Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG), formerly called Grande West Transportation Group, announced Tuesday that Washington State has selected its buses in a state-wide purchasing contract that gives state transit agencies the right to buy from the company's diverse bus portfolio.
In a statement, the company said the vehicles for selection can be produced from the company's planned "Buy American Act"-compliant assembly facility in Washington State -- which will be capable of producing 1,000 electric, CNG, gas, and clean-diesel units annually across all sizes and powertrains.
"We are pleased to announce that Vicinity Motor Corp. has been chosen as an OEM supplier for Washington state's growing fleet of buses - driving forward the transition to a more sustainable public transportation system," said CEO William Trainer. "This contract win marks yet another exciting milestone in our expansion into the significant U.S. market, where our purpose-built Vicinity line of products' quality and consistency allows us to capture market share.”
WATCH: Grande West Transportation Group to change name to Vicinity Motor Corp and up-list to the Nasdaq
Trainer added: "Our guidance to deliver over 100 buses in the first half of 2021 is a testament to the value proposition that Vicinity brings to private and public transportation operators. I look forward to continued execution in the months ahead, creating sustainable, long-term value for our shareholders.”
In other company news, Vicinity announced that certain eligible directors have requested that their respective director's remuneration for the calendar year 2021 be paid in Deferred Share Units (DSUs). Accordingly, the company has granted 3,269 DSUs in connection with the remuneration for the first quarter.
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