GreenPower Receives $1.1 Million Order for Three Synapse 72 All-Electric School Buses
Porterville, California – October 19, 2017 – GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower”) has received an order for three of its Synapse 72 all-electric school buses for the Calaveras Unified School District (“Calaveras”). The order was placed through GreenPower’s California factory direct dealer, School Bus Sales of California, Inc., an ADOMANI, Inc. (NASDAQ: ADOM) owned company.
In total, the order is for more than $1.1 million. GreenPower expects to deliver all three buses by the summer of 2018.
Located near Sacramento, Calaveras operates a fleet of approximately 40 school buses to support the transportation needs for roughly 2,700 students attending the schools in this District.
“This win is a major breakthrough for GreenPower as it marks the first customer order for our Synapse 72, the industry’s first purpose-built, all-electric school bus,” said GreenPower’s President Brendan Riley. “This is just the beginning of GreenPower’s pursuit to bring Safe, Sustainable Student Transportation to the marketplace. Stay tuned!”
About GreenPower Motor Company Inc.
GreenPower Motor Company Inc. develops electric powered vehicles for commercial markets. GreenPower offers a range of electric powered buses deploying electric drive and battery technologies with a lightweight chassis and low floor or high floor body. GreenPower’s bus is based on a flexible clean sheet design and utilizes a custom battery management system and a proprietary Flex Power system for the drive motors. GreenPower integrates global suppliers for key components such as Siemens for the two 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.
About School Bus Sales of California, Inc.
School Bus Sales of California Inc., is a wholly-owned, new vehicle distribution focused division of ADOMANI, Inc. (NASDAQ: ADOM) a provider of zero-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. School Bus Sales of CA assists school bus fleet operators in unlocking the benefits of green technology and addressing the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance.
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 guarantees 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.
For further information contact:
Fraser Atkinson, Chairman
(604) 220-8048
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. © 2017 GreenPower Motor Company Inc. All rights reserved.
