|ADOMANI Receives Purchase Order for Additional Electric School Bus Drivetrain Systems|
"Powered By ADOMANI" Drivetrain Order to Help Support Testing, Production Process and Demonstration Unit Demand from Blue Bird's Network of 46 US Dealers
CORONA, CA / ACCESSWIRE / January 18, 2018 / ADOMANI, Inc. (NASDAQ: ADOM) acknowledged the receipt of a purchase order from Blue Bird Corporation for zero-emission electric drivetrain systems for Type-C and Type-D school buses. These drivetrain systems are the next step in Blue Bird's continued performance benchmarking, durability testing and production process refinements as it proceeds towards its 2018 production ramping goals. Once completed, these electric school buses will join the existing Type-C and Type-D buses that were unveiled at industry events earlier this year and featured at ride-and-drive events in Columbus, Ohio, Lansing, Michigan, Fort Valley, Georgia and throughout California.
"There are purchase incentives available for electric school buses in California and New York ranging from $150,000 and $220,000 for each electric school bus and Volkswagen Mitigation Trust funds potentially available on the horizon that other states could direct towards the purchase of electric school buses," said Jim Reynolds, President and CEO of ADOMANI. "Combine this with the fact that the final product is coming from the premier school bus industry leader with an established dealership network for sales, maintenance, warranty, and the choice of these zero-emission school buses is very compelling."
It is anticipated that Blue Bird dealers in the United States will begin accepting customer purchase orders later this month for the "Powered by ADOMANI" zero-emission electric school buses and that deliveries for the Type-D All American will begin in mid-2018.
ADOMANI, Inc. is a provider of zero-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. ADOMANI's drivetrain systems are designed to help fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state, and federal environmental regulatory compliance. ADOMANI designs advanced zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles. 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, 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.
Investor Relations Contacts:
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James Carbonara, Hayden IR
SOURCE: ADOMANI, Inc.