WINNIPEG, Feb. 19, 2019 /CNW/ - (TSX: NFI) New Flyer
Industries Canada ULC ("New Flyer"), the Canadian subsidiary of NFI
Group Inc. ("NFI"), the largest bus manufacturer in North America, today announced an award from
the Toronto Transit Commission ("TTC") for an additional ten
forty-foot, zero-emission, battery-electric Xcelsior CHARGE™
heavy-duty transit buses.
This award follows on the original TTC order from New Flyer in
June 2018 for ten battery-electric
Xcelsior CHARGE™ buses, and increases TTC's total order to 20
vehicles. The original contract was TTC's first transit bus order
from New Flyer since 1999, and has an additional 20 options
remaining. The purchase also includes five ABB direct current (DC)
depot chargers that conform to the Society of Automotive Engineer
(SAE) J1772 Combined Charging System (CCS Type 1 Connector),
allowing the chargers to support other types and makes of electric
vehicles operating for the City of
Toronto. The chargers will be commissioned by New Flyer
Infrastructure Solutions™ and ABB.
TTC is the public transit agency operating bus, subway,
streetcar, and paratransit services in Toronto, Ontario. As the third largest transit
system in North America, TTC
delivers more than 536 million passenger trips each year, and has
integrated sustainability into its multi-year plan to reduce
greenhouse gases, air pollution, and congestion on Toronto roadways.
The TTC's electric bus program aims to transform mobility in
Toronto with a 100% zero-emission
bus fleet by 2040, which includes a commitment to purchase only
zero-emission buses by 2025. This program will assist TTC and the
greater public transit community in developing bus and
electrification specifications for future procurements.
"New Flyer is proud to expand its zero-emission partnership with
Toronto, with this follow on TTC
order," said Chris Stoddart,
President, New Flyer.
NFI has over 50 years of experience in manufacturing
zero-emission buses (ZEBs), with more electric buses on the road in
North America than any other
manufacturer. In 2018, New Flyer became the first bus manufacturer
in the world to sign on to the Shared Mobility Principles for
Livable Cities, joined the Charging Interface Initiative (CharIN)
to support industry charging standards for all electric vehicles,
became the first licensee outside the Volvo Group to join OppCharge
in North America, and celebrated
the Canadian Urban Transit Research and Innovation Consortium's
(CUTRIC) launch of the Pan-Canadian Electric Bus Demonstration and
Integration Trial – the world's first multi-manufacturer
interoperability demonstration for fast-charge electric buses – of
which New Flyer was a contributing member.
About NFI
With over 6,100 team members, operating from 31 facilities
across Canada and the United States, NFI is North America's largest bus manufacturer
providing a comprehensive suite of mass transportation solutions
under brands: New Flyer® (heavy-duty transit buses),
ARBOC® (low-floor cutaway and medium-duty buses),
MCI® (motor coaches), and NFI Parts™ (parts, support,
and service). NFI buses 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) on proven bus platforms. It also supports
infrastructure development through New Flyer Infrastructure
Solutions™, a service dedicated to providing safe and reliable
charging and mobility solutions. In total, NFI supports over 74,000
buses and coaches currently in service across North America. For the fiscal year ended
December 31, 2017, NFI posted
revenues of US $2.4 billion. NFI
common shares are traded on the Toronto Stock Exchange under the
symbol NFI. News and information are available at
www.nfigroup.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 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 NFI Group Inc.