Demers Ambulances, a leading North American manufacturer of ambulance vehicles and The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, unveiled today the Demers eFX Ambulance, the first all-electric and purpose-built ambulance.

This new model of ambulances, scheduled to be commercialized in the second half of 2022, was developed with the support of the government of Quebec and the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). It is the result of nearly five years of collaborative work carried out by Demers Ambulances and Lion, which also involved direct input from many paramedic technicians and emergency medical service companies. The Demers eFX Ambulance is the first ambulance designed according to the needs expressed by paramedics.

The Lion5 chassis of the Demers eFX Ambulance will be assembled in Saint-Jérôme by Lion, while the medical compartment and final assembly will be carried out by Demers Ambulances in Beloeil. The new 100% electric ambulance will be sold throughout North America, and eventually worldwide, as ambulances sold by Demers and its affiliated brands are already in service in 43 countries. This exclusive mutual agreement between Lion and Demers contemplates the deployment of at least 1,500 100% electric ambulances over the next five years by Demers Ambulances.

A Major Evolution, Beyond the Zero-emission Vision

In addition to being a pioneer in the energy transition of ambulance transport, the purpose-built electric ambulance will also make it possible to achieve significant gains in the ergonomics, safety and efficiency of paramedics, in addition to improving their overall comfort and that of their patients.

In an industry first, the ambulance will be equipped with a custom-designed chassis for use as an ambulance. The research and development teams of Demers Ambulances and Lion have completely redesigned the living space of the two sections of the vehicle and rethought the ergonomics and layout of the ambulance as we know it.

Some of the main challenges that paramedic technicians frequently face are the ability to maneuver freely while the ambulance is in motion to provide care to the patient while sitting with a seatbelt fastened. The Demers Ambulances’ research and development team, supported by numerous paramedics consulted throughout this process, has developed many innovative features which will be unveiled prior to certification and start of vehicle production.

Quotes

“This is a great day for Demers Ambulances! Together with our employees, colleagues, partners, and elected officials who support this project that has become a reality, we unveil our 100% electric ambulance, marking the most important evolution of ambulance transport since the first generation of Demers ambulances 60 years ago. Combining innovation and performance, the 100% electric ambulance is the result of an exceptional collaboration with paramedics and we are particularly proud to see this new vehicle generate so much enthusiasm and excitement from the community! I would like to salute the leadership and genius of the Lion team and thank the Government of Quebec and NRC IRAP for their support from day one of this ambitious project.”

– Alain Brunelle, CEO of Demers Ambulances

“It’s been 5 years since the Lion and Demers Ambulances teams joined forces to develop the 100% electric ambulance that we are unveiling today. Thanks to the Lion5 chassis and Demers’ expertise, this ambulance provides features never seen before. It is with great pride that Lion has participated in this transformative projec

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