Blue Bird’s clean, green electric school bus technology expands with Cummins partnership, saving schools money and cutting emissions

MACON, Ga.–(BUSINESS WIRE)–Across North America, some students going back to school this fall will ride electric school buses. More than 100 electric school buses, powered by a Cummins fully electric drivetrain, have been ordered to date from Blue Bird Corporation, a school bus manufacturer highly focused on alternative fuel technologies.

Blue Bird electric buses are already operating in California, North Dakota and Washington. Additional buses on order will transport students in California, Colorado, New Jersey, New York and Quebec later this year or in 2020.

“The amount of interest has been outstanding; people are very excited about a 100-percent electric-powered school bus,” said Phil Horlock, president and CEO of Blue Bird Corporation. “The nation is increasingly influenced in electric vehicle transportation in general, and we anticipate rapid growth of electric school buses as more districts are educated on the zero-emissions and low-maintenance benefits they bring to their local communities.”

Blue Bird has been working with electric technology in school buses since 1994, and recently partnered with the Cummins Electrified Power business segment. Cummins produces the all-electric drivetrains that power Blue Bird’s Vision Electric and All American Electric buses. The partnership brings over 30 years of electric drivetrain experience to this fast-growing segment, and almost 200 combined years of leadership in customer support. Over the next three years, Cummins is investing $500 million in electrification to bring dependable, high quality, fully electric and hybrid solutions to market across a wide range of applications.

“Cummins and Blue Bird are committed to supporting customers and ensuring that we are safely transporting our children and improving air quality for communities,” said Julie Furber, vice president of electrified power at Cummins Inc. “Schools can count on Cummins to deliver the same level of support and service network for these electric buses that we’ve always delivered through our more than 200 wholly-owned branch locations and 3,200 service technicians in North America.”

The innovative Blue Bird electric bus delivers abundant benefits to students, drivers and taxpayers. The buses produce zero emissions, improve air quality and require less maintenance, saving districts time and money. The buses are capable of up to 120 miles of range and can be recharged in approximately eight hours using a standard SAE J1772 Level 2 charger, making overnight charging convenient.

For more information on Blue Bird’s electric school buses, visit www.blue-bird.com/electric.

About Blue Bird Corporation

Blue Bird (Nasdaq: BLBD) is the leading independent designer and manufacturer of school buses, with more than 550,000 buses sold since its formation in 1927 and approximately 180,000 buses in operation today. Blue Bird’s longevity and reputation in the school bus industry have made it an iconic American brand. Blue Bird distinguishes itself from its principal competitors by its singular focus on the design, engineering, manufacture and sale of school buses and related parts. As the only manufacturer of chassis and body production specifically designed for school bus applications, Blue Bird is recognized as an industry leader for school bus innovation, safety, product quality/reliability/durability, operating costs and drivability. In addition, Blue Bird is the market leader in alternative fuel applications with its propane-powered, electric-powered and compressed natural gas-powered school buses. Blue Bird manufactures school buses at two facilities in Fort Valley, Georgia. Its Micro Bird joint venture operates a manufacturing facility in Drummondville, Quebec, Canada. Service and after-market parts are distributed from Blue Bird’s parts distribution center located in Delaware, Ohio. For more information on Blue Bird’s complete line of buses, visit www.blue-bird.com.

About Cummins^®, Inc.

Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel and natural gas engines to hybrid and electric platforms, as well as related technologies, including battery systems, fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (U.S.A.), since its founding in 1919, Cummins employs approximately 62,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and over 7,600 dealer locations and earned about $2.1 billion on sales of $23.8 billion in 2018.

Contacts

Justyne Lobello | 478.396.3487 | Justyne.Lobello@blue-bird.com

SAN DIEGO & ANDOVER, Mass.–(BUSINESS WIRE)–$CASA #classaction–Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Casa Systems, Inc. (NASDAQ: CASA) has filed a class action complaint against the company for alleged violations of the Securities Act of 1933 pursuant to its December 2017 initial public offering (“IPO”). Casa Systems provides customers with software-centric broadband connectivity in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa.

If you suffered a loss as a result of Casa Systems’ misconduct, click here.

Casa Systems, Inc. (CASA) Accused of Misleading Investors in IPO

According to the complaint, Casa Systems held its initial public offering in December 2017 offering 6,000,000 common shares at $13 per share. Its registration documents stated that its core CCAP products and new technology initiatives would allow for a compelling market opportunity and touted the fact that these initiatives would prompt Casa Systems to experience continued rapid growth. However, these documents were false and misleading as Casa Systems failed to disclose material information about the state of its customers’ spending. In reality, Casa Systems knew its key customers’ spending had entered a “digestion” period that curtailed any new product purchases. On August 14, 2018, Casa Systems announced disappointing financial results and cut its revenue guidance for the year by $50 million. On this news, Casa Systems stock declined from $15.60 to $12.08, a drop of almost 23%. Since then, Casa Systems has continued to have disappointing financial results and the stock now trades at just $6.56, a decline of 49% from its IPO price.

Casa Systems, Inc. (CASA) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

lkandinov@robbinsarroyo.com

Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov

Robbins Arroyo LLP

5040 Shoreham Place

San Diego, CA 92122

LKandinov@robbinsarroyo.com

(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsarroyo.com

TOKYO–(BUSINESS WIRE)–JSR Corporation has announced that it will establish a wholly-owned subsidiary for investment (Limited Liability Company) to accelerate new business development around digital technologies. The subsidiary, JSR Active Innovation Fund, LLC, will launch on October 1, 2019, and will invest globally in start-up companies mainly focusing on digital technology.

“With the rapid growth of digitization and innovations generated from start-ups, the conventional market structure will change dramatically in the near future, and all companies will need to seek new business models that utilize digital technology,” said Eric Johnson, CEO of JSR Corporation.

JSR has been actively and globally investing in start-ups that have innovative technology or business models. For example, JSR recently invested in Carbon, a Silicon Valley based digital manufacturing company that invented a new process called Digital Light Synthesis^TM enabling rapid production at scale.

Through further strategic investment via the new subsidiary, JSR will accelerate new business development and provide new value by combining JSR knowledge and experience with innovative technology and business models generated by starts-ups.

Investment by JSR Active Innovation Fund LLC will begin with an initial round of 3 billion yen and is expected to grow up to 10 billion yen. Through this investment activity, JSR will collaborate with start-ups as strategic partners and support further expansion.

Contacts

Missy Bindseil

mbindseil@jsr-nahq.com

830-237-9527