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Atlas Energy Solutions and Kodiak Announce Agreement For Autonomous Trucking Technology
Atlas Energy Solutions Inc. (NYSE: AESI) and Kodiak Robotics, Inc. announced that the two companies have entered into an agreement whereby Kodiak will outfit new Atlas high-capacity trucks with Kodiak’s autonomous driving technology.
The two companies have already completed their first driverless delivery of frac sand in West Texas’s Permian Basin. The 21-mile delivery transported Atlas’s high-quality frac sand from an Atlas depot to a wellsite with no one inside the cab.
The companies also announced that Atlas has placed an order for Kodiak-equipped driverless trucks that will deliver frac sand across the Permian Basin’s existing infrastructure of private lease roads. Early next year, Atlas plans to launch commercial operations using its first two trucks equipped with the Kodiak Driver, Kodiak’s industry-leading autonomous system.
Under the agreement, Kodiak will provide its technology to Atlas via a driver-as-a-service licensing agreement. Atlas will own the trucks, and Kodiak will provide the Kodiak Driver’s fully-redundant, platform-agnostic, hardware and software stack designed for scalable driverless deployment. Kodiak will also provide operational support services, including remote monitoring from its operations center in Lancaster, Texas.
🛢️ Atlas Energy Solutions Inc. Launches Initial Public Offering
Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas”) announced today that it has launched an initial public offering of 18,000,000 shares of its Class A common stock (“Common Stock”) at an anticipated initial offering price between $20.00 and $23.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Atlas intends to grant the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of its Common Stock. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “AESI,” subject to official notice of issuance.