ADOMANI Takes Delivery of First All-Electric Type-D School Bus
June 21 2017 - 9:20AM
ADOMANI, Inc. (NASDAQ:ADOM), a provider of advanced zero-emission
and hybrid vehicle drivetrain solutions, and purpose built electric
vehicles has taken delivery of its first All-Electric Type-D School
Bus. The 72-passenger bus uses the latest electric drivetrain
and battery technologies and meets certain California and federal
requirements that must be satisfied in order to refer to the
vehicle as “zero-emissions” which opens up grant and incentive
funding opportunities. For example, the bus has already been
awarded a place on the California Air Resources Board’s (CARB)
Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project’s
(HVIP) coveted Vehicle Eligibility List for a voucher amount of
$95,000 and under certain circumstances up to $120,000. HVIP
offers point-of-sale incentives for clean trucks and buses in
California. HVIP dealers offer reduced-price vehicles directly to
purchasers. Purchasers do not need to submit proposals,
complicated paper work or wait to be reimbursed. Incentives
are locked in at the time of the purchase order.
ADOMANI will be taking its bus on tour, beginning with
California schools that have been selected by the South Coast Air
Quality Management District and the thirteen successful applicants
for the North Coast Unified Air Quality Management District for
funding directly tied to the purchases of all-electric school
buses.
“ADOMANI’s focus is on zero-emission drivetrain systems that are
safe, reliable and durable, and that also potentially lower
maintenance and fueling budgets and improve the air quality for the
operators, student passengers and the communities where they
operate,” said ADOMANI CEO Jim Reynolds. “Having extensive
experience in this area, the ADOMANI team will be in attendance at
the annual School Bus Transportation News (STN) Conference and
Trade Show in Reno, Nevada in early July and plans to meet with
interested transportation directors about their electric school bus
options. It’s going to be an exciting event.”
About ADOMANI, Inc. California-based
ADOMANI, Inc. provides school bus and fleet operators with
zero-emission vehicle and plug-in hybrid solutions. ADOMANI brings
together proven electric drivetrain technology, customized
products, and trusted service partners to cut total cost of
ownership, boost vehicle reliability, and unlock the many benefits
of green technology. For more information,
visit www.adomanielectric.com.
Cautionary Statement Regarding Forward Looking
Statements
Statements made in this press release that relate to future
plans, events, financial results, prospectus or performance are
forward-looking statements as defined under the Private Securities
Litigation Reform Act of 1995. While they are based on the current
expectations and beliefs of management, such forward-looking
statements are subject to a number of risks, uncertainties,
assumptions and other factors that could cause actual results to
differ materially from the expectations expressed in this press
release. All statements, other than statements of historical fact,
are statements that could be deemed forward-looking statements,
including statements containing the words “planned,” “expects,”
“believes,” “strategy,” “opportunity,” “anticipates,” “outlook,”
“designed” and similar words. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. Except as required by law, ADOMANI
undertakes no obligation to update or revise any forward-looking
statements to reflect new information, changed circumstances or
unanticipated events.
Contact Information
Media Contact:
Tim Gnatek, Blue Practice
Telephone: 415-381-1100
Email: tim@bluepractice.com
Investor Relations Contact:
Michael K. Menerey, Chief Financial Officer
Telephone: (626) 483-3280
Email: mike.m@ADOMANIelectric.com
Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: kevin.k@ADOMANIelectric.com