California Schools Continue
Transition to Zero-Emissions Transportation
LOS ANGELES, Nov. 13, 2020 /CNW/ -- GreenPower Motor Company
Inc. (NASDAQ:GP) (TSXV:GPV) ("GreenPower") a leading manufacturer
and distributor of zero emissions electric powered vehicles serving
the cargo delivery, shuttle, transit, and school bus markets, today
announced the sale of six electric school buses (B.E.AS.T.), to
Thermalito Union Elementary School District through Greenpower's
national distributor Creative Bus Sales.
The B.E.A.S.T. is a purpose-built Type D Battery Electric School
bus with a leading class range of up to 150 miles and a 194.5kWh
battery pack. The vehicles can charge up to 20KW on standard J1772
protocol and has CCS1 fast charging, with additional standard
features like air ride suspension, pass through storage, and air
disk brakes. The B.E.A.S.T. offers a Monocoque chassis design built
from the ground up to be battery electric.
Butte County Air Quality Management District (AQMD) will be
funding the purchase of one school bus through their clean vehicle
incentive program. AQMD's mission is to protect the community and
the environment of Butte County
from the harmful effects of air pollution. Their clean vehicle
incentive programs offer grants to aid in the reduction of
emissions and the impact of air quality.
Five of GreenPower's electric school buses will be funded
through the California Clean Energy Jobs Act (CEC) Prop 39. The CEC
Prop 39, has awarded schools more than $1.7
billion over the last five years to plan and install energy
efficiency upgrades, clean energy generation measures, and zero
emissions transportation.
Brendan Riley, President of
GreenPower commented, "The sale of six units to the Thermalito
Union School District is a great example of how GreenPower is
working with customers and our sales partners to leverage multiple
incentive programs to bring our all-electric school bus to market.
This is a trend we expect to accelerate within California, then spread to other states as a
template." Mr. Riley continued, "Our sales team has been
working exhaustively to further our first mover advantage in the
purpose built all-electric school bus market and we have high
expectations as the transition to EV accelerates for the
sector."
Ryne Shetterly, VP of Sales and
Marketing also commented, "Our purpose-built, zero-emissions,
electric school bus was created with the health and safety of
children in mind, as our all-electric school buses do not produce
the toxic emissions produced by diesel buses. The B.E.A.S.T.
showcases how overall safety and efficiency is our number one
priority." Mr. Shetterly adds, "Creative Bus Sales has worked hard
with GreenPower to bring together demonstrations to school
districts. The sales team at Creative Bus Sales is one of the best
in the business and we will continue to proudly partner with them
and push deals forward."
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, 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. 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