(TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or
the “Company”), a leading independent bus and coach manufacturer
and a leader in mobility solutions, today announced a supply
agreement for NFI subsidiary Alexander Dennis Limited (“ADL”) to
provide a range of zero-emission buses to the Australian market.
Under the agreement, Nexport (“Nexport”), an
Australian owned supplier and producer of electric buses, will
assemble bodies from the ADL Enviro family on a BYD chassis for the
local Australian transit market. Nexport will also lead the
customer sales and service relationship.
ADL and BYD’s electric vehicle partnership has
been a great success in the UK, Ireland and New Zealand, where they
have delivered and taken orders for more than 1,000
battery-electric vehicles and clocked over 30 million miles of
zero-emission service.
The supply agreement will bring a range of new
locally-assembled electric bus products that are currently not
available to local bus operators in Australia. The first buses are
targeted to be on the road in early 2022 with volume production to
be underway by the end of that year.
“We continue to look for innovative ways to lead
the evolution to zero-emission mobility around the world and this
strategic partnership between ADL and Nexport will help further
support that evolution in the southern hemisphere,” said Paul
Soubry, President and Chief Executive Officer, NFI. “Our electric
buses and coaches have seen strong growth in numerous markets, and,
through this partnership, our electric vehicles will now be
available insix countries, with plans for further geographic
expansion in the near future through ADL.”
“We are delighted to be partnering with Nexport
in the Australian market as we believe that our globally renowned
buses can help deliver the country’s decarbonisation agenda,” said
Paul Davies, President and Managing Director, ADL. “This agreement
fits perfectly with our model of manufacturing close to our
customers, supporting highly skilled local jobs and developing
skills in green technology while adding value to local economies.
We’re thrilled to be collaborating with Nexport, who share our
unwavering focus of delivering best-in-class customer support and
outstanding quality.”
Michel van Maanen, CEO of Nexport, stated, “This
agreement will be another significant boost to the Australian
manufacturing renaissance. We are delighted to partner with
Alexander Dennis who have been extremely progressive in the
zero-emission bus space globally. For Nexport to be able to partner
with such a strong global company further demonstrates our business
objective to bring the world’s best zero-emission mobility
technology to our shores and manufacturing the products locally, by
Australians.”
NFI is a leader in zero-emission mobility, with
electric vehicles operating (or on order) in more than 80 cities in
six 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 Vehicle Innovation
Center (“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 nine 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 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, 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, NFI 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 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/7082032a-4376-45bf-aeda-75de09a5901c
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