LARBERT, Scotland, Sept. 25, 2020 /CNW/ - (TSX: NFI)
Alexander Dennis Limited ("ADL"), a subsidiary of NFI Group Inc.
("NFI"), one of the world's largest independent global bus
manufacturers, today welcomed the Scottish Government's
announcement of the award of £7.4 million in funding to bus
operators through the first round of the Scottish Ultra-Low
Emission Bus Scheme.
The initiative helps bus companies invest in electric vehicles
and associated infrastructure, supporting a green recovery out of
the coronavirus pandemic, improving air quality and furthering
Scotland's ambitions for a
net-zero economy.
Funding has been awarded following a competitive bidding
process. Three of the winning proposals were made with ADL as the
intended supplier and the company will now work with successful
bidders First Glasgow, Xplore Dundee and McGill's Buses to finalise
contracts for these 35 zero-emission buses.
ADL President & Managing Director, Paul Davies commented: "As Britain's leading
manufacturer of clean buses, we welcome the Scottish Government's
award of funding for ultra-low emission buses, which will
contribute to Scotland's green
recovery.
"This is a much appreciated first step in stimulating urgently
needed demand for new buses and we look forward to building 35
electric buses here in Scotland.
Delivering cleaner air and reducing carbon emissions, they will set
a great example for further investment in a better future for all.
At ADL, we have the capacity, skilled team and commitment to build
the many more low, ultra low and zero emission buses which our
nation needs now."
ADL will manufacture the buses locally in Scotland, supporting skilled jobs and
apprenticeships as well as its wider Scottish supply chain which
will also benefit from Lothian
Buses' separate confirmation of its intent to continue with
an order originally placed in 2019 for the purchase of 98 Euro 6 double deck buses which ADL will build
in Falkirk on Volvo chassis.
About NFI
With 9,000 team members in ten 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 Alexander Dennis
Alexander Dennis Limited ("ADL") is a global leader in the
design and manufacture of double deck buses and is also the UK's
largest bus and coach manufacturer. ADL offers single and double
deck vehicles under the brands of Alexander
Dennis and Plaxton, and has over 31,000 vehicles in service
in the UK, Europe, Hong Kong, Singapore, New
Zealand, Mexico,
Canada and the United States. Further information is
available at www.alexander-dennis.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
which reflect the expectations of management regarding NFI's and
ADL's future growth, business prospects and sales opportunities.
These forward-looking statements reflect management's current
expectations regarding future events and opportunities and speak
only as of the date of this press release. Forward-looking
statements involve significant risks and uncertainties, should not
be read as guarantees of future events, performance or results, and
will not necessarily be accurate indications of whether or not or
the times at or by which such events, performance or results will
be achieved. 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
transit operators to purchase buses; the COVID-19 pandemic will
likely adversely affect operations of transit operators and may
adversely impact or delay decisions to purchase buses and services;
there is no guarantee that transit operators awarded funding under
the Scottish Ultra-Low Emission Bus Scheme will draw upon all or
any of the funding awarded to purchase buses from ADL or from any
other original equipment manufacturer; transit operators are not
obligated to purchase transit buses exclusively from ADL; the
transit operator desiring to utilize the government funding and ADL
may be unable to agree on contractual terms for the purchase of
buses; and the other risks and uncertainties discussed in the
materials filed by NFI with the Canadian securities regulatory
authorities and available on SEDAR at www.sedar.com. Due to the
potential impact of these factors, NFI and ADL disclaim 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.