SOURCE: GreenPower Motor Company Inc.

GreenPower Motor Company Inc.

March 02, 2015 11:14 ET

GreenPower Announces New Nominee to Board of Directors

VANCOUVER, BC--(Marketwired - March 02, 2015) - GreenPower Motor Company Inc. (TSX VENTURE: GPV) ("GreenPower" or the "Company"), announced today the addition of David Richardson to the management-proposed slate of nominee directors for the Company's forthcoming annual general and special meeting of shareholders to be held on March 25, 2015.

Mr. David Richardson

  • President and CEO of Octaform Systems Inc.
  • Director of James Richardson & Sons, Limited and its subsidiary Richardson International Limited
  • Over 20 years of capital markets experience
  • Has served on a number of Boards including Ducks Unlimited Canada and the Asia Pacific Foundation of which he was a founding member.

"Mr. Richardson brings a strong foundation of financial acumen, business experience and corporate governance to the Company," said Fraser Atkinson, Chairman at GreenPower. "We look forward to working with Mr. Richardson in developing GreenPower's business and increasing shareholder value."

Along with Mr. Richardson, the proposed slate of nominee directors for election at the upcoming annual meeting of shareholders will consist of current board members Fraser Atkinson, Phillip Oldridge, Mark Achtemichuk and Malcolm Clay.

Additional information on the nominees and the meeting is contained in the Company's information circular which has been mailed to shareholders and is available on www.sedar.com.

About GreenPower Motor Company Inc.

GreenPower Motor Company Inc., through its wholly-owned subsidiary, GP GreenPower Industries Inc. ("GPI"), develops electric powered vehicles for commercial markets. In 2014 GPI launched the EV350 40 foot transit bus, which is an electric powered transit bus deploying electric drive and battery technologies with a lightweight chassis and low floor body. Presently, GPI is building and marketing the EV350 in North America. The EV350 utilizes a custom battery management system and a proprietary FlexPower system for the drive motors while integrating 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 design allows GreenPower's EV350 to meet the specifications of the operator while providing standard parts for ease of maintenance and accessibility for warranty requirements. The EV350 is manufactured, in part, at a facility in China with final assembly in the United States. For further information go to www.greenpowerbus.com.

Forward-Looking Statements

This document may contain forward-looking statements relating to GreenPower's operations or to the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower's control. A number of important factors including those set forth in other public filings 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. © 2015 GreenPower Motor Company Inc. All rights reserved.

Contact Information

  • Fraser Atkinson
    Chairman
    (604) 220-8048