- Initial deliveries of the BEAST will begin in September
- GreenPower to showcase BEAST today through September 1 at ACT Expo in Long Beach
LOS ANGELES, Aug. 31, 2021 /CNW/ -- GreenPower Motor
Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading
manufacturer and distributor of zero emission electric powered
vehicles serving the cargo and delivery, shuttle, transit and
school bus markets, today announced the official launch and formal
unveiling of the BEAST, a purpose built, all-electric,
zero-emissions school bus. GreenPower will showcase the BEAST at
the Advanced Clean Transportation (ACT) Expo at Booth #911, which
runs today through Sept. 1, 2021 in
Long Beach, Calif. at the
Long Beach Convention Center.
The BEAST (Battery Electric Automotive School Transportation),
an all-electric 40 foot Type D battery electric school bus,
delivers a class-leading range of up to 150 miles on a single
charge via a 194kWh battery pack. The bus can seat up to 90
passengers with standard features that include: air ride
suspension, ABS disk brakes and pass-through storage. Featuring a
modern monocoque chassis, the BEAST is the safest, most durable and
reliable battery-electric school bus available on the market. Its
seamlessly integrated body and chassis design forms a composite
structure which is the GreenPower Motor Company Truss(T)
factor.
Safety is at the forefront of every vehicle GreenPower puts on
the road, and the BEAST is no exception. What's more, GreenPower's
innovative technology can drive down fuel costs and minimize
maintenance costs while delivering outstanding reliability and
efficiency. GreenPower's school buses offer a significant increase
in strength and battery weight distribution thanks to its unique
structurally superior integrated purpose-built design.
"The launch of the BEAST marks a significant milestone not only
for GreenPower but for the industry," said Brendan Riley, president of GreenPower.
"GreenPower remains committed to providing innovative, technology
forward, purpose-built vehicles, and our new BEAST vehicle is no
exception. The youth of today are the future of our tomorrow, which
is why we are humbly proud to bring such a world class offering to
the market."
GreenPower will begin initial deliveries to customers under
existing contracts in the coming weeks, and anticipates that the
pace of these deliveries will increase significantly by the end of
the year.
"The accelerated adoption of zero-emission school buses means a
healthier and more sustainable environment for our children and
communities. We are confident that the BEAST will drive the future
of the all-electric school bus paradigm shift while providing
parents the peace-of-mind knowing their children are safe and
protected from diesel emissions and harmful noise pollution," said
Fraser Atkinson, CEO of GreenPower.
"The BEAST will provide school districts with dramatic fuel cost
savings, reduced operational costs and material progress towards
reducing their carbon footprint."
In anticipation of the growth in demand from President Biden's
Federal Infrastructure Plan, GreenPower increased its school bus
production from 5 units per month to 10 units per month at the
beginning of the year and expects to increase production rates over
time as interest in zero-emission all-electric school buses
accelerates rapidly throughout the country.
To learn more about the BEAST and to set up a 1:1 demo, contact
Ryne Shetterly, VP of sales and
marketing at GreenPower.
For more information on GreenPower's presence at the ACT Expo,
please visit
https://greenpowermotor.com/investor-center/act-expo-event/.
About GreenPower Motor Company Inc.
GreenPower
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. GreenPower 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 OEM platform allows GreenPower to meet the
specifications of various operators while providing standard parts
for ease of maintenance and accessibility for warranty
requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Listed on the Toronto exchange
since November 2015, GreenPower
completed its U.S. IPO and NASDAQ listing in August 2020. To learn more please
visit: 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 "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 or are beyond GreenPower's control, such as
the timing of delivery and acceptance of BEAST school buses to
customers, or the acceleration of interest in zero-emission
all-electric school buses at the local, state and national level. 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. ©2021
GreenPower Motor Company Inc. All rights reserved.
Media Contact:
Allie Potter, Skyya PR
allie@skyya.com
GreenPower Contacts:
Ryne
Shetterly, VP of Sales and Marketing
Ryne@greenpowermotor.com
Brendan Riley, President
Brendan@greenpowermotor.com
Mike Cole, Investor Relations
mike.cole@greenpowermotor.com
(949) 444-1341
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SOURCE GreenPower Motor Company