(TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or
the “Company”), a leading independent bus and coach manufacturer
and a leader in electric mass mobility solutions, today announced
that its electric vehicles (“EVs”) have collectively travelled more
than 40 million zero-emission miles. Through this milestone, NFI
EVs have prevented nearly 150,000 imperial tons of greenhouse gas
(“GHG”) emissions from entering the environment – the equivalent of
removing 23,000 cars from the road for one year.
In addition, NFI announced that New Flyer
Infrastructure Solutions™, NFI’s full-suite infrastructure project
management service, has now installed more than 200 EV chargers
.
“Today’s achievements are tomorrow’s gains. In
reaching 40 million electric miles across NFI’s EV line up, we
continue to decrease the carbon footprint of transportation while
delivering clean, safe, quiet mobility powered by our advanced
zero-emission technology,” said Paul Soubry, President and Chief
Executive Officer, NFI. “Decades of strengthening our core
competencies – including scalable customized manufacturing,
lifetime service and support, technology innovation, and workforce
development – have led to these milestones and established NFI as a
leader in the EV market.”
NFI’s industry-leading EV offering includes the
broadest range of vehicles: single and double-deck heavy-duty
transit buses, motor coaches, and medium-duty buses. NFI has been
manufacturing electric vehicles since 1969, and its current
offering includes battery-electric and fuel-cell electric
variants.
NFI meets urban mobility demands through a
unique four pillar approach, including:
- vehicles (buses and coaches);
- infrastructure;
- smart, connected technology;
and
- workforce development.
This approach directly meets the call posed by
this year’s Earth Day theme to “Restore Our Earth,” inviting
innovative thinking, emerging green technologies, and climate
restoration to ecosystems.
“In recognition of Earth Day, NFI is committed
to leading electrification of mass mobility around the world,” said
Soubry. “With over 600 engineers globally, our ability to design
and deploy sustainable technology is unmatched. We remain
relentless in our delivery of four-pillar mobility solutions, as
well as our ultimate pursuit of more livable communities, cleaner
air, decreased GHG emissions, and a protected environment – all of
which contribute to mitigating climate change.”
NFI is a leader in zero-emission mobility with
battery-electric and fuel-cell electric vehicles operating in more
than 80 cities in four countries that have completed over 40
million electric service miles. NFI also operates the Vehicle
Innovation Center, the first and only innovation lab of its kind
dedicated to advancing bus and motor coach technology and providing
essential workforce development through electric bus training, now
available online. NFI is testing automated vehicle technology and
remains committed to the development of technology standards that
deliver safe, clean, sustainable, connected mobility options to
communities.
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, technology,
and workforce development, 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 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 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 35,000 heavy-duty transit buses (New Flyer, NABI, and
Orion) currently in service, of which 8,600 are powered by electric
motors and battery propulsion and 1,900 are zero-emission. Further
information is available at www.newflyer.com.
Forward-Looking Statement
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.
For media inquiries, please contact:Lindy
NorrisP: 320.406.3386Lindy_Norris@newflyer.com
For investor inquiries, please contact:Stephen
KingP: 204.224.6382Stephen.King@nfigroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c03bc54e-4b34-4351-bc1b-4a40c7b51982
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