Nikola Paves the Way as the First OEM Truck Manufacturer in North America to Integrate what3words Location Solution

PHOENIX – February 7, 2024 – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, is breaking new ground as the first commercial vehicle in North America to integrate what3words, a precise location technology that aims to provide confidence in Nikola customers in the accuracy of their addresses, ensuring timely deliveries and an exceptional customer experience.

Navigating large sites and industrial parks can often be a daunting task for drivers due to multiple entrances and vague delivery zones lacking specific addresses, resulting in delayed deliveries. what3words offers a revolutionary solution, providing an easy way to identify precise locations.  The system has divided the globe into a grid of 10ft squares and assigned each a unique combination of three words: known as a what3words address. This means every warehouse entrance, drop off point and tucked-away delivery door has its own unique what3words address. This integration is expected to enhance the driver experience by providing a concise and accurate method for location input and will also seek to simplify location entry via voice or text, offering a forward-looking advantage.

This advanced technology will be incorporated into Nikola’s Class 8 zero-emission trucks in 2024, setting a new standard for precision and performance in the industry and further demonstrating Nikola’s ability to integrate progressive features and improvements over-the-air.

“In the commercial vehicle landscape, precision is paramount to avoid delays and disruptions,” says Mary Chan, Nikola Chief Operating Officer. “This strategic partnership underscores our commitment to innovation by elevating the standard for commercial vehicle navigation and speaks to our dedication to customer-centric solutions. The added benefit of simplifying location entry, whether through voice or text, further solidifies our commitment to providing a seamless and efficient experience for our drivers.”

“what3words has been shown to significantly improve both delivery accuracy and customer experience – benefitting drivers and customers alike,” comments Chris Sheldrick, Co-Founder and CEO of what3words. “This integration is illustrative of Nikola’s commitment to enabling exceptional delivery experiences across the U.S., and we look forward to seeing our technology live in their vehicles soon.”

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing.

Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

ABOUT WHAT3WORDS
Co-founded in London in 2013 by Chris Sheldrick, what3words is a simple way to talk about precise locations. A what3words address is a human-friendly way to share very precise locations with other people, or to input them into platforms and machines such as ride-hailing apps or ecommerce checkouts. It is optimized for voice input and contains built-in error prevention to immediately identify and correct input mistakes.

The free what3words app, available for iOS and Android, and the online map, enables people to find, share and navigate to what3words addresses in more than 50 languages to date. Millions of what3words addresses are in use around the world, with thousands of businesses using them to save money, be more efficient and provide a better customer experience. what3words is easily integrated into apps, platforms and websites. Products are available for free or for a nominal fee for qualifying NGOs. Its partners include Nikola, Mercedes-Benz, Jaguar Land Rover, Evri, Subaru, Lamborghini, DPD, DHL, the AA and many emergency services across the world.

what3words has a team of over 150 people, across offices in the UK, U.S. Germany, India, South Korea, Vietnam and Mongolia.

FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to the benefits for Nikola customers related to the what3words technology; the Company’s belief that it is the first commercial vehicle in North America to incorporate what3words;  the Company’s ability to incorporate this location solution technology in its vehicles in 2024; the Company’s belief that by incorporating this technology in its trucks it will help drivers have precision deliveries thereby avoiding delays and disruptions; and the Company’s beliefs regarding its competitive position and the benefits thereof. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company’s hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; the level of and cancellation of customer orders; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; variations in terrain, temperature, speed, road conditions, truck configuration, payloads and other variables which may affect range; the Company’s ability to remain listed on Nasdaq; and the factors, risks and uncertainties  described in the “Risk Factors” section of the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2023 filed with the SEC, in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

NIKOLA MEDIA CONTACT
[email protected]

WHAT3WORDS MEDIA CONTACT
[email protected]