(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 BYD UK and Alexander Dennis Limited (“ADL”) electric
vehicle partnership, the UK’s leading electric bus producer, has
signed a framework agreement with the National Transport Authority
of Ireland (NTA) for the delivery of up to 200 BYD ADL Enviro200EV
zero-emission battery-electric buses. The agreement has started
with an initial firm order for 45 buses, with delivery commencing
in 2022.
ADL is a subsidiary of leading independent
global bus manufacturer NFI, while BYD is a global leader in
batteries, energy management and electric mobility.
The single supplier framework agreement with the
NTA will run for up to five years and covers the delivery of single
deck long length battery-electric buses. The BYD ADL partnership,
represented by ADL as primary contractor, was selected in a
comprehensive and rigorous procurement process in which the company
provided the strongest offer. It is the BYD ADL partnership’s first
contract in Ireland, and the country’s largest order for
zero-emission buses ever.
The first 45 buses have been firmly ordered and
are expected to commence delivery in 2022 for services in Athlone
and the Dublin Metropolitan Area.
All will be built in ADL’s factories in the
United Kingdom in the proven combination of BYD electric technology
and batteries with stylish bodywork and passenger-centric interior
by ADL.
“NFI is leading the ZEvolution
to zero-emission mobility and, through this historic
contract—Ireland’s largest ever—our battery-electric vehicles will
now operate in five countries. We’re thrilled to continue working
with the NTA as they drive lower emissions for the communities they
serve and to see ADL’s continued expansion in Ireland,” said Paul
Soubry, President and Chief Executive Officer, NFI.
Anne Graham, CEO of the National Transport
Authority, said: “The contract signed for the supply of these
battery-electric buses highlights the NTA’s commitment to a
sustainable and accessible transport network. Over the next five
years, we are planning a major increase in the number of low- and
zero-emission urban buses in operation on the Transport For Ireland
(TFI) network across the country. The fleet ordered today
represents the best mix of cutting edge electric technology, proven
reliability, accessibility and comfort for all passengers who use
TFI bus services. I look forward to working with our bus operator
partners, as well as [NFI], in ensuring that the first of these
buses are delivered and ready to operate in 2022.”
Paul Davies, ADL President and Managing
Director, said: “This new agreement for up to 200 zero emission
buses is further testament to our customer focus which is
exemplified in our ability to tailor vehicle specifications to
operational requirements. Together with our existing agreement for
up to 600 zero emission capable Enviro400ER plug-in hybrid buses,
we are honoured to be playing a key role in the roll-out of zero
emission mobility in Ireland.”
NFI is a leader in zero-emission mobility, with
electric vehicles now operating (or on order) in more than 80
cities in five 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 Alexander Dennis
Alexander Dennis Limited (“ADL”) is a global
leader in the design and manufacture of double deck buses and is
also the UK’s largest bus and coach manufacturer. ADL offers single
and double deck vehicles under the brands of Alexander Dennis and
Plaxton, and has over 31,000 vehicles in service in the UK, Europe,
Hong Kong, Singapore, New Zealand, Mexico, Canada and the United
States. Further information is available at
www.alexander-dennis.com.
Forward-Looking Statements
This press release may contain forward-looking
statements relating to expected future events and financial and
operating results of ADL and NFI 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, the customer may not exercise options
or purchase any or all of the remaining buses available under the
framework agreement, 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, ADL
and NFI disclaim 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 ADL media inquiries, please
contact:Jacqueline Anderson+44 7796 715
607Jacqueline.Anderson@alexander-dennis.com
For investor inquiries, please contact:Stephen
KingP: 204.224.6382Stephen.King@nfigroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/972f141b-08ab-41f0-b12c-d88398b0ac6e
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