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Every Bear mentioning that the contract with Blue

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BERKSHIRE AGENT Member Level  Thursday, 06/13/19 08:47:29 PM
Re: None
Post # of 271 
Every Bear mentioning that the contract with Blue Bird was terminated on May 31st, 2019. It was terminated and Cummins now supplies the drivetrains, but Blue Bird has agreed to compensate Adomani for all ordered before Sept. 30th, 2019. ADOM gets paid for Cummins to do all the work!! $$$$$

"Blue Bird will assume all responsibilities related to all warranty and other liabilities related to the drivetrains systems sold and to be sold by ADOMANI prior to May 31, 2019 and will compensate ADOMANI for all additional drivetrain systems ordered from Cummins by Blue Bird from June 1, 2019 through September 30, 2019. ADOMANI will continue to advise and support Blue Bird through May 31, 2019. ADOMANI remains open to partnering with Blue Bird in the future and intends to explore potential opportunities to renew such relationship.
ADOMANI does not expect that the termination of the Blue Bird agreement will significantly impact the previously announced revenue expectations for 2019."

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