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ADOMANI(R) Receives Order for First Santa Clara County Bus Zero-Emission Electric Repower

Monday, 09 December 2019 09:00 AM

ADOMANI, Inc.

CORONA, CA / ACCESSWIRE / December 9, 2019 / ADOMANI, Inc. (OTCQB:ADOM), a provider of advanced zero-emission vehicle drivetrain solutions and purpose-built electric vehicles, today announced it recently received an order to repower an existing Type D diesel-powered transport bus to zero-emission electric operation.

ADOMANI, Inc. , Monday, December 9, 2019, Press release picture

The Fleet Management division (Fleet) of the County of Santa Clara Facilities and Fleet Department, provides vehicles to County agencies and departments to serve the transportation needs of employees and provides maintenance and repair for approximately 1,800 County vehicles. Fleet also offers 30 on-site electric vehicle charging stations, with another 79 in development, and 130 planned for future expansion. These charging stations provide a vital component for transitioning the County infrastructure to zero-emission transportation. Currently, Fleet has a number of hybrid and alternative fuel vehicles, with the goal to add more alternative fuel vehicles as they become available in the market.

As fleet operators with sustainability goals look across their commercial vehicle inventory for greenhouse gas reduction opportunities, they should consider the benefits of both new electric vehicle replacements as well as the repowering of existing vehicles with electric drive systems, especially for those vehicles that have high acquisition cost and a long lifecycle.

"ADOMANI having designed, built and installed zero-emission repower drive systems in a wide range of common commercial fleet vehicles, from the ubiquitous Ford F-150 all the way up to Blue Bird Class-8, school buses, was a primary factor in ADOMANI being considered for this project," said Dennis Brooks, Fleet Manager, County of Santa Clara. "FAF Fleet Management is looking forward to evaluating the repower of the first Sheriff's Blue Bird transport bus and looking at all possible future applications of retrofitting vehicles to EV and of new EV products that we could possibly utilize in the fleet."

"It's not uncommon for certain commercial fleet vehicles to go through a mid-lifecycle repower and receive a new internal combustion engine (ICE) but we'd argue this is really the most opportune time to repower this fleet asset to zero-emission, electric drive and accelerate their overall transition towards a greener fleet," said Jim Reynolds, CEO of ADOMANI. "Beyond meeting increasingly challenging sustainability and compliance guidelines, fleet operators can benefit from a lower cost per mile of operation and maintenance and a cleaner surrounding environment for their drivers, passengers and the communities where they operate. This latest project with Santa Clara County gives us an opportunity to fine tune our vendor supply chain and build economies of scale in the purchase of some key components. With the year-over-year incremental improvements in battery energy density and cost; the improvements in drivetrain component availability and durability; the global trend toward the electrification of transportation; and the incredibly aggressive timeframes imposed by various regulatory agencies, we continue to believe repower projects are an exciting target with an enormous potential market for ADOMANI."

About ADOMANI®

ADOMANI, Inc. is a provider of zero-emission electric drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI is also a provider of new zero-emission electric vehicles focused on reducing the total cost of vehicle ownership, and helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. For more information visit www.ADOMANIelectric.com

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in ADOMANI's reports filed with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, ADOMANI® undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Contact Information

Investor Relations Contacts:

ADOMANI, Inc.

Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: [email protected]

Michael K. Menerey, Chief Financial Officer
Telephone: (951) 407-9860 ext. 205
Email: [email protected]

Renmark Financial Communications, Inc.

Joshua Lavers: [email protected]
Telephone: (416) 644-2020, ext. 3409 or (514) 939-3989

SOURCE: ADOMANI, Inc.

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Company Update
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