VANCOUVER, BC, May 15, 2025 /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, announces the closing of the first tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $500,000 (the “Initial Loan”). Please refer to the Company’s news release dated May 13, 2025 for more details regarding the term loan offering.

In connection with the Loan, the Company entered into respective loan agreements with companies controlled by the CEO and a Director of the Company (the “Initial Lenders”). Management anticipates that the Company will allocate the net proceeds from the Initial Loan towards production costs, supplier payments, payroll and working capital.

The Initial Loan is secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of advance (the “Advance Date”) to and including the date all of the Company’s indebtedness pursuant to the Initial Loan is paid in full. The term of the Initial Loan will be two years from the Advance Date.

As an inducement for the Loan, the Company issued 1,086,956 non-transferable share purchase warrants (each, a “Loan Bonus Warrant”) to each Initial Lender. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a “Share”) at an exercise price of U.S. $0.46 per Share for a period of twenty-four (24) months from the closing date of the Initial Loan.

The Initial Lenders are each considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the Initial Loan and issuance of Loan Bonus Warrants is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value of the Initial Loan and Loan Bonus Warrants is not more than 25% of the Company’s market capitalization.

All securities issued in connection with the Initial Loan will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan in accordance with applicable securities legislation.

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 news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. 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. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at www.sec.gov. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, 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.  ©2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

Industry Pioneer Unveils Next-Generation AI Solutions and Enhanced Cloud Ecosystem

CUPERTINO, Calif., May 15, 2025 /PRNewswire/ — TVU Networks, a pioneer in live video production and a leader in cloud-based media solutions, will celebrate its 20th anniversary at BroadcastAsis 2025 (BCA 2025). Since 2005, TVU has revolutionized media production by developing IP-based solutions that empower content creators throughout Asia-Pacific to deliver high-quality live video without traditional infrastructure constraints.

At Booth #5I4-3, TVU will unveil breakthrough technology that significantly reduces cloud production costs while enhancing performance. Visitors can experience these innovations firsthand, alongside newly integrated AI-powered tools including media analysis, scan conversion, and SCTE integration—all designed to boost productivity for Asian broadcasters.

The spotlight will shine on TVU MediaHub, launched in 2024 and already honored with six industry awards. This cloud routing platform arrives in Singapore with enhanced features tailored for APAC markets. MediaHub has become essential for mission-critical broadcasts across the region, from managing hundreds of simultaneous feeds during elections to providing redundancy for international sporting events.

“TVU’s innovation has always been fueled by the needs of our customers and partners,” said Paul Shen, founder and CEO of TVU Networks. “For 20 years, we have been committed to being a true partner to the industry. This collaborative approach has driven our success and enabled us to shape the future of live production together.”

Join TVU Networks at Booth 5I4-3, Singapore Expo, 27-29 May 2025, to discover how these innovations can transform your content creation.

Sign up to meet our experts for a personalized demo at BCA 2025 https://info.tvunetworks.com/bca-2025

Photo – https://mma.prnewswire.com/media/2688191/Meet_TVU_BCA_2025.jpg

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Listen to expert perspectives on automation, robotics, and warehouse management system strategies at the Knowledge TheatreVisitors can experience firsthand SSI Schaefer’s expanded range of solutions, RackBot System Elevate and Shuttle Solutions, for the first time

SINGAPORE, May 16, 2025 /PRNewswire/ — SSI Schaefer, a global leader in intralogistics and automated warehouses, today announced its participation at CeMAT Southeast Asia 2025 from 19 to 21 May 2025 in Singapore (Booth D5, Singapore EXPO Hall 3). As the Main Sponsor of the Knowledge Theatre, the company’s thought leaders will deliver insights into automation for smart warehousing, scalable solutions for small-and-medium-sized enterprises (SMEs), and warehouse management system strategies.

SSI Schaefer’s booth will feature live demonstrations of SSI Schaefer’s expanded range of solutions providing visitors with an interactive and intuitive experience. The new RackBot System Elevate and Shuttle Solutions will be displayed to the public for the first time. Also, visitors can learn about the real-time monitoring capabilities of the WAMAS software portfolio.

Sean Lim, Country Head at SSI Schaefer Singapore said, “Pushing the boundaries of automation, robotics, and digital solutions is a testament to our passion for intralogistics. At SSI Schaefer, our experts adopt a customer-centric approach by balancing customers’ current business needs while ensuring they are well-positioned to meet future demands. We’re thrilled to connect with our customers and set them up for success in their warehouse operations.”

Pre-book a consultation session here.

Enhancing Warehouse Efficiency

As an intralogistics provider from a single source, SSI Schaefer offers a comprehensive range of solutions to address warehouse challenges across different sectors.

The RackBot System Elevate is a goods-to-person solution that automates picking processes in rack systems of up to 12 m high. Utilizing a fleet of autonomous mobile robots (AMR), the ClimbBots, each AMR can be deployed across all areas of the warehouse. Its rapid implementation, high storage density, and scalability make it suitable for diverse applications, catering to both SMEs and large corporations.

Furthermore, the Shuttle Solutions allow warehouses to achieve operational efficiency and space maximization. It can be adapted to single, double, or multi-deep storage, travel at speeds of up to 1.5 m/s, and operate in both ambient and deep-freeze warehouse environments up to -25 degrees Celsius.

Carsten Spiegelberg, Head of Logistics Solutions at SSI Schaefer Asia & Middle East and Africa said, “Digitalization has transformed the way companies approach their supply chains, making it essential for companies to invest in warehouse automation. An automated warehouse brings about a host of benefits – from reduced footprint, flexibility, scalability and increased throughput to reduced operational expenditure, real time tracking, improved stock control, and many more.”

Knowledge Sharing by Intralogistics Experts

At this year’s event, SSI Schaefer’s experts will share their expertise and insights on trends in the logistics and supply chain sector at the Knowledge Theatre. These sessions will help companies gain a clearer understanding of the investments needed for warehouse automation.

More information can be found here.

About SSI Schaefer 

The SSI Schaefer Group is a leading global solution provider for all areas of intralogistics. By leveraging innovative technologies, the Group empowers companies to increase the efficiency and sustainability of their material flow processes through offering cost-effective end-to-end intralogistics solutions. Additionally, the Group is one of the largest software vendors for internal material flow, providing sustainable resource management within warehouses.

Headquartered in Neunkirchen, Germany, SSI Schaefer has about 80 operating companies and seven production sites worldwide.

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SOURCE SSI Schaefer