A Green Transportation Company with a Potential Triple Digit Gain
ADOMANI, Inc. (Nasdaq: ADOM) a provider of advanced zero-emission and hybrid vehicle drivetrain solutions and purpose-built electric vehicles, announced a mutual sales and marketing agreement with Zeem Solutions, a commercial electric vehicle (CEV) service provider.
ADOMANI, Inc. is a provider of zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI® is also a provider of new zero-emission electric and hybrid vehicles
According to Accesswire,
“Zeem will serve as an important sales representative and partner for ADOMANI’s electric trucks and cargo vans. Zeem works with fleet owners to form and integrate comprehensive CEV strategies that focus on the total cost of ownership and ROI for its clients.”
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Jim Reynold’s, President and CEO of ADOMANI®, said: “We are excited to partner with Zeem, which increases our sales force across the US.
Zeem brings value-added support and service for our products. They also understand state and clean energy voucher programs for electric vehicles, which will help them support us in working with new customers.”
Zeem Solutions works with small to large fleet owners across the US to help them find the right electric vehicle solution that fits their business needs.
Paul Gioupis, Co-Founder and CEO of Zeem Solutions, also commented: “We’re excited to be part of this agreement as it adds another quality zero emissions product to our ZEV portfolio of offerings.
Because we are agnostic in our approach, we can offer our customers unbiased solutions that truly fit their fleet needs. We like what ADOMANI® offers in zero-emission trucks and vans and feel as though the electric vehicles will benefit our customers.”
The agreement between ADOMANI® and Zeem Solutions covers three years and has an option to automatically renew for an additional three years.
ADOMANI, Inc. recently announced that it retained Roger Howsmon, a 40-year veteran of the trucking and manufacturing industries, as an expert consultant to help ADOMANI market its new zero-emission all-electric commercial trucks, vans and chassis.
Howsmon, is a veteran of companies such as Cummins, Peterbilt, Allison Transmission, Fleetwood, and Blue Bird Corporation. During his time with Blue Bird, Mr. Howsmon is credited with increasing gross sales margins from approximately 5.6% to approximately 18.9% over several years.
It appears that this company is taking all the right steps to increase future profitability. Now could be the time to consider this cheap stock.
ADOM should be considered a buy if recent momentum continues.
Look for an entry at $0.40 with a price target of at least $1.05 based on the pattern in the chart.