Vicinity Motor Corp. Receives $6.0 Million Initial Order for Vicinity Lightning™ EV Buses from Calgary Transit
(firmenpresse) - VANCOUVER, BC - June 14, 2021 - Vicinity Motor Corp. (TSXV:VMC) (OTCQX:BUSXF) (FRA:6LG) ("Vicinity Motor" or the "Company") (formerly Grande West Transportation Group Inc.), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced that it has received an initial order from Calgary Transit, the City of Calgarys transit authority, for 14 Vicinity Lightning EV buses valued at over $6.0 million.
Calgary Transit connects people, communities and businesses across Calgary through cost-effective, sustainable public transit. In 2020, Calgary Transit provided 51.1 million passenger trips with a fleet of 1,048 high-capacity, heavy, medium and light duty buses. Emissions Reduction Alberta (ERA) committed $7 million to the City of Calgarys overall battery electric bus pilot project.
The order of 14 new Vicinity Lightning EV buses are for delivery in 2022 to Calgary Transit, with the option to purchase supplemental vehicles at a set price over a 5-year period.
Calgary Transit is one of Canadas leading transit authorities, with a strong commitment to reducing vehicle emissions and environmental impact, said William Trainer, Founder and CEO of Vicinity Motor Corp. This first order marks the beginning of a valuable partnership with Calgary Transit as they diversify their fleet and mitigate exposure to energy and carbon costs.
As cities around the world seek to meet climate goals, the demand for sustainable, zero emission transit options like our breakthrough Vicinity Lightning EV will continue to grow. We look forward to introducing our electric vehicles to the people of Calgary in the short-term and continuing to build value for our shareholders with the continued momentum in our next-generation Vicinity Lightning EV line.
About Vicinity Motor Corp.
Vicinity Motor Corp. (TSXV: VMC) (OTCQX: BUSXF) (FRA: 6LG) is a leading supplier of electric, CNG, gas and clean-diesel vehicles for both public and commercial enterprise use in the U.S and Canada. The Companys flagship line of Vicinity buses, which maintain a dominant market share in Canada, are produced by the Companys world-class manufacturing partners or at the Companys Buy America Act compliant assembly facility in Washington state. The Companys innovative Vicinity Lightning EV bus, enabled through a tier-1 strategic supply agreement with BMW batteries and components, seeks to lead the global transition to more sustainable transit vehicles in the private and public markets. For more information, please visit https://vicinitymotorcorp.com.
Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
IR(at)grandewest.com
Investor Relations Contact:
Lucas Zimmerman or Mark Schwalenberg, CFA
MZ Group - MZ North America
949-259-4987
VMC(at)mzgroup.us
www.mzgroup.us
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the use of proceeds from the Private Placement, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Vicinity''s expectations include uncertainties relating to the receipt of final approval from the TSX-V; and other risk and uncertainties disclosed in Vicinity''s reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity''s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Blue Lagoon Kicks Off 2021 Phase Two Drill Program On Its Dome Mountain Gold Project">
" alt="Mantaro Silver Corp. Announces Dual Listing on Frankfurt Stock Exchange">
Datum: 14.06.2021 - 09:11 Uhr
Sprache: Deutsch
News-ID 1568129
Anzahl Zeichen: 6708
contact information:
Contact person:
Town:
Wien
Phone:
Kategorie:
Business News
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 377 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Vicinity Motor Corp. Receives $6.0 Million Initial Order for Vicinity Lightning™ EV Buses from Calgary Transit
"
steht unter der journalistisch-redaktionellen Verantwortung von
Vicinity Motor Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
