NFI announces order of 10 additional battery-electric buses from California’s OCTA, expanding zero-emission mobility in Orange County
July 26 2021 - 06:45AM
(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 that its
subsidiary New Flyer of America Inc. (“New Flyer”) has received a
firm contract from the Orange County Transportation Authority
(“OCTA”) for 10 zero-emission battery-electric Xcelsior CHARGE®
40-foot transit buses.
OCTA serves 34 cities within Orange County,
California, providing transportation to the state’s third-largest
county and supporting nearly 40 million passengers per year.
The purchase follows New Flyer’s recent delivery
to OCTA of 10 hydrogen fuel cell-electric Xcelsior CHARGE H2™
transit buses and moves toward fulfilment of California’s
Innovative Clean Transit (“ICT”) regulation. Adopted by the
California Air Resources Board (“CARB”) in 2018, ICT statewide
regulation mandates agencies to gradually transition to 100%
zero-emission bus (“ZEB”) fleets by 2040.
“As we drive toward a zero-emission future, NFI
continues to deliver clean, safe, accessible and quiet electric
buses throughout the US and around the world,” said Paul Soubry,
President and Chief Executive Officer, NFI. “Our turnkey electric
vehicle solutions combined with dedicated focus on our customer and
the end user experience position us extremely well for continued
success as we deliver the industry’s broadest offering of battery
and fuel-cell electric buses and coaches.”
“With over 1,000 buses delivered since 1990,
OCTA continues to rely on New Flyer’s advanced zero-emission
technology, including battery-electric and fuel-cell buses, in its
transition to clean mobility," said Chris Stoddart, President,
North America Bus and Coach. We look forward to continuing to work
with OCTA through this new order, which will help create cleaner
and more livable communities throughout Orange County by reducing
emissions and lowering California’s carbon footprint.”
NFI is a leader in zero-emission mobility, with
electric vehicles 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 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 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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