(TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or
the “Company”), a leading independent bus and coach manufacturer
and a leader in electric mass mobility solutions, today announced
that the Westchester County Department of Public Works and
Transportation (operating as the ”Bee-Line”) has exercised an
option with NFI subsidiary, New Flyer of America Inc. (“New
Flyer”), to purchase 40 additional Xcelsior® forty-foot
hybrid-electric buses. The options are being exercised from New
Flyer’s backlog, bringing the total number of hybrid-electric buses
in the Bee-Line fleet to 279.
The Bee-Line is Westchester County’s bus system,
serving over 27 million passengers annually in the White Plains
region of New York state. The purchase follows an original contract
for 66 Xcelsior forty-foot hybrid-electric buses announced earlier
this year and supports Westchester County’s sustainable mobility
development plan under its Westchester 2025, a set of planning
policies designed to realize the county's future vision.
“NFI continues to lead the way in low- and
zero-emission products and solutions to serve our customers,” said
Paul Soubry, President and Chief Executive Officer, NFI. “NFI’s
track record, innovative products, turn key offering and unmatched
aftermarket and field service support has helped establish us as
North America’s clear leader in public transit mobility. Today,
there are more than 20,000 NFI buses and coaches on the road in the
U.S. and Canada, and we are excited about the road ahead.”
“Our hybrid transit buses offer immediate
emissions reduction and bridge the gap between traditional internal
combustion engines and zero-emission systems. With more than 170
hybrid buses delivered to Westchester County since 2009, New Flyer
continues to support the county advance its commitment to
sustainable transit,” said Chris Stoddart, President, New Flyer and
MCI. “Our hybrid-electric buses also provide a better passenger
experience, through smoother acceleration, a quieter ride, and
improved air quality."
NFI is a leader in zero-emission mobility, with
electric vehicles operating (or on order) in more than 80 cities in
four countries. NFI offers the widest range of zero-emission
battery and fuel cell-electric buses and coaches, and the Company’s
vehicles have completed over 40 million EV service miles. Today,
NFI supports growing North American cities with scalable, clean,
and sustainable mobility solutions through a four-pillar approach
that includes buses and coaches, technology, infrastructure, and
workforce development. It also operates the VIC, the first and only
innovation lab of its kind dedicated to advancing bus and coach
technology and providing workforce development. Since opening late
2017, the VIC has hosted over 300 interactive events, welcoming
3,000 industry professionals for EV and infrastructure training.
For more information, visit newflyer.com/VIC.
About NFI
Leveraging 450 years of combined experience, NFI
is leading the electrification of mass mobility around the world.
With zero-emission buses and coaches, infrastructure, and
technology, NFI meets today’s urban demands for scalable smart
mobility solutions. Together, NFI is enabling more livable cities
through connected, clean, and sustainable transportation.
With 8,000 team members in ten countries, NFI is
a leading global bus manufacturer of mass mobility solutions under
the brands New Flyer® (heavy-duty transit buses), MCI® (motor
coaches), Alexander Dennis Limited (single and double-deck buses),
Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty
buses), and NFI Parts™. NFI currently offers the widest range of
sustainable drive systems available, including zero-emission
electric (trolley, battery, and fuel cell), natural gas, electric
hybrid, and clean diesel. In total, NFI supports its installed base
of over 105,000 buses and coaches around the world. NFI common
shares are traded on the Toronto Stock Exchange under the symbol
NFI. News and information is available at www.nfigroup.com,
www.newflyer.com, www.mcicoach.com, www.arbocsv.com,
www.alexander-dennis.com, and www.nfi.parts.
About New Flyer
New Flyer is North America’s heavy-duty transit
bus leader and offers the most advanced product line under the
Xcelsior® and Xcelsior CHARGE® brands. It also offers
infrastructure development through New Flyer Infrastructure
Solutions™, a service dedicated to providing safe, sustainable, and
reliable charging and mobility solutions. New Flyer actively
supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and
Orion) currently in service, of which 8,600 are powered by electric
motors and battery propulsion and 1,900 are zero-emission. Further
information is available at www.newflyer.com.
Forward-Looking Statement
This press release may contain forward-looking
statements relating to expected future events and financial and
operating results of NFI Group that involve risks and
uncertainties. Although the forward-looking statements contained in
this press release are based upon what management believes to be
reasonable assumptions, investors cannot be assured that actual
results will be consistent with these forward-looking statements,
and the differences may be material. Actual results may differ
materially from management expectations as projected in such
forward-looking statements for a variety of reasons, including
market and general economic conditions and economic conditions of
and funding availability for customers to purchase buses and to
purchase parts or services, customers may not exercise options to
purchase additional buses, the ability of customers to suspend or
terminate contracts for convenience and the other risks and
uncertainties discussed in the materials filed with the Canadian
securities regulatory authorities and available on SEDAR at
www.sedar.com. Due to the potential impact of these factors, the
NFI Group disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by
applicable law.
For media inquiries, please contact:Lindy
NorrisP: 320.406.3386Lindy_Norris@newflyer.com
For investor inquiries, please contact:Stephen
KingP: 204.224.6382Stephen.King@nfigroup.com
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