Grande West Receives $6,000,000 in New Vicinity Orders Read more at http://www.stockhouse.com/news/press-releases/2018/11/05/grande-west-receives-6-000-000-in-new-vicinity-orders#fZho9GupjsIoKghl.99
VANCOUVER, BC / ACCESSWIRE / November 5, 2018 / Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) - November 5, 2018: (“Grande West” or the “Company”), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce new Canadian orders to purchase Vicinity buses for approximately $6,000,000.
Grande West received firm orders from The City of Medicine Hat, The County of Grande Prairie and a private operator in Quebec. These orders are for delivery in the next twelve months and are new customers for Grande West.
Jean-Marc Landry, CEO of Grande West stated, “The Grande West Team would like to thank our new customers for these orders. This further enhances our Canadian leadership position in our market segment.”
Total firm orders included in the backlog are for approximately one hundred ninety (190) buses valued at over $67 million CAD. Deliveries will vary from quarter to quarter to account for different build specifications, customer acceptance and revenue recognition.
About Grande West Transportation Group
Grande West is a Canadian company that designs, engineers and manufactures mid-size multi-purpose transit vehicles for public and commercial enterprises. Grande West’s Best-in-Class heavy-duty Vicinity bus is available in 27.5, 30 and 35 foot models powered by clean diesel or CNG designed with affordability, accessibility and global responsibility in mind. It costs significantly less than a regular 40 foot transit bus, is more maneuverable, burns less fuel and emits less harmful emissions. Grande West will soon be offering a new product which will be the first Crossover Vehicle in the transit space - a medium-duty, monocoque-designed rear engine vehicle.
The Company has been successful in supplying Canadian municipal transportation agencies and private operators with new buses and is receiving follow-on orders in many Canadian transit agencies. Grande West is compliant to Buy America certification, and along with Alliance Bus Group (“ABG”), its exclusive US distributor, is actively pursuing opportunities in public and private transit fleet operations that would benefit from Grande West’s vehicles.
For further information please contact:
Grande West Transportation
VP Corporate Development
Read more at http://www.stockhouse.com/news/press-releases/2018/11/05/grande-west-receives-6-000-000-in-new-vicinity-orders#fZho9GupjsIoKghl.99