Vicinity Motor Corp. Receives $3.5 Million Order for Eight Vicinity™ Classic Buses to First Transit |
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Company's Legacy Diesel Product Line Maintains Clear Market Leadership for Conventional Transit Buses in North America VANCOUVER, BC / ACCESSWIRE / January 6, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the receipt of a new CAD $3.5 million purchase order from North American Private Transit Operator First Transit for eight (8) Vicinity™ Classic buses. Per the terms of the supply agreement, First Transit has ordered eight of the Company's 35-foot Clean-Diesel Vicinity™ Classic buses for delivery in 2022. The Vicinity buses will service the city of Yellowknife, Canada. "Our Vicinity™ Classic buses continue to prove their popularity within the North American transit market as we continue to attract exciting orders from our continent-wide base of satisfied customers," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. "Our ability to grow alongside our customers and fulfill many of their transit needs as a one-stop-shop is invaluable, particularly as many transit authorities begin to evaluate electric vehicles to supplement or replace their conventional diesel fleets in service today. "I look forward to working closely with the team at First Transit to deliver these vehicles by end-of-year. Our goal is to improve the quality of public transit to the citizens of Yellowknife while concurrently reducing operating costs for transit operators - thereby creating sustainable value not only for our shareholders, but for all stakeholders," concluded Trainer. About First Transit About Vicinity Motor Corp. Company Contact:
Investor Relations Contact: 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 Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity's operational strategies, the timing of the completion of the vehicle assembly facility in the State of Washington, the effect of the COVID-19 pandemic, related government-imposed restrictions on operations, the success of Vicinity's strategic partnerships; 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. SOURCE: Vicinity Motor Corp. https://www.accesswire.com/681174/Vicinity-Motor-Corp-Receives-35-Million-Order-for-Eight-VicinityTM-Classic-Buses-to-First-Transit |
1/6/2022 7:15:00 AM |
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Vicinity Motor Corporation published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2022 12:27:05 UTC.