GreenPower Motor Company Inc.



GreenPower Motor Company Inc.

March 18, 2014 09:00 ET

GreenPower en Route to Produce One of the World's First All-Electric, Long-Range Buses

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 18, 2014) - Founded in Vancouver in 2010, GreenPower Motor Company Inc. is in the final stage of completing its first production all-electric city transit bus, the EV350. "It has been a long road filled with many obstacles and challenges." said GreenPower's CEO Phillip Oldridge," a longtime veteran in the transit vehicle industry. "Until recently, battery technologies were not advanced enough to support the long routes and demands required of public transit. Our first EV350 incorporates these advanced technologies with outstanding results." continued Oldridge.

GreenPower is an original equipment manufacturer (OEM), meaning that the company works with external suppliers. Parts from world-class suppliers such as Siemens are used in the production of the EV350. These parts are integrated into GreenPower's proprietary lightweight chassis design, and the end result is an all-electric transit bus that can travel more than 155 miles (250 km) per charge.

Stand-alone electric buses have been covered extensively in recent news, and for good reason. They solve a number of problems for bus operators such as emissions, noise, maintenance costs and even price. An EV350 is estimated to save transit bus operators between $50,000 - $100,000 USD per annum when compared to a traditional diesel bus. Savings are based on maintenance, operations and fuel.

GreenPower anticipates the arrival of their first North American all-electric transit bus to land on US soil at the end of April 2014. In conjunction with their strategic distribution partner StarPoint USA, they have plans to demonstrate the all-electric bus to transit authorities nation wide including parts of Canada during a coast-to-coast tour.

About GreenPower Motor Company Inc.

GreenPower Motor Company Inc. is an all electric bus manufacturing company. The company's long term vision is to be a 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.

About StarPoint USA, Inc.

StarPoint USA is a US based vehicle distribution company with a proven track record having distributed vehicles and parts to the US market since 1998. StarPoint has entered into a factory direct representative agreement with GreenPower Motor Company for six (6) states and selected GSA (General Services Administration) accounts.

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