![]() ![]() In addition, the Company sells its proprietary electric chassis to J.B. The Company leverages a continent-wide dealer network and close relationships with world-class manufacturing partners to supply its market-leading flagship electric, CNG and clean-diesel Vicinity™ buses, the VMC 1200 electric truck and a Vicinity Optimal-EV shuttle bus. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a leading North American supplier of electric vehicles for both public and commercial enterprise use. Consistent with other manufacturing and transportation companies, Vicinity Motor continues to experience temporary delays from some suppliers and shipping companies which has delayed over 20 buses now expected to be delivered in 2022 rather than 2021. The Company expects to deliver over 130 Vicinity™ Classic buses during 2021. FY 2022 Adjusted EBITDA is expected to be over $10 million with significant potential upside. Through the year ending December 31, 2022, Vicinity Motor expects to complete deliveries of over 95 Vicinity™ Classic buses, 75 Vicinity Lightning™ EV buses and chassis, 2 EV trucks, and 300 Vicinity Optimal EVs to drive year end revenues of over $140 million. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor" or the "Company"), a leading North American supplier of commercial electric vehicles, today provided a corporate update and financial guidance for 2022. VANCOUVER, BC / ACCESSWIRE / Octo/ Vicinity Motor Corp. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.Company Expects FY 2022 Revenues of over $140 Million Driven by Strong North American Sales Momentum Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity's operational strategies, the timing of the completion of the vehicle assembly facility in the State of Washington, the effect of the COVID-19 pandemic, related government-imposed restrictions on operations, the success of Vicinity's strategic partnerships and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. 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. ![]() Forward-looking statements involve various risks and uncertainties. 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", "may", "could", or "should" occur or be achieved. All statements, other than statements of historical fact, included herein are forward-looking statements. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. MarketSmart Communications the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Ĭautionary Note Regarding Forward-Looking Statements MZ Group - MZ North Investor Relations Contact: For more information, please visit Company Contact: Poindexter business unit EAVX, the Company's strategic partner, for upfitting into next-generation delivery vehicles. In addition, the Company sells its proprietary electric chassis alongside J.B. The Company leverages 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 bus. ![]() (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. Certain Eligible Directors have requested that their respective director's remuneration for the calendar year 2022 be paid in Deferred Share Units ("DSUs") and accordingly, the Company has granted 141,089 DSUs in connection with Directors Remuneration for Q3. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announces the granting of Deferred Share Units ("DSU"s). VANCOUVER, BC / ACCESSWIRE / Septem/ Vicinity Motor Corp.
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