First EV250 and two EV350’s to be leased through San Joaquin Valley Equipment Leasing
PORTERVILLE, Calif., Nov. 20, 2018 (GLOBE NEWSWIRE) -- GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF)
(“GreenPower”) announces that the Company has received an order for five EV250 all-electric thirty-foot low floor transit buses and
three 100kW DC fast charging stations for deployment as employee shuttles. Total value of this order is over $2.5
Million.
The EV250 thirty-foot, purpose built all-electric bus has seating and standees for 40 passengers, is ADA
compliant and has a range of up to 150 miles on a single charge. The EV250 can be configured with multiple charging options
including Level 2 on-board charging or Level 3 DC fast charging.
GreenPower expects to deliver the first EV250 before the end of next month and this vehicle will be leased
through San Joaquin Valley Equipment Leasing Inc, our subsidiary. The remaining four EV250’s will be delivered through
2019.
San Joaquin Valley Equipment Leasing Inc. has also entered into a lease agreement with Zero Trans, a
zero-emissions, Fixed Route Shuttle Service Provider to lease two GreenPower EV350 forty-foot low floor all-electric
buses.
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.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 “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.
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 in U.S.
dollars. © 2018 GreenPower Motor Company Inc. All rights reserved.
For further information contact: Brendan Riley President (510) 910-3377
