Vicinity™ buses selected for Washington statewide purchasing contract that gives state transit agencies the right to purchase from the Company's diverse bus portfolio. Received significant governmental support with statewide purchasing contracts, rebate eligibility and grant awards.Īwarded authorization from MBTA on behalf of the largest state transit association in the U.S., the California Association for Coordinated Transportation, for consortium members to select Vicinity buses in a statewide purchasing contract that gives State transit agencies authority to purchase "Buy America" compliant buses directly from the Company's diverse portfolio through its distribution partner ABC Companies. Received $7.5 million in proceeds from accelerated warrant exercises, further fortifying the Company's balance sheet to $10.2 million in cash, with no remaining warrants outstanding. Revenue grew 119% to $19.1 million in the three months ended June 30, 2021, as compared to $8.7 million for the three months ended June 30, 2020.ĭelivered 46 buses for the three months ended June 30, 2021, as compared to 23 buses for the three months ended June 30, 2020.Ĭommenced trading of the Company's common shares on the Nasdaq Capital Market under the symbol "VEV" to help elevate the Company's public profile, expand its shareholder base, improve liquidity and enhance shareholder value. Second Quarter 2021 and Subsequent Operational Highlights (TSXV:VMC)(NASDAQ:VEV)(FRA:6LG)("Vicinity Motor" or the "Company"), a leading supplier of electric, CNG, gas and clean diesel buses, today reported its financial and operational results for the second quarter of 2021.
VICINITY BUS STOCK MANUAL
In some cases, laborious manual digging had to be done to prevent disruption to commuters and ongoing train operations.VANCOUVER, BC / ACCESSWIRE / Aug/ Vicinity Motor Corp. The CCL also weaves through built-up areas, such as Dhoby Ghaut, the dense residential neighbourhoods of Bishan and Serangoon, as well as existing underground train lines and stations. The CCL tunnels run close to the Kallang-Paya Lebar Expressway tunnel, the Deep Tunnel Sewerage System, and cable tunnels near the Upper Paya Lebar/Airport Road junction, so extreme precision had to be exercised in building the CCL’s tunnels. Tunnelling through a maze of existing tunnels and cables.Some of the special techniques (PDF) used include top-down construction (PDF, 648kb), and building a continuous bored pile wall (PDF, 475kb), a secant pile wall, and diaphragm (PDF, 371kb) and sheet pile walls (PDF, 372kb) (internal) (PDF, 243kb). In the Mountbatten area, hard ground made it extra difficult to extract some 500 reinforced concrete and steel foundation structures (called piles) that had been placed as supportive structures, and explosives had to be used to break through the rock. Special techniques were used to tunnel in these areas as well as under the Kallang Basin. Varying soil conditions, which posed safety and structural issues at both Promenade and Nicoll Highway MRT stations.The story of the CCL’s long journey is marked by hard work, tenacity and innovation to overcome numerous challenges, such as: Construction began in 2002, and the line came into operation in phases from 2009.
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