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RENO, Nev., July 13, 2017 -- ADOMANI, INC. (Nasdaq:ADOM), a California-based provider of advanced zero-emission and hybrid vehicle drivetrain solutions and purpose-built electric vehicles, with its partner, Blue Bird Corporation (Nasdaq:BLBD), the nation’s leading independent manufacturer of school buses, unveiled the first Type D All-Electric School Bus in the past 20 years on July 11, 2017.
The reveal took place at the Student Transportation News Expo and Trade Show held in Reno, Nevada. After an introduction of team members, Phil Horlock, President and CEO of Blue Bird, provided a brief summary of Blue Bird’s substantial leadership position in alternative-fueled school buses. His team then pulled the cover off the bus to rapturous applause from an overflow crowd of school bus dealers, transportation directors from across the country, and representatives from public utilities attending the show.
Jim Reynolds, a 16-year veteran of the school bus industry and President and CEO of ADOMANI, expressed his excitement at the unveiling: “We are pleased to be working with Blue Bird, a trusted partner and long-time leader in the school bus industry, to help produce its first all-electric bus in two decades. This new Type D All-Electric School Bus will allow us to enter a new era of clean energy that will deliver a significant reduction in greenhouse gases. By leveraging state-of-the-art drivetrain and modern battery technology, we will be able to provide school districts and contractors with a reliable, cost-effective and zero-emissions transportation solution. This benefits our children, our communities and our environment at large.”
As a supplier of all-electric and hybrid fleet vehicle solutions, this announcement marks ADOMANI’s first opportunity subsequent to its initial public offering and successful Nasdaq listing to accelerate the design, manufacture and marketing of its zero-emission drivetrains for new vehicles and for use in existing vehicles, including school buses and medium-to-heavy-duty commercial fleet vehicles.
The Blue Bird Type D All-Electric School Bus is projected to have a 100-mile range between charges and we expect it will be available in early 2018.
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: [email protected] Investor Relations Contact: Michael K. Menerey, Chief Financial Officer Telephone: (626) 483-3280 Email: [email protected] Kevin Kanning, VP Investor Relations Telephone: (650) 533-7629 Email: [email protected]
