WINNIPEG, Aug. 14, 2019 /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 68 compressed natural gas ("CNG")
Xcelsior® forty-foot, heavy-duty transit buses. The
order follows BC Transit's 2018 purchase of CNG buses, which were
converted from the New Flyer option backlog.
Today's announcement follows the July 29,
2019 launch of BC Transit's low carbon program, which
committed to full fleet electrification by 2040. Within this plan,
BC Transit will transition all 1,200 of its buses from traditional
propulsion to zero-emission vehicles. Earlier in July, the Canadian
and British Columbia provincial
government pledged $79 million to BC
Transit for a new electric bus fleet.
BC Transit has ordered 700 buses from NFI since 1992, including
New Flyer transit buses, Alexander Dennis Limited double-deck
buses, and ARBOC® low-floor cutaway buses.
"BC Transit is a shining example of a progressive transit agency
utilizing safe and readily available buses to lead the low carbon
revolution," said Chris Stoddart,
President, New Flyer. "With the ability to reduce nitrogen oxides
emissions by 90%, CNG has an immediate impact on improving air
quality. Since 1994, New Flyer has delivered over 13,000 CNG buses
across North America and is proud
to build on this low-emission footprint with BC Transit. Together,
and alongside our battery-electric buses in Toronto, Montreal, and Laval, we are driving sustainable transit in
Canada."
New Flyer is the only manufacturer offering a complete range of
clean propulsion systems in both conventional and articulated
transit buses, and has been advancing zero-emission bus ("ZEB")
mobility in Canada since 1968 when
it delivered its first ZEB to the Toronto Transit Commission. Since
then, it has delivered over 540 ZEBs across Canada. New Flyer's first CNG bus was
delivered in 1994, followed by the introduction of its first ever
battery-electric bus in 2012.
NFI has over 50 years' experience manufacturing zero-emission
buses, and actively advocates for the electrification of public
transit vehicles and standardization of charging infrastructure. In
2018, it signed onto the Shared Mobility Principles for Livable
Cities, the CALSTART Global Commercial Drive to Zero pledge, the
Transportation Electrification Accord; joined 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 8,900 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), Paxton (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 Inc.