Forza X1 Inc

Forza X1, Inc. manufactures and develops fully electric boats. It focuses on the creation and implementation of marine electric vehicle (“EV”) technology to control and power electric boats utilizing proprietary outboard electric motor. The company was founded on October 15, 2021 and is headquartered in Fort Pierce, FL.

Earnings data Q2 2022

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Forza X1, Inc. engages in the manufacture and development of fully electric boats. It also focuses on the creation and implementation of marine electric vehicle technology to control and power electric boats utilizing proprietary outboard electric motors. The company was founded on October 15, 2021 and is headquartered in Fort Pierce, FL.

FORT PIERCE, FL / ACCESSWIRE / May 3, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Tuesday, May 9, 2023, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the first quarter of 2023.

Forza X1, Inc. Announces First Quarter 2023 Financial Results Call on May 9

FORT PIERCE, FL / ACCESSWIRE / April 25, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today announced that its 22-foot monohull reached speeds of 40 miles per hour (35 knots) during recent testing (Forza 22-Foot Monohull Video). "Our 22-foot center console monohull continues to perform beautifully in every capacity," remarks Joseph Visconti, Executive Chairman and Chief of Product Development for Forza X1, Inc. "We feel that we have designed, prototyped, and are currently testing the future of boating.

Forza's 22-Foot Electric Boat Surpasses 40 MPH Milestone During Latest Water Test

Forza X1, Inc. (NASDAQ:FRZA ) Q4 2022 Earnings Conference Call March 27, 2023 10:00 AM ET Company Participants Joseph Visconti - Executive Chairman & Chief of Product Development Conference Call Participants Unidentified Analyst - Private Investor Operator Greetings and welcome to the Forza X1 Incorporated Year-End 2022 Investor Call. As a reminder this call is being recorded and all participants are in a listen-only mode.

Forza X1, Inc. (FRZA) Q4 2022 Earnings Call Transcript

FORT PIERCE, FL / ACCESSWIRE / March 27, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today reported operational highlights and financial results for the year ended December 31, 2022. "Since 2022, Forza has completed the design, development and begun water testing on three electric boats: the FX1 dual console, our 22-foot monohull, as well as our electric-powered 25-foot deck boat," says Jim Leffew, Chief Executive Officer and President of Forza X1, Inc. "So far, we've produced a total of 8 electric boats between the various models and have begun small batch production on the 22-foot monohull.

Forza X1 Reports Results for the Year Ended December 31, 2022

FORT PIERCE, FL / ACCESSWIRE / March 21, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Monday, March 27, 2023, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the fourth quarter of 2022.

Forza X1 to Host Year End 2022 Results on March 27

FORT PIERCE, FL / ACCESSWIRE / March 15, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that is successfully sea trialed an all-new 22-foot electric-powered monohull this past Thursday. The Company went on to announce that the 22-foot monohull has been added to its upcoming model line.

Forza X1 Successfully Water Tests Its All-New 22-Foot Electric Monohull Boat

FORT PIERCE, FL / ACCESSWIRE / January 20, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today provided an update on the rough grading and clearing that is currently taking place at the future site of its factory in McDowell County, North Carolina. "Thanks to some good weather over the past few weeks, substantial progress has been made.

Forza X1, Inc. Provides Update on Future Factory Site Clearing and Grading

FORT PIERCE, FL / ACCESSWIRE / January 17, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that its Board of Directors has approved a stock repurchase program authorizing the repurchase of up to $1,000,000 worth of shares of Forza X1, Inc. stock. Joseph Visconti, Executive Chairman and Chief of Product Development of Forza X1, Inc., stated, "The Board of Directors understands that microcap stocks are facing challenges on multiple fronts.

Forza X1 Announces Stock Repurchase Program

FORT PIERCE, FL / ACCESSWIRE / November 21, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that its 25-foot electric-powered FX1 catamaran reached 30 miles per hour during a scheduled water test (FX1 Video). "This is a significant milestone and achievement," remarks Jim Leffew, CEO and President of Forza X1, Inc. "We are conducting intensive testing of our fully integrated electric boat, and reaching 30 MPH is a great indicator that our proprietary outboard motor and control system are operating as designed.

Forza's FX1 Passes 30 MPH Milestone During Water Testing as Company Continues to Perfect Performance to Reach Higher Speeds

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Why Is Forza XI (FRZA) Stock Up 40% Today?

FORT PIERCE, FL / ACCESSWIRE / November 2, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that since the end of July 2022, the Company has received 50 non-binding pre-production reservations for its initial two models, the FX1 Dual Console and FX1 Center Console which, if ultimately finalized, could result in more than $8.5 million in revenue for the Company following delivery. "As we transition to water testing, we've been pleasantly surprised to see the support our customers have in our mission and the products we're developing," says Joseph Visconti, Forza X1's Chairman of the Board and Chief of Product Development.

Forza X1 Receives Fifty Electric Boat Reservations in Last 90 Days Potentially Resulting in Over $8.5 Million in Revenue

FORT PIERCE, FL / ACCESSWIRE / November 1, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, announced that it successfully launched and sea-trialed its 25-foot electric-powered FX1 catamaran this past Friday. "I'm proud to announce that we have officially begun the water testing phase of our FX1 dual console 100% electric boat," says Jim Leffew, CEO and President of Forza X1, Inc. Leffew recounts the events of the electric boat's initial launch, "From the beginning, the Forza team set out to build electric boats geared towards mass appeal and mass production.

Forza X1 Begins Water Testing Phase with Its FX1 Electric Boat

FORT PIERCE, FL / ACCESSWIRE / October 31, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, will host a conference call and audio webcast on Monday, November 7, 2022, at 3:00 p.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the third quarter of 2022.

Forza X1, Inc. to Host Third Quarter 2022 Financial Results Call on November 7

FORT PIERCE, FL / ACCESSWIRE / October 20, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that it will be participating in The ThinkEquity Conference, which will take place on October 26, 2022 at The Mandarin Oriental Hotel in New York. The ThinkEquity Conference gathers industry insiders, investors, and leading executives from around the world.

Forza X1, Inc. Attending ThinkEquity Conference on October 26

FORT PIERCE, FL / ACCESSWIRE / October 12, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that it has leased an 8,800 square foot industrial space in Old Fort, NC it will utilize until its factory in McDowell County, NC is completed. The Company plans to manufacture and test Forza's electric motors and control systems on the property.

Forza X1 Signs Lease Agreement in North Carolina Ahead of Company Relocation

FORT PIERCE, FL / ACCESSWIRE / October 6, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that it is designing the FX3, an electric pontoon boat to add to its model lineup. An early concept rendering of Forza's electric pontoon boat Forza has engaged Matthew Blew of Blew Hatch Labs, an industry professional who has designed pontoon boats for several of the leading pontoon manufacturers, to assist Forza's engineers with Forza's modern electric take on the popular pontoon boat.

Forza X1 Developing New Electric Pontoon Boat Model

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Garmin

Garmin, the World's Most Recognized Marine Electronics Manufacturer, Joins Forza X1 to Create Enhanced User Experience for FX1 All-Electric Boat FORT PIERCE, FL / ACCESSWIRE / September 21, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced details from its collaboration with Garmin® International ("Garmin") to bring intuitive and interactive technology to the Company's first fully electric boat model, the FX1. Over the past several months, Forza and Garmin have worked together to develop a customized system driven by select Garmin products to prioritize ease of use and customer experience.

Forza X1's Next Level Helm Innovation to Be Powered by Garmin

FORT PIERCE, FL / ACCESSWIRE / September 9, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today provided a detailed update on its intellectual property (IP) roadmap for the next twelve months and offered a status report on its patents currently pending with the United States Patent and Trademark Office (USPTO). "Patenting IP related to our designs and innovation is an essential aspect of our business," states Joseph Visconti, Executive Chairman and Chief of Product Development of Forza X1, Inc. "Intellectual property rights allow our Company the opportunity to design, build and test innovative products that can be protected under the United States patent protection laws and give us the ability to compete against larger companies.

Forza X1 Provides Update on Intellectual Property Initiative

Forza X1 initiates engineering for the equivalent of a 600 HP peak and up to 400 HP continuous electric outboard motor for the Marine Industry FORT PIERCE, FL / ACCESSWIRE / August 30, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that its engineering team has begun a project to design a new, larger horsepower outboard motor, targeted to perform up to 400 HP continuous and 600 HP peak equivalents. "This new motor is intended to be an expansion of our product line.

Forza X1 Begins Design Process on High-Powered Electric Outboard Motor

FORT PIERCE, FL / ACCESSWIRE / August 26, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats, today announced the FX1 fiberglass molds have arrived at Twin Vee PowerCats in Fort Pierce, Florida and the first FX1 boat will begin the construction process next week. "The fiberglass molds are the tools required by a boat builder to start building the fiberglass parts of a boat.

Forza X1 Initiates Construction of First FX1 Fully Electric Boat

FORT PIERCE, FL / ACCESSWIRE / August 24, 2022 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced that it has signed a development contract with Osmosis Telematics to gain access to its ‘Osmosis' platform. Osmosis is designed to connect users through custom mobile and web applications to their boats over a cellular connection.

Forza X1 Signs Deal to Integrate Telematics Platform into FX1 Electric Boats

OneWater Marine

Forza X1 enters into distribution agreement with OneWater to support the mission of sustainable recreational boating through the adoption of electric boats FORT PIERCE, FL / ACCESSWIRE / August 18, 2022 / Forza X1, Inc. (Nasdaq: FRZA) ("Forza", the "Company"), and OneWater Marine Inc. (Nasdaq: ONEW)("OneWater") today announced that the Companies have entered into a strategic partnership in which Forza and OneWater will partner to create a distribution channel for the Company's integrated electric sports boats. Forza, through its planned direct-to-consumer, all-digital sales platform, is advancing the adoption of sustainable recreational boating.

Forza X1 and OneWater Marine and Announce Strategic Partnership

FORT PIERCE, FL / ACCESSWIRE / August 16, 2022 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today announced the closing of its initial public offering of 3,450,000 shares of its common stock at a public offering price of $5.00 per share, including 450,000 shares sold upon full exercise of the underwriter's option to purchase additional shares, for gross proceeds of $17,250,000, before deducting underwriting discounts and offering expenses. The net proceeds from the initial public offering will be used for (i) the acquisition of property and the development of a manufacturing plant, infrastructure and equipment to build, design and manufacture Forza's new line of electric boats; (ii) ramp up of production and inventory; and (iii) working capital.

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