Vicinity Set to Launch Washington Operations

Vicinity Motor Corp. received a Certificate of Occupancy from the City of Ferndale for its newly constructed, state-of-the-art, 100,000 square foot U.S. Manufacturing Campus in the state of Washington. The Certificate of Occupancy certifies that the facility is safe for operations and enables Vicinity to begin operations at site immediately.

It is anticipated that vehicle assembly in Ferndale will begin in the first half of 2023.

As previously announced, the Ferndale Campus is located near the company's headquarters in Aldergrove, British Columbia, with easy access to port, rail, and truck shipping and receiving facilities. Operations at the Ferndale Campus will include vehicle assembly and upfitting, "Buy America" compliant assembly, pre-delivery inspections, research, and development, as well as general technical and servicing work. The Ferndale Campus was designed to meet the company's current and future production needs with annual capacities of up to 1,000 buses or 10,000 Class 3 VMC 1200 all-electric trucks.

"This Certificate of Occupancy represents the final governmental verification and approval to commence production at our new Ferndale Campus," said William Trainer, CEO of Vicinity Motor Corp. "We have finished installation of an electrical solution on-site and are in the process of certifying our 4.2 acre Campus as a Free Trade Zone, allowing Vicinity to utilize this state-of-the-art campus to assemble and deliver vehicles for the entirety of the North American market.

"The startup of the Ferndale Campus will allow us to more aggressively tackle the fulfillment of our growing order backlog which, as of today, exceeds $150 million. I look forward to the continued ramp of our U.S. operations as we strive to create sustainable, long-term value for my fellow shareholders," concluded Trainer.