WINNIPEG, March 9, 2020 /CNW/ - (TSX: NFI) New Flyer
Industries Canada ULC ("New Flyer"), a subsidiary of NFI Group Inc.
("NFI"), one of the world's leading independent global bus
manufacturers, today announced that the BC Transit Corporation ("BC
Transit") has issued an order for 17 compressed natural gas ("CNG")
Xcelsior® forty-foot, heavy-duty transit buses. The
order follows BC Transit's purchase of 68 CNG buses in August 2019, which were converted from the New
Flyer option backlog.
This purchase continues to support BC Transit's low carbon
program and commitment to full electrification by 2040, as
announced in July 2019. With this
plan, BC Transit will gradually transition all 1,200 of its buses
from traditional propulsion to zero-emission vehicles.
"BC Transit has long been a leader in sustainable transit, and
with the 2019 commitment to full fleet electrification by 2040, we
continue down the path in supporting BC Transit's evolution toward
100% zero-emission," said Chris
Stoddart, President, New Flyer. "We are proud to be
North America's leader in
sustainable buses, technology, and infrastructure, and even more so
to continue partnering with an agency that demonstrates a
progressive and proven plan to get there."
CNG propulsion can reduce nitrogen oxides emissions and has an
immediate impact on improving air quality. With clean, safe, and
readily available technology, CNG propulsion emits 90% less
nitrogen oxide (NOx) than diesel engines – and meets particulate
matter levels without the need of a filter. Since 1994, New Flyer
has delivered over 13,000 CNG buses across North America.
"We are focused on achieving sustainable transportation through
a strategy that drives innovation and modernization of our fleet,"
said Erinn Pinkerton, President and
Chief Executive Officer of BC Transit. "We value our relationship
with New Flyer, and their role in helping BC Transit reduce
emissions in our communities and in delivering transportation
solutions our customers can rely on."
BC Transit provides public transportation in British Columbia, Canada, for all regions
outside the Greater Vancouver
area, delivering over 50 million passenger trips per year. It is
responsible for the planning and delivery for all municipal transit
systems in British Columbia,
supporting over 130 communities with sustainable
transportation.
Since 1982, NFI has delivered over 1,300 buses to BC Transit,
including New Flyer transit buses, Alexander Dennis Limited
double-deck buses, and ARBOC® low-floor cutaway
buses.
New Flyer has been leading innovation in mobility for nearly 90
years, and today supports growing North American cities with
sustainable buses, technology, and infrastructure. It also operates
the Vehicle Innovation Center, the first and only innovation lab of
its kind dedicated to advancing bus technology and providing
essential workforce development through electric bus training. New
Flyer was the first bus manufacturer in the world to sign on to the
Shared Mobility Principles for Livable Cities, and is currently
developing automated bus technology to improve safety in public
transit.
About NFI
With 9,000 team members operating from more than 50 facilities
across ten countries, NFI is a leading independent global bus
manufacturer providing a comprehensive suite of mass transportation
solutions under brands: New Flyer® (heavy-duty transit
buses), Alexander Dennis Limited (single and double-deck buses),
Plaxton (motor coaches), MCI® (motor coaches),
ARBOC® (low-floor cutaway and medium-duty buses), and
NFI Parts™. NFI buses and motor coaches incorporate the widest
range of drive systems available including: clean diesel, natural
gas, diesel-electric hybrid, and zero-emission electric (trolley,
battery, and fuel cell). In total, NFI now supports over
105,000 buses and coaches currently in service around the world.
NFI common shares are traded on the Toronto Stock Exchange under
the symbol NFI. News and information are 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 41,000 heavy-duty transit buses (New
Flyer, NABI, and Orion) currently in service, of which 7,300 are
powered by electric motors and battery propulsion and 1,600 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.
SOURCE New Flyer Industries Canada