NEW YORK, July 6, 2020 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased
to announce that Harvest Global Investments (HGI) and its affiliate
Harvest Alternative Investments will act as an advisor to
Ideanomics with an emphasis on its Mobile Energy Global (MEG)
division and H2FC and BEV Medici Motor Works truck and specialty
vehicles business. Dr. Henry XueJun
Zhao will assume the advisory position, as well as become a
board member to Medici Motor Works, to assist Ideanomics with
maximizing shareholder value for its EV divisions. The types of
advisory activities include the potential to assist with capital
raising, M&A, and other types of investment banking services
for MEG and Medici Motor Works.
Additionally, as an advisor to Ideanomics, HGI will offer its
senior management's experience in assisting growth companies for
more than 25 years, allowing it to participate closely in areas
such as business strategy and scaling operations.
"ESG-focused funds and other mainstream funds have begun making
significant investments into EV and clean energy initiatives to
take advantage of the significant momentum of clean tech,
particularly as it pertains to the automotive industry," said Dr.
Henry XueJun Zhao, Chairman of
Harvest Fund Management, the parent company of Harvest Global
Investments. "Chairman Wu has invested significant time and
resources in bringing his vision to a reality, and we look forward
to working with Ideanomics Board of Directors and Management
regarding the expansion of its EV divisions as they begin the next
growth phase of their businesses".
Dr. Henry Zhao is the Chairman of
Harvest Fund Management Co., Ltd. He has worked in the financial
industry for over 25 years. Henry joined Harvest in 2000 and is the
longest-serving CEO in the asset management industry in
China. Dr. Zhao holds a PhD from
Peking University, a master's degree in economics, and a bachelor's
degree in electronic engineering.
About Harvest Global Investments
Harvest Global
Investments (HGI), established in 2008, has offices in Hong
Kong, London, and New York. HGI combines a deeply experienced
international team with on-the-ground knowledge and insights to
deliver superior returns from Asian and Chinese markets to global
investors.
About Ideanomics
Ideanomics is a global company
focused on facilitating the adoption of commercial electric
vehicles and developing next generation financial services and
Fintech products. Its electric vehicle division, Mobile Energy
Global (MEG) provides group purchasing discounts on commercial
electric vehicles, EV batteries and electricity as well as
financing and charging solutions. Ideanomics Capital includes DBOT
ATS and Intelligenta which provide innovative financial services
solutions powered by AI and blockchain. MEG and Ideanomics Capital
provide our global customers and partners with better efficiencies
and technologies and greater access to global markets.
The company is headquartered in New
York, NY, and has offices in Beijing and Qingdao,
China.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov.. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these
forward-looking statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New York 10006
Email: ir@ideanomics.com
Valerie Christopherson /
Lora Wilson
Global Results Communications (GRC)
+1 949 306 6476
valeriec@globalresultspr.com
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SOURCE Ideanomics