SOURCE: GreenPower Motor Company Inc.

GreenPower Motor Company Inc.

May 07, 2016 01:31 ET

GreenPower Announces Grant of Stock Options

VANCOUVER, BC--(Marketwired - May 07, 2016) -  GreenPower Motor Company Inc. (TSX VENTURE: GPV) (OTCQB: GPVRF) (the "Company"), announces that the Company has granted an aggregate of 530,000 incentive stock options to certain directors, officers and employees of the Company which stock options are exerciseable for a period of five years at a price of $0.35 per share. The stock options vest as to 25% four months after the grant date, 25% six months after the grant date, 25% nine months after the grant date and 25% one year after the grant date.

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 sources and integrates key vehicle components from global suppliers, 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

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. © 2016 GreenPower Motor Company Inc. All rights reserved.

Contact Information

  • For further information contact:
    Fraser Atkinson
    Chairman
    (604) 220-8048