Vicinity Motor Corp. Signs Distribution Agreement with Central States Bus Sales, Secures Initial Commitment for 18 VMC Optimal S1 Buses

Vicinity Motor Corp. Signs Distribution Agreement with Central States Bus Sales, Secures Initial Commitment for 18 VMC Optimal S1 Buses

Central States, A single of the Most significant Bus Distributors in the U.S., to Act

Central States, A single of the Most significant Bus Distributors in the U.S., to Act as Seller for VMC Product or service Portfolio

VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (“Vicinity” or the “Firm”), a North American supplier of industrial electrical autos, these days introduced that it has signed a distribution arrangement with Central States Bus Gross sales, Inc. (“Central States”), just one of the premier university and commercial bus dealers in the U.S., to offer the Company’s full product portfolio, like an first determination for 18 demo and stock buses.

Headquarter in Fenton, MO, Central States has been a regional chief in bus product sales and company since 1975. Central States materials countless numbers of college and business buses per year to shoppers all through the area, supplying a host of transportation options. As one particular of the most significant bus dealers in the place, Central States offers full-provider facilities in Missouri, Illinois, Tennessee, Kentucky and Arkansas. The VMC distribution agreement handles 7 states extending from Kentucky to Nebraska giving VMC a substantial advantage in this crucial marketplace.

Below the new agreement, Central States will distribute Vicinity cars all through the overall central region. The Vicinity line fills in important transit, EV and shuttle possibilities within just Central States’ portfolio of motor vehicles, further improving its solution providing to existing consumers when increasing into new sector sectors. The settlement includes a motivation to 18 inventory and demonstration cars.

“As the one particular of the greatest university and industrial bus sellers and a effectively-respected model, Central States provides substantial profits alternatives for our product or service line and expands our arrive at in the center of the United States,” stated William Trainer, Founder and CEO of Vicinity Motor Corp. “Central States has decades of expertise serving and retaining fleets in the region with warranty, schooling and technical abilities to offer market foremost consumer aid. The original order of VMC Best autos demonstrates escalating curiosity from proven dealers to present standard consumers all-electric powered alternatives that mitigate exposure to electricity and carbon prices – when however offering the selection, speeds and gradeability necessary in day by day authentic-planet operation. We glance ahead to supporting the Central States profits staff share the advantages of our heavy-responsibility, gentle-obligation and particular purpose electric powered autos with shoppers.”

Jeff Reitz, President and CEO of Central States, added: “We see a fantastic suit with VMC items amongst our portfolio of high-quality bus makes – finishing our full selection of bus choices. As our clients increasingly glimpse for possibilities to fulfill their sustainability and ESG ambitions, we are thrilled by the unique and specific alternatives that VMC products and solutions can supply our clients. The VMC Lightning™, Basic and Best layouts are positioned to fill gaps in our supplying and allow for us to tailor solutions specially to our customers’ requires.”

About Vicinity Motor Corp.

Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric autos for both community and industrial business use. The Organization leverages a seller network and near interactions with entire world-class manufacturing associates to supply its flagship electric, CNG and cleanse-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Organization sells its proprietary electric powered chassis together with J.B. Poindexter organization device EAVX, the Company’s strategic companion, for upfitting into up coming-technology delivery autos. For additional data, you should check out www.vicinitymotorcorp.com.

Corporation Get hold of:

John LaGourgue
VP Corporate Enhancement
604-288-8043
[email protected]

U.S. Investor Relations Get hold of:

Lucas Zimmerman or Mark Schwalenberg, CFA
MZ Group – MZ North America
949-259-4987
[email protected]
www.mzgroup.us

Canadian Investor Relations Make contact with:

MarketSmart Communications Inc.
877-261-4466
[email protected]

Neither the TSX-V nor its Regulation Services Service provider (as that time period is outlined in the insurance policies of the TSX-V) accepts obligation for the adequacy or precision of this launch.

Cautionary Take note Relating to Forward-Wanting Statements

This press launch incorporates certain “ahead-looking details” and “ahead-hunting statements” (collectively “forward-wanting statements”) in just the meaning of relevant securities guidelines. All statements, other than statements of historic simple fact, incorporated herein are ahead-wanting statements. Ahead-seeking statements are often, but not normally, determined by terms these as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “probable”, “feasible”, and identical expressions, or statements that events, problems, or success “will”, “could”, “could”, or “need to” come about or be achieved. Ahead-searching statements entail several dangers and uncertainties. There can be no assurance that these kinds of statements will show to be precise, and real final results and future events could differ materially from people predicted in these kinds of statements.

Essential factors that could result in genuine final results to vary materially from Vicinity’s anticipations include things like uncertainties relating to the economic disorders in the markets in which Vicinity operates, auto sales volume, anticipated long term revenue expansion, the success of Vicinity’s operational tactics, the timing of the completion of the motor vehicle assembly facility in the State of Washington, the effect of the COVID-19 pandemic, connected governing administration-imposed constraints on functions, the results of Vicinity’s strategic partnerships and other threat and uncertainties disclosed in Vicinity’s studies and documents submitted with relevant securities regulatory authorities from time to time. Vicinity’s forward-hunting statements replicate the beliefs, views and projections on the day the statements are manufactured. Vicinity assumes no obligation to update the forward-wanting statements or beliefs, opinions, projections, or other factors, need to they improve, besides as expected by regulation.

Source: Vicinity Motor Corp.

Perspective supply version on accesswire.com:
https://www.accesswire.com/695720/Vicinity-Motor-Corp-Signs-Distribution-Settlement-with-Central-States-Bus-Sales-Secures-Preliminary-Dedication-for-18-VMC-Optimum-S1-Buses