Forza X1 Inc (FRZA)

[StockLogistics]

I hope they can start water testing soon

“8:54a ET 8/26/2022 - Dow Jones
Forza X1 to Start Construction of Electric Boats Next Week

By Will Feuer

Forza X1 Inc. said its fiberglass molds have arrived at its Fort Pierce, Fla., facility and the company would begin construction next week on its first FX1 fully electric boat.

The boat would be powered by two American Battery Solutions lithium-ion batteries, Forza said. Forza said it partnered with Garmin Ltd. to design the helm for the boat with centralized traditional standard controls.

"We feel confident that our first FX1 will be completed and begin water testing in Q4 2022," Chief Executive Jim Leffew said. "Subsequent versions are anticipated to follow soon afterward, allowing us to do sustained full systems testing. The FX1 will be sold and delivered to our customers once Forza X1 is in full production of our FX1."

Write to Will Feuer at [e-mail]

(END) Dow Jones Newswires

August 26, 2022 08:54 ET (12:54 GMT)
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