GreenPower Delivers Eight EV Stars to Creative Bus Sales
30 Julho 2019 - 9:30AM
GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF)
(“GreenPower”) today announced that it has delivered eight EV Star
All-Electric Min-eBuses (“EV Stars”) to Creative Bus Sales
(“Creative”) for a total of ten EV Stars for the month of July. As
previously announced, GreenPower received an order in 2018 for 100
buses from Creative, the nation’s largest bus dealer for sales,
parts and service. With 19 physical locations, a 75-person sales
team, and 200-plus service and support staff, Creative sold
thousands of buses in the U.S. last year and represents over 20 of
the top bus manufacturers.
“We’re pleased to announce that an additional
eight buses have been delivered to Creative, as we continue to
execute on our long-term contract with this important partner,”
said Brendan Riley, President of GreenPower Motor Company. “Given
the Company’s current order book of over 200 buses – most to be
delivered over the next year – GreenPower is in an excellent
position to post strong top line growth going forward. Creative is
not only a key factor in our strategy due to its size and market
presence, but the firm can distribute and service our vehicles
almost anywhere across the U.S. – thus expanding our visibility in
areas outside California.”
GreenPower has now delivered 24 EV Stars to the
following customers: Sacramento Regional Transit, University of
California San Francisco, Port of Oakland, San Diego Parking
Company, Green Commuter and now Creative Bus Sales. The recent
expansion in Porterville California will be focused on the
increased production of EV Stars. In February, the Company
commenced production of 30 EV Stars, 15 of which have been
delivered. In June, GreenPower commenced production on an
additional 50 EV Stars where management expects 16 of these to be
completed and ready for delivery at the end of August. Management
anticipates that production will continue to increase month over
month and is targeting over 30 units per month by the end of the
calendar year.
The EV Star is the only bus in its class that
comes with a standard J1772 level 2 and CCS DC fast charge combo
system, allowing for optimal flexibility in route planning for any
duty cycle. The EV Star is eligible for a base voucher of $90,000
from the California HVIP program and an additional voucher of
$10,000 when the vehicle is operated in a disadvantaged
community.
For further information contact:
Brendan Riley President (510) 910-3377
Ryne Shetterly Vice President of Sales and
Marketing (909) 954-7530
GreenPower Investor RelationsChris Witty(646)
438-9385
About GreenPower Motor Company
Inc.GreenPower designs, builds and distributes a full
suite of high-floor and low-floor vehicles, including transit
buses, school buses, shuttles, a cargo van and a double decker.
GreenPower employs a clean-sheet design to manufacture all-electric
buses that are purpose built to be battery powered with zero
emissions. GreenPower integrates global suppliers for key
components, such as Siemens or TM4 for the drive motors, Knorr for
the brakes, ZF for the axles and Parker for the dash and control
systems. This OEM platform allows GreenPower to meet the
specifications of various operators while providing standard parts
for ease of maintenance and accessibility for warranty
requirements. For further information go to
www.greenpowerbus.com
Forward-Looking StatementsThis
document contains forward-looking statements relating to, among
other things, GreenPower’s business and operations and the
environment in which it operates, which are based on GreenPower’s
operations, estimates, forecasts and projections. Forward-looking
statements are not based on historical facts, but rather on current
expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements. These statements generally can
be identified by the use of forward-looking words such as “may”,
“should”, “will”, “could”, “intend”, “estimate”, “plan”,
“anticipate”, “expect”, “believe” or “continue”, or the negative
thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict such as the manufacturing of product or are
beyond GreenPower’s control, such as the regulations and
requirements in different jurisdictions including final approvals
for this purchase of vehicles. A number of important factors
including those set forth in other public filings (filed under the
Company’s profile on www.sedar.com) could cause actual outcomes and
results to differ materially from those expressed in these
forward-looking statements. Consequently, readers should not place
any undue reliance on such forward-looking statements. In addition,
these forward-looking statements relate to the date on which they
are made. GreenPower disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. All amounts in U.S.
dollars. © 2019 GreenPower Motor Company Inc. All rights
reserved.
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