NEW YORK, March 27, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced GreenPower Motor Co. Inc. (TSX-V: GPV; OTCQX: GPVRF), a developer of electric-powered vehicles for commercial markets, has qualified to trade on the OTCQX® Best Market. GreenPower Motor upgraded to OTCQX from the OTCQB® Venture Market.
GreenPower Motor begins trading today on OTCQX under the symbol "GPVRF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"GreenPower Motor's unique approach to electric-powered buses is enabling local governments to reduce their dependence on fossil fuels," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "We welcome this innovative company to the OTCQX market and look forward to supporting its continued growth and success."
Fraser Atkinson, Chairman of GreenPower Motor Company, stated, "Qualifying to trade on the OTCQX market is a significant step towards increasing the liquidity of our stock. The move allows GreenPower access to a larger number of retail and institutional investors and more readily enables the execution of orders for our company's stock."
GreenPower Motor was sponsored for OTCQX by Clark Wilson LLP, a qualified 3rd party firm responsible for providing guidance on OTCQX requirements and recommending membership.
GreenPower Motor Company Inc. develops electric powered vehicles for commercial markets. GreenPower offers a range of electric powered buses deploying electric drive and battery technologies with a lightweight chassis and low floor or high floor body. GreenPower's bus is based on a flexible clean sheet design and utilizes a custom battery management system and a proprietary Flex Power system for the drive motors. GreenPower integrates global suppliers for key components such as Siemens for the two drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. 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. For further information go to www.greenpowerbus.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
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SOURCE OTC Markets Group Inc.