Demo VMC 1200 Upfit to be Showcased at the Water & Wastewater Equipment, Treatment & Transport (WWETT) Show in February 2023

VANCOUVER, BC / ACCESSWIRE / December 6, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced it has partnered with Québec-based Omega Liquid Waste Solutions ("Omega") to upfit and resell the Company's VMC 1200 Class 3 Electric Truck with vacuum system used for sewer, septic tank and grease trap cleaning.

Omega Liquid Waste Solutions is a Canadian market leader offering a solid-liquid separation filtration system with best-in-class technology that can be fitted on any mobile equipment used for sewer, grease trap and septic tank cleaning. The company also provides a wide range of related products that surpass new global standards with eco-efficient solutions.

Omega has purchased and is upfitting a VMC 1200 with its vacuum solution that will be showcased at the Water & Wastewater Equipment, Treatment & Transport (WWETT) Show. WWETT is the world's largest annual trade show for wastewater and environmental service professionals and is taking place in Indianapolis, Indiana from February 20-23, 2023. Omega intends to purchase additional vehicles for upfit and resale to its North American client base.

"The VMC 1200 is perfectly suited for urban environments and unique waste management applications like Omega's vacuum solution that services homes, restaurants and businesses for waste collection and disposal," said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. "Omega's patented technology and remote-controlled hose deployment is already known for increasing productivity by setting each job in seconds, and pairing it with our medium duty electric truck utilizing proven EV technology and onboard power options will help to further efficiency gains and functionality.

"We look forward to introducing the upfitted model to attendees at the WWETT Show in February and helping Omega's sales team share the benefits of the VMC 1200 with its base of satisfied customers. With initial VMC 1200 deliveries now underway, we expect sales to gradually ramp up to meet the robust demand we are seeing for this versatile product line," concluded Trainer.

About Omega Liquid Waste Solutions

Omega Liquid Waste Solutions (Omega LWS) is a leading provider of solid-liquid separation filtration systems, leveraging best-in-class technology for sewer, grease trap and septic tank applications. Pulling on a deep understanding of customer needs, Omega LWS brings to market unique, competitively priced and application-specific products to deliver real value to its customers. Ultimately, the Omega LWS team's goal is to optimize client productivity, reduce costs and protect the environment. To learn more, please visit the Omega LWS website at https://www.omega-lws.com/.

About Vicinity Motor Corp.

Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. For more information, please visit www.vicinitymotorcorp.com.

Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
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U.S. Investor Relations Contact:
Lucas Zimmerman
MZ Group - MZ North America
949-259-4987
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www.mzgroup.us

Canadian Investor Relations Contact:
MarketSmart Communications Inc.
877-261-4466
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Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from Vicinity's expectations include uncertainties relating to the economic conditions in the markets in which Vicinity operates, vehicle sales volume, anticipated future sales growth, the success of Vicinity's operational strategies, the timing of the completion of the vehicle assembly facility in the State of Washington, the effect of the COVID-19 pandemic, related government-imposed restrictions on operations, the success of Vicinity's strategic partnerships; and other risk and uncertainties disclosed in Vicinity's reports and documents filed with applicable securities regulatory authorities from time to time. Vicinity's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Vicinity assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.