Fully Enclosed Cabs Equipped with Heating and Air Conditioning Ensure Usability and Protection in all Weather Conditions
GARLAND,Texas,Dec. 18,2024 -- Massimo Group(NASDAQ: MAMO) ("Massimo"),a manufacturer and distributor of powersports vehicles and pontoon boats,today announced the launch of the MVR HVAC Golf Cartand MVR HVAC Utility Carts,the latest additions to the popular MVR Series of electric carts. Designed to deliver exceptional comfort and performance,these models feature fully enclosed cabs equipped with heating and air conditioning,ensuring usability and protection in all weather conditions. This marks the first release of the MVR HVAC and MVR HVAC Utility models,with future releases to include updated styling and technology expected later this year.
Massimo MVR HVAC Utility,left,and MVR HVAC,right
MVR HVAC: Comfort for Recreation and Work
The MVR HVAC model sets a new standard for electric carts,offering a combination of cutting-edge features and luxurious comfort. This model is ideal for golf courses,residential neighborhoods,and light-duty work,as well as for sporting or recreational activities where quiet operation is a priority.
Key Features Include:
Powerful 48V 5kW Motor: Delivers smooth,quiet performance.
Fully Enclosed Cab withHVAC: Provides heating and air conditioning for year-round comfort,whether on hot summer days or cold winter mornings.
12 Inches of Ground Clearance:Ensures versatility across various terrains.
Oversized 14-Inch Wheels: Offers stability and durability.
Custom-Stitched Marine-Grade Vinyl Seats:Combines luxury with practicality.
Side Mirrors and Rearview Camera:Enhances safety and convenience.
LEOCH Sealed AGM Batteries: Offers up to a 45-mile rangeper charge with minimal maintenance.
Full LED Light Package: Improves safety and visibility.
800-Pound Load Capacity: Handles passengers,cargo,or both,with ease.
MVR HVAC Utility: Built for Work
The MVR HVAC Utilitymodel includes all the premium features of the MVR HVAC while adding a large,heavy-duty metal dump bed. This makes it an ideal choice for commercial applications,including ranches,farms,and groundskeeping operations,where the ability to carry and unload materials is essential.
Utility-Specific Features:
Large Dump Bed:Built for heavy-duty tasks,with easy unloading capabilities.
Enhanced Commercial Appeal:Ideal for businesses prioritizing employee safety and comfort in extreme weather conditions.
Meeting Growing Demand for Electric Carts
The new MVR HVAC models respond to the rising demand for electric low-speed vehicles in both recreational and commercial markets. With their quiet operation,rugged design,and advanced features,these carts are well-suited for individuals,businesses,and municipalities seeking efficient and environmentally friendly solutions.
In addition to this initial launch,Massimo Motor plans to expand the MVR HVAC line to include models powered by Lithium-Ion batteries,offering lighter weight,extended range,and even greater performance.
David Shan,CEO of Massimo Motor,stated:
"The launch of the MVR HVAC Golf Cart and Utility Carts highlights our commitment to innovation and customer satisfaction. By integrating heating and air conditioning into our electric carts,we are delivering exceptional comfort to a wide range of users. Golf lovers can enjoy using this model to extend their season for more playing time each year and commercial users can have more comfortability year-round. Whether it is a family enjoying a quiet ride or a business ensuring their employees are protected from the elements,we believe these models represent the future of electric carts."
Driving Investor Confidence Through Innovation
Massimo Motor's dedication to developing advanced,feature-rich products continues to strengthen its position as a market leader in the electric vehicle segment. The introduction of the MVR HVAC Golf Cart and HVAC Utility Carts is a testament to the company's forward-thinking approach,ensuring it meets the evolving needs of its customers while capturing a larger share of the growing electric cart market.
With an extensive network of over 2,800 partners nationwide,Massimo Motor ensures its products are accessible to customers across the U.S.,positioning the company for sustained growth and delivering value to its customers and investors.
About Massimo Group
Massimo Group(NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009,Massimo Motor believes it offers some of the most value packed UTV's,off-road,and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs,recreational ATVs,and Americana style mini-bikes. Founded in 2020,Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design,quality craftsmanship,and great customer service. Massimo Group is also developing electric versions of UTVs,golf-carts and pontoon boats. The company's 376,000 square foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information,visit massimomotor.com and massimomarine.com.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases,you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs,future operations,market positions,business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions,many of which are beyond the control of Massimo,including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended December 31,2023,as updated by Massimo's subsequent filings,with the SEC. Copies are available on the SEC's website,www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release,except as required by law.
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
Investor Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
