Sacramento Regional Transit District Notifies GreenPower of follow-on purchase of EV Stars
Sacramento Regional Transit District Notifies
GreenPower of follow-on purchase of EV Stars
Porterville, California April 17, 2019 – GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower”) announces Sacramento Regional Transit District (“SacRT”) has notified GreenPower that it will acquire three more EV Stars in partnership with Electrify America who have agreed to fund the balance of the purchase not covered by the California HVIP voucher program, as long as the vehicles are delivered by September 30, 2019.
GreenPower has substantially completed the delivery of six EV Star All-Electric Min–eBuses to SacRT for deployment on its SmaRT Ride service. SacRT provides public transportation for the City of Sacramento and most of Northern Sacramento County. Last year SacRT launched SmaRT Ride, a new on-demand service where customers use a smartphone app to request shuttle rides within a designated service area. SacRT plans on operating its SmaRT Ride shuttle service in 12 Sacramento communities, including the first disadvantaged community to receive the service.
The EV Star seats up to 19 passengers and can be configured with either a Level 2 J-1772 or a CCS DC Fast combo charge system which allows for optimal flexibility in route planning for any duty cycle. EV Stars can be supplied with Wheelchair lifts to meet ADA requirements.
The EV Star is eligible for a base voucher of $90,000 from the California HVIP program and an additional voucher of $10,000 where the vehicle is operated in a disadvantaged community.
For further information contact:
Vice President of Sales and Marketing
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.greenpowerbus.com.
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.