LOS ANGELES, Sept. 25, 2020 /PRNewswire/ -- 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 GreenPower's
EV Star has been selected as an eligible vehicle for the Morongo
Basin Transit Authority ("MBTA") and California Association for
Coordinated Transportation ("CalACT") purchasing cooperative RFP
for zero emissions shuttles. This two-year contract allows CalACT
members, including transit authorities, other public agencies and
non-profits assigned by MBTA, to purchase up to 150 zero-emission
vehicles per year. GreenPower's dealer Creative Bus Sales is only
one of four dealers, representing select models of electric
shuttles, including GreenPower's EV Star, that are qualified to
sell under the contract.
CalACT/MBTA provides a California
State compliant purchasing solution that allows transit
properties to meet their procurement needs and get the vehicle they
want in an expedited purchasing cycle that does not require a
lengthy RFP process. GreenPower's EV Star is the only vehicle
out of several all-electric vehicles that are eligible for purchase
under the contract that has been Altoona tested and can be built
under Buy America Compliance.
"Our Award is in the entirely new category that requires purpose
built, from the ground up, medium duty battery electric buses.
Also, the process to get on the purchasing cooperative is lengthy
because CalACT wants to confirm that vendors are doing exactly what
they represent to the industry. This process included a factory
tour to ensure that our processes are in line with industry wide
best practices. GreenPower's quality assurance programs were
rigorously reviewed by some of the industry's most notable transit
professionals and we passed with flying colors," stated
Brendan Riley, President of
GreenPower. "This is where our EV Star being made under
Buy America Compliance and having passed Altoona becomes a
significant competitive advantage. We are optimistic that
GreenPower's inclusion in this contract will drive increased demand
for the EV Star from a host of buyers that use this type of
contract to purchase all of their vehicles."
On September 23, 2020 Gavin
Newsom, the Governor of the State of
California, signed executive order number N-79-20 directing
the Air Resource Board to develop medium and heavy-duty vehicle
regulations requiring increasing volumes of new zero-emission
trucks and buses sold and operated in California towards the target of 100%
zero-emission vehicles by 2045. The Executive Order also
requires a Zero-Emissions Vehicle Market Development Strategy by
January 31, 2021.
Riley continued, "The executive order signed by Governor Newsom
will act as a massive catalyst for EV adoption across California and will likely serve as a template
for other states to follow. The recent California wildfires have stirred the debate
on the need to accelerate the adoption of EV for the benefit of the
climate. This action by Governor Newsom is a clear indication
that the support of a transition to zero emission transportation
solutions is a major priority for the state."
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 such as whether the executive order signed by
Governor Newsom will act as a massive catalyst for EV adoption
across California and serve as a
template for other states to follow, or are beyond GreenPower's
control, such as whether GreenPower will be successful in securing
orders for EV Stars from the CalAct contract. 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.
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SOURCE GreenPower Motor Company