Shareholder Call Scheduled for November 15, 2024 at 10 a.m. EST/7 a.m. PST

VANCOUVER, BC, Nov. 14, 2024 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported its second quarter fiscal year 2025 results and provided an update on its manufacturing operations.

“GreenPower spent the quarter advancing the school bus production process at its West Virginia facility by setting up an oversized paint booth and establishing production stations to increase throughput in order to meet customer orders and demands,” said GreenPower President Brendan Riley. “The increase in production coupled with manufacturing process improvements is expected to result in higher gross profit margins and cost reductions on a per unit basis as throughput improves.”

Riley said that the Company has been systematically increasing its production workforce to provide for its growing production. “Putting the workforce in place and validating the manufacturing process is key to our efficiency, and production growth which is expected to drive cost savings on a per unit basis. With these in place, GreenPower will be able to attain its longer-term manufacturing goal of producing 20 school buses per month,” he said, noting that steady, measured growth, a foundation of GreenPower’s model, is critical for maintaining quality throughout the production process.

“The growth in production complements GreenPower’s sales strategy of focusing on states where there are money and mandates for electric school buses,” added Fraser Atkinson, CEO of GreenPower. “While we continue to manufacture and sell EV school buses for current orders and contracts under both state and federal programs, the future is more focused on states that have put policies and plans in place to provide a cleaner, healthier ride for students through the deployment of electric school buses. States like California and New York, and regions like the Southwest.”

During the second quarter of GreenPower’s fiscal year 2025, the manufacturing process was exhibited when the Company produced the first Type D BEAST all-electric, purpose-built, zero-emission school bus for the 37 BEAST order from the state of West Virginia from its South Charleston plant, which was delivered at the beginning of our current quarter.  That was the second BEAST produced in the facility following the production of the Kanawha County bus purchased directly by the school district outside of the state order. Additional deliveries to fulfill the state order are planned to take place in the third and fourth quarters.

Second Quarter 2025 Highlights:

Generated revenues of $5.3 million for the three months ended September 30, 2024, an increase of 78% over the previous quarter.Delivered 11 BEAST Type D all-electric school buses, six EV Star Cargo and EV Star Cargo Plus and five EV Star Passenger Vans.Deferred revenue increased to $10.4 million, including the current portion of $7.5 million, which is expected to be realized over the next year.At the end of the quarter GreenPower had working capital of $10.1 million including inventory of $31.7 million consisting of $9.3 million of finished goods, $18.6 million of work-in-process and $3.8 million of parts and components.Received order for school buses under EPA’s Clean School Bus Program from the RWC Group for Arizona.

In October the Company completed an underwritten offering of 3,000,000 common shares raising gross proceeds of $3 million. The net proceeds from this offering are intended for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, product development, with the remainder, if any, for general corporate purposes.  

For additional information on the results of operations for the periods ended September 30, 2024 review the interim financial statements and related reports posted on GreenPower’s website as well as on www.sedar.com or filed on EDGAR.

Shareholder Call Information

Date: Friday November 15, 2024 
Time: 7 a.m. PST/10 a.m. EST

Participant dial-in: (US) 1-844-739-3982 (Canada); 1-866-605-3852; (International) 1-412-317-5718. Ask to be joined into the GreenPower Motor Company Inc. conference call.

Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pVZ0NwpL

Replay: (US) 1-877-344-7529; (Canada) 1-855-669-9658; (International) 1-412-317-0088
Replay access code: 4413647

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower’s business and operations and the environment in which it operates, which are based on GreenPower’s operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company’s profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All amounts in U.S. dollars. ©2024 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

TOKYO, Nov. 14, 2024 /PRNewswire/ — The JPX Market Innovation & Research, Inc., a leading global provider of Japan’s financial market data, promptly began provision of “JPxData Portal (beta version)” (hereinafter referred to as “Website”), a portal site that comprehensively introduces data provided by Japan Exchange Group, Japan Exchange Group companies and partner companies (hereinafter referred to as “JPX Group, etc.”), as of August 2024.

What is JPxData Portal?
JPX Group, etc. currently provide over 200 types of data, which are used by a wide range of users, including investors, brokerage firms, and listed companies. However, JPXI received feedback that it is difficult for users to search through due to the overwhelmingly large amount of data and know what kind of data can be used for what. This feedback led us to the launch of Website providing users with easy access to data they seek and showing how to use the data.

“JPxData Portal” is named after “a data portal site of JPX Group, etc.” and “a place where “Japan (JP)” and “data(Data)” are combined” with the letter “x.” JPXI will aim to develop Website further to make it an easy-to-use site, where any data on the Japanese market are accessible in the future.

Click here for JPxData Portal (beta version): https://clientportal.jpx.co.jp/ClientPortalEN/s/

JPxData Portal Main Features
Product List

Users can search over 200 types of data by using simple keywords such as “stock price,” “derivatives,” “margin trading,” and “ESG.”Users can check the frequency and timing of updates, the period of historical data available, file formats (PDF, CSV, Excel, etc.), and if such data are provided via an API.For some data, sample data and articles on how to use them are also provided.

Use cases

Users can find articles introducing how to use data, including examples of analysis using the data, and the differences among similar data such as stock price data and issue master data with comparison of them.Users can discover related data from an article about data users initially searched for.

Company search

Users can check basic information, timely disclosure information, filing information, corporate governance, and other information about each issue.In addition to company names and codes, users can also search by using keywords such as “cloud” and “digital transformation” based on generative AI technology.The current list of listed issues is available for free download.

Disclosure search

Users can search TDnet disclosures published for the past one year*.
* The latest one is for two business days prior.Users can leverage browser machine translation easily for financial statements and other information disclosed in HTML format. An article on how to use browser’s machine translation features and detailed usage notes is also provided.English tags are attached to Japanese documents to facilitate primary extraction of information so that users easily search for information in English.

Useful links

Users can check a list of useful websites related to the securities market*.
* Currently, only websites managed by JPX Group or related companies are available.)

About JPX Market Innovation & Research
JPX Market Innovation & Research, Inc. (JPXI) was established as a subsidiary of Japan Exchange Group, Inc. (TOKYO:8697) in 2022. It consolidates JPX Group’s data/index services and system-related services, and leads further business enhancement of JPX Group by leveraging IT technologies and new business partnerships.

Contact
Frontier Development Department,
JPX Market Innovation & Research, Inc.
E-mail: inf_dev@jpx.co.jp
Inquiry form: https://clientportal.jpx.co.jp/ClientPortalEN/s/InquiryFormEn

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SOURCE JPX Market Innovation & Research, Inc.

‘Doctor Snake’ from the US has discovered some 10 new species inside Hubei World Natural Heritage Site

BEIJING, Nov. 14, 2024 /PRNewswire/ — A report from China Daily

“Not venomous, it’s Elaphe carinata,” Kevin Messenger said to his companions with a smile, as a colorful king ratsnake sank its teeth into his left forearm.

The 42-year-old herpetologist from the United States, who is also a professor at the College of Life Sciences of Nanjing Forestry University, was conducting a field survey in the Shennongjia National Park in Hubei province.

“He’s not attacking, he’s defending. I attacked him,” he said calmly, clutching in his left hand the snake, which was almost as long as the height of a grown man, while one of his companions wiped away the fresh blood trickling from the wound.

Such a scene is a regular occurrence in his daily work. Over the years, Messenger has conducted scientific research in various ecological reserves in China, earning the nickname “Doctor Snake” among his colleagues.

Messenger has been fascinated by snakes since childhood. His earliest memory of a snake was at the age of 3, when his father, an emergency vet, brought home a python.

“I remember looking in the back of the truck and seeing this massive snake, and falling in love with it,” he recalled. “I just thought it was the coolest thing I’d ever seen.”

In May 2006, while he was finishing his undergraduate degree at North Carolina State University, Messenger noticed an online job posting that offered the chance to do a survey of reptiles and amphibians in the unexplored mountain range of Shennongjia.

He applied for the job, which was provided by a Sino-US collaborative research program, and just five days after his graduation, he flew to China and embarked on a four-month exploration of Shennongjia. “It was like a dream come true. Hiking and getting into the woods to catch reptiles and amphibians. … That is exactly doing what I love,” he said.

Messenger’s interest in China continued to grow in the following years, deciding to do field work in China for his PhD program.

In 2017, Messenger earned two PhDs, one from Alabama Agricultural and Mechanical University and the other from Nanjing Forestry University. He then received a job offer in the US, but stayed in China to continue his research.
“One of the reasons why I wanted to continue my work in China is because the state of herpetology in China is still wide open,” he said. “You can still go out to many many different places and find new species. And the natural history of many of these species we still don’t have a full understanding of.”

During a field survey, Messenger usually spends about one week at a field station, going out multiple times a day to find and identify the reptiles and amphibians, trying to get a complete picture of their distribution.

He photographs them, sometimes collects a specimen, and occasionally does genetic work to identify their species. Following the survey, he returns to the university or home base and documents all the recordings in a database. “It is very tiring, very hard and underappreciated. But it is also very enjoyable. Every single time I see a snake, I just get super excited,” Messenger said.

Although he’s been bitten by snakes countless times, he does not blame them, believing that the majority of snakes are gentle and kind, and that biting is a form of self-defense.

In May 2012, Messenger was bitten by a venomous snake — Protobothrops jerdonii, or Jerdon’s pit viper — in Shennongjia, which left him unconscious for 30 to 40 minutes and his entire arm swollen.

He stayed in the hospital for two days, and it wasn’t until the seventh day that he was able to use chopsticks or write with his right hand.

Shennongjia is a place that Messenger holds dear, having visited the area as many as 16 times. He has discovered roughly 10 new species within this UNESCO World Heritage Site and he is currently working on what’s most likely a new species of toad.

“I’ve noticed more and more local people having an appreciation for the environment and wildlife and being more interested in doing whatever they can do to help,” he said, adding that this has further motivated him to continue his work in Shennongjia.

In June, he was appointed by the Shennongjia National Park Administration as an external expert to conduct long-term field research in the area.

As part of his work, Messenger explores new areas outside of Shennongjia to study the local flora and fauna. If these areas meet the criteria for inclusion within the protective zone, new boundaries will be drawn accordingly.

“Protecting the environment is protecting ourselves, because we belong to the environment,” he said.

In March, Messenger registered his marriage to Li Yecheng, from Anhui province, who subsequently accompanied him on his exploration of Shennongjia.

Messenger said his sister always asks their father, who has visited China and attended his wedding, when her brother will return home.

On the most recent occasion, their father told her that he sees no reason for Messenger to go back, as his support system in China is so good. “I’m hoping to stay in China for at least another 10 years, and then maybe continue for another 10 years after that,” he said.

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SOURCE China Daily