Thermalito Union Elementary School District Approves Purchase of Six All-Electric School Buses From GreenPower
GreenPower Motor Company (NASDAQ:GP) announced the sale of six electric school buses to Thermalito Union Elementary School District via Creative Bus Sales. The B.E.A.S.T. buses have a range of up to 150 miles, supported by a 194.5kWh battery pack. Funding for one bus comes from Butte County's clean vehicle incentive program, while five buses are financed through the California Clean Energy Jobs Act, which has awarded over $1.7 billion for zero-emission transport. This sale exemplifies GreenPower's strategy to leverage multiple incentive programs as the transition to electric vehicles accelerates.
- Sale of six electric school buses enhances market presence.
- Funding from Butte County and California Clean Energy Jobs Act supports sales.
- GreenPower's electric buses aim to improve air quality and safety for students.
- None.
California Schools Continue Transition to Zero-Emissions Transportation
LOS ANGELES, Nov. 13, 2020 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ:GP) (TSXV:GPV) ("GreenPower") a leading manufacturer and distributor of zero emissions electric powered vehicles serving the cargo delivery, shuttle, transit, and school bus markets, today announced the sale of six electric school buses (B.E.AS.T.), to Thermalito Union Elementary School District through Greenpower's national distributor Creative Bus Sales.
The B.E.A.S.T. is a purpose-built Type D Battery Electric School bus with a leading class range of up to 150 miles and a 194.5kWh battery pack. The vehicles can charge up to 20KW on standard J1772 protocol and has CCS1 fast charging, with additional standard features like air ride suspension, pass through storage, and air disk brakes. The B.E.A.S.T. offers a Monocoque chassis design built from the ground up to be battery electric.
Butte County Air Quality Management District (AQMD) will be funding the purchase of one school bus through their clean vehicle incentive program. AQMD's mission is to protect the community and the environment of Butte County from the harmful effects of air pollution. Their clean vehicle incentive programs offer grants to aid in the reduction of emissions and the impact of air quality.
Five of GreenPower's electric school buses will be funded through the California Clean Energy Jobs Act (CEC) Prop 39. The CEC Prop 39, has awarded schools more than
Brendan Riley, President of GreenPower commented, "The sale of six units to the Thermalito Union School District is a great example of how GreenPower is working with customers and our sales partners to leverage multiple incentive programs to bring our all-electric school bus to market. This is a trend we expect to accelerate within California, then spread to other states as a template." Mr. Riley continued, "Our sales team has been working exhaustively to further our first mover advantage in the purpose built all-electric school bus market and we have high expectations as the transition to EV accelerates for the sector."
Ryne Shetterly, VP of Sales and Marketing also commented, "Our purpose-built, zero-emissions, electric school bus was created with the health and safety of children in mind, as our all-electric school buses do not produce the toxic emissions produced by diesel buses. The B.E.A.S.T. showcases how overall safety and efficiency is our number one priority." Mr. Shetterly adds, "Creative Bus Sales has worked hard with GreenPower to bring together demonstrations to school districts. The sales team at Creative Bus Sales is one of the best in the business and we will continue to proudly partner with them and push deals forward."
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, 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
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 "upon", "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. 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. © 2020 GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company
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