202223 Nov

ACE Convergence Acquisition Corp. and Automation, Inc. Announce Closing of Business Combination; Automation Holdings, Inc. to Trade on Nasdaq Under Ticker Symbols "TMPO" and “TMPOW”

Summary

Ms. Weiss commented, We are excited to begin our journey as a publicly traded company and continue executing on our vision of building the preeminent electronics manufacturer serving the approximately $290 billion U.S. prototype and on-demand manufacturing market.Its been an honor helping Tempo Automation on their path to becoming a publicly traded company, where they can leverage the public market capital to scale, and realize their vision of becoming the leader in the software driven PCB Prototyping industry, said Behrooz Abdi, Chairman and CEO of ACE and incoming Chairman of the Board of Tempo Automation.Tempo Automation is a leading software-accelerated electronics manufacturer, revolutionizing the way top companies innovate and bring new products to market. The platforms all-digital process automation, data-driven intelligence, and connected smart factory create a breakthrough competitive advantage for customers. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities, (ii) the impact of the global COVID-19 pandemic, (iii) the enforceability of Tempo Automations intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, (iv) cyber security risks or potential breaches of data security, (v) the ability of Tempo Automation to protect the intellectual property and confidential information of its customers and (vi) the risk of downturns in the highly competitive additive manufacturing industry. 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.

Source: Tempoautomation

Funding

$79M
Amount
Nov 23 2022
Date
-
Investor
Tempo Automation
Company

Classifications

Companies