A Brown Company, Inc. (ABCI) has announced it has entered into a joint venture with GET Philippines, Inc. to operate and manage an electric shuttle service in Cagayan de Oro City. In a disclosure at the Philippine Stock Exchange, ABCI stated that a new joint venture company will be incorporated which will initially own ten (10) Community Optimized Managed Electric Transport (COMET) electric vehicles that will be deployed for the Project.
Here’s a screenshot of the disclosure. Download HERE.
GET Philippines, Inc., is a social enterprise that operates and manages fleets of modern zero emission electric buses integrated electric with a passenger and fleet management ecosystem as a safe, efficient and sustainable transit system and for public transport and private shuttle services at various locations in the Philippines.
Accordingly, the new joint venture company will be responsible for the provision, management, service, maintenance, and operation of the fleet of COMET electric vehicles which shall make use of the GETPASS Transport Ecosystem as a fleet and passenger management and monitoring system.
https://edge.pse.com.ph/companyDisclosures/form.do?cmpy_id=13
