Vicinity Motor Corp. obtains an order for four Vicinity Lightning electric buses for use at Honolulu International Airport

VANCOUVER, BC /ACCESSWIRE/October 6, 2022/ Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has received an order from a strategic partner Sustainability Partners LLC (“SP”), an ESG-focused public benefit corporation, committed to eliminating deferred maintenance infrastructure by enabling sustainability, for four (4) Vicinity Lightning™ Electric Buses through Soderholm Sales & Leasing , Inc. (“Soderholm”), Vicinity’s Pacific Islands Distributor.

The Vicinity Lightning™ shuttles will be used at Daniel K. Inouye International Airport in Honolulu, the largest airport in the state of Hawaii, serving 12 million passengers annually. The Hawaii Department of Transportation will use SP’s Electric Vehicles as a Service™ (EVaaS) program to fund the conversion of traditional government fleets to Vicinity electric vehicles. Soderholm will facilitate the sale and provide long-term technical and maintenance support for the project. The order for four new electric buses is scheduled for delivery in 2023.

“As the State of Hawaii strives to meet its sustainability goals and accelerate fleet electrification, our EVaaS program is replacing outdated and costly fleet infrastructure with modern electrified solutions like Vicinity Lightning. ™,” said Thomas Cain, CEO and Founder of Sustainability Partners. “SP can pay 100% of the purchase price while ensuring vehicles are continually maintained in good condition with integrated long-term support from SSL and Vicinity. We look forward to providing Hawaii and its largest airport an electric solution with a uniquely structured, monthly usage-based service alternative to the traditional purchase of government fleets.”

Gabi Soderholm of SSL added, “We look forward to supporting SP’s EVaaS program and the integration of Vicinity’s medium-duty, accessible, ADA-compliant, fully electrified shuttle into the airport’s fleet. Honolulu. The transition to zero-emission airport fleets will not only support Hawaii’s sustainability goals, but also serve as a powerful example of the benefits of electric vehicles for the millions of passengers visiting our state each year.”

“We continue to see considerable interest from regional and international airports in electric passenger shuttle services, given their inherent benefits,” concluded William Trainer, founder and CEO of Vicinity Motor Corp. “State and airport authorities are increasingly concerned about the impacts of air quality on local health. traditional petrol and diesel buses on airport pavements, exposing passengers to increased levels of air pollution. Today, more than 40 airports in the United States, including Honolulu, participate in Airport sustainability plan integrating sustainability into airport planning. Progressive airports include in their strategy a transition to cleaner shuttle options to reduce emissions and meet community needs. »

About Vicinity Motor Corp.

Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for public and commercial enterprises. The Company relies on a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle . In addition, the company sells its proprietary electric chassis alongside the EAVX business unit of JB Poindexter, the company’s strategic partner, for equipping next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.

Company Contact:
Jean LaGourgue
Vice President of Corporate Development
604-288-8043
[email protected]

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

Canadian Investor Relations Contact:
MarketSmart Communications Inc.
877-261-4466
[email protected]

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions or statements. that events, conditions or results “will”, “could”, “might” or “should” occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Vicinity’s expectations include uncertainties relating to economic conditions in the markets in which Vicinity operates, vehicle sales volume, expected future sales growth, the success Vicinity’s operating strategies, the timing of the completion of the vehicle assembly plant in Washington State, the effect of the COVID-19 pandemic, government operating restrictions, the success of Vicinity’s strategic partnerships; and other risks and uncertainties disclosed in Vicinity’s reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity’s forward-looking statements reflect the beliefs, opinions and projections as of the date the statements are made. Vicinity undertakes no obligation to update any forward-looking statements or beliefs, opinions, projections or other factors should they change, except as required by law.

THE SOURCE: Vicinity Motor Corp.

Robert M. Larson