California’s NCTD exercises options to add 50 more NFI low-emission Xcelsior CNG buses in North San Diego
July 19 2021 - 6:35AM
(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 North County Transit District (“NCTD”) has
recently exercised options for 50 New Flyer of America Inc.
(“New Flyer”) Xcelsior® compressed natural gas (“CNG”)
forty-foot, heavy-duty transit buses, converted from backlog. The
first option conversion occurred in 2020 with 20 buses ordered,
with the remaining 30 ordered in 2021.
The options are part of a five-year contract
with NCTD established in 2016 for up to 103 Xcelsior® CNG
thirty-five or forty-foot buses. The order, supported by Federal
Transit Administration funds, replaces older, end-of-life vehicles
with lower-emission and more efficient buses that deliver increased
sustainability. With the addition of these buses, NCTD will reduce
the average age of its BREEZE bus fleet from 11 to 6.3 years old by
August 2021.
NCTD provides public transit in North San
Diego County, California, delivering approximately 10 million
passenger trips per year.
“For over 25 years, New Flyer has delivered more
than 230 buses to NCTD. Adding 50 more low-emission CNG buses
allows for the continued reduction of greenhouse gas emissions,”
said Chris Stoddart, President, North America Bus and Coach, New
Flyer and MCI. “NCTD relies on New Flyer to power mobility that
helps build livable communities. With more than 13,000 CNG buses on
the road, our technology is critical to achieving more sustainable
transportation across North America.”
NFI is a leader in zero-emission mobility, with
electric vehicles operating or on order in more than 80 cities in
five countries. 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 Statements
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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