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Stock impact report

ECD Auto Design Adds Blackbridge Motors Defenders to Product Lineup

ECD Automotive Design, Inc. (ECDA) 
Company Research Source: GlobeNewswire
KISSIMMEE, Fla., Aug. 27, 2024 (GLOBE NEWSWIRE) -- ECD Automotive Design, Inc. (Nasdaq:ECDA) (“ECDA” or the “Company”), an industry leader in delivering restored, modified and electrified Land Rover Defenders, Jaguars, and other classic and collectible automobiles announced today that it entered into a licensing agreement with Blackbridge Motors to produce branded classic Land Rover Defender SUVs at their Kissimmee, FL facility. The license agreement provides ECD access to Blackbridge’s IP, branding and top-of-funnel marketing support in exchange for a fee and royalty per vehicle sale. Blackbridge Motors is a resto-mod producer of classic Land Rover Defenders that blend heritage style and modern performance. Producing the Blackbridge Defenders allows ECD to expand within the luxury Defender market, increase factory utilization and enhance its industry-leading margins at a luxury price point with a fully bespoke customization package. Over the past three years, Blackbridge has aver Show less Read more
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