VANCOUVER, BC /ACCESSWIRE/January 26, 2022/ Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has entered into an investor relations agreement with MarketSmart Communications Inc. under which MarketSmart will provide Canadian Investor Relations (IR) services to Vicinity.
“Our near-term commercial electric vehicle sales momentum in 2022 is accelerating, and we look forward to working with MarketSmart to help share our progress with forward-thinking investors across Canada,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “MarketSmart is a leading Canadian company specializing in results-driven corporate communications and outreach services, and we look forward to working with the MarketSmart team to educate and engage with our Canadian shareholders and potential investors. “
Adrian Sydenham, President and Director of MarketSmart Communications, said, “Vicinity is Canada’s leading supplier to the mid-size heavy-duty bus market – having received numerous awards and accolades for its products. Over the past year, the company has transitioned from a strong product development and marketing platform to working with world-class partners to expand its electric vehicle product lines into new segments. exciting markets.
“Adoption of commercial electric vehicles is expected to increase as manufacturers offer increasingly competitive products and governments implement stricter policies, increase charging infrastructure and provide incentives. an exciting story to share with the investment community,” concluded Sydenham.
The IR agreement is for an initial term of twelve months starting January 25, 2022, with an option to renew. Either party may terminate the Agreement for any reason, with or without cause, upon 30 days written notice to the other. Pursuant to the IR Agreement, MarketSmart will receive a fee of $7,000 per month plus applicable taxes. The IR agreement is subject to the approval of the TSX Venture Exchange.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ: VEV) (TSXV: VMC) (FRA: 6LGA) is a North American supplier of electric vehicles for public and commercial enterprises. The company relies on 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 . In addition, the company sells its proprietary electric chassis alongside the EAVX business unit of JB Poindexter, the company’s strategic partner, for equipping next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.
Vice President of Corporate Development
Canadian Investor Relations Contact:
MarketSmart Communications Inc.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This press release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein 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 Vicinity’s expectations include uncertainties relating to economic conditions in the markets in which Vicinity operates, vehicle sales volume, expected future sales growth, the success Vicinity’s operating strategies, the timing of the completion of the vehicle assembly plant in Washington State, the effect of the COVID-19 pandemic, government restrictions on operations, the success of Vicinity’s strategic partnerships; and other risks and uncertainties disclosed in Vicinity’s reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity’s forward-looking statements reflect the beliefs, opinions and projections as of the date the statements are made. Vicinity undertakes no obligation to update any forward-looking statements or beliefs, opinions, projections or other factors should they change, except as required by law.
THE SOURCE: Vicinity Motor Corp.
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