FORT PIERCE, FL / ACCESSWIRE / August 30, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today that the Company's Executive Chairman and Chief of Product Development, Joseph Visconti, is featured in Jupiter and Stuart Magazines' 2023 "Ones to Watch" List in their September 2023 issues. The annual list showcases local individuals who are making significant strides in their respective fields and are poised to create a lasting impact on their community. Written by Valerie Staggs, the articles also discuss the inception of Forza X1, Inc., a company "creating electric boats for the mass market."
Staggs describes how Forza electric boats are designed to "not only have significantly less impact on the environment, but also offer a better boating experience." Electric motors are quieter than traditional combustion motors and use 90 percent fewer moving parts, making them more efficient and economical to manufacture.
The article also mentions the Company's intention to open a new facility in North Carolina next year, with the goal of eventually putting 1,000 electric boats on the water every year. Says Visconti: "I want to build the leading mass-production electric boat company in the world."
About Forza X1, Inc.
Forza X1, Inc.'s mission is to inspire the adoption of sustainable recreational boating by producing stylish electric sport boats. We are focused on creating, implementing and selling electric boats utilizing our electric vehicle technology to control and power our boats and proprietary outboard electric motor. Our electric boats are being designed as fully integrated electric boats including the hull, outboard motor and control system. For more information, please visit forzax1.com.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the Company's plans to open a new facility in North Carolina next year, eventually putting 1,000 electric boats on the water every year and building the leading mass-production electric boat company in the world. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to open its new facility in North Carolina as planned, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.
SOURCE: Forza X1, Inc.
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