI-optimized hybrid extended range option will be available at a later date if the fully-electric model isn't for you. The four seater 'GOAT Edition' configuration is aimed at the rich and famous, with suspended zero-gravity seats feature ventilation, heating and 10-point massage. The 6 and 7-seater editions are more traditionally styled for business and family life. So what's next? Well, if the FX Super One has peaked your interest to can head over to the Faraday site and place a $100 (fully refundable) deposit to book your place in line. We don't know how much it will cost or when it'll be available, nor do we have any meaningful specs yet, all we know is the firm has said it'll offer 'tech luxury without the $300k price tag'. Faraday has openly said it's looking to challenge the Escalade, and the all-electric Escalade IQ starts at $130,000 – we'd expect the FX Super One to be in that sort of ballpark too. That's not exactly cheap then, but the firm has a budget EV in the works as well. However, don't get your hopes up too much. There's no guarantee the final vehicle will actually make it to market, as Faraday has a laundry list of factors 'that may affect actual results or outcomes.' Faraday says it still needs to 'to secure regulatory approvals for the proposed Super One front grille', says it hasn't yet secured the 'necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere'. We'll have to wait and see if the Faraday FX Super One can challenge the best luxury EVs and best electric SUVs then.
Associated Press
30-06-2025
- Business
- Associated Press
EAI Water Expands into the Southeastern United States with Strategic Acquisition of LaMotte Water Management
WILLIAMSBURG, Va.--(BUSINESS WIRE)--Jun 30, 2025-- Economic Alternatives, Inc. (EAI Water) a leading provider of custom-engineered water treatment solutions, is proud to announce its acquisition of LaMotte Water Management, a leading water treatment company out of Williamsburg, Virginia. This strategic acquisition marks EAI's latest expansion of personalized, client-focused service into the Mid-Atlantic region and strengthens its position as a coast-to-coast leader in industrial water treatment services. Founded in 2007 by Lex LaMotte, LaMotte Water has established itself as a reliable partner for commercial and industrial clients throughout the Mid-Atlantic. Guided by Lex's decades of experience in the industry, the LaMotte Water team is known for their reliable, consistent and personalized approach – with a focus on delivering unparalleled results and best available technology solutions. By partnering with the EAI team, LaMotte Water will maintain its commitment to trusted solutions and exceptional customer service, while also expanding their capabilities through enhanced service offerings and a broader range of technologies and support infrastructure. Together, the two companies are well-positioned to address the full range of water-related needs and opportunities in the market. The acquisition of LaMotte Water represents EAI's second strategic expansion in 2025, extending its proven Total Water methodology to hundreds of new commercial and industrial customers across the Mid-Atlantic. LaMotte customers will immediately benefit from EAI's Total Water service capabilities, expanded chemical inventory, and access to proprietary membrane and disinfectant solutions, while maintaining the personalized service they've come to expect from the LaMotte Water team. 'Since 2007, the LaMotte Water team has been committed to providing reliable, consistent, and personalized service to our customers. By partnering with EAI Water, we're enhancing our ability to deliver on that promise with an expanded team, a stronger support system, and expanded equipment manufacturing service for our ozone specialty. I'm excited to support EAI's growth into the Mid-Atlantic region and look forward to building the service capabilities for our customers,' said Lex LaMotte, founder of LaMotte Water. 'There are very few Lex LaMottes in the world today, and we are excited to welcome him, his expertise, and his team into the EAI family,' said Michael Warady, CEO of EAI Water. ' The LaMotte Water and EAI Water partnership represents a merger of two great companies and we're looking forward to how we can better serve our customers, and the broader water industry, with our expansion into the Mid-Atlantic region.' For more information about EAI and its services, visit For more information about LaMotte Water, visit About EAI Water EAI Water, headquartered out of Walnut, CA, is an industry-leading water solutions provider that provides a full-range of services and technologies geared towards managing customer's water quality and operational performance. EAI has brought the best water treatment technologies and customer service to its clients across California, Arizona, Nevada, Utah, Washington, and Ohio since 1986. EAI's proprietary chemical, membrane, and disinfectant technologies are deployed as part of their Total Water approach, to save customers water, money, and ensure long-term operational excellence. The EAI team calls upon these proven solutions, applied uniquely, to ensure that customers have the highest uptime, lowest water consumption, and most effective solutions in the market. About LaMotte Water Since 2007 LaMotte Water has specialized in consulting and servicing water treatment systems for cooling towers and boilers using chemicals and green technology. The LaMotte team services customers throughout the Mid-Atlantic region including Virginia, North Carolina, Maryland, Washington D.C., and other strategic locations around the country. View source version on CONTACT: Media Contact: Michael Kerper, VP EAI Water Phone: 951-272-8200 Email:[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA VIRGINIA INDUSTRY KEYWORD: ENVIRONMENT CONSTRUCTION & PROPERTY UTILITIES CHEMICALS/PLASTICS BUILDING SYSTEMS MANUFACTURING GREEN TECHNOLOGY OTHER NATURAL RESOURCES ENERGY NATURAL RESOURCES SOURCE: Economic Alternatives, Inc. Copyright Business Wire 2025. PUB: 06/30/2025 10:04 AM/DISC: 06/30/2025 10:04 AM
Yahoo
29-05-2025
- General
- Yahoo
Inmate escapes from Johnson County work release, considered ‘dangerous'
KANSAS CITY, Mo. — An inmate of the Kansas Department of Corrections escaped Wednesday night and is considered dangerous, according to the department of corrections. Anthony Mansfield was placed on escape status at around 10 p.m. on Wednesday after failing to show up for work or return to the Johnson County Department of Corrections Adult Residential Center. Download WDAF+ for Roku, Fire TV, Apple TV Mansfield is a 36-year-old white man who the department says is considered dangerous. According to a news release, he was reported missing when he could not be found at the correction center. Mansfield is 5-foot-8 and weighs 185 pounds with an 'average build,' the department of corrections said. He has brown hair and brown eyes. Mansfield was last seen wearing a white T-shirt with black designs, a long black sleeve undershirt, brown boots, a brown baseball hat and stonewashed jeans. Kansas news: Headlines from Wichita, Topeka and around the Sunflower State Mansfield was convicted in Johnson County for eight months of incarceration for criminal damage to property convictions. Anyone with information on Mansfield's whereabouts can call EAI at 816-266-2102, JCDOC at 913-715-6539, the Kansas Bureau of Investigation at 800-572-7463 or local law enforcement at 911. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
New York Post
16-05-2025
- Health
- New York Post
I spent thousands at doctors before I realized my painful symptoms were because of an embarrassing mistake
Feel the burn. An Australian woman says that she spent a small fortune seeking treatment for painful symptoms, only to realize they were entirely self-inflicted. 'If you ever feel embarrassed about anything, ever, just know that I spent hundreds, if not thousands of dollars, going to dermatologists, doctors, getting biopsies, getting tested for a variety of autoimmune diseases and kidney failure,' Lauren Lily said. Advertisement She was shocked and ashamed to eventually learn that her painful, burning symptoms were the result of one consistent mistake. 3 Lauren Lily Lily was shocked and ashamed to learn that her mysterious symptoms were the result of one consistent mistake. TikTok/laurenla24 'I was actually burning myself with a hot water bottle every single night in my sleep,' she confessed in a TikTok video. When the hot flash of knowledge was delivered, Lily recalled her first appointment with a dermatologist, where his simple question made her incredulous. 'He said, 'Are you sure you're not burning yourself with anything?' And I said to myself, 'No, I would know if I was burning myself. Thank you so much, sir.' Advertisement But it turns out she was wrong and didn't realize her mistake for months. 'And you continue to give yourself third-degree burns where you now have holes in your body because you consistently use the same hot water bottle that was just burning through the cover every night,' she said. Lily's symptoms are consistent with what board-certified dermatologist Dr. Mark Strom calls 'toasted skin syndrome,' a little-known but particularly nasty side effect of heat exposure caused by hot water bottles and heating pads. Advertisement 'Many don't realize that you actually need to be very careful about chronic heat exposure to your skin,' he said. 'Even heat exposure that's not causing any pain at the time or burning, because long-term heat exposure can lead to a permanent rash and discoloration.' 3 Lily's nightly use of a hot water bottle was the surprising source of her symptoms. Piotr Marcinski – This condition is called erythema ab igne, also known as 'EAI,' or 'fire stains.' Advertisement Erythema ab igne — Latin for 'redness from fire' — was once common among bakers, cooks, and industrial workers who were chronically exposed to heat for long periods, as well as people who sat in front of a stove in their homes or by an open fire to get warm. The classic EAI symptom is a rash that forms in a 'lace-like' pattern; it may begin as pink and eventually turn red, purple, or brown. EAI may itch, burn, or tingle and can be difficult to distinguish from rashes caused by skin cancer. 'If you start to notice discoloration on your skin, you want to stop the heat exposure ASAP, hopefully before the discoloration becomes permanent,' said Strom. Middle-aged women, especially those who are overweight, are disproportionately affected by EAI. Treatment usually involves staying away from the heat source. The rash tends to go away on its own. In rare instances, it could cause scarring and raise the risk of skin cancer. Retinoid cream, derived from vitamin A, may help ease symptoms. Lily left off with the hope that her story of unknowing burning would help ease the shame of others: 'So, just don't feel embarrassed is what I'm trying to say.' Advertisement 3 Lily's symptoms are consistent with 'toasted skin syndrome.' cheekylorns – Commenters were quick to commiserate, sharing their humiliating medical emergencies, including many who had made the same hot water bottle misstep. 'This is literally me. It was on my arm and chest, and I went to get tested for autoimmune diseases. Turned out to be my hot water bottle I slept with,' said a fellow burned beauty. 'I thought I had a melanoma, but it was just a bruise from falling asleep on a button,' confessed one viewer. Advertisement 'I went to the doctor as I had a lump on my side and it turned out to be my hip bone,' said another. 'Newly married, new bedding, I developed a rash on my arms and legs. Husband suggests blanket allergy, my snarky reply: 'Nobody's allergic to blankets'. My name must be nobody because I'm allergic to blankets,' shared another.
