VICINITY MOTOR CORP. ANNOUNCES $1.6 MILLION CONTRACT FOR 4 VICINITY(TM) BUSES
Channel: RICH TV LIVE
Date: 30/04/2021

VICINITY MOTOR CORP. ANNOUNCES $1.6 MILLION CONTRACT FOR 4 VICINITY(TM) BUSES - RICH TV LIVE - April 30, 2021 -  Vicinity Motor Corp. (TSXV:VMC) (OTCQX:BUSXF) (FRA:6LG) ("Vicinity Motor", "VMC" or the "Company") (Formerly Grande West Transportation Group), a leading supplier of electric, CNG, gas and clean diesel buses, today announced the receipt of a new purchase order from the County of Simcoe in Ontario, Canada for 4 Vicinity™ buses for a total value of over $1.6 million.

Per the terms of the supply agreement, the County of Simcoe will order three (3) of the Company's 30-foot Vicinity™ buses as well as one (1) larger 35-foot Vicinity bus for delivery in the first half of 2022.

"We are pleased to have secured this $1.6 +million agreement with the County of Simcoe, continuing our strong legacy as a leading bus supplier within the robust Canadian market," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. "Our core business and strong reputation provide a springboard as we help enable the transition to low-emission and zero-emission options at public transit agencies across North America. We look forward to continued traction in our home market in the quarters ahead, supporting us as we expand into the lucrative U.S. market alongside our tier-1 distribution partners."

About Vicinity Motor Corp.

Vicinity Motor Corp. (TSXV:VMC) (OTCQX:BUSXF) (FRA:6LG) is a leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada. The Company's flagship line of Vicinity™ buses, which maintain a dominant market share in Canada, are produced by the Company's world-class manufacturing partners or at the Company's Buy America Act compliant assembly facility in Washington state. 

Vicinity Motor Corp today announced that it has signed a supply agreement with Exro Technologies Inc. ("Exro"), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, to enable the Company's next-generation of Vicinity electric buses.

Exro will supply its innovative Coil Drive System technology suite, which Vicinity Motor Corp. will validate through an initial deployment of an optimized electric powertrain into the Company's electric shuttle bus product line in 2022, ahead of a broader potential rollout.

"We are constantly searching for innovative new ways to provide a best-in-class experience for our customers, delivering leading-edge technology at a price point suitable for mass deployment across small and large fleets," said William Trainer, Founder and CEO of Vicinity Motor Corp. "Testing of the Coil Drive System, which offers lower energy consumption and high performance relative to existing systems, could prove to be an exciting competitive advantage and further extend the range of our electric buses."

"We are thrilled to bring enhanced performance to Vicinity's suite of electric buses," said Sue Ozdemir, Chief Executive Officer of Exro. "This commercial partnership highlights our continued dedication to bring the Coil Driver technology to emerging electric mobility markets, providing our partners with a clear edge over the competition."

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