VANCOUVER, British Columbia, April 05, 2019 (GLOBE NEWSWIRE) -- GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower” or the “Company”) is pleased to announce that it has filed an application to commence with its plan to list GreenPower’s common shares on the NASDAQ Capital Market (“NASDAQ”).
By up-listing to NASDAQ, the Company believes that it will gain new exposure and access to a larger base of retail and institutional investors in the United States and internationally. NASDAQ is the world’s pre-eminent exchange for technology companies, including emerging markets such as the electric vehicle sector, which is expected to be a great fit for GreenPower. Management believes that the up-listing will bring significant value to the Company.
The listing of the Company’s common shares on NASDAQ remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. The Company will provide updates on its progress as it moves toward this goal.
“We’re very excited to be taking steps to be the first EV Designer, Manufacturer and Distributor of a suite of heavy duty all-electric buses to trade on NASDAQ,” stated Fraser Atkinson, Chairman of GreenPower. “Becoming listed on NASDAQ will support the Company’s aggressive growth plans, extend our sales channels for our products, expand the Company’s access to capital, provide liquidity to shareholders and broaden the exposure of the Company to the investment community.”
For further information contact:
Fraser Atkinson Chairman (604) 220-8048
Brendan Riley President (510) 910-3377
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double decker. GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowerbus.com .
Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower’s business and operations and the environment in which it operates, which are based on GreenPower’s operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Such forward-looking statements include, among other things, the following: that the Company plans to submit an application to list its shares on the NASDAQ; that by up-listing to NASDAQ, the Company believes that it will gain new exposure and access to a larger base of retail and institutional investors in the United States and internationally; that the NASDAQ is expected to be great fit for GreenPower; that the up-listing will bring significant value to the Company; and that becoming listed on NASDAQ will support the Company’s aggressive growth plans, extend its sales channels for its products, expand the Company’s access to capital, provide liquidity to shareholders and broaden the exposure of the Company to the investment community.
These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower’s control, such as the fact that NASDAQ may not approve the Company’s application for listing or that the Company may not meet some or all of the initial listing requirements or the continued listing requirements or, even if the Company gets listed, the benefits of the listing may not materialize. A number of important factors including those set forth in other public filings (filed under the Company’s profile on www.sedar.com ) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2019 GreenPower Motor Company Inc. All rights reserved.
