GreenPower Motor Company Receives Second Order from Top Rated
University; Purchase Supported by Funding from VW Mitigation
Settlement
LOS ANGELES, Nov. 24, 2020 /CNW/ -- GreenPower
Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a
leading manufacturer and distributor of zero emissions electric
powered medium and heavy duty vehicles, announces that the
University of California, Los Angeles
("UCLA") will add a third EV Star to
their fleet.
The first two GreenPower EV Star Min-E shuttles ordered by UCLA
Transportation are being used by UCLA Health and are transporting
patients and visitors, as well as staff and faculty working at the
medical centers. The third unit will be used for Bruinaccess
which is a complimentary paratransit service provided by
UCLA for qualified individuals curb to
curb rides from most points on or near campus. The initial order
was delivered in the summer of 2020 and has received incredibly
positive feedback from the operators and fleet managers. The third
unit was delivered in the early part of November. Part of the
EV Star purchase was covered by the California VW Mitigation
settlement which covers up to $160,000 of the vehicle cost and requires the
scrapping of a model year 2009 with a GVWR of over 14,000
lbs.
Ryne Shetterly, Vice President of
Sales and Marketing at GreenPower commented, "This is our fifth
customer within the GreenPower Motor Company customer portfolio
that has placed a follow-on order after running our EV star for an
initial evaluation period." Mr. Shetterly continued, "UCLA is one of the most prestigious universities in
the country and we look forward to continuing to assist them in
their transition towards a zero emissions fleet."
Brendan Riley, President of
GreenPower added, "This follow on order with UCLA represents our first use of VW Mitigation
settlement to facilitate the purchase of an EV Star. Our goal at
GreenPower is to leverage every possible incentive while available
and this transaction highlights the increasing diversity of
programs we are utilizing." Mr. Riley concluded, "I think it
goes without saying that it is a tremendous honor to see GreenPower
EV Stars serving the UCLA
campus."
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 Statements
This 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 "upon",
"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, or are beyond GreenPower's control. 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. © 2020 GreenPower Motor Company Inc. All
rights reserved.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/greenpower-delivers-additional-ev-star-to-ucla-for-bruinaccess-301179398.html
SOURCE GreenPower Motor Company