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Project Oliver is ECD’s Bold Nod to the Urban SUV lifestyle, Melding Classic Defender Ethos with Modern Performance
Globenewswire· 2025-09-03 12:04
Core Concept - ECD Automotive Design introduces Project Oliver, a bespoke 1996 Land Rover Defender D110 that combines rugged performance with luxury design, reflecting the individuality of its clients [2][5]. Company Overview - ECD Automotive Design is a public company trading under ECDA on Nasdaq, specializing in the restoration of luxury vehicles, blending classic aesthetics with modern performance [9]. - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles, with each vehicle taking approximately 2,200 hours to hand-build [9]. Product Specifications - Project Oliver features a robust LT1 V8 engine paired with a 10-speed automatic transmission, designed for both on-road and off-road performance [3][8]. - The vehicle includes advanced features such as a central locking differential, heavy-duty axles, BREMBO brakes, and ECD's signature Air Ride suspension [3][8]. - The exterior is finished in Mercedes-Benz Obsidian Black Metallic, with custom details like ceramic-coated dual exhaust tips and a bespoke steering guard [4][8]. Interior Features - The interior of Project Oliver is crafted for comfort and durability, featuring premium black leather with diamond stitching and a black suede headliner [5][8]. - It includes modern technology upgrades such as a touchscreen infotainment system with CarPlay, premium audio, and a 360° external camera system [6][7][8]. Customization and Craftsmanship - Each vehicle produced by ECD is fully bespoke, designed by the client through a luxury design experience, ensuring that every detail reflects the owner's individuality [5][9]. - The company employs master-certified Automotive Service Excellence craftsmen, with a combined total of 80 ASE certifications and five master-level certifications [9].
ECD Automotive Design Reports Second Quarter 2025 Financial Results; Record Quarterly Revenue of $7M and Expansion of Product Offering with Legendary Mustang
Globenewswire· 2025-08-20 12:15
Core Insights - ECD Automotive Design, Inc. reported record revenue of $7.0 million for Q2 2025, up from $6.5 million in the same quarter last year, driven by bespoke demand and manufacturing efficiencies [5][7] - The company experienced a decline in gross profit to $1.4 million from $2.1 million year-over-year, primarily due to tariff impacts [5][7] - ECD's net loss increased to $4.3 million in Q2 2025, compared to a net loss of $2.0 million in the same quarter last year, attributed to reduced margins and increased general and administrative expenses [7][10] Financial Performance - Revenue for Q2 2025 was $7.0 million, a 7.7% increase from $6.5 million in Q2 2024 [7][9] - Gross profit decreased to $1.4 million, reflecting a decline of 32.8% from $2.1 million in the prior year [7][9] - Operating expenses rose to $4.0 million, an increase of $1.4 million from the previous year [9] - The operating loss for Q2 2025 was $2.6 million, compared to a loss of $0.5 million in Q2 2024 [10] Strategic Developments - ECD launched its first Mustang build in partnership with Roush Performance, expanding its product portfolio into the American muscle car category [6][8] - The company secured a $500 million equity facility aimed at accumulating Bitcoin as a primary reserve asset and funding growth initiatives [7][8] - Seasonal pop-up retail locations in Nantucket, MA, and West Palm Beach, FL, have contributed positively to order backlog and sales, serving as engagement hubs for the brand [6][8] Management Changes - Victoria Hay was appointed as Chief Financial Officer effective August 15, 2025, bringing experience from growth-stage public companies [7][8] - Ben Piggot will transition to Director of Corporate Development, focusing on strategic initiatives including mergers and acquisitions [7][8]
A Collector's Dream in Olive Yellow Green, This 1995 Defender 110 Was Built for the Open Horizon
GlobeNewswire News Room· 2025-08-19 12:05
Core Concept - ECD Automotive Design introduces Project Daybreak, a custom-built Defender 110 that combines rugged capability, refined comfort, and timeless heritage, aimed at both urban and adventurous driving experiences [2][7]. Vehicle Specifications - Project Daybreak features a 430-horsepower LS3 V8 engine paired with a 6-speed automatic transmission, ensuring responsive performance across various terrains [3][8]. - The vehicle is equipped with ECD Air Ride suspension for a smooth ride, heavy-duty stock axles, robust disc brakes, and 18-inch Cornish Cream Sawtooth wheels with BFG All-Terrain tires [3][8]. Design and Comfort - The exterior showcases meticulous detailing, including a Heritage-style grille, Zermatt Silver accents, and fold-down steps, reflecting the company's commitment to perfection [4]. - Inside, the vehicle offers RECARO Orthoped front seats in chocolate brown leather, heated and cooled front seats, and a combination of black leather and French Oak wood accents, creating a functional yet inviting environment [5][6]. Technology Integration - Project Daybreak incorporates modern technology with features such as a touchscreen stereo with wireless CarPlay, Pioneer audio system, 360-degree camera view, and remote start capabilities [6][8]. Company Overview - ECD Automotive Design, publicly traded under ECDA on Nasdaq, specializes in restoring luxury vehicles, blending classic aesthetics with modern performance [9]. - Founded in 2013, the company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with extensive certifications in automotive service [9].
ECD Automotive Design to Host Second Quarter 2025 Financial Results Conference Call on Thursday, August 21, 2025
Globenewswire· 2025-08-19 12:00
Group 1 - ECD Automotive Design, Inc. plans to review its operating and financial results for the second quarter ended June 30, 2025, on August 21, 2025, at 8:30 a.m. E.T. [1] - The conference call will be hosted by CEO Scott Wallace and CFO Victoria Hay [2] - A telephonic replay of the conference call will be available through September 4, 2025 [4] Group 2 - ECD is the world's largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][4] - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 102 staff, including 67 craftsmen and technicians [4] - ECD specializes in fully bespoke vehicles, designed by clients through a luxury design experience and hand-built over 2,200 hours by master-certified Automotive Service Excellence craftsmen [4]
ECD Automotive Strengthens Balance Sheet Through $10 Million Debt-for-Equity Exchange and Completes a $999,900 Equity Raise
GlobeNewswire News Room· 2025-08-14 12:30
Core Insights - ECD Automotive Design, Inc. has exchanged $10 million of outstanding convertible promissory notes for 15,000 newly issued shares of Series C Convertible Preferred Stock, and completed a private placement of 1,111 shares for $999,900, enhancing its capital structure [1][2] Financial Transactions - The exchange of convertible notes significantly deleverages the business and reduces cash interest expenses, while the equity raise provides additional working capital for operations and expansion into new high-value geographies [2] Company Overview - ECD is the world's largest Land Rover and Jaguar restoration company, known for custom luxury builds including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [1][3] - Founded in 2013, ECD combines classic English beauty with modern performance, with each vehicle being a bespoke creation designed by the client and hand-built over 2,200 hours by master-certified craftsmen [3] - The company operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 67 craftsmen and technicians with a combined 66 ASE and three master level certifications [3]
This Restored 1999 Defender 110 with an LT1 and French Oak Evokes ‘Old English'
Globenewswire· 2025-08-12 12:05
Company Overview - ECD Automotive Design is a public company trading under ECDA on the Nasdaq, specializing in the creation of restored luxury vehicles that blend classic aesthetics with modern performance [8] - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles [8] - ECD operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers with a combined total of 80 ASE certifications and five master-level certifications [8] Project Pearl Introduction - Project Pearl is a custom-built Defender 110 Signature that combines British heritage with American performance and comfort, featuring a GM LT1 V8 engine producing 455 horsepower [2][7] - The vehicle is designed for owners in Washington State and is characterized as a statement piece with unique features such as 20-inch Kahn Retro Mondial wheels and custom silver metal hardware [4] Design and Features - Project Pearl showcases a sophisticated design with a fully body-colored roll cage, French Oak wood inserts, and a luxurious cabin wrapped in Porsche Nappa Cream leather [3][5] - The vehicle includes modern amenities such as wireless CarPlay, heated seats, Bluetooth audio, and blind spot assistance, making it suitable for daily driving while retaining its rugged character [5] Craftsmanship and Customization - Each ECD build, including Project Pearl, is handcrafted with meticulous attention to detail, taking approximately 2,200 hours to complete by master-certified craftsmen [8] - Custom features include a satin finish on wood grain accents, German square weave carpet, and a variety of luxury touches that elevate the vehicle's overall aesthetic [6][7]
ECD Automotive Design's “Project Wilder” — A Powerful 700+ HP Supercharged California Land Rover Station Wagon
GlobeNewswire News Room· 2025-07-15 12:05
Company Overview - ECD Automotive Design is a public company trading under the ticker ECDA on Nasdaq, specializing in the creation of restored luxury vehicles that blend classic aesthetics with modern performance [10] - Founded in 2013 by three British automotive enthusiasts, the company emphasizes high standards for quality and custom luxury vehicles, with each vehicle being bespoke and hand-built over 2,200 hours by master-certified craftsmen [10] - ECD's headquarters is located in Kissimmee, Florida, featuring a 100,000-square-foot facility with 105 employees, including those with 80 ASE certifications and five master-level certifications [10] Product Highlight: Project Wilder - Project Wilder is a hand-crafted California Land Rover Station Wagon, designed to deliver over 700 horsepower and is ECD's most powerful off-road build to date [2][4] - The vehicle features a supercharged GM Blueprint V8 engine, a 6-speed Magnum T56 manual transmission, and a Borla Sport dual exhaust system, allowing for customizable sound [4][9] - The exterior design includes Eastnor Green paint with Nara Bronze accents, 20-inch Kahn Mondial Retro wheels, and a robust chassis coated in Raptor Liner for durability [3][5][9] Interior Features - The interior of Project Wilder is characterized by luxury, featuring Buffalo Distressed Cuoio leather, Sapele walnut wood trim, and RECARO Orthopeds seats for exceptional comfort [6][7] - Advanced technology includes a panoramic roof, premium audio systems, and modern connectivity features such as CarPlay and digital mirrors [7][9] - Custom elements like a NARDI Kallista wooden steering wheel and handmade controls enhance the vehicle's unique craftsmanship [6][9] Market Positioning - Project Wilder is positioned as a high-end, bespoke vehicle aimed at clients seeking more than just a standard off-road experience; it is marketed as a collector's piece or a dream vehicle [5][8] - The vehicle combines raw power with refined details, appealing to a niche market that values both performance and luxury [8]
ECD Automotive Design Announces Key Initiatives to Right-Size Cost Structure and Support Disciplined Growth
Globenewswire· 2025-06-23 12:30
Core Insights - ECD Automotive Design, Inc. is enhancing operational efficiency and optimizing working capital to strengthen its financial position [1][2] - The company is committed to disciplined growth and has completed a comprehensive review of its cost structure and capital allocation [2] - ECD focuses on sustainable value creation and will continue to seek opportunities to improve efficiency and cash position [2] Operational Initiatives - A holistic bottoms-up cost savings analysis has been conducted to identify and eliminate unnecessary expenditures [5] - The company has identified opportunities to enhance working capital velocity through a strategic review of inventory management practices [5] - ECD has negotiated a waiver with existing lenders, resolving defaults and securing a 12-month grace period from debt service obligations [5] Company Overview - ECD Automotive Design is a public company trading under the ticker ECDA on Nasdaq, specializing in restored luxury vehicles [3] - The company restores various classic vehicles, including Land Rover Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs, and Toyota FJs [3] - ECD was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 67 craftsmen and technicians [3]
ECD Auto Design and Scheel-Mann Team Up to Elevate Classic Defender Comfort
Globenewswire· 2025-06-05 12:32
Core Insights - ECD Automotive Design is enhancing the classic Defender experience through interior upgrades in partnership with German seat manufacturer Scheel-Mann, focusing on comfort, space, and luxury [3][9]. Group 1: Key Enhancements - The introduction of bespoke Scheel-Mann seating, including the Traveller F series front seat known for its long-haul comfort and orthopedic-grade ergonomics, is now available on ECD builds [5]. - The Scheel-Mann LRD Edition features lift-up seat cushions for easy access to the factory battery and toolboxes, improving roadside service efficiency [6]. - Redesigned center consoles now include integrated cup holders, wireless chargers, and lockable compartments, enhancing functionality and comfort [7]. Group 2: Cabin Optimization - Modifications to the floorplan allow front seats to shift significantly rearward, improving comfort for both drivers and passengers while maintaining rear capacity [8]. - The re-engineered rear tub layout enhances middle-row accessibility and overall cabin flow, addressing long-standing comfort issues [8]. Group 3: Company Overview - ECD Automotive Design, trading under NASDAQ: ECDA, specializes in restoring luxury vehicles, combining classic aesthetics with modern performance [10]. - Each vehicle is bespoke, designed by clients through a luxury design experience, and hand-built over 2,200 hours by master-certified craftsmen [10]. - The company was founded in 2013 and operates from a 100,000-square-foot facility in Kissimmee, Florida, employing 105 skilled workers [10].