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Nikola and Voltera Enter Into a Definitive Strategic Partnership on Hydrogen Station Infrastructure Funding For Up To 50 Stations

Creating the largest North American open-network of commercial hydrogen refueling stations

Published May 2, 2023

PHOENIX and ANAHEIM – May 2, 2023 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and Voltera, a leading provider of critical infrastructure necessary to support the full decarbonization of transportation, announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola’s deployment of its innovative zero-emissions vehicles. Through this strategic partnership agreement, Nikola and Voltera plan to develop up to 50 HYLA stations throughout North America over the next five years. This partnership underpins Nikola’s prior announced plans to develop 60 stations by 2026.

Through this partnership, Nikola and Voltera will create the largest North American open-network of commercial hydrogen refueling stations, providing fuel to vehicles from various manufacturers to accelerate the adoption of zero-emission vehicles. Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise. This partnership will accelerate the deployment of the several billion dollars Voltera plans to invest into EV charging and hydrogen fueling facilities. Together, Nikola and Voltera will develop a reliable and optimal refueling experience.

“Our partnership with Voltera will bring substantial capital and expertise to support Nikola’s plans to build refueling infrastructure to support its customers,” said Carey Mendes, President, Nikola Energy. “Voltera’s expertise in building out zero-emission energy infrastructure will be a key enabler for Nikola’s first-to-market hydrogen fuel cell electric trucks and fueling infrastructure. Nikola and Voltera have a shared commitment to the rapid deployment of infrastructure which is key to enabling the transition to a zero-emission economy.”

“Voltera’s mission is to accelerate the adoption of zero-emission vehicles, by taking on the complex and costly nature of developing the necessary infrastructure,” said Matt Horton, CEO of Voltera. “By partnering with Nikola, we are expanding our focus beyond battery-electric vehicle charging in order to dramatically increase hydrogen fueling infrastructure, reduce barriers for operators buying vehicles at scale to enable mass adoption of hydrogen trucks.”

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

ABOUT VOLTERA
Voltera sites, builds, owns, and operates strategically located, fit-for-purpose EV charging and hydrogen fueling facilities to enable zero-emission vehicle deployment and operation at scale. With equity backing from EQT and plans to invest several billion dollars, alongside a team with deep experience deploying charging assets, proven critical infrastructure expertise and key strategic partners, Voltera is uniquely positioned to help solve the infrastructure challenge and scale zero-emission transportation. For more information, visit www.volterapower.com.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, expectations about the benefits of the partnership between Nikola and Voltera; expectations regarding the respective business model and strategy; the ability of the partnership to develop a reliable and optimal refueling experience; the expectations regarding projected truck builds and related specifications and the timing of delivery of hydrogen electric trucks; the expectations for Nikola’s trucks and market acceptance of electric trucks; These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; slower than anticipated growth of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; and market opportunity, and the other risks and factors detailed from time to time in each of Nikola’s reports filed with the Securities and Exchange Commission, including factors discussed in the Risk Factors in Nikola’s most recent Annual Report on Form 10-K filed with the SEC for the year ended year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
[email protected]

VOLTERA MEDIA CONTACT
Lawren Markle
Gladstein, Neandross & Associates (GNA) for Voltera
424-224-5364
[email protected]

Nikola Expands Presence to Canada with Nikola Tre BEV and FCEV Truck and Hydrogen Mobile Fueler Order from Alberta Motor Transport Association

Published April 25, 2023

PHOENIX and ALBERTA, CANADA. April 25, 2023–Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, announces the expansion of its presence in Alberta, Canada, with the sale of a Nikola Tre battery-electric vehicle (BEV) and a Nikola Tre hydrogen fuel cell electric vehicle (FCEV) to the Alberta Motor Transport Association (AMTA). AMTA is combining this purchase with refueling support, via access to Nikola’s innovative hydrogen mobile fueler.

AMTA will incorporate the new heavy-duty vehicles into its Hydrogen Commercial Vehicle Demonstrations Project. This first-of-its-kind project in Canada officially launched on February 10, 2023, and offers Alberta carriers the opportunity to use and test Class 8 vehicles that operate with hydrogen fuel within their unique operations. These trials will look at the performance of hydrogen-fueled vehicles on Alberta roads, payloads, and weather conditions, while addressing challenges around fuel cell reliability, infrastructure, and vehicle cost and maintenance. Learn more at transformingtransportation.ca.

“AMTA is a leader in helping Canada reach its 2050 net-zero goals and supports the widespread adoption of zero-emissions commercial vehicles,” says Doug Paisley, board chair, AMTA. “We are excited to put these Nikola trucks to work in Alberta and begin collecting performance data, raising awareness to this advanced technology, promoting early adoption, and creating industry confidence in such an innovative technology. AMTA works closely with the industry and its many partners to identify and research opportunities and propose and implement data-driven solutions that meet the needs and challenges of our industry.”

This week’s anticipated delivery of the Nikola Tre BEV, and the expected delivery of the Nikola Tre FCEV by the end of 2023, are critical first steps in selling hundreds of trucks in Alberta, which is a major new market for Nikola and will make a significant impact considering the implementation of one heavy-duty zero-emission truck enables the replacement of one heavy-duty diesel truck. In annual CO₂ emissions, this equates to removing 23 passenger cars from the road annually, based on U.S. EPA data.

“Canada is moving fast to decarbonize the transportation sector by removing diesel trucks from the road to help the environment,” says Michael Lohscheller, President and CEO, Nikola Corporation. “We want Nikola to be in lockstep with leaders like AMTA to accelerate these important market adoption and regulatory policies.”

“Canada is a global climate leader with bold targets for emission reductions,” says Carey Mendes, President, Nikola Energy. “Nikola’s zero-emissions trucks and its plans for building hydrogen infrastructure are aligned with Canada’s goals and underpins a fair share our publicly announced plans for 300 metric-tons of hydrogen supply, with 60 hydrogen stations planned for across North America by 2026. This partnership is just the beginning of bringing hundreds of FCEVs to Alberta and Canada.”

AMTA’s order will be used to help promote further adoption of Nikola’s zero-emissions trucks for a wide variety of trucking companies in Canada. Nikola will support the promotion of these trucks with a Nikola hydrogen mobile fueler to enable early adoption as well as geographic expansion across Canada by providing the support needed to get on the road quickly and seamlessly.

The Nikola Tre BEV has a range of up to 530 km, one of the longest of the battery-electric zero-emission Class 8 tractors. The Tre’s cabover design is ideal for metro-regional applications because it has improved visibility and maneuverability, along with a smooth and quiet ride free of the smell of diesel emissions.

With a range of up to 800 km and an estimated fueling time of 20 minutes (depending on the characteristics of the hydrogen fueling location, including fueling hardware and software protocol, fuel quantity, and fueling conditions), the Nikola Tre FCEV is expected to have among the longest range of all commercially available zero tailpipe emission Class 8 trucks while realizing weight savings when compared to BEV Class 8 trucks with similar range. The Tre FCEV is well-suited for a variety of applications ranging from drayage and intermodal to metro-regional truckload and less than truckload, to certain specialized hauling use cases.

Nikola’s HYLA hydrogen mobile fueler is an innovative, heavy-duty, 700 bar (10,000 psi) hydrogen mobile fueler capable of directly fueling FCEVs.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding each of AMTA and Nikola; expectations related to the environmental benefits derived from the use of Nikola trucks; the expectations regarding Nikola’s potential success in the Canadian market; exceptions regarding projected truck builds and related specifications and the timing of delivery of hydrogen electric trucks; the expectations for Nikola’s trucks and market acceptance of electric trucks; slower than anticipated growth of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; and market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; and the other risks and factors detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including factors discussed under Risk Factors in Nikola’s annual report on Form 10-K for the year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
[email protected]

AMTA MEDIA CONTACT
[email protected]

Nikola Corporation Announces Upcoming Change to Board of Directors

Published April 13, 2023

PHOENIX – April 13, 2023— Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emission transportation and energy supply and infrastructure solutions, today announced that Gerrit Marx, Lynn Forester de Rothschild and Mark Russell are retiring from Nikola’s Board of Directors at this year’s annual meeting to be held on June 7, 2023.

“Nikola is focused on delivering results in our core business units of zero-emission trucking and energy infrastructure solutions,” said Steve Girsky, chairman, Nikola Board of Directors. “As the Company evolves, the size and composition of the Board will as well. We are grateful for the many contributions that Gerrit, Lynn and Mark have made to Nikola over the years and wish them well.”

Marx, CEO of Iveco Group, has been a member of Nikola’s Board of Directors since September 2019. Forester de Rothschild, a co-founder of Inclusive Capital Partners, joined the Board in February 2022. Russell joined Nikola in 2019 as President and most recently served as CEO before retiring in 2022.

“I am proud of the time spent on Nikola’s Board for the past four years,” said Marx. “It has been a pleasure to help counsel Nikola on key international decisions as they scaled up their battery-electric and hydrogen-electric truck offerings.”

“Everything I try to do is in pursuit of a healthy planet and the health of its inhabitants. I am proud of what Nikola has achieved and the current team and Board that is in place,” said Forester de Rothschild.

“Nikola’s mission holds a special place in my heart,” said Russell. “I want to see a zero-emissions future for my kids and grandkids and will do all I can to make sure that happens. Going forward, the only change will be that I will be cheering on Nikola from the sidelines rather than from the boardroom.”

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric vehicles (BEV) and hydrogen electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expectations regarding Nikola’s business model and strategy. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; and the other risks and factors detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including the risks discussed in Nikola’s annual report on Form 10-K for the year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
[email protected]

Nikola Corporation Announces Date for First Quarter 2023 Results and Webcast and Q&A Platform for Shareholders

Published April 12, 2023

PHOENIX — April 12, 2023 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced it will report its first quarter ended March 31, 2023 financial results on Tuesday, May 9, 2023. On that day, Nikola’s management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company’s business and outlook.

To augment Nikola’s engagement with its shareholders and strengthen communication with investors, Nikola will utilize a Q&A platform developed by Say Technologies to allow verified retail and institutional investors to submit and upvote questions. Management will address a selection of the questions relating to Nikola’s business and financial results on the earnings call.

The platform will open May 1, 2023, at 10 a.m. ET (7 a.m. PT) and close on May 8, 2023, at 10 a.m. ET (7 a.m. PT). To submit questions, please visit https://app.saytechnologies.com/nikola-corporation-2023-q1.

What: Date of Nikola Q1 2023 Financial Results and Q&A Webcast
When: Tuesday, May 9, 2023
Time: 10:30 a.m. ET (7:30 a.m. PT)
Webcast: https://nikolamotor.com/investors/news?active=events (live and replay)

An archived webcast of the conference call will be accessible from the Investor Relations section of the company’s website https://nikolamotor.com/investors/news?active=events.

Nikola Announces Pricing of $100.0 Million Common Stock Transactions

Published March 30, 2023

PHOENIX, March 30, 2023 — Nikola Corporation (Nasdaq: NKLA) today announced the pricing of an SEC-registered underwritten public offering and concurrent registered direct offering at a price of $1.12 per share. Nikola will sell 29,910,715 shares of common stock to the public in the public offering and 59,374,999 shares of common stock to an investor in the concurrent registered direct offering pursuant to a forward stock purchase agreement. The gross proceeds to Nikola from the public offering and the concurrent registered direct offering, before deducting underwriting discounts and commissions and other offering expenses, are $100.0 million. In addition, Nikola has granted the underwriter a 30-day option to purchase up to an additional 4,486,607 shares of its common stock at the public offering price, less underwriting discounts and commissions. The public offering is not conditioned on the closing of the concurrent registered direct offering, and the concurrent registered direct offering is not conditioned on the closing of the public offering. The public offering is expected to close on or about April 4, 2023, subject to customary closing conditions. The concurrent registered direct offering is expected to close on or about April 11, 2023, subject to customary closing conditions.

Nikola currently intends to use the net proceeds from the public offering and the concurrent registered direct offering for working capital and other general corporate purposes.

Citigroup is acting as the sole book-running manager for the proposed public offering.

A shelf registration statement relating to the shares was filed with the Securities and Exchange Commission and became effective on April 14, 2022 (File No. 333-264068). A copy of the final prospectus supplement and accompanying prospectus relating to the public offering and the concurrent registered direct offering, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Nikola Announces $100.0 Million Public Offering of Common Stock

Published March 30, 2023

PHOENIX, March 30, 2023 — Nikola Corporation (Nasdaq: NKLA) today announced that it has commenced an SEC-registered underwritten public offering of up to $100.0 million of shares of its common stock, before deducting underwriting discounts and commissions and other offering expenses. Nikola expects to grant the underwriter a 30-day option to purchase up to an additional $15.0 million of shares of its common stock at the public offering price, less underwriting discounts and commissions. Concurrently with the public offering, Nikola has entered into a forward stock purchase agreement with an investor, whereby the investor has agreed to purchase up to $100.0 million of shares of common stock from Nikola in a concurrent registered direct offering at the public offering price, with the actual amount of common stock purchased by the investor to be reduced by the extent of the total public offering amount from the public offering, subject to certain conditions. The public offering is not conditioned on the closing of the concurrent registered direct offering, and the closing of the concurrent registered direct offering is not conditioned on the closing of the public offering.

Nikola currently intends to use the net proceeds from the public offering and the concurrent registered direct offering for working capital and other general corporate purposes.

Citigroup is acting as the sole book-running manager for the proposed public offering.

A shelf registration statement relating to the shares was filed with the Securities and Exchange Commission and became effective on April 14, 2022 (File No. 333-264068). A copy of the preliminary prospectus supplement and accompanying prospectus relating to the public offering and the concurrent registered direct offering, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

Chart Industries and Nikola Execute Strategic Partnership for Hydrogen-Related Equipment

Published March 30, 2023

ATLANTA and PHOENIX, March 30, 2023 – Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, and Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, executed a strategic collaboration agreement including liquid hydrogen storage tanks, transport trailers, and the development of new mobile and modular hydrogen refueling stations for quick deployment. This agreement includes additional collaboration on the advancement of hydrogen technology for infrastructure and truck on-board fuel systems.

Nikola has recently signed purchase orders with Chart for multiple liquid hydrogen storage tanks, mobile and modular refueling stations, and liquid hydrogen transport trailers to meet Nikola’s needs for deploying the Nikola Tre hydrogen electric vehicles to support key customers and advance the efforts to decarbonize the transport sector. This relationship builds on a previously signed development agreement between Chart and Nikola to work together to develop innovative solutions for the hydrogen electric vehicle market.

Through this agreement, Chart is providing first-of-kind fully integrated mobile and modular hydrogen fueling stations for heavy-duty vehicles providing a quickly deployable fueling solution with lower capital requirements. This transportable fuel station lowers the barrier to entry and is an ideal solution for smaller fleets or any immediate and interim fueling needs. The dense liquid hydrogen storage and efficient liquid high pressure dispense pump also lowers station operating costs.

Nikola, via HYLA, is bringing comprehensive zero-emission heavy-duty trucking energy solutions to market, and each station within the HYLA hydrogen network will serve as an important step in the delivery of a broader array of hydrogen fueling solutions to the commercial trucking industry.

This purchase also includes the most recent design of Chart’s liquid hydrogen transport trailers, building upon over 57 years of hydrogen trailer experience. This new trailer is a lightweight option designed to be pulled by hydrogen electric vehicles.

“We are excited to partner with Nikola and bring first-of-a-kind, quickly deployable hydrogen solutions to the market,” stated Jill Evanko, CEO and President.

“Nikola is on a mission to transform the transportation industry and by aligning with forward-looking companies such as Chart, we are confident this ambitious goal will be achieved,” said Michael Lohscheller, President and CEO, Nikola Corporation. “We know our customers are interested in transitioning to hydrogen quickly and seamlessly. Solutions like Chart’s hydrogen transport trailers will play an important part in jump starting a hydrogen ecosystem.”

With a range of up to 500 miles, the Nikola Tre hydrogen electric vehicle is expected to have among the longest ranges of all commercially available zero tailpipe emission Class 8 trucks while realizing weight savings when compared to Class 8 BEVs with similar range. The Tre hydrogen electric vehicle is well-suited for a variety of applications ranging from drayage and intermodal to metro-regional truckload and less than truckload to certain specialized hauling use cases.

ABOUT CHART INDUSTRIES
Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and carbon capture and storage amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global manufacturing locations from the United States to China, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities. To learn more, visit www.Chartindustries.com.

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric vehicles (BEV) and hydrogen electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding of each of Chart and Nikola; expectations regarding the respective business model and strategy; the expectations regarding projected truck builds and related specifications and the timing of delivery of hydrogen electric trucks; the expectations for Nikola’s trucks and market acceptance of electric trucks; slower than anticipated growth of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; and market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; and the other risks and factors detailed from time to time in each of Nikola’s and Chart’s respective reports filed with the Securities and Exchange Commission, including factors discussed in Item 1A (Risk Factors) in Chart’s most recent Annual Report on Form 10-K filed with the SEC and Nikola’s quarterly annual report on Form 10-K for the year quarter ended year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and both Chart and Nikola specifically disclaim any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
[email protected]

CHART INDUSTRIES MEDIA CONTACT
John Walsh
VP, Investor Relations
1-770-721-8899
[email protected]

Nikola Celebrates 100 Sale Order Milestone for Nikola Tre Hydrogen FCEV Class 8 Truck

Published March 29, 2023

DETROIT– March 29, 2023 – At today’s Automotive Press Association meeting in Detroit, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced that Nikola and its dealer network have received orders for 100 Class 8 Nikola Tre hydrogen fuel cell electric vehicles (FCEVs). Deliveries of the purpose-built heavy-duty trucks will begin in Q4 2023.

“We believe Nikola is the only company in the U.S. with a Class 8 hydrogen FCEV available in calendar year 2023, engineered and assembled in the U.S., as well as a variety of upcoming hydrogen energy solutions,” said Michael Lohscheller, Nikola’s President and CEO. “Customers are recognizing this and are demanding zero-emissions trucking solutions to fulfill their shipping needs and to meet their environmental, social and governance goals. And it will have quite an effect, as one heavy-duty zero-emission truck equates to removing 23 gasoline-powered passenger cars from the road in annual CO₂ emissions.”

With a range of up to 500 miles and an estimated fueling time of approximately 20 minutes based upon expected technology improvements, the Nikola Tre FCEV is anticipated to have among the longest ranges of all commercially-available zero tailpipe emission Class 8 trucks. The Tre FCEV is well-suited for a variety of applications ranging from drayage and intermodal to metro-regional truckload and less than truckload and specialized hauling use cases.

The California Air Resources Board (“CARB”) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”) program, played a significant role in securing many of the 100 sale orders that are expected to convert to purchase orders following the satisfactory completion of the demonstration programs.

The HVIP program enables customers of Nikola’s Tre FCEV to access a point-of-sale incentive starting at $240,000 and ranging up to $288,000 per truck, in 2023. Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the Inflation Reduction Act.

California’s HVIP is an important incentive program intended to advance commercialization and to help reduce the total cost of ownership of hybrid and zero-emission commercial vehicles in the state of California. The program is unique in that it accelerates the adoption of zero tailpipe emission commercial vehicles on a first-come, first-served basis that does not require the retirement and scrappage of an existing diesel vehicle.

“This 100 sale order milestone is certainly something to celebrate and shows the commitment of our customers, dealers, employees and stakeholders,” continued Lohscheller. “And this is expected to be the first of many upcoming announcements.”

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the company’s expectations regarding the benefits of the FCEV sales orders and the ability to convert these sales orders to purchase orders; the business model and strategy; the company’s expectations regarding its projected truck builds and related specifications; the company’s expectations for its trucks and market acceptance of battery electric and hydrogen fuel cell electric trucks; and market opportunity. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of legal proceedings to which Nikola is, or may become a party; failure to realize the anticipated benefits of the recently completed business combination with Romeo; the conversion of sales-orders into purchase orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on Nikola’s future business; the availability of capital; and the other risks detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
[email protected]

Klean Industries and Nikola Partner to Convert Truck Fleets to Nikola Tre FCEVs and to Co-Develop Green Energy Projects

Published March 28, 2023

Vancouver, Canada —– Klean Industries Inc (“Klean”), a company focused on the recovery of clean energy and resources from waste, is pleased to announce that it has executed a Memorandum of Understanding (“MOU”) with Nikola Corporation (“Nikola”) (Nasdaq: NKLA) a leading designer and manufacturer of heavy-duty commercial battery-electric vehicles (“BEV”), hydrogen fuel cell electric vehicles (“FCEV”), and energy supply and infrastructure solutions, via its HYLA brand.

The companies intend to collaborate to encourage adoption of Nikola Class 8 zero-emission vehicles with Klean’s partners, feedstock suppliers, while developing green hydrogen supply and dispensing infrastructure in the United States and Canada. Nikola will evaluate offtake opportunities from green hydrogen projects being developed by Klean and its partners involving hydroelectric, wind and solar power in the Pacific Northwest and Canada. Utilizing Klean’s green hydrogen, the companies will also work together to convert Klean’s logistics partners’ truck fleet to Nikola Class 8 zero-emission vehicles.

Both Klean and Nikola see a significant opportunity to collaborate on projects where Klean and its partners operate recycling, resource recovery and waste to energy plants. This relationship is synergistic, as both parties see zero-emission logistics as a key part of delivering holistic supply chain solutions that facilitate the development of the low carbon hydrogen economy, with the goal of zero waste to landfill. Additionally, this collaboration demonstrates the commitment of Klean, their logistic partners, and Nikola, to help decarbonize the transportation sector as hydrogen plays a crucial role in providing a solution for the global path to a zero-emission future in transportation.

“We believe Nikola’s hydrogen electric trucks are going to fundamentally change the ground transportation and logistics landscape. This exciting collaboration will create opportunities that will reinforce the importance of working together as we look to both deploy and develop a renewable hydrogen value chain. Developing clean energy projects with leading technology companies such as Nikola, supports Klean’s strategic focus and enables our respective companies to create a symbiosis between waste, resources, and energy, while simultaneously helping in the creation of a circular low carbon economy. Green hydrogen has the potential to completely transform the energy landscape and drive a cleaner, more sustainable future,” said Jesse Klinkhamer, CEO of Klean Industries Inc.

“Klean’s vision of utilizing green hydrogen fleet of trucks in their tire recycling ecosystem is a clear indication of the company’s commitment to creating a better, more sustainable future. With its longer driving range and zero-emissions, the Nikola Tre hydrogen electric vehicle is poised to revolutionize the trucking industry and change the way we think about transportation. Klean has already brought together like-minded partners to decarbonize their truck fleets which is a testament to their far-reaching commitment and deep knowledge of this sustainability space,” said Carey Mendes, Nikola, President Energy.

ABOUT KLEAN INDUSTRIES
Klean Industries (“Klean”) provides best-in-class technologies and solutions in the waste-to-value industry. Our international team of award-winning experts has decades of experience in the design, engineering, and manufacturing of the highest-quality equipment to convert waste streams into valuable energy and resources. Klean’s unique products and services are a result of combined knowledge in the design of recycling, resource recovery, waste management, and power generation projects. Our global project management expertise safeguards timelines and budgets enabling projects to be delivered in less time and at lower costs.

Klean uses proprietary technologies to rapidly develop projects that produce the highest quality fuels, recovered carbon blacks, and green hydrogen from various kinds of feedstocks. Our know-how and technical skills provide a specialization in building projects that use advanced thermal technologies such as pyrolysis, gasification, and carbonization, which convert end-of-life tires, waste plastics, and municipal solid waste into domestic energy, sustainable commodities, and new cleantech jobs. We create a symbiosis between waste, resources, and energy. Klean Industries is the link between the low carbon, circular economy, and the goal of zero waste to landfill.

For more information, visit www.kleanindustries.com or follow us on:

LinkedIn ~ www.linkedin.com/companies/kleanindustries
YouTube ~ www.youtube.com/KleanIndustries
Facebook ~ www.facebook.com/KleanIndustries
Instagram ~ www.instagram.com/kleanindustries
Twitter ~ www.twitter.com/kleanindustries

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero tailpipe emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

NIKOLA MEDIA CONTACT
[email protected]

KLEAN CORPORATE HEADQUARTERS
Klean Industries Inc.
Suite 2500 – 700 W. Georgia St.,
Vancouver, BC,
Canada, V7Y1B3
(T) +1.604.637.9609
(T) +1.866.302.5928
(F) +1.604.637.9609
(E) [email protected]

Nikola Announces Leadership Succession; Anastasiya Pasterick to Become Chief Financial Officer

Published March 27, 2023

Kim J. Brady to retire as Chief Financial Officer of Nikola Corporation, effective April 7, 2023.
Anastasiya “Stasy” Pasterick, current Nikola Corporation Vice President, Corporate Controller, has been named successor.

PHOENIX. March 27, 2023 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced that Chief Financial Officer (CFO) of Nikola Corporation, Kim J. Brady, will retire as CFO effective April 7, 2023. Anastasiya “Stasy” Pasterick, who is currently serving as Nikola’s Vice President, Corporate Controller, will succeed Brady as the company’s new CFO. Brady will remain employed with Nikola through April 28, 2023, as a non-executive officer in an advisory capacity to support the transition.

As CFO, Pasterick will be responsible for leading Nikola’s finance and accounting team, including investor relations, strategic finance, and treasury.

“Stasy’s proven financial acumen and attention to detail are the capabilities the company needs now as we build on the momentum surrounding the unveiling of our new energy brand, HYLA, the commercialization of our Class 8 battery-electric truck, and the pending production of our Class 8 hydrogen fuel cell vehicle,” said Michael Lohscheller, Nikola Corporation President and CEO. “We are grateful to Kim for his leadership and dedication to the company for the past five years. He led the organization’s early rounds of funding and was instrumental in taking the company public and shaping its strategy. We sincerely wish him all the very best as he embarks on a new and exciting chapter in his life.”

“It has been a privilege to be part of the great team at Nikola and I am proud of what we have accomplished together, including building a strong foundation for a zero-emissions transportation future and energy transition to hydrogen,” said Brady. “I’ll miss the passion, vision, and collaborative spirit throughout the organization and am pleased to see a high-caliber leader like Stasy step in as the next CFO of the company.”

“It is an honor to have the opportunity to continue shaping Nikola as we remain focused on the execution of our business plan and navigate the next chapter of our journey,” said Pasterick. “I am grateful to Kim for serving as a valued colleague, mentor, and friend since I joined the Nikola team over four years ago.”

ABOUT STASY PASTERICK
Pasterick started her career at KPMG LLP where she worked in audit for seven years, serving a diverse portfolio of clients in the automotive and technology sectors from pre-revenue start-ups to global multi-billion-dollar corporations. Prior to joining Nikola in 2019, Pasterick held several financial leadership positions at OEM manufacturing firms including Director of Accounting Operations at Erickson, Inc., and Corporate Controller at nLIGHT, Inc. (NASDAQ: LASR), where she led all financial aspects of the company’s IPO.

At Nikola, Pasterick was key in executing the organization’s SPAC merger in 2020 and has been responsible for the overall financial operations of the company including accounting, reporting, transactional finance, and manufacturing finance. She has established Nikola’s accounting and reporting infrastructure as a new public company and has been instrumental in scaling the organization’s financial operations through entering commercial production.

Pasterick is a Certified Public Accountant (CPA) and holds a B.S. in Business Administration from Portland State University.

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero tailpipe emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the company’s expectations regarding the potential benefits of the announced executive leadership change. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of legal proceedings to which Nikola is, or may become a party; failure to realize the anticipated benefits of the recently completed business combination with Romeo; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on Nikola’s future business; the availability of capital; and the other risks detailed from time to time in Nikola’s reports filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
[email protected]