Robo.ai Announces Proposed Establishment of Alif Maritec, a Marine Security and Intelligent Maritime Infrastructure Company

Robo.ai Inc. (Nasdaq: AIIO) ("Robo.ai" or the "Company") today announced that Alif Holding, the Company's industrial group, plans to establish Alif Maritec as a wholly owned subsidiary in the United Arab Emirates. The new company will focus on marine security and intelligent maritime infrastructure. Dr. Jasem Al-Mansory, Chief Executive Officer of Alif Holding, is expected to serve as Chairman of Alif Maritec.