Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $223 MCAD
Stock price at time of publication: $6.27 CAD ( reverse split price 2,09 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $416 MCAD
Website: https://vicinitymotorcorp.com/
Patented, Antimicrobial Treatment Protects Vehicles from Harmful Bacteria Transmission, Improving Confidence in Rider Safety for Public Transit Operators
VANCOUVER, BC – Sept. 30, 2021 – Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) Vicinity Motor” a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced it has partnered with Aereus Technologies to offer its CuVerro Shield™ technology – a permanent antimicrobial treatment option for high-touch areas of Vicinity vehicles.
CuVerro Shield™, a patented non-chemical treatment helps protect transit passengers and operators from the transmittal of harmful bacteria* for the entire service life of the vehicle through standard cleaning and upkeep. Aereus’ antimicrobial solutions provide a one-time copper-based application on surfaces that works 24×7, never wears off, and kills 99.9% of bacteria in two hours. CuVerro Shield™ is registered with the U.S. Environmental Protection Agency (EPA) and Health Canada Pest Management Regulatory Agency (PMRA) to make specific health claims.
CuVerro Shield™ will be an optional feature on all Vicinity™ Classic and Lightning™ EV buses. The technology is also available for retrofit application for all current operating fleets of Vicinity™ buses throughout North America.
“With the increasing awareness and need for antimicrobial strategies in the public space, we believe that both transit vehicle operators and passengers can benefit from CuVerro Shield™,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Aereus Technologies has created an impressive and cost-effective solution with its non-tarnishing copper alloy technology that has permanent efficacy over the life of the vehicle. This allows our long-time customers to easily retrofit existing vehicles without a significant impact to vehicle availability.”
“We are leveraging this health and safety technology enhancement for our Vicinity™ buses to position us for early leadership and growth in what we believe will become the new normal technology to deal with what has become an ongoing public health issue. We believe offering CuVerro Shield™ health and safety enhancements will add to our competitive advantages and help to further expand our market share throughout North America,” concluded Trainer.
VMC today announces that certain Eligible Directors have requested that their respective director’s remuneration for the calendar year 2021 be paid in Deferred Share Units (“DSUs”) and accordingly, the Company has granted 28,671 DSUs in connection with Directors Remuneration for Q3.
About Aereus Technologies
Aereus Technologies has partnered with Olin Brass, one of the world’s oldest, most innovative and diverse producers of copper alloys, to introduce CuVerro Shield™ by Aereus Technologies. A familiar technology throughout healthcare as a US EPA registered antimicrobial copper that begins killing 99.9% of bacteria* on contact. For more information, please visit http://www.aereustech.com.
ESG Comment:
We are delighted to see Vicinity Motors contract yet another innovative partner company, this time its with Aereus Technologies which will be able to improve the health aspects of passengers in Vicinity Motors where its products are applied.. This partnership will further increase the competitive advantage of the company which already has one of the best in line and most cost competitive EV buses on the market.
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