$110,000 voucher to purchase the EV Star for on–property employee shuttle
Porterville, CA May 7, 2018 – GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower”) announces the first sale of the EV Star All-Electric Mini–eBus to the Port of Oakland as an employee shuttle for on–property transportation.
Shuttle operations provided by employers for their employees is one of the fastest growing sectors for heavy-duty and medium duty buses, which combined with substantial vouchers provides a unique opportunity for GreenPower’s EV Star.
The EV Star is an all–electric, emissions–free, 25-foot bus that seats 19 people, with an operational range of 125 – 200 miles on one charge and a lifetime of 15+ years. The EV Star can also be configured to accommodate wheelchairs or mobility aids. GreenPower has ten EV Stars in production, which are expected to be completed in June.
“The EV Star has the right range, passenger accommodations, expected service life, and price point to make this a popular choice among agencies and fleet operators who are looking to increase efficiency, cut cost, and reduce emissions,” said Brendan Riley, President. “GreenPower has commitments from customers for all ten EV Stars, and we will be commencing production on the next tranche imminently.”
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, 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 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:
GreenPower Motor Company
Brendan Riley, President
(510) 910-3377
Elevator Communications, LLC
John Reed, Media Relations
(415) 846-4862
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 expressed in U.S. dollars. © 2018 GreenPower Motor Company Inc. All rights reserved.
