VANCOUVER, Aug. 28, 2018 /CNW/ - Grande West
Transportation Group Inc. (TSXV: BUS) (OTC PINK: GWTNF) –
August 28, 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 that it has
successfully completed an independent third party audit of its Buy
America assembly and financial bill of materials on its Vicinity
bus in order to meet current Federal Transit Administration ("FTA")
requirements.
Buy America provisions ensure that transportation infrastructure
projects are built with American-made products. This means that
local, state and Federal government investments in public transit
are able to support an entire supply chain of American companies
and their employees. The Vicinity finished bus is required to
contain a minimum of 65% U.S. content in order to be included as a
vendor for Federally funded projects.
Grand West utilized third party Buy America accredited auditors
in order to review the Company's U.S. assembly process and
procedures, as well as the bill of materials and supplier Buy
America certificates for component parts in the Vicinity product.
The assembly process was verified and validated. Additionally, the
Vicinity has scored Best-In-Class at the FTA's Altoona Test in
Altoona, Pennsylvania.
Jean-Marc Landry, CEO of
Grande West commented, "This Buy
America third party audit is a key milestone in proving out our
ability to bid on and deliver to U.S. Federally funded transit
opportunities. Grande West has a
large pipeline of potential opportunities, many of them in the
public transit sector. We expect the U.S. to be our largest
opportunity for future growth in Vicinity sales and expect sales to
ramp significantly in 2019 as we continue to focus our efforts on
U.S. sales."
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' 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 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
John LaGourgue
Ph: 604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
Neither 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.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact, included herein, including without
limitation, statements regarding the use of proceeds from the
Private Placement, 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", "may", "could", 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 Grande West's
expectations include uncertainties relating to the receipt of final
approval from the TSX-V; and other risk and uncertainties disclosed
in Grande West's reports and
documents filed with applicable securities regulatory authorities
from time to time. Grande West's
forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made. Grande West assumes no obligation to update the
forward-looking statements or beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
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SOURCE Grande West Transportation Group Inc.
