NFI receives order for 100 additional transit buses for the Washington Metro Region
May 26 2021 - 7:30AM
(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 the Washington Metropolitan Area Transit Authority (“Metro”)
has exercised options for 100 additional forty-foot Xcelsior®
heavy-duty transit buses from NFI’s U.S. subsidiary New Flyer of
America Inc. (“New Flyer”). The options are being exercised
from New Flyer’s backlog in the third year of a five year contract
originally awarded in 2018.
Metro is America’s sixth largest bus agency,
supporting a population of 4 million people and providing public
transit service to over 1,500 square miles in the District of
Columbia, Maryland, and Virginia.
“Since 1995, we have delivered over 1,800 buses
to WMATA, and we will continue to support the agency with
progressive transit solutions through this additional 100 bus
order,” said Chris Stoddart, President, New Flyer and MCI. “New
Flyer’s advanced engine integration, in coordination with Cummins,
delivers up to 90% reduction of particulate matter and up to 96%
reduction of NOx emissions, which helps pave the way for the
evolution to low and zero emission mobility.”
The buses conform to the Environmental
Protection Agency and National Highway Traffic Safety
Administration’s comprehensive Heavy-Duty National Program, that
reduces greenhouse gas emissions and fuel consumption for
heavy-duty highway vehicles.
NFI has been leading mass mobility solutions for
more than 90 years, and today supports growing North American
cities with sustainable four-pillar mobility solutions including
buses and coaches, technology, infrastructure, and workforce
development. NFI operates the Vehicle Innovation Centre
(“VIC”), the first and only innovation lab of its kind dedicated to
advancing bus and coach technology and providing workforce
development. Since opening in 2017, the VIC has hosted over 300
interactive events, welcoming 3,000 industry professionals for
electric bus and infrastructure training. For more information,
visit newflyer.com/VIC.
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 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 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.
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
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