GreenPower Provides Update on SacRT Orders
Vehicles Expected to be Deployed by the Middle of June
Porterville, California – June 5, 2019 – GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower”) today announced that the Sacramento Regional Transit District (“SacRT”) has received four of the EV Star All-Electric Min-eBuses (“EV Stars”), with the remaining two expected to be delivered in the next two weeks and, separately, that the three additional vehicles ordered in April will be EV Star Transit “Plus” buses – with wheelchair lifts and other ADA features. This latter contract includes three 50kW DC fast-charge stations, to be installed by December 31, 2019, and represents the first order for EV Star Transit Plus models. The EV Star Transit Plus is wider than the standard EV Star and can accommodate multiple ADA spots with a curbside wheelchair lift.
“We’re very pleased to announce the deployment of our EV Stars in Sacramento as well as the order for our first EV Star Transit Plus models there – along with several fast-charge stations to serve the metropolitan Sacramento area,” said Brendan Riley, President of GreenPower Motor Company. “This marks yet another milestone for GreenPower in California, where we’re strategically positioned to benefit from the state’s ongoing initiatives to reduce greenhouse gases and bring EV transportation alternatives to residents in densely-populated areas. We’re proud to have our buses serve a key role in providing renewable energy mobility and assist handicapped individuals meet their daily transit needs.”
SacRT provides public transportation for the City of Sacramento and most of Northern Sacramento County. Earlier in 2018 SacRT launched SmaRT Ride, an on-demand service in which customers use a smartphone app to request shuttle rides within a designated transit area. SacRT plans to operate its SmaRT Ride shuttle service in 12 Sacramento communities, bringing availability to millions of residents.
The EV Star Transit Plus is the only bus in its class that comes with a standard J1772 level 2 and CCS DC fast combo charge system, allowing for optimal flexibility in route planning for any duty cycle. The bus is eligible for a base voucher of $90,000 from the California HVIP program and an additional voucher of $10,000 when the vehicle is operated in a disadvantaged community.
For further information contact:
GreenPower Investor Relations
Chris Witty
cwitty@darrowir.com
(646) 438-9385
Brendan Riley
President
(510) 910-3377
Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530
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 guarantees of future performance and involve risks and uncertainties that are difficult to predict such as the manufacturing of product or are beyond GreenPower’s control, such as the regulations and requirements in different jurisdictions including final approvals for this purchase of vehicles. 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. © 2019 GreenPower Motor Company Inc. All rights reserved.
