System Brought to Market Within Six Months to Meet Growing Opportunity Pipeline for Hybrid Medium Duty Applications
Leading Water/Wastewater/Natural Gas Corporation Serving 5 Million People Across 10 States is Deploying XL Fleet’s Hybrid Electric Drive System on its Most Popular GM Fleet Vehicles After Successful Trial.
Record Date for Annual Meeting of Stockholders is December 7, 2020. Upon Closing, Combined Company Stock and Warrants Will Trade on NYSE Under “XL” and “XL WS” Ticker Symbols.
XL Fleet Expects its 200+ Fleet Customers to Require At Least 100,000 Charging Stations in the Next Several Years Based on Growing Demand for Electrification Solutions. XL Grid Provides Charging Infrastructure, Energy Storage and Power Solutions for Fleets and Advances XL Fleet’s Electrification as a Service Offering
Commercial Upfitter Farmbro Expects to Purchase and Install More Than 2,000 XL Systems in 2021; XL Recognizes Farmbro as its 2020 Sales and Installation Partner of the Year
Second-Generation Upfit Technology to be Offered on Chevrolet and GMC Commercial Pickups and Cutaway Chassis; Expected to Begin Shipping in Early 2021
Remains on Track to Complete Merger with Pivotal Investment Corporation II (NYSE: PIC) in Fourth Quarter of 2020
Company Intends to List on NYSE as “XL” Upon Deal Completion