Agreement foresees that 100 GreenPower vehicles will be purchased by ABC over the next 36 months; Partnership to capitalize on lucrative funding for zero emission vehicles in New York State; Deliveries will start in 2020
LOS ANGELES, seven Jan. 30, 2020 / CNW / – GreenPower Motor Company Inc (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission electric-powered medium and heavy-duty vehicles, today announced a formal concession agreement with ABC Bus, Inc (« ABC ») that will cover New York State The agreement provides for the purchase of 100 vehicles by ABC over the next 36 months, including the purchase of two EVs Stars within thirty days
ABC was founded in 1950 and has 10 locations with over 500 employees across the United States GreenPower and ABC are poised to capitalize on various fundraising programs in New York State, including the NYSERDA Clean Truck Program and New York Voucher Incentive Program, which offers incentives of up to $ 100,000 off the purchase price of Class 4 battery-powered electric trucks and public transit buses and up to $ 90,000 from the purchase price of the Class 4 battery electric school and shuttles
« New York State has set itself an ambitious goal of being carbon neutral by 2050 Transport is the fruit at hand and New York can immediately start making progress towards this goal by deploying vehicles zero GreenPower emissions within their fleet, ”said Brendan Riley, President of GreenPower“ By partnering with ABC in this territory, our future customers will be supported by one of the world’s most respected transportation solutions providers. countryWe are excited to start with the first deliveries from this year and plan to accelerate thereafter in early 2021 »
Part of NYSERDA and New York Voucher Incentive Programs requires a physical location and a technical support component to be eligible for funding After several months of working on the logistics of setting up a new dealership for this territory , GreenPower and ABC are ready to start aggressively pursuing this market
About GreenPower Motor Company Inc GreenPower designs, builds and distributes a full line of high and low floor vehicles, including transit buses, school buses, shuttles, van and double decks GreenPower uses a clean design to manufacture fully electric buses which are specially designed to be battery powered with zero emissionsGreenPower integrates global suppliers for key components, such as Siemens or TM4 for drive motors, Knorr for brakes, ZF for axles and Parker for dashboard and control systems This OEM platform enables GreenPower meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements For more information visit wwwgreenpowerbuscom
Forward-looking statements This document contains forward-looking statements relating, among other things, to the business and operations of GreenPower and the environment in which it operates, which are based on operations, estimates, forecasts and projections of GreenPower forward-looking statements are not based on historical facts, but rather on current expectations and projections regarding future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially from expressed future results or implied by forecasts Statements These statements can generally be identified by the use of forward-looking terms such as « about », « may », « should », « will », « could », « intend », « estimate », « plan » , « anticipate », « expect », « believe » or « continue », or their negative or similar variations These statements are not guarantees of future performance and involve risks and uncertainties difficult to predict, for example if GreenPower will be successful in securing orders under this agreement or if vouchers are available at the time of purchase of such vehicles A number of important factors, including those set forth in other public documents (filed under the company profile on wwwsedarcom) could cause actual results and results to differ materially from those expressed in these forward-looking statements. , readers should not place undue reliance on these 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 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. © 2020 GreenPower Motor Company Inc All rights reserved
For more information: Brendan Riley, President, (510) 910-3377; Ryne Shetterly, vice president of sales and marketing, (909) 954-7530; Mike Cole, Investor Relations, (949) 444-1341, https: // wwwgreenpowerbuscom
World news – CA – GreenPower Adds ABC Bus as Authorized Distributor in New York Market
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