GreenPower Motor Company Inc.

GreenPower Motor Company Inc.

June 19, 2014 09:00 ET

GreenPower Completes Production of Electric Bus

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2014) - GreenPower Motor Company Inc. ("GreenPower" or the "Company") has recently completed production and awaits the arrival of GreenPower's EV350, Zero-Emission, electric transit bus onto North American soil.

"The EV350 has performed and demonstrated it's operational capabilities above and beyond industry standards," says GreenPower's CEO, Phillip Oldridge. "The EV350's Zero-Emission, 320 kWh batteries coupled with a dual Siemens drive motor system, provides 100% torque at any speed with exceptional acceleration while loaded at full passenger capacity."

Watch a video of GreenPower's electric bus in motion and view a tour here: www.greenpowerbus.com.

The EV350 is a state-of-the-art, fully monocoque design combined with a stainless steel chassis, low floor body with carbon/fiberglass and composite components. The result is an electric transit bus that can travel in excess of 155 miles (250km) on a single charge, with Zero-Emissions and is significantly quieter than standard diesel or hybrid busses.

The EV350 boasts a low center of gravity design providing remarkable handling and easy access to battery compartments through external doors located down both sides of the bus. The rear of the bus, or the traditional engine compartment, houses all of the EV350's high tech components and battery management system. On the inside, the EV350 comfortably seats 33 passengers, 25 standees and accommodates 2 full-size wheel chairs.

Mr. Oldridge further states, "The EV350 delivers the most cost-effective, carbon-neutral solution to an ever-expanding public transit market."

On Behalf of the Board of Directors of GreenPower Motor Company Inc.,

Phillip Oldridge, President, Chief Executive Officer and Director

About GreenPower Motor Company Inc.

GreenPower Motor Company Inc. is an electric bus manufacturing company. The company's long term vision is to be a leading world supplier of long-range, electric powered vehicles. The company's first product is a battery powered 12-meter transit bus, with a range of over 155 miles (250 km) on a single charge.

Disclaimer for Forward-Looking Statements

Statements contained in this news release that are not historical facts constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. Forward-looking statements include, without limitation, possible events, statements with respect to the Transaction. The words "is expected" or "estimates" or variations of such words and phrases or statements that certain actions, events or results "may" or "could" occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by GreenPower as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking statements made in this release are qualified by these cautionary statements. Although GreenPower believes that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.

Contact Information

  • GreenPower Motor Company Inc.
    Phillip Oldridge
    President, Chief Executive Officer and Director
    (778) 383-3109
    (604) 681-1867 (FAX)
    www.greenpowerbus.com