GreenPower Delivers 3 EV350 All-Electric Transit Buses to the City of Porterville
Porterville, California March 28, 2019 – GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower” or the “Company”) announces the delivery of three EV350 all-electric transit buses to the City of Porterville (the “City”) for total revenue of $2.5 million. This brings the City’s electric bus fleet to eight EV350’s, which have replaced Porterville’s existing CNG (compressed natural gas) powered transit buses. GreenPower has substantially completed the final two EV350 all-electric transit buses for Porterville’s ten bus order, which are set for delivery to the City in the next quarter.
The City’s route requirements range from 190 miles to 230 miles each weekday. GreenPower configured these buses with over 430 kWh of batteries (standard configuration is 320 kWh) to handle these requirements. The EV350 was designed and built by GreenPower, a leading manufacturer of all-electric buses.
The City of Porterville is located in the San Joaquin Valley, which has some of the worst air pollution in the United States. The benefits of deploying the EV350 all-electric buses include cleaner air and quieter operation.
For further information contact:
Brendan Riley
President
(510) 910-3377
Fraser Atkinson
Chairman
(604) 220-8048
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.greenpowermotor.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 “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. These statements are not guaranteeing of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower’s control, such as the regulations and requirements in different jurisdictions. 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. All amounts in U.S. dollars. © 2019 GreenPower Motor Company Inc. All rights reserved.
