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|Adomani Receives $1.1 Million, Multi-Unit Zero-Emission Electric School Bus Order from Calaveras Unified School District in Northern California|
First Zero-emission Electric School Bus Order from Calaveras USD, Which Has a Fleet of Approximately 40 Buses
NEWPORT BEACH, CA / ACCESSWIRE / October 11, 2017 / ADOMANI, Inc. (NASDAQ: ADOM), a provider of advanced zero-emission and hybrid vehicle drivetrain solutions and purpose-built electric vehicles, has announced its wholly-owned, new vehicle distribution focused subsidiary, School Bus Sales of California, Inc., has received a three unit purchase order from Calaveras Unified School District (CUSD) that totals over $1.1 million for their first zero-emission electric 72-seat school buses.
Through a partnership with Senator Mike McGuire and the California Air Resources Board (CARB) the North Coast Unified Air Quality Management District (NCUAQMD) was asked to administer the Rural School Bus Pilot Project for the State of California. The main goal of this grant program is accelerating the turnover of California school bus fleets to lower carbon transportation choices, especially in rural school districts that have had less access to other funding sources. Traditionally, small and rural school districts have the oldest and dirtiest burning fleets, and historically have not had the opportunity or ability to receive funds for replacement or upgrade projects. According to the US EPA, more than half of today's school buses have been in service for over a decade while in California it's believed the average age is closer to fifteen years. A school bus chassis age of over 20 years was one of the requirements of this Rural School Bus Pilot Program for new school bus replacement consideration. These older buses emit twice as much pollution per mile as a semi-truck.
Calaveras County has four school districts with an approximate total of 5,800 students. Calaveras USD is the largest of the four school districts with about 2,700 of those children. Calaveras has a fleet of approximately 40 buses in a rural area that runs in the foothills of the High Sierras in California. This terrain and climate will be a great proving ground for the three zero emission electric school buses that CUSD should receive in the summer of 2018.
''This first zero-emission electric school bus order from Calaveras USD is an exciting milestone and demonstrates the clear focus on an air-quality commitment that we all know benefits students, bus drivers and the surrounding communities,'' said Adomani VP, John Roselli. ''While their current school bus fleet is composed of traditionally fueled, above average age buses, this order marks a bold, early adopter move towards modern, zero-emission electric transportation technology.
About School Bus Sales of California, Inc.
School Bus Sales of California Inc., is a wholly-owned, new vehicle distribution focused division of ADOMANI, Inc. (NASDAQ: ADOM) a provider of zero-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. School Bus Sales of CA assists school bus fleet operators in unlocking the benefits of green technology and addressing the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance.
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 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. ADOMANI designs, manufactures and installs advanced zero-emission electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles.
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.
Investor Relations Contacts:
Kevin Kanning, VP Investor Relations
James Carbonara, Hayden IR
SOURCE: ADOMANI, Inc.