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GreenPower Motor Company Inc V.GPV

Alternate Symbol(s):  GP

GreenPower Motor Company Inc. is a Canada-based company, which designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. The Company employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This original equipment manufacturer (OEM) platform allows the Company to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. The Company has its primary operational facilities in southern California. Its product line EV Star CC, EV Star CC RHD, EV Star, EV Star +, EV Star Cargo, EV Star Cargo +, AV Star, Nano BEAST, BEAST, EV250, EV350, and EV500 & EV550.


TSXV:GPV - Post by User

Post by johnnybgood445on Jul 20, 2020 10:16pm
746 Views
Post# 31293859

GPV's newest product - EV Star CC

GPV's newest product - EV Star CC

Brendan Riley

Good afternoon, and thank you, Fraser. It is really a distinct pleasure to be here speaking with you all today. As Fraser mentioned, the first half of the year has definitely been filled with both challenges and opportunities. One opportunity I'm tremendously excited about is our newest product to be released, that is the EV Star CC, which stands for cab and chassis.

This is being built on our popular EV Star platform and shares about 98% of the components with the EV Star, but does not have a van body. It looks like a pickup truck without the bed and is really ideal for vehicle upfitters who want to have an OEM platform to build on. Examples of these upfitted vehicles are a delivery truck, box truck, cargo transport trucks, garbage trucks, shuttle buses, high base school buses, RVs, ambulances, aerial bucket trucks and street sweepers, just to name a few. As you can imagine, a variety of those use cases are very timely in the current environment, and with the EV Star CC it allows us to address this huge market with a product unlike anything that's currently available from any competitive product manufacturer.

As the economy opened up in June, we were able to complete a sales trip across the Midwest. VP of Sales, Ryan Shetterly and myself went from the U.S. Midwest all the way to Florida. We brought the EV Star and EV Star CC with us to some of these vehicle upfitters, and even some fleets to let them see, touch and drive the EV Star CC and the EV Star themselves. We had amazing feedback, so standby for some amazing news we're going to have as these deals develops.

As many publicly traded companies in the space have reflected, the pace of EV adoption continues to accelerate substantially. Just last week, 15 states and the district of Columbia announced a joint MOU, memorandum of understanding, committing to work collaboratively to advance and accelerate the market for electric medium and heavy duty vehicles, including large pickup trucks, vans, delivery trucks, box trucks, school and transit buses, and even long haul delivery trucks otherwise known as big rakes.

The goal is to ensure that a 100% of all the medium and heavy duty vehicles fail be zero mission by the year of 2050 with an interim target of 30% zero emission vehicle sales by 2030. This follows our strategy on focusing on markets that have mandates and money, because the compelling nature of our products and the excellent price point relative to our competition, we expect to see national sales skyrocket as a result of these mandates. We have some other really exciting and interesting news about more potential for the EV Star.

Autonomous vehicle control and wireless charging. Right now, we have an EV Star that's currently being modified for full autonomous use in transit operations by our partner Perrone Robotics. This vehicle will be delivered to the Jacksonville Transit Authority by this fall, and will be put into service shortly thereafter for full transit use. Also, GP is working with Momentum Dynamics to create a wirelessly charged EV Star and then produce it on our full EV Star line. This will work with a whole family of EV Stars, and will allow these vehicles to charge simply by stopping over an in ground charging pad. And the fast charging is now relatively inexpensive and has a potential to take away range anxiety from a lot of the operators using these vehicles.

Also with the completion of Altoona and Buy America compliance, we now have access to regular federal funding and NoLo grants to help our EV Star products get into the hands of transit properties from coast to coast. Our Altoona test score of 92.2 out of 100, which is a second highest score ever recorded for both internal combustion vehicles and EVs, is a tremendous testament to our product offerings.

 

In addition, our unscheduled service maintenance used only 15 hours out of an allocation of 125 hours, about 12%, validating the ease of operation and the compelling nature of EVs as a product. Our EV Star is ideally positioned now, the transit properties are rethinking their large bus and scheduled fixed route service, leaning towards smaller vehicles and flexible micro transit that takes care of the first and the last mile for the riding public.

I would like to invite all of you to visit our Web site to view some of recent testimonials and news segments where you can hear firsthand what our customers, such as San Diego Parking are saying about the EV Star product. Their comments highlight why I am so proud of what GreenPower team has accomplished and why we're so excited about the future. I would like to thank you for your time today.

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