SOURCE: GreenPower Motor Company Inc.

GreenPower Motor Company Inc.

May 28, 2015 10:01 ET

State of Washington Designates GreenPower as an Apparent Successful Bidder in Four Categories

VANCOUVER, BC--(Marketwired - May 28, 2015) - GreenPower Motor Company Inc. (TSX VENTURE: GPV) (OTCQB: GPVRF) ("GreenPower" or the "Company"), announces that it has received a notice from the State of Washington Department of Enterprise Services ("DES") where they have designated GreenPower as an Apparent Successful Bidder under IFP No. 09214 for heavy-duty public transit vehicles (the "Bid") in the following categories:

  • Category E -- Heavy Duty Bus -- Plug In Electric
    • 35 Footer
    • 40 Footer
    • 45 Footer
  • Category G -- Heavy Duty Bus -- High Floor Electric
    • 45 Footer

In the notice GreenPower was the only manufacturer listed for the Category E Heavy Duty Bus -- Plug In Electric for the 45 Footer and there was only one other manufacturer designated as the Apparent Successful Bidder in more categories than GreenPower.

Designation as an Apparent Successful Bidder does not imply that DES will issue an award to the Company. It merely means that at the time of the notice, DES believes that GreenPower's bid is responsive with the points awarded under the Bid.

"This is another significant milestone for GreenPower as our products had to satisfy an extensive set of criteria and technical requirements. The clean sheet design and OEM platform provides GreenPower with tremendous flexibility in producing a suite of products," said the Chairman, Fraser Atkinson. "This is also a testament to the GreenPower team and their skill set."

About GreenPower Motor Company Inc.

GreenPower Motor Company Inc. develops electric powered vehicles for commercial markets. In 2014 GreenPower launched the EV350 transit bus, which is an electric powered transit bus deploying electric drive and battery technologies with a lightweight chassis and low 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 operator 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 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

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