ADOMANI and Blue Bird Introduce All-New Electric School Bus
Introduced at 2017 STN Expo, Type D Electric School Bus will be Available in 2018
RENO, Nev., July 13, 2017 (GLOBE NEWSWIRE) — 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.
ADOMANI, Inc. is a provider of zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI® is also a provider of new zero-emission electric and hybrid vehicles focused on reducing the total cost of vehicle ownership and helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. For more information, visit www.ADOMANIelectric.com.
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Statements made in this press release that relate to future plans, events, financial results, prospects 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, including the risks and uncertainties disclosed in ADOMANI’s reports filed with the Securities and Exchange Commission, all of which are available online at www.sec.gov. 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.
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