ADOMANI® and Blue Bird Enter into Exclusive Electric Drivetrain Supply Agreement for Type C and D School Bus Product Lines
Blue Bird Type C and D Electric School Buses, with ADOMANI Electric Drivetrains, Expected to be in Production in 2018
CORONA, CA / ACCESSWIRE / October 30, 2017 / ADOMANI, Inc. (NASDAQ: ADOM), a provider of advanced zero-emission and hybrid vehicle drivetrain solutions and purpose-built electric vehicles, today announced it has signed an exclusive three-year supply agreement with BlueBird Corporation (BLBD), the nation’s leading independent manufacturer of school buses. ADOMANI will provide Blue Bird with zero-emission electric drivetrains for use in their Type C and D school bus product lines. The supply agreement provides that Blue Bird will purchase all of its production requirements of such zero-emission electric drivetrains for use in their Type C and D school bus product lines exclusively from ADOMANI, although there are no minimum purchase requirements. Blue Bird’s new electric-powered school buses are expected to be in production in 2018.
Jim Reynolds, President and CEO of ADOMANI, stated, “I have worked with Blue Bird for over 16 years and during that time have been a part of introducing CNG-, propane- and gasoline-powered school buses manufactured by Blue Bird to the California market. Now, we are taking the alternativefuel space to a new level with the introduction of an all-electric school bus from the premier school bus manufacturer in the United States. We are proud to play a part in producing a school bus that is powered by clean electricity and provides a significant reduction in greenhouse gas emissions and benefits our children, our communities and our environment at large. ADOMANI, by leveraging state-of-the-art drivetrain components, advanced battery technology and our outstanding engineering team, will help Blue Bird provide school districts and contractors with a safe, reliable, cost-effective zero-emissions transportation solution. With the growing global awareness of issues surrounding sustainability and renewable energy, the increasing availability of funding from government programs and other incentives, including funds from the unprecedented multibillion-dollar Volkswagen environmental mitigation trust, and the accelerating advancements in battery technology, the timing could not be more ideal.”
“As the clear leader in alternative-fuel school bus solutions, the addition of an electric school bus drivetrain rounds out our portfolio,” said Phil Horlock, President and CEO of Blue Bird Corporation. “Since unveiling our all-new electric bus chassis at the Student Transportation News conference in Reno in July, we are now putting our electric-powered school bus through rigorous testing and have demonstrated its on-road capabilities to a number of potential customers. The response to the vehicle’s power, smooth ride and quietness, all with zero emissions, has been outstanding. As we celebrate our 90th anniversary this year, the timing of our all-new, zero-emission electric bus product line couldn’t be better. We are excited to be bringing Blue Bird electric power to the school bus market next year!”
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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