PORTERVILLE, CA–(Marketwired – May 05, 2017) – GreenPower Motor Company Inc. (TSX VENTURE: GPV) (OTCQX: GPVRF) (“GreenPower”) announces that it has entered into a Memorandum of Understanding (MOU) with Colville Gaming, LLC (“Colville”) for Colville to acquire five GreenPower all-electric shuttle buses to replace existing legacy buses and an option for Colville to acquire an additional five GreenPower all-electric shuttle buses. GreenPower will also provide the required charging infrastructure and the training for drivers, maintenance and support staff to create a Center of Excellence for Colville.
“We are excited to be working with GreenPower to electrify our fleet. Many of our buses are outdated and significant polluters so in addition to modernizing our fleet we are moving to a more cost effective solution which is has a positive impact on our community,” said John MacClain the COO of Colville Gaming, LLC. “GreenPower will also help train our drivers and maintenance crew; and, assist our support staff so we will have the expertise to benefit from this emerging industry while helping tribal members get to their places of employment.”
Colville operates three casinos, a hotel, spa, the Deep Water Amphitheatre and related entertainment facilities in the State of Washington. Colville’s employee bussing program has helped disadvantaged employees with transportation struggles find meaningful employment options since gaming was instituted on Lake Chelan in 1995. The tribe decided early on that a shuttle service was necessary to ensure that tribal employment an hour away from the reservation would be possible for all tribal members.
As outlined in the MOU, GreenPower and Colville Gaming, LLC will work together to pursue grants, vouchers and incentives including the recently announced VW Mitigation Trust that provides funding to cover up to 100% of the cost of new all-electric transit buses, school buses and shuttle buses. Replacing older model diesel buses is one of the most effective mitigation actions under the VW Mitigation Trust.
About GreenPower Motor Company Inc.
GreenPower Motor Company Inc. develops electric powered vehicles for commercial markets. GreenPower offers a range of electric powered buses deploying electric drive and battery technologies with a lightweight chassis and low floor or high floor body. GreenPower’s bus is based on a flexible clean sheet design and utilizes a custom battery management system and a proprietary Flex Power system for the drive motors. GreenPower integrates global suppliers for key components such as Siemens for the two 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.
© 2017 GreenPower Motor Company Inc. All rights reserved.
For further information contact:
Fraser Atkinson
Chairman
(604) 220-8048