(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”) has been
awarded a contract from the Maryland Department of Transportation
Maryland Transit Administration (“MDOT MTA”) to provide seven
zero-emission buses as the agency begins the transition to a
zero-emission bus fleet. Included in the contract are three
sixty-foot zero-emission, battery-electric Xcelsior CHARGE NG™
heavy-duty transit buses (six equivalent units or “EUs”), and four
forty-foot battery-electric Xcelsior CHARGE NG™ transit buses (four
EUs) for a total of 10 EUs.
The MDOT MTA is one of the largest multi-modal
transit systems in the United States, providing over 3.5 million
annual bus rides.
MDOT MTA is awarding the pilot ZEB contract to
NFI by utilizing grant funding from the Federal Transit
Administration’s (“FTA”) Low or No Emission Grant Program and the
Volkswagen Settlement. The new buses will help fulfil Maryland’s
new Zero-Emission Bus Transition Act, which mandates all new buses
procured must be emission-free beginning in 2023.
“Since 1995, NFI has delivered over 1,260 buses
and coaches to the Maryland Transit Administration, and today we
begin enabling its transition to zero-emission mobility,” said
Chris Stoddart, President, North American Bus and Coach, NFI. “Our
battery-electric buses provide safe, efficient, quiet and
emission-free public transportation, and will ultimately improve
air quality and the quality of passenger experience in the state of
Maryland.”
Designed on the proven Xcelsior® platform, New
Flyer’s Xcelsior CHARGE NG™ battery-electric bus delivers up to 525
kWh of power and features a new lightweight electric traction drive
system providing up to 90% energy recovery. For more information,
visit newflyer.com/ng.
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. In 2021, NFI was named
as a ZEB partner of choice by nine major transit agencies across
America.
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. News and information is available at
www.nfigroup.com, www.newflyer.com, www.mcicoach.com,
www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, 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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