FF EAI Robotics (FFR) and FF Jointly Launch FF Nova, First Embodied AI Humanoid Robot Priced Below $2,500 in U.S., FF Nova Mini, Physical AI Spark Program Curriculum, Nova Reinforcement Learning Developer Program and Developer Community Recruitment

- FF Nova, America's first humanoid robot priced below $2,500. It is an entry-level EAI humanoid robot and a Physical AI lab in a backpack. Designed for developers and the education ecosystem, Nova enables development anytime, anywhere. It brings together reinforcement learning, autonomous intelligence, model-driven capabilities, a native developer platform, and a Skills Store in one humanoid robot.

- The FF Nova device is priced at $2,490, and the Developer Skills Package is priced at $390. Nova will be launched in three phases. Phase One is by invitation only. Phase Two opens to all developers and educational institutions. Phase Three is the full consumer launch. Phase One is limited to 100 units, and the first 20 will be delivered immediately.

- FF Nova Mini, America's first foundational Physical AI education platform built around a true bipedal humanoid, also goes on sale. The device is priced at $299, and the accompanying curriculum at $499. Designed for children and teenagers, it offers an entry point to Physical AI education through hands-on activities that build their understanding of embodied AI.

- FFR and FFAI have launched the FF EAI Education Skills product, the "Physical AI Spark Program Curriculum," further enriching its robotics education ecosystem. The product supports educational institutions and families with Physical AI learning and hands-on practice at different stages and levels.

- FFR and FFAI have launched the Physical AI Reinforcement Learning Developer Program for FF Nova, providing support for reinforcement learning through the NVIDIA Isaac platform. It has also opened limited, invitation-only recruitment for its developer community. Developers may apply for an invitation code through the platform or receive one from an existing developer. Outstanding projects may be eligible for support through the Developer Support Program, helping product sales and the developer ecosystem grow together.

- The full robotics lineup is open for sale through online and offline channels. Online, products will roll out through FF.com, FF Mall, and the official Amazon store. FF Education Season is underway, with Physical AI products, courses, and packages continuing to launch. Robot World 2.0's first year-end shopping season has begun, with limited-time online offers. FF's direct sales team and partners will serve business and consumer customers with product experiences, demos, solutions, pilot programs, and institutional purchasing services.

- FFAI and the American Institute of Aeronautics and Astronautics (AIAA) jointly hosted an engineering and frontier-technology symposium at FFAI headquarters. More than 50 scholars and professors from leading universities and the AI community were invited to discuss data insights, data mining, and other frontier topics. Participants experienced the FF EAI Robotics Education Ecosystem and the "Four-Core Full-Stack AI" ecosystem and products, including the EAI Data Factory, and discussed joining the FFR Developer Platform and contributing to ecosystem development.

- FFR and FFAI signed definitive agreements for FFR to acquire FFAI's robotics assets and business in an all-stock transaction at an approximate $200 million valuation. FFR will issue shares at $2.246 per share, representing an approximately 50% premium. Upon closing, FFR will become the No. 1 U.S.-listed pure-play "Four-Core Full-Stack AI" humanoid and bionic EAI robotics ecosystem company.

LOS ANGELES, Oct. 15, 2026 /PRNewswire/ -- FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) ("FFR" or the "Company"), a U.S.-based Embodied AI ("EAI") robotics company, today announced that it and Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future" or "FF") jointly held a new product launch event. The companies announced that two new robots have officially joined the "One Brain, Multi-forms, Multi-capabilities" FF Robot World 2.0: FF Nova, an entry-level embodied AI humanoid robot priced below $2,500, and FF Nova Mini, a humanoid robot for foundational Physical AI education.

The companies also launched the FF EAI Education Skills product, the "Physical AI Spark Program" Curriculum, and introduced the FF Nova Physical AI Reinforcement Learning Developer Program, together with limited, invitation-only recruitment for the Nova Developer Community.

FFR and FFAI Sign Definitive Agreements to Combine FFAI's Robotics Business

FFR and FFAI signed definitive agreements on October 12, 2026, for FFR to acquire FFAI's robotics assets and business in an all-stock transaction. The parties agreed on a valuation of approximately $200 million for FFAI's robotics business and approximately $60 million for FFR on a fully diluted basis. FFR will issue shares to FFAI at $2.246 per share, representing a premium of approximately 50% to FFR's closing price of $1.50 on the signing date of October 12, 2026.

Upon closing, FFR will become the first U.S.-listed pure-play "Four-Core Full-Stack AI" humanoid and bionic EAI robotics ecosystem company, targeting to remain a top-three overall ranking in the EAI robotics industry over the next five years and make FFR one of the most valuable EAI companies in the Physical AI era. FFR will also continue to advance synergies between its existing RoboShare business and its robotics business across sales, leasing, deployment and recurring services.

FFR has secured up to $10 million in its first round of PIPE financing. The financing is priced at market, with no discount or no warrants, and low associated financing costs, and is structured to minimize equity dilution. To best support investor interests, FFR limited the offering to approximately $10 million to meet its current funding needs while reducing unnecessary equity dilution.

Upon closing, on an as-converted, fully diluted basis, FFAI will hold approximately 65.7% of FFR, with all newly issued shares received in this transaction subject to an 18-month lockup. Management and employees will hold approximately 18.2%, PIPE investors approximately 5.5%, and other FFR stockholders approximately 10.7%. PIPE investors may not sell their shares within six months or before the resale registration statement becomes effective. FFAI, management and employees, and PIPE investors will collectively hold approximately 89.3%. Excluding these holdings, the freely tradable public float will consist of approximately 13 million shares, representing approximately 10.7% of the total.

The signing of these agreements is expected to provide benefits in three key areas. From the capital perspective, the relatively limited public float is expected to reduce the near-term supply of freely tradable shares, supporting the goal of maximizing stockholder value. From the financial perspective, FFR is expected to have almost no debt after closing and move forward with a lighter structure. The income statement, balance sheet, and cash flow statement will be cleaner and provide greater visibility into its significant value. From the business perspective, the transaction is expected to accelerate the realization of FFR's strong operating fundamentals.

FF Nova, America's First EAI Humanoid Robot Under $2,500, an Entry-Level EAI Robot and Physical AI Lab in a Backpack for Developers and the Education Ecosystem; $2,490 for Robot Device, $390 for Developer Skills Package

FF Nova is designed for developers, technology enthusiasts and Physical AI thought leaders, as well as educational institutions, education research centers, training providers and students interested in Physical AI.

FF Nova combines an edge computing platform that is hard to rival in its class with a multimodal sensor array. LiDAR, wide-angle vision, depth sensing, and a circular microphone array work together to support the robot's capabilities. With 20 degrees of freedom across its body, Nova is a true bipedal humanoid that can walk, turn, wave and get back on its feet after being knocked over. It has two modes of movement: walking on two feet to interact with people, or riding on its detachable base for autonomous navigation.

Nova connects to a large voice AI model to support natural conversation and voiceprint recognition. It also supports AI Agent integration, enabling a cloud-based intelligent agent to have a physical body in the real world.

Nova provides native support for the developer platform, including a fully open SDK, a ROS 2 development workflow, and ongoing over-the-air updates. Nova will connect the full Sim2Real reinforcement learning pipeline and provide a Skills Store and developer community so that developer-created capabilities can be shared, reused and potentially monetized in the future.

Designed for developers and the education ecosystem, FF Nova supports development anytime, anywhere. It brings together reinforcement learning, autonomous intelligence, model-driven capabilities, a native developer platform and a Skills Store—five capabilities in one humanoid robot.

Online applications and limited, invitation-only sales for FF Nova are now open. The initial group includes universities and research labs, educational institutions, independent developers, and education innovators. Applicants may apply through the FF Developer Platform at developer.ff.com. Applications are reviewed on a rolling basis, and approved applicants may place orders.

FF Nova will be launched in three phases. Phase One is a limited, invitation-only release of 100 units for invited developers and educational institutions, with the first 20 units ready for immediate delivery. Applications must be submitted through developer.ff.com within the seven-day application window. Following the close of the application window, the company will announce the invitation results.