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Aduro Clean Technologies is Expanding Scope of Pilot Plant Engineering by Exergy Solutions to Include Chemical Recycling of Polyethylene

Company: Aduro Clean Technologies
Listings: CSE, OCTQB, FSE
Tickers: ACT, ACTHF, 95DO
Market cap at time of publication: 33 $ MCAD / 27 MUSD
Stock price at time of publication: $0.99 CAD / $0,80 USD
Business: Plastic recycling, bitumen upgrading, Renewable diesel & Aviation fuel
Website: https://adurocleantech.com/
Comparable Peer evaluations:
Purecycle 1,66 BUSD
Clean Energy fuels 1,93 BUSD
Agilyx  235 MUSD

ESGFIRE Comment: Aduro Clean Technologies today (21/10 2021) released a very encouraging press release which you will find below. The main take aways that our team draws from this is the following: The Hydrochemolytic proces for plastics is progressing towards an engineering and design scope of 10 tonnes per day and this in turns means that the company is NOT waiting for the results of milestone 1 ( Showroom facility showing continous flow and third party validation ) for the process which shows confidence in the process. Secondly the company must be seeing a high demand for this type of unit (plastics) since they are spending money to design and engineer it. Thirdly the company seems to feel confident about their technology and the fact that they have run the process many times in order to be certain about a positive outcome in Milestone 1 (explained above). Polyethylene is a plastic which on today’s market is very difficult to recycle.

SARNIA, ON / ACCESSWIRE / October 21, 2021 / Aduro Clean Technologies Inc.(CSE:ACT)(OTCQB:ACTHF)(FSE:9D50)(the “Company,” “Aduro Clean Technologies“) a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, is directing Exergy Solutions (“Exergy”) to extend its process design and engineering work on Hydrochemolytic™ Bitumen Upgrading (HBU) to polyethylene upcycling.

As the Company advances toward its Hydrochemolytic™ Bitumen Upgrading (HBU) milestone, work with Exergy to design and engineer the “R3” pilot-scale HBU reactor revealed commonalities for the application of Hydrochemolytic™ Plastic Upcycling (HPU) to polyethylene (PE).

According to Matt McCulloch, Exergy VP of Clean Technology and Innovation, “Aduro Clean Technologies has a firm grip on the core Hydrochemolytic technology (HCT), which is very similar between the bitumen upgrading and PE upcycling applications. We therefore can move to process design and engineering very efficiently, beginning with the 10-tonne-per-day R3-scale pilot reactor for HBU and continuing with R3 for PE, which are the stepping-stones to even larger pre-commercial ‘R4’ plants and beyond.”

The ability to extend the HBU process engineering efforts directly to the PE application offers important efficiency gains for Exergy work and Aduro commercialization efforts. According to Ofer Vicus, CEO of Aduro Clean Technologies, “We established the underlying science of Hydrochemolytic technology (HCT) several years ago, so the critical path to commercialization does not depend on research and discovery, but on the well-established chemical engineering practices. We’re very pleased to have the benefit of Exergy engineering expertise needed to take our scientifically-grounded HCT and scale it up.”

Vicus explained further that “Achieving the First Milestone really is more of a formality that simply shows the same chemistry we’ve done a hundred times in small laboratory batch reactors also works in the regime of continuous-flow commercial systems. The nice thing is, our experience tells us it always works better, giving us great confidence as we move to R3-scale projects to process both bitumen and PE.”

About Exergy Solutions

Exergy Solutions Inc. (Exergy) is a leading supplier of engineering solutions and services that enable industry transition to a low carbon future. Exergy accelerates its clients’ development and deployment of clean-energy process technology through unique integration of rapid prototyping, field-scale piloting, digital solutions, and advanced manufacturing. Based in Calgary, Alberta, Exergy has a state-of-the-art additive manufacturing facility in the University of Calgary Life Science Innovation Hub with industrial 3D printers, post-processing solutions, and a wireless augmented & virtual reality studio. For more information, visit exergysolutions.com or follow @exergysolution on Twitter.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost – a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the Company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil. Additional information on Aduro Clean Technologies is available on the Company’s website.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

ESGFIRE Portfolio update september 2021

Best monthly performers
Biofrigas Option 1 : +36%
Desert control: + 35 %

Worst monthly performers
Environmental waste international: -41 %
Solarvest Bioenergy – 28 %

Current positions with monthly performance for September 2021

Aduro Clean Technologies – Up 11 % for september , awaiting validation from third party on their hydrochemolytic technology. Analysis coming shortly.

Aurora Solar Technologies
– +-0 Awaiting third party validation by a major potential client which should be imminent.

Char technologies – +-0 no material change.

Desert Control – Up 35 % we are expecting to hear news about their project in Saudi Arabia shortly which could mean big revenue.

Earthrenew –Down 11 %. The stock is currently a waiting game. Fundamentals are very sound with increasing revenues and one big seller which has put a major pressure on the stock. Once this seller is gone we expect a return to more normal trading levels at 0.30-0.40 CAD

Environmental Waste international – Down 41 %, extremely dissapointing development. The JV partner torreco is awaiting governmental approvals before they are willing to invest the remaining outstanding amount required to get the first test facility into commercial production. The company needs to step up and speed up their operations.

Newlox Gold Ventures Corp – Down 27 % despite very good test results in their projects.

Vicinity Motor Corp – +- 0 the company has revealed very impressive news lately and should shortly receive analyst coverage which may prove a signifcant catalyst. Recently came out with a financial projection of revenues for 2022 amounting to 140 MCAD.


Solarvest BioEnergy – Down 28 % , very disappointing stock price lately but our conviction remains. We think big deals are around the corner.

Biofrigas Option 1 –Stock up 6 % , Option up 36 % Biofrigas recently updated and stated their validation should be done shortly. This should prove a great catalyst!

Sold positions :

Landi Renzo – No progression as we expected, sold but we may buy it back if we see good progression on their commercial hydrogen projects.


Cielo waste solutions – The company has had a turbulent time and we chose to exit our position during september. We may consider buying it back into the portfolio when we see continous flow to be proven atleast in the range of 500-1000 LPH range.


Lion E mobility – We have not seen any progression with their TIER 1 client which we find worrying , also their largest client Vicinity motors corp have today (13/10 2021) announced a new battery supplier which leads ut to think Lion might lose revenues which would be even more worrying since they have just purchased the rights for the BMW batteries production and invested money in this revenue source. IF and WHEN we see that the cooperation with the TIER 1 supplier progress we will consider bringing the stock back into the portfolio.

Temporarily sold positions:

Nuvve – Temporarily sold we expect to buy this stock back shortly.
Absolicon -Temporarily we expect to buy this stock back shortly.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Announces Strategic Supply Agreement with Electrovaya for Lithium Battery Systems for Vicinity Lightning™ EV buses and fully electric VMC 1200 Class 3 trucks.

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $217MCAD
Stock price at time of publication: $7,05 CAD ( reverse split price 2,35 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $350 MCAD
Website: https://vicinitymotorcorp.com/

Electrovaya to provide Lithium-ion battery systems for Vicinity electric vehicles

ESG comment: We are very pleased to see that Vicinity Motor Corp has secured a supplier of batteries in North America. This will surely enable for a smoother production. It yet remains to be seen which consequenses this will have for the current battery supplier Lion E-Mobility in Germany.

VANCOUVER, BC – October 13, 2021 – Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (“Vicinity Motor,” “Vicinity” or the “Company”), a leading North American supplier of commercial electric vehicles,  today announced the formation of a strategic supply agreement with Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) (“Electrovaya”) for the supply of battery systems for the Company’s line of Vicinity Lightning™ EV buses and fully electric VMC 1200 Class 3 trucks.

Electrovaya is a leader in the global energy transformation, focused on contributing to the prevention of climate change through its efforts to supply safe and long-lasting Lithium-ion batteries. Electrovaya designs, develops and manufactures Lithium-ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.

The agreement provides Vicinity with Lithium-ion battery systems that utilize the latest Electrovaya NMC ceramic lithium-ion battery technologies and will support full integration within Vicinity’s line of vehicles.

“Our decision to collaborate with Electrovaya as a strategic supplier followed rigorous engineering and due diligence activities,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor. “Sales momentum for our Vicinity Lightning™ EV lines of buses and our new fully electric VMC 1200 Class 3 Truck continues to scale, and this agreement secures our supply chain for the crucial battery component of our platforms. The Electrovaya batteries will provide confidence with prospective customers with a superior lifecycle performance and peace of mind with respect to safety.”

“Vicinity customers using the Electrovaya battery system will experience best-in-class performance with our leading-edge technology,” said Sankar Das Gupta, President and Chief Executive Officer of Electrovaya. “Our partnership will bring together two leaders in commercial and public vehicle electrification and deliver models at a price point suitable for mass deployment across small and large fleets. Vicinity Motor Corp. offers a highly competitive lineup of electric vehicles for the North American market and we expect our battery systems to help provide an additional competitive advantage to improve their adoption.”

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Cielo Announces Operational and Corporate Update

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 319 MCAD at time of publication
Share price: 0.49 CAD at time of publication
Industry: Converting waste to renewable fuel

VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Cielo WasteSolutions Corp. (TSXV:CMC;OTCQB:CWSFF) (Cielo” or the “Company”) today provides an operational and corporate update, highlighting the following:

  • Successful commissioning of the desulphurization unit at Aldersyde, Alberta facility (the “Aldersyde Facility”) constitutes completion of one of the important components of ongoing research and development (“R&D”) activities to progress toward continuous production on a commercial scale;
  • The desulphurization unit is anticipated to enable Cielo to generate higher revenue from its waste-to-fuel products once continuous production on a commercial scale is attained; and
  • Mr. Chris Sabat assumes the role of Chief Legal Officer and Corporate Secretary with expanded corporate responsibilities.

Desulphurization

The desulphurization process is one of the important components of ongoing R&D activities to progress toward continuous production on a commercial scale. We are pleased with the performance of the desulphurization unit during its initial run at the Aldersyde Facility. The successful commissioning of the desulphurization unit at the Aldersyde Facility demonstrates that Cielo is capable of producing diesel with a sulphur content that complies with road diesel requirements in North America.

On September 27, 2021, Cielo began the final commissioning procedures for the safe start-up of the desulphurization unit for the initial run. The Company completed mechanical, instrumentation, and electrical verification processes required for the desulphurization unit to start up. The desulphurization unit was then purged and loop checks were completed followed by commencement of the warmup sequence. Diesel feed, with a high sulfur content, averaging 800 parts per million (“ppm”), was initiated into the desulphurization unit, after which the unit was monitored and tuned to verify and record the specific on-site parameters and metrics of operation and performance. The Company is very pleased to report that this initial run, and the operation of the desulphurization unit, have met the operational expectations based on the Company’s design parameters:

  • the desulphurization unit was operated at a constant pressure of 1,000 kilopascal (145 psi) and processed a total of 25,000 liters (6,604 gallons) of diesel;
  • the diesel processing flow rate ranged from 500 liters (132 gallons) per hour (“lph” and “gph”) to 1,500 lph (396 gph), with an average inlet sulfur content of 800 ppm;
  • the diesel produced after the desulphurization process contained a sulfur content of less than 15 ppm; and
  • preliminary operational data indicated that the expected operating cost of the desulphurization process which ranged from approximately $0.08/litre ($0.31/gallon) to $0.13/litre ($0.50/gallon), was within the Company’s anticipated design parameters.

Further system testing and tuning will be performed as the Company continues to streamline its overall processes at the Aldersyde Facility. In addition, Cielo remains committed to advancing the priorities that were outlined in the September 27, 2021 press release and the subsequent conference call held on September 29, 2021. These priorities are designed to accelerate the drive toward commercialization and revenue.

In order to achieve continuous production on a commercial scale, the next steps include undertaking engineered process modifications to the inlet feed system, the reactor, and biomass waste management system at the Aldersyde Facility. In parallel, Cielo has initiated, and is well into, the design phase of the scaled-down version (60 lph/16 gph) of a full-scale 4,000 lph (1,057 gph) facility in Fort Saskatchewan, Alberta (the “R&D Facility”). Cielo anticipates that the fabrication and construction phase of this R&D Facility will commence by the end of Q1 2022.

The utilization of the Company’s desulphurization unit is anticipated to enable Cielo to generate higher revenue from its waste-to-fuel products. Diesel with a sulphur content that complies with road diesel requirements in North America, can be sold at a higher price, compared to diesel with higher sulphur content.

All amounts in this news release are in Canadian dollars unless otherwise indicated.

Corporate Update

In addition to the operational advancements, Cielo continues to streamline and enhance the strength of the corporate structure, optimize costs, and establish clear and transparent processes. As a result of these efforts, Cielo’s Board of Directors expanded the responsibilities of Mr. Chris Sabat, who is now Chief Legal Officer and Corporate Secretary. Mr. Sabat will oversee and manage all matters related to corporate services, including Health, Safety & Environment, Human Resources, Vendor Management, Information Technologies, and Joint Arrangements. Previously, Mr. Sabat held the title of Corporate Secretary and General Counsel.

Lionel Robins, formerly SVP Global Development and Indigenous Relations, and Raphael Bohlmann, formerly SVP Corporate Development and Investor Relations, have resigned their positions with Cielo in order to focus their efforts on Renewable U Energy Inc. with which Cielo has entered into several Memorandums of Understanding. Cielo thanks Mr. Robins and Mr. Bohlmann for their contributions.

Cielo’s Board of Directors are currently in the process of shortlisting candidates for appointment to the Board and the selection of a Lead Director, with such optimal skills and experience needed to facilitate the continued growth and governance oversight of the Company.

Legal Disclaimer

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Provides Corporate Update and 2022 Financial Guidance of $140 million sales – 538 % increase compared to 2020!

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $207 MCAD
Stock price at time of publication: $6,71 CAD ( reverse split price 2,23CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $350 MCAD
Website: https://vicinitymotorcorp.com/

ESG comment: For the financial year of 2020 Vicinity motors recorded sales of 26 million CAD. For the financial year of 2021 ESGFIRE estimates that sales will increase close to 100 % to about 45-55 million CAD. We are therefore extremely pleased to see that the company themselves now project a 538 % increase in sales from 2020 sales numbers of 26 million CAD to 140 million CAD for 2022. This is a remarkable growth which shows how high the demand is for Vicinity Motor corps vehicles that stand best in class and best value for money. We believe this is only the beginning of the company’s growth journey in the electric vehicles sector and we would not be surprised to see 250-300 million CAD in sales going into 2023 barring any unforeseen mishaps. The US facility in Washington that can produce Buy America compliant vehicles is estimated to begin operations in mid 2022. Financial year 2022 Adjusted EBITDA is expected to be over $10 million with significant potential upside according to the companys press release below. It’s very reassuring to see that Vicinity Motors estimates that profits will return in 2022 and we estimate these will increase as they go into larger mass production. Once again Vicinity Motor proves why they are the ESGFIRE’s top pick in the electric vehicles sector and ,according to us, tremendously undervalued to peers at an evaluation of just 1,5X 2022 sales.

VANCOUVER, BC – October 12, 2021 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity Motor” or the “Company”), a leading North American supplier of commercial electric vehicles, today provided a corporate update and financial guidance for 2022.

Through the year ending December 31, 2022, Vicinity Motor expects to complete deliveries of over 95 Vicinity™ Classic buses, 75 Vicinity Lightning™ EV buses and chassis, 200 VMC 1200 EV trucks, and 300 Vicinity Optimal EVs to drive year end revenues of over $140 million. FY 2022 Adjusted EBITDA is expected to be over $10 million with significant potential upside.

The Company expects to deliver over 130 Vicinity™ Classic buses during 2021. Consistent with other manufacturing and transportation companies, Vicinity Motor continues to experience temporary delays from some suppliers and shipping companies which has delayed over 20 buses now expected to be delivered in 2022 rather than 2021.

“Ongoing sales activities across our vehicle lines have positioned us for a strong 2022,” said William Trainer, Chief Executive Officer of Vicinity Motor Corp. “Based on our existing backlog and large pipeline, we expect a strong cadence of sales growth into 2022 with additional near-term customer orders. To support this significant demand, our Washington State assembly facility is expected to begin operations by mid-2022 – beginning the ramp of U.S.-made vehicles.

“Our recent exclusive reseller agreement with Optimal EV, and collaboration agreement with the JB Poindexter business unit, EAVX, will also begin to drive revenue growth in the new year. We look forward to continuing to deliver record-breaking financial results and sales of both our classic and new lines of breakthrough electric buses and trucks. I have never been more confident about the future and potential for long-term shareholder value creation at Vicinity Motor Corp.,” concluded Mr. Trainer.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Solarvest Bioenergy to launch a suite of products in China and USA!

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $9,96MCAD
Stock price at time of publication: $0.18 CAD
Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production
Comparable peers: Else Nutrition market cap : 306 MCAD
Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/

Vancouver, B.C. – TheNewswire – October 6th, 2021–  Solarvest BioEnergy Inc. (“Solarvest”, or the “Company”) (TSXV:SVS), is pleased to report, that through its wholly owned subsidiary Eversea, the launch of a Chinese social media promotion program and the development of a line of products for distribution in the USA and through OrgHive in China. The products include the company’s proprietary organically produced and FDA NDI #861 approved Omega-3 as the foundation for the entire range of products.  The four new blended powder products are Daily Omega, Stamina, Recovery and Vision.  All are formulated to supplement the essential daily Omega-3 requirement with added functional organic ingredients.  For example, Stamina includes ingredients that are known to dilate blood vessels, an effect that can lower blood pressure and increase exercise time to task failure.  Recovery includes ingredients that, in addition to Omega-3, are known to reduce inflammation.  The company will also launch its children’s organically certified dried fruit gummy in China.  These products are ideal for the approximate 300 million Chinese middle-class consumers who are driven to imported and organically certified products.  These products assuage their concerns about locally produced products and food due to soil contamination and overuse of agriculture chemicals.  

Orghive uses Blockchain technology to give customers conformation that the certification “organic” have actually been approved by regulators – not counterfeit.  In China, the misuse of the qualifying term “organic” has made consumers wary of the classification.  This technology will allow them to purchase organic products with instant mobile verification knowing they have been properly approved by reputable organic certifiers.  In North America some of the largest platforms do not protect consumers from any company using “organic” as their search terms for their Omega-3 products.  The OrgHive platform goes a long way to correct this confidence deficit through blockchain technology for its customers.

ESG comment:
Solarvest is conducting a series of strategic partnership and we think it’s very encouraging to see that they are working on their own product line as well with larger clients for bulk orders. We have previously written comments about the HIVE partnership which can be found here.
We are eager to hear more from the company on what they think this partnership can bring in the form of revenues . The potential is clearly massive.
A quick calculation by ESGFIRE shows that if Solarvest attracts ONLY 0.1 % of the customer base (23000 customers buying 12 bottles a year at 20 USD per bottle) could equal 5.5 million USD in annual sales.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motors enters EV cutaway market in Strategic Partnership with Optimal-EV -Adding 30 MUSD firm sales for 2022 and 600 MUSD in potential sales pipeline!

Vicinity Continues to Expand All-Electric Product Offering within its North American Dealer Network; To Host Conference Call at 4:30 p.m. Eastern time Today

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $210 MCAD
Stock price at time of publication: $6,8 CAD ( reverse split price $2.26 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $378 MCAD
Website: https://vicinitymotorcorp.com/

VANCOUVER, BC – October 6, 2021 – Vicinity Motor Corp. (TSXV:VMC) (NASDAQ:VEV) (FRA:6LGA) (“Vicinity Motor” or the “Company”), a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced the Company has signed a licensing and marketing agreement partnering with Optimal Electric Vehicles, LLC (“Optimal-EV”), a market leader in the low-floor electric shuttle bus segment, to serve as the exclusive North American distributor of its all-electric product line through Vicinity’s wide dealer network.

Vicinity Motor has entered into the licensing and marketing agreement to license and sell the Optimal S1 and E1 product lines for a period of 10 years in exchange for an investment of USD$20,000,000. Optimal-EV will produce the vehicles and chassis for Vicinity Motor and Vicinity Motor will market and sell the vehicles directly in Canada and through a dealer network in the U.S. Vehicles will be branded “VMC Optimal” and the two partners will share in revenue and profits.  The deal is intended to combine the strengths of the two companies in engineering, procurement, design, sales and support.

With the agreement, Vicinity Motor will have access to:

  • Over USD$30,000,000 in firm orders for deliveries in 2022
  • LOI with existing Optimal-EV dealers for potential sales of USD$194,000,000 in 2023
  • Potential sales pipeline of over USD$600,000,000

“This new agreement is a testament to our proven execution, wide sales network and robust footprint throughout North America,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “With a clear market segment leadership position in Canada and a growing portfolio of U.S. customers, we are confident we can deliver sales results for Optimal-EV and further enhance our presence in the electric vehicle and Medium & Light Duty Cutaway categories. In a total addressable market of USD$26 billion, the agreement will provide access to order book of over USD$30 million for delivery in 2022.

“We expect to add to this backlog significantly through our current customer base in Canada and our new partnership with EAVX, a JB Poindexter & Co. subsidiary, announced earlier this week. Optimal-EV has utilized decades of OEM-level engineering prowess and 5 years of EV-specific development experience to deliver the only low-floor electric shuttle bus in its class. The E1 and S1 products offer industry-leading performance, features, comfort and durability. We look forward to working with the team at Optimal-EV to expand our portfolio of EV vehicles and extend our reach to another segment of the rapidly growing all-electric market.”

Song Young, CEO of Optimal-EV added, “Vicinity was an ideal fit for this partnership with strong brand-recognition throughout North America and a leading position in the electric bus market with its groundbreaking Vicinity Lightning™ EV. This synergy – along with their strong commitment to service, long-standing customer loyalty and solid reputation – will lead to a successful partnership and provide a springboard for significant sales of the E1 and S1 through Vicinity’s broad dealer network.”

Having arrived in Q3 2021, the Optimal E1 is a Best in Class fully-electric low floor chassis built on the E450 frame, aimed to be an enabler for zero-emission operation of an extensive range of market segments, including commercial trucks and buses, ambulances, recreational vehicles and fleet trucks. The E1’s innovative powertrain system enables more than 125 miles of driving range, 75MPH top speed, 30% gradeability at maximum load—and utilizes high-performance battery systems from Proterra®, which have industry-leading energy density, a flexible design to fit within a wide variety of vehicles, and rigorous pack level validation designed for safe and durable vehicle operation. The E1’s flexible rear-drive design integrates the vehicle’s fully-electric powertrain, including the 113 kWh Proterra Powered™ high-performance battery pack, in-between the chassis rails to allow for seamless aftermarket body integration. The vehicle can fully charge in about two hours with optional DC fast charging and will feature a gross vehicle weight rating (GVWR) of 14,500 pounds.

The Optimal S1 low floor cutaway shuttle bus, also built on the E450 chassis, takes full advantage of Optimal-EV’s OEM-quality design and engineering to introduce a product that is both C/FMVSS and ADA compliant. Its low-floor design, which is made possible by the innovative packaging of battery-electric propulsion, allows for ultra-low 11″ step-in height and quick deployment of an ADA-compliant accessibility ramp without the need for the added complexity of kneeling suspension. A variety of seating and storage configurations ensure the Optimal-EV S1 meets all of customers’ fleet needs.

Special Corporate Update Call – VMC, Optimal-EV and EAVX

In conjunction with this week’s announcements, Vicinity Motor Corp. CEO William Trainer, Optimal-EV CEO Song Young and EAVX COO & General Manager Mark Hope will discuss the significance of these recent partnerships on a conference call. The call will conclude with a question and answer session for dial-in participants.

Date: Wednesday, October 6, 2021
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-877-407-0792
International Dial-in: 1-201-689-8263
Conference ID: 13723806
Webcast: http://public.viavid.com/index.php?id=146806

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Saturday, November 6, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 13723806. A webcast replay will also be available by clicking the webcast link above.

ESG comments:
Vicinity Motors announces a breakthrough partnership agreement today ( 6/10 2021) which includes both Optimal-EV , JB pointdexter and Proterra.
The agreement is a revenue/profit sharing agreement which adds over USD$30,000,000 in firm orders for deliveries in 2022. LOI with existing Optimal-EV dealers for potential sales of USD$194,000,000 in 2023 and a potential sales pipeline of over USD$600,000,000.
Note the parties will split revenue and profits, actual terms are not disclosed.
This agreement (if all goes according to plan) is set to put Vicinity Motors as one of the leading EV producers in North America and this cleary shows why the company is the top pick for ESGFIRE in the electric vehicles market!

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Announces Closing of $10M Financing

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $229.69 MCAD
Stock price at time of publication: $7.45 CAD ( reverse split price $2.48 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $403 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp, A leading supplier of electric, CNG and clean diesel vehicles, announces that, further to its news release dated September 27, 2021, it has closed its non-brokered financing of unsecured debenture units (each a “Unit”) in the principal amount of CAD$10,300,000 (the “Offering”). The Company will use the proceeds for general working capital and to fund contract requirements for recently received Vicinity bus orders.

Each Unit was sold at an offering price of $985.00 per Unit and consists of one 8% unsecured debenture of the Company in the principal amount of $1,000 (each, a “Debenture”) with interest payable upon maturity being 12 months from the date the Debentures are issued and 40 common share purchase warrants (each, a “Warrant”) expiring 12 months after the date of issuance of such Warrants.

The Debentures will be repaid in cash at maturity. Each Warrant will entitle the holder thereof to purchase one Common Share (each, a “Warrant Share”) at an exercise price of $7.50 per Warrant Share at any time up to 12 months following the closing date of the Offering (the “Closing Date”), subject to adjustment in certain events. The Debentures, in whole or in part, will be convertible into common shares of the Company at the option of the holder at any time following the occurrence of an Event of Default that is uncured for a period of ten (10) business days (the “Conversion Date”), at a conversion price equal to the market price on the date the Event of Default. Holders converting their Debentures will receive accrued and unpaid interest thereon to the date of actual conversion.

The Company will have the right at any time, on 10 days’ notice, to prepay the Debentures in whole or in part, pro rata among the holders. The repayment shall be in cash, against the
principal amount of the Debenture plus accrued and unpaid interest.

The Company paid an administrative fee of 0.5% of the funds raised to Leede Jones Gable Inc. The Debentures, Warrants and the Common Shares issuable upon the exercise of the Warrants or conversion of the Debentures will be subject to a statutory resale restriction expiring on February 5, 2022. The Company received TSX Venture Exchange approval to close the Offering and issue the Debentures and Warrants.

ESG Comments:
We are very pleased to read that Vicinity Motor has announced the closing of a $10M financing. The financing was done at a very reasonable rate which shows the faith that investors have in the company. We are looking forward to following Vicninty’s path to hopefully becoming one of the market leaders of the electric vehicles public transportation sector!

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We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

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Vicinity Motor Corp. Executes Strategic Collaboration Agreement with JB Poindexter a 2 billion dollar turnover partner!

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $228 MCAD
Stock price at time of publication: $7.40 CAD ( reverse split price 2,46 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $403 MCAD
Website: https://vicinitymotorcorp.com/

VANCOUVER, BC – October 4, 2021 – Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LG) (“Vicinity Motor,” “VMC” or the “Company”), a North American electric vehicle (EV) manufacturer focused on providing sustainable and cost-efficient EVs to the transportation industry, today announced that it has entered into a strategic collaboration agreement with the JB Poindexter business unit, EAVX, whose mission is to envision and develop next generation alternative fueled commercial work truck bodies.  This collaboration will integrate EAVX bodies with the existing Vicinity bus and truck motor chassis.

Vicinity Motor seeks to lead the global transition to more sustainable vehicles by expanding existing product lines and creating solutions for new customer segments.

“We have been looking forward to this partnership with EAVX, a new JB Poindexter business unit who is on the forefront of technology innovation,” said William Trainer, Chief Executive Officer of Vicinity Motor Corp. “Vicinity has strong engineering and manufacturing expertise, and we believe that it is a natural transition to modify our proven electric bus chassis to accommodate walk-in van applications. Additionally, we believe there is significant demand through our existing municipal customer base for work truck solutions leveraging our new VMC 1200 Class 3 truck.”

The proposed objectives of the collaboration include:

                          1) Development of a next generation class 3 EV truck for municipal fleet applications.

                          2) Development of a next generation class 5/6 truck for walk-in van applications.

“We have a long history of creating the best work truck and commercial vehicle bodies and accessories, and we plan to continue to expand our capabilities by providing alternative energy vehicles through this partnership with VMC,” said John Poindexter, CEO and Chairman, JB Poindexter & Co.

“As our municipal and commercial customers evaluate the decision to convert fleets from internal combustion engines to alternative fuel, such as EVs, the total cost of ownership is a primary factor,” said EAVX Chief Operating Officer and General Manager, Mark Hope. “Working with Vicinity Motor will enable us to offer vehicle solutions that help lower the cost of fuel and maintenance and expedite the adoption of EVs in the municipal and commercial vehicle markets.”

ESG comments:
The latest deal signed by Vicinity Motors with JB pointdexter could very well be the catalyst that gives the VMC stock a projectile movement. The deal enables Vicinity to increase and expand production capabilities for their new Class 3/5 and 6 trucks. Vicinity Motors is our top pick in the electric vehicles sector for good reasons. They have growing sales, an increasing product offering, innovative partnerships that constantly increases their competitive edge and finally but not least a very low evaluation. Their new partner JB pointdexter is the largest chassi builder of small and medium size trucks in the United States with a yearly turnover of over 2 billion USD. JB pointdexter is a trade partner for all the big delivery services which will have an exponential effect for Vicinity Motor sales. The partnership today could possibly put Vicinity Motors in a position where they are able to sign customers such as UPS, Fedex and American post! We would not be surprised to see a big rally in VMC shares this week due to this news release since it will likely attract eyes from both institutional investors and retail investors!

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

Vicinity Motor Corp. Partners with Aereus Technologies to Offer Next-Generation Antimicrobial Treatment for Vehicles

No description available.

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $223 MCAD
Stock price at time of publication: $6.27 CAD ( reverse split price 2,09 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $416 MCAD
Website: https://vicinitymotorcorp.com/

Patented, Antimicrobial Treatment Protects Vehicles from Harmful Bacteria Transmission, Improving Confidence in Rider Safety for Public Transit Operators

VANCOUVER, BC – Sept. 30, 2021 – Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) Vicinity Motor” a leading supplier of electric, CNG, gas and clean diesel vehicles, today announced it has partnered with Aereus Technologies to offer its CuVerro Shield™ technology – a permanent antimicrobial treatment option for high-touch areas of Vicinity vehicles.

CuVerro Shield™, a patented non-chemical treatment helps protect transit passengers and operators from the transmittal of harmful bacteria* for the entire service life of the vehicle through standard cleaning and upkeep. Aereus’ antimicrobial solutions provide a one-time copper-based application on surfaces that works 24×7, never wears off, and kills 99.9% of bacteria in two hours. CuVerro Shield™ is registered with the U.S. Environmental Protection Agency (EPA) and Health Canada Pest Management Regulatory Agency (PMRA) to make specific health claims.

CuVerro Shield™ will be an optional feature on all Vicinity™ Classic and Lightning™ EV buses. The technology is also available for retrofit application for all current operating fleets of Vicinity™ buses throughout North America.

“With the increasing awareness and need for antimicrobial strategies in the public space, we believe that both transit vehicle operators and passengers can benefit from CuVerro Shield™,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Aereus Technologies has created an impressive and cost-effective solution with its non-tarnishing copper alloy technology that has permanent efficacy over the life of the vehicle. This allows our long-time customers to easily retrofit existing vehicles without a significant impact to vehicle availability.”

“We are leveraging this health and safety technology enhancement for our Vicinity™ buses to position us for early leadership and growth in what we believe will become the new normal technology to deal with what has become an ongoing public health issue. We believe offering CuVerro Shield™ health and safety enhancements will add to our competitive advantages and help to further expand our market share throughout North America,” concluded Trainer.

VMC today announces that certain Eligible Directors have requested that their respective director’s remuneration for the calendar year 2021 be paid in Deferred Share Units (“DSUs”) and accordingly, the Company has granted 28,671 DSUs in connection with Directors Remuneration for Q3.

About Aereus Technologies

Aereus Technologies has partnered with Olin Brass, one of the world’s oldest, most innovative and diverse producers of copper alloys, to introduce CuVerro Shield™ by Aereus Technologies.  A familiar technology throughout healthcare as a US EPA registered antimicrobial copper that begins killing 99.9% of bacteria* on contact. For more information, please visit http://www.aereustech.com.

ESG Comment:
We are delighted to see Vicinity Motors contract yet another innovative partner company, this time its with Aereus Technologies which will be able to improve the health aspects of passengers in Vicinity Motors where its products are applied.. This partnership will further increase the competitive advantage of the company which already has one of the best in line and most cost competitive EV buses on the market.

Legal Disclaimer

We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.