ADOMANI and Blue Bird Introduce All-New Electric School Bus
July 13 2017 - 11:57PM
ADOMANI, INC. (Nasdaq:ADOM), a California-based provider of
advanced zero-emission and hybrid vehicle drivetrain solutions and
purpose-built electric vehicles, with its partner, Blue Bird
Corporation (Nasdaq:BLBD), the nation’s leading independent
manufacturer of school buses, unveiled the first Type D
All-Electric School Bus in the past 20 years on July 11, 2017.
The reveal took place at the Student
Transportation News Expo and Trade Show held in Reno, Nevada. After
an introduction of team members, Phil Horlock, President and CEO of
Blue Bird, provided a brief summary of Blue Bird’s substantial
leadership position in alternative-fueled school buses. His team
then pulled the cover off the bus to rapturous applause from an
overflow crowd of school bus dealers, transportation directors from
across the country, and representatives from public utilities
attending the show. Jim Reynolds, a 16-year veteran of the
school bus industry and President and CEO of ADOMANI, expressed his
excitement at the unveiling: “We are pleased to be working with
Blue Bird, a trusted partner and long-time leader in the school bus
industry, to help produce its first all-electric bus in two
decades. This new Type D All-Electric School Bus will allow us to
enter a new era of clean energy that will deliver a significant
reduction in greenhouse gases. By leveraging state-of-the-art
drivetrain and modern battery technology, we will be able to
provide school districts and contractors with a reliable,
cost-effective and zero-emissions transportation solution.
This benefits our children, our communities and our environment at
large.”
As a supplier of all-electric and hybrid fleet
vehicle solutions, this announcement marks ADOMANI’s first
opportunity subsequent to its initial public offering and
successful Nasdaq listing to accelerate the design, manufacture and
marketing of its zero-emission drivetrains for new vehicles and for
use in existing vehicles, including school buses and
medium-to-heavy-duty commercial fleet vehicles. The Blue Bird Type
D All-Electric School Bus is projected to have a 100-mile range
between charges and we expect it will be available in early
2018.
About ADOMANI,
Inc. California-based ADOMANI, Inc. provides school
bus and fleet operators with zero-emission vehicle and plug-in
hybrid solutions. ADOMANI brings together proven electric
drivetrain technology, customized products, and trusted service
partners to cut total cost of ownership, boost vehicle reliability,
and unlock the many benefits of green technology. For more
information, visit www.adomanielectric.com.
Cautionary Statement Regarding Forward
Looking Statements
Statements made in this press release that
relate to future plans, events, financial results, prospectus or
performance are forward-looking statements as defined under the
Private Securities Litigation Reform Act of 1995. While they are
based on the current expectations and beliefs of management, such
forward-looking statements are subject to a number of risks,
uncertainties, assumptions and other factors that could cause
actual results to differ materially from the expectations expressed
in this press release. All statements, other than statements of
historical fact, are statements that could be deemed
forward-looking statements, including statements containing the
words “planned,” “expects,” “believes,” “strategy,” “opportunity,”
“anticipates,” “outlook,” “designed” and similar words. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Except as
required by law, ADOMANI undertakes no obligation to update or
revise any forward-looking statements to reflect new information,
changed circumstances or unanticipated events.
Contact Information
Media Contact:
Tim Gnatek, Blue Practice
Telephone: 415-381-1100
Email: tim@bluepractice.com
Investor Relations Contact:
Michael K. Menerey, Chief Financial Officer
Telephone: (626) 483-3280
Email: mike.m@ADOMANIelectric.com
Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: kevin.k@ADOMANIelectric.com