(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc.
(“NFI”), a leading independent bus and coach manufacturer and a
leader in electric mass mobility solutions, today announced that
its subsidiary New Flyer of America Inc. (“New Flyer”) is currently
delivering four zero-emission, battery-electric Xcelsior CHARGE™
forty-foot heavy-duty transit buses, equipped with next-generation
high-energy batteries providing 440kWh of energy to Capital
District Transportation Authority (“CDTA”) .
The purchase, which follows CDTA’s first
battery-electric bus order for four Xcelsior CHARGE™ buses
delivered to CDTA in 2020, propels its Strategic Plan and helps the
state to reach its goal of transitioning transit fleets to 100%
renewable energy by 2035.
CDTA provides transit services to the Capital
District of New York, including the counties of Albany, Rensselaer,
Saratoga, and Schenectady, and delivers over 16 million passenger
trips per year.
“Since 2015, NFI has delivered over 40 transit
buses to CDTA and continues to support them through their
transition to zero-emission,” said Chris Stoddart, President, North
American Bus and Coach. “Our battery-electric Xcelsior CHARGE buses
will benefit the New York region by delivering immediate emissions
and noise reductions, and will help CDTA to meet its goals to
enhance New York’s transportation through innovative, sustainable
mobility solutions.”
Designed on the proven Xcelsior® platform,
each battery-electric Xcelsior CHARGE™ bus can reduce up to
100 to 160 tons of greenhouse gas per year. For more information,
visit newflyer.com/buses.
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 its vehicles have
completed over 65 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. NFI
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 in late 2017, the VIC has hosted over 300 interactive
events, welcoming 5,000 industry professionals for EV and
infrastructure training.
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’s common shares trade on the Toronto Stock
Exchange (“TSX”) under the symbol NFI and its convertible unsecured
debentures trade on the TSX under the symbol NFI.DB. Further
information is available
at www.nfigroup.com, www.newflyer.com, www.mcicoach.com,
www.alexander-dennis.com, www.nfi.parts,
and www.carfaircomposites.com.
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 NFI 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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