XL Hybrid system can immediately be ordered as
an option on ARBOC Freedom low floor buses sold through ARBOC’s
North American dealer network
Wheelchair-accessible hybrid buses are built on
the GM 4500 chassis and require no electric vehicle charging
infrastructure
XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a
leader in vehicle electrification solutions for commercial and
municipal fleets, and ARBOC Specialty Vehicles, LLC (TSX: NFI)
(“ARBOC”), a subsidiary of NFI Group Inc. (“NFI”), one of the
world’s leading independent global bus manufacturers, have
announced a partnership to electrify ARBOC Freedom low floor buses
with the XL Hybrid (XLH™) electric propulsion system. The
wheelchair-accessible buses are built on the GM 4500 chassis and
are now available for purchase with an installed XL Hybrid system
through the ARBOC North American dealer network. ARBOC has sold 39
vehicles with the XL Hybrid system installed thus far in 2021.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210727005422/en/
XL Fleet is partnering with NFI’s ARBOC
to offer hybrid electric bus options, similar to the one shown
here, through ARBOC’s North American dealer network. (Photo:
Business Wire)
Through the partnership, 24 ft. and 29 ft. ARBOC low floor bus
models are available for the first time as hybrid electric units,
providing a cost-effective option for customers looking to improve
fuel economy, lower emissions and advance their sustainability
goals without adding charging infrastructure or disrupting their
existing operations. The XL Hybrid electric system runs in parallel
to the OEM vehicle drivetrain, helping to slow the vehicle down
during deceleration and providing an electric assist during
acceleration throughout normal drive cycles, reducing fuel
consumption and lowering emissions in standard gas-powered
vehicles.
Individual partners within the ARBOC North American dealer
network are now authorized to sell the XL Fleet electrification
system as an available option on their buses, providing a new
commercial channel for the Company as it expands into a broader
range of medium duty applications.
“The bus industry represents a substantial electrification
opportunity for XL Fleet, and we are excited to gain access to a
great new customer base by partnering with an accessible bus market
leader like ARBOC,” said Dimitri Kazarinoff, Chief Executive
Officer of XL Fleet. “This partnership allows us to expand our
growing suite of products, broaden our customer reach and bring new
and unique solutions to market for bus fleets needing an immediate
path forward for their sustainability goals.”
“The ARBOC Freedom is an innovative low-floor platform allowing
riders using wheelchairs and other mobility devices to safely and
comfortably get where they need to go. Now, they can do so in a
cleaner, greener vehicle,” said Doug Minix, ARBOC’s General
Manager. “XL Fleet’s innovative hybrid electric upfit technology
gives our customers an opportunity to drive more sustainable
versions of the ARBOC vehicle lineup without compromising our
reliability while enhancing our world-class performance.”
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification
solutions for commercial and municipal fleets in North America,
with more than 150 million miles driven by customers such as The
Coca-Cola Company, Verizon, Yale University and the City of Boston.
XL Fleet’s hybrid and plug-in hybrid electric drive systems can
increase fuel economy up to 25-50 percent and reduce carbon dioxide
emissions up to 20-33 percent, decreasing operating costs and
meeting sustainability goals while enhancing fleet operations. XL
Fleet’s plug-in hybrid electric drive system was named one of TIME
magazine's best inventions of 2019. For additional information,
please visit www.xlfleet.com.
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 ARBOC
ARBOC is North America’s low-floor, body-on-chassis (“cutaway”)
bus leader serving transit, paratransit, and shuttle applications.
With more than 4,000 buses produced, ARBOC leads the low-floor
cutaway bus market providing unsurpassed passenger accessibility
and comfort. ARBOC also offers the Equess, a medium-duty bus used
for transit and shuttle applications. Further information is
available at www.arbocsv.com.
Forward Looking Statements
Certain statements in this press release may constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of management and are not predictions of actual performance.
Forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements, including but not limited to
failure to realize the anticipated benefits from the business
combination; the effects of pending and future legislation; the
highly competitive nature of the Company’s business and the
commercial vehicle electrification market; litigation, complaints,
product liability claims and/or adverse publicity; cost increases
or shortages in the components or chassis necessary to support the
Company’s products and services; the introduction of new
technologies; the impact of the COVID-19 pandemic on the Company’s
business, results of operations, financial condition, regulatory
compliance and customer experience; the potential loss of certain
significant customers; privacy and data protection laws, privacy or
data breaches, or the loss of data; general economic, financial,
legal, political and business conditions and changes in domestic
and foreign markets; the inability to convert its sales opportunity
pipeline into binding orders; risks related to the rollout of the
Company’s business and the timing of expected business milestones;
the effects of competition on the Company’s future business; the
availability of capital; and the other risks discussed under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K
filed on March 31, 2021, as amended and supplemented by the 10-K/A
filed May 17, 2021, and other documents that the Company files with
the SEC in the future. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. These
forward-looking statements speak only as of the date hereof and the
Company specifically disclaims any obligation to update these
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210727005422/en/
XL Fleet Media Contact: PR@xlfleet.com
XL Fleet Investor Contact: xlfleetIR@icrinc.com
ARBOC Media Contact: Alanna.Troyer@ARBOCsv.com
For NFI investor inquiries, please contact: Stephen King P:
204.224.6382 Stephen.King@nfigroup.com
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