STOCKHOLM, Feb. 1, 2023
/PRNewswire/ -- Loomis has signed an agreement with Xos, Inc.
(NASDAQ: XOS) for the delivery of 150 armored electric vehicles
(EVs) for the US market. By the end of 2022, Loomis had 20
armored EVs in the US from the same supplier, that successfully met
the high-performance requirements in terms of safety, range and
weight.
With the ambition to be the leading sustainable business partner
in the industry, the transformation of Loomis' vehicle fleet is
necessary. Loomis' largest climate impact comes from transportation
and the company is therefore committed to reducing its fleet
emissions. This order for additional EVs in the US is an important
step to reduce the dependency on fossil fuels.
"We have made a commitment to reduce the carbon emissions from
our business and have set out to lead the transformation in the
industry. By significantly increasing the number of EVs in the US
operations, we are on our way to both reducing our own emissions
and helping our customers reach their targets while maintaining our
high security standards," says Aritz Larrea, President and CEO. "We
are proud that our collaboration with Xos puts us at the forefront.
We will continue to partner with suppliers to find innovative
solutions to reduce our carbon footprint while ensuring the safety
of our employees and customers."
Loomis' sustainability targets are integrated into the business
strategy and in the financing of the company. Loomis has issued
Sustainability-linked bonds since 2021 under a
Sustainability-Linked Finance Framework, with a linked target to
reduce absolute carbon emissions by 20 percent by the end of 2025,
compared with the 2019 level.
"Working with the industry-leading Loomis team for the last four
years has been a pivotal highlight in our mission to help all
fleets make the move to battery-electric operations," says
Dakota Semler, Chief Executive
Officer at Xos.
The ordered vehicles will be delivered gradually during the year
and entered into operations from the second half of 2023. As the
vehicle fleet is renewed globally, Loomis will continue to invest
in electric and hybrid vehicles, as well as switch to lighter and
safer vehicles.
This press release is also available on the company's website,
www.loomis.com
February 1, 2023
CONTACT:
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Jenny Boström
Head of Investor Relations
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
The following files are available for download:
https://mb.cision.com/Main/51/3706809/1818778.pdf
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Loomis orders 150
electric armored vehicles from Xos for the US market
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SOURCE Loomis AB