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Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma

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Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma


Canoo, Inc.

Canoo, Inc.
  • FTZ activation insulates Canoo from import tariffs and allows for deferments and exemptions as the company expands its global presence

  • The approval of Canoo’s FTZ allows other vendors and partners to relocate into Canoo’s user-driven site thereby broadening the benefits to Canoo and its partners

  • Effective immediately providing a 5% reduction in BOM costs for imported parts significantly improving margins

JUSTIN, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) —  Canoo Inc. (NASDAQ: GOEV), a high-tech advanced mobility company, announced today that the U.S. Customs and Border Protection (CBP) has officially approved final activation of Canoo’s Oklahoma City operations as a Foreign-Trade Zone (FTZ), becoming one of the largest FTZs in the State of Oklahoma.

This activation status qualifies Canoo to take advantage of FTZ benefits, effective immediately. This final designation will allow Canoo to significantly streamline its operations, offering financial and logistical benefits as the company scales production of its modular electric commercial vehicles for customers in the U.S., the United Kingdom, Europe, and the Middle East.

Canoo has worked for approximately a year with the U.S. Customs and Border Protection for approval and activation of the FTZ. Initial approval was received in March 2024 and over the last several months Canoo completed this final activation milestone for this facility, which includes having the necessary infrastructure to activate the site.

“We thank Oklahoma City Customs Port Director Pequano and the Dallas U.S. Customs and Border Protection Area Port office for the work, support and direction for the activation approval. It’s great to get this milestone completed as it’s part of a larger strategy with more to come,” said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo.

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This is a significant first step in harmonizing Canoo’s supply chain and insulating the company from the standard practices in other countries, providing stability against the ever-changing tariffs landscape.

For more information on Canoo please visit www.canoo.com.

About Canoo
Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo’s platform is purpose-built to maximize the vehicle interior space and is customizable to support a wide range of business and government applications. Headquartered in Justin, Texas, Canoo has teams located in California, Michigan and Oklahoma with world-class vehicle and battery facilities in Oklahoma City. For more information please visit www.canoo.com and investors.canoo.com.

Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the results and timing of the reverse stock split and the effect the reverse stock split will have on the Company’s ability to regain compliance with the Nasdaq Listing standards. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo’s ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo’s business and the timing of expected business milestones and commercial launch; future market adoption of Canoo’s offerings; risks related to Canoo’s go-to-market strategy and manufacturing strategy; the effects of competition on Canoo’s future business, and those factors discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Canoo’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 1, 2024, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo’s Investors Relations website at investors.canoo.com or the SEC’s website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo’s expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo’s assessments to change.

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However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contact
press@canoo.com

Investor Relations Contact
IR@canoo.com



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Oklahoma

Oklahoma adds explosive 4-star commit on offense

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Oklahoma adds explosive 4-star commit on offense


Oklahoma adds explosive 4-star commit on offense appeared first on ClutchPoints. Add ClutchPoints as a Preferred Source by clicking here.

The 2026 college football season is still months away from kicking off, but coaches are already hitting the College football Recruiting trail for players in the class of 2027. Oklahoma has already landed some talented players.

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Now, they have added another solid player, according to Hayes Fawcett of On3.

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Athlete Greydon Howell, rated as a four-star recruit by Rivals, has committed to Oklahoma. Howell is from Broken Bow, Oklahoma, and chose to go to the Sooners over Oklahoma State, Miami, Penn State, Stanford, and Arkansas. He visited Oklahoma over the weekend, attending a recruiting event.

The 4-star recruit has been a dominant force at his high school in the sports landscape. He plays football, basketball, baseball, and track. This past season, he played quarterback for his team, passing for 2,817 yards with 27 scores, while adding 1,514 yards and 20 touchdowns on the ground. He is expected to play wide receiver for the Sooners.

Rivals ranks him as the 13th best athlete in the nation, and 425th overall. Still, other ranking services have him lower. 247Sports has Howell ranked as a three-star player and the 25th best athlete in the nation.

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Regardless, it is another major signing for Brent Venables and the Sooners. They have 19 commitments so far, and have the number one-ranked class for 2027 according to 247Sports. They have been great at keeping in-state guys at Oklahoma. Kaeden Penny is the top player in the state for the class of 2027, and he is going to Oklahoma. Cooper Hackett is ranked third in the state and is also a future Sooner.

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The Sooners open their 2026 campaign on September 5 against Utep.

Oklahoma Sooners land 4-star safety over Florida, Georgia

Oklahoma lands top tight end over Kentucky, Notre Dame



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OSSAA unveils Class 6A-2A basketball state tournament brackets, schedule

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OSSAA unveils Class 6A-2A basketball state tournament brackets, schedule


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The Oklahoma Secondary School Activities Association has released the brackets for Classes 6A-2A state basketball tournaments which run March 10-14.

Games will be played at OG&E Coliseum, Lloyd Noble Center, Carl Albert and Yukon.

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All championship game will be played at OG&E Coliseum with Class 6A, 4A boys and girls on Friday and the others on Saturday.

Action begins Tuesday with Class 4A quarterfinals at OG&E Coliseum.

Here is the full schedule.

Order book on Oklahoma HS basketball at ‘The Big House’

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Class 6A Boys

Wednesday’s Games

At Lloyd Noble Center

Norman vs. Tulsa Union, 4:30 p.m.

Owasso vs. Southmoore, 6 p.m.

Putnam North vs. Piedmont, 7:30 p.m.

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Mustang vs. Edmond Santa Fe, 9 p.m.

Thursday’s Games

At Carl Albert

Norman-Tulsa Union winner vs. Owasso-Southmoore winner, 5:30 p.m.

Mustang-Edmond Santa Fe winner vs. Putnam North-Piedmont winner, 7 p.m.

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Friday’s Game

At OG&E Coliseum

Championship, 6 p.m.

Class 6A Girls

Wednesday’s Games

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At Lloyd Noble Center

Putnam North vs. Edmond North, 9 a.m.

Choctaw vs. Bixby, 10:30 a.m.

Mustang vs. Bartlesville, Noon

Muskogee vs. Westmoore, 1:30 p.m.

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Thursday’s Games

At Carl Albert

Mustang-Bartlesville winner vs. Muskogee-Westmoore winner, 1 p.m.

Choctaw-Bixby winner vs. Putnam North-Edmond North, 2:30 p.m.

Friday’s Game

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At OG&E Coliseum

Championship, 1 p.m.

Class 5A Boys

Thursday’s Games

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At Lloyd Noble Center

Tulsa Booker T. Washington vs. Carl Albert, 4:30 p.m.

Del City vs. Collinsville, 6 p.m.

Newcastle vs. Tulsa East Central, 7:30 p.m.

Tulsa Memorial vs. Midwest City, 9 p.m.

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Friday’s Games

At Lloyd Noble Center

Del City-Collinsville winner vs. Tulsa Booker T. Washington-Carl Albert winner, 2 p.m.

Newcastle-Tulsa East Central winner vs. Tulsa Memorial-Midwest City winner, 5 p.m.

Saturday’s Game

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At OG&E Coliseum

Championship, 6:45 p.m.

Class 5A Girls

Thursday’s Games

At Lloyd Noble Center

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Newcastle vs. Glenpool, 9 a.m.

Tulsa Booker T. Washington vs. Bishop McGuinness, 10:30 a.m.

Del City vs. Shawnee, Noon

Tulsa East Central vs. Carl Albert, 1:30 p.m.

Friday’s Games

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At Lloyd Noble Center

Del City-Shawnee winner vs. Tulsa East Central-Carl Albert winner, 11 a.m.

Newcastle-Glenpool winner vs. Tulsa Booker T. Washington-Bishop McGuinness winner, 12:30 p.m.

Saturday’s Game

At OG&E Coliseum

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Championship, 1:30 p.m.

Class 4A Boys

Tuesday’s Games

At OG&E Coliseum

Blanchard vs. Cascia Hall, 4:30 p.m.

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North Rock Creek vs. Fort Gibson, 6 p.m.

Catoosa vs. Mount St. Mary, 7:30 p.m.

Douglass vs. Bethany, 9 p.m.

Thursday’s Games

At Yukon High School

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Douglass-Bethany winner vs. Catoosa-Mount St. Mary winner, 1 p.m.

North Rock Creek-Fort Gibson winner vs. Blanchard-Cascia Hall winner, 3 p.m.

Friday’s Game

At OG&E Coliseum

Championship, 2:45 p.m.

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Class 4A Girls

Tuesday’s Games

At OG&E Coliseum

McLoud vs. Harrah, 9 a.m.

Lincoln Christian vs. Kingfisher, 10:30 a.m.

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Weatherford vs. Locust Grove, Noon

Douglass vs. Broken Bow, 1:30 p.m.

Thursday’s Games

At Yukon High School

Lincoln Christian-Kingfisher winner vs. McLoud-Harrah winner,  6 p.m.

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Douglass-Broken Bow winner vs. Weatherford-Locust Grove, 8 p.m.

Friday’s Game

At OG&E Coliseum

Championship, 7:45 p.m.

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Class 3A Boys

Wednesday’s Games

At OG&E Coliseum

Kingston vs. Wyandotte, 4:30 p.m.

Millwood vs. Community Christian, 6 p.m.

Eufaula vs. Roland, 7:30 p.m.

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Heritage Hall vs. Rejoice Christian, 9 p.m.

Friday’s Games

At Lloyd Noble Center

Millwood-Community winner vs. Kingston-Wyandotte winner, 6:30 p.m.

Heritage Hall-Rejoice Christian winner vs. Eufaula-Roland, 8 p.m.

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Saturday’s Game

At OG&E Coliseum

Championship, 5 p.m.

Class 3A Girls

Wednesday’s Games

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At OG&E Coliseum

Washington vs. Metro Christian, 9 a.m.

Spiro vs. Alva/Freedom, 10:30 a.m.

Anadarko vs. Adair, Noon

Sequoyah Tahlequah vs. Millwood, 1:30 p.m.

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Friday’s Games

At OG&E Coliseum

Washington-Metro Christian winner vs. Spiro-Alva winner, 10 a.m.

Sequoyah Tahlequah-Millwood winner vs. Anadarko-Adair winner, 11:30 a.m.

Saturday’s Game

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At OG&E Coliseum

Championship, 10 a.m.

Class 2A Boys

Thursday’s Games

At OG&E Coliseum

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Dale vs. Vanoss, 4:30 p.m.

Oklahoma Christian Academy vs. Latta, 6 p.m.

Fairland vs. Riverside, 7:30 p.m.

Hartshorne vs. Wewoka, 9 p.m.

Friday’s Games

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At Yukon High School

Dale-Vanoss winner vs. OCA-Latta winner, 3 p.m.

Hartshorne-Wewoka winner vs. Fairland-Riverside winner, 5 p.m.

Saturday’s Game

At OG&E Coliseum

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Championship, 8:30 p.m.

Class 2A Girls

Thursday’s Games

At OG&E Coliseum

Howe vs. Riverside, 9 a.m.

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Hartshorne vs. Fairview, 10:30 a.m.

Vanoss vs. Dale, Noon

Latta vs. Merritt, 1:30 p.m.

Friday’s Games

At Yukon High School

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Howe-Riverside winner vs. Hartshorne-Fairview winner, 10 a.m.

Vanoss-Dale winner vs. Latta-Merritt winner, Noon

Saturday’s Game

At OG&E Coliseum

Championship, 11:45 a.m.

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Nigel Pack, Xzayvier Brown combine for 44 points, lead Oklahoma past Texas in overtime

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Nigel Pack, Xzayvier Brown combine for 44 points, lead Oklahoma past Texas in overtime


AUSTIN — Nijel Pack scored 23 points, Xzayvier Brown added 21 points, and Oklahoma beat Texas 88-85 in overtime in the final regular season game of the season for the two Southeastern Conference sides.

Pack was 7 of 14 from the field and 3 of 7 behind the arc. He scored nine points during a 14-2 second-half run that turned a tie game into a 12-point lead for the Sooners (17-14, 7-11) with fewer than seven minutes remaining. Brown was 8-of-18 shooting with four steals and led with 12 in the first half. Tae Davis added 14 points and nine rebounds.

The Longhorns (18-13, 9-9) held a 40-36 lead at halftime. They were led by Jordan Pope’s 30 points on an inefficient 8-of-25 shooting but was 7 of 18 from behind the arc. Dailyn Swain added 18 points, seven rebounds, eight assists and three steals. Tramon Mark had 17 points. Matas Vokietaitis had 14 points and six rebounds.

The Sooners led by six with 36 seconds to go in regulation, but fouled Mark twice, including on a 3-point attempt that followed a turnover. Mark made all five free throws to make it a one-point game with 15 seconds left.

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A pair of free throws from Davis put the Sooners up three. But Brown fouled Pope on a 3-point attempt, and Pope made all three free throws to tie the game and send it to overtime.

Pope had five in overtime and Mark three for the Longhorns, but Derrion Reid’s five points for the Sooners, including a 3-pointer with 11 seconds left, put the game out of reach.

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Texas lost four of their final five games to finish as the No. 10 seed in the SEC tournament.

Up next

Oklahoma will head to the SEC tournament as the 11 seed to face No. 14 seed South Carolina in the first round on Wednesday.

Texas faces No. 15 seed Mississippi on Wednesday.



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