November 4, 2022: (TSX: NFI, OTC:
NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the
“Company”), a leading independent bus and coach manufacturer and a
leader in electric mass mobility solutions, subsidiary Alexander
Dennis Limited (“Alexander Dennis”) today announced that Alexander
Dennis attended the Euro Bus Expo in Birmingham, United Kingdom
earlier this week, connecting with customers, suppliers, and
industry partners, showcasing its wide offering of buses and smart
connected technology.
“Our team had a great week reconnecting with
many of our customers, suppliers, and industry partners in person
at Euro Bus Expo,” said Paul Davies, President and Managing
Director, Alexander Dennis. “We were pleased to showcase and
preview our new zero-emission products and advanced services that
will enhance the customer experience for our partners around the
world. Thank you to the entire Alexander Dennis team for a
fantastic event.”
During the week, Alexander Dennis:
-
Unveiled the first Enviro400FCEV next-generation hydrogen
double-deck bus, for launch customer Liverpool City Region Combined
Authority; the Enviro400FCEV is the first of a new generation of
zero-emission buses fully designed and built by Alexander Dennis
and backed up with AD24 whole-vehicle aftermarket support;
-
Provided an exclusive preview of other vehicles in Alexander
Dennis’ new line of next-generation battery electric buses,
including the Enviro400EV double-deck bus and the new mid-size
midibus the Enviro100EV, which each feature next-generation
electric driveline and the new future-proof Alexander Dennis
battery system;
-
Announced promotions in the Alexander Dennis commercial team to
better serve customer needs, including Mat Lawrence as Fleet Sales
Director; Charlie Miller as Retail Sales Director; and Debbie
McCreath as Group Marketing Director. All will work under the
direction of Group Commercial Director Martin West, who joined the
business earlier in 2022; and
-
Confirmed its first tranche of 2023 model year Plaxton Panther and
Leopard Coaches built on the fuel-efficient Volvo B8R chassis, with
a choice of I-Shift and automatic transmissions. The coaches will
be available for delivery in the first quarter of 2023.
“Alexander Dennis is taking the next step in
leading the ZEvolution with our next generation of
zero-emission buses fully designed and built in-house, while
continuing our very successful partnership with BYD which has been
leading the market for the last six years and will continue to
offer excellent products that meet further operational needs,”
continued Davies. “First, the Enviro400FCEV which adds a
hydrogen-fuel cell bus that is ready to meet the requirements of
any bus operator, transport authority or city. Next, the
crowd-shifting Enviro400EV and the Enviro100EV, which introduces a
big bus feel to the small bus market specifically designed for the
requirements of bus operation in the UK and Ireland, giving
operators, transport authorities and their customers the best bus
for the zero-emission age.”
NFI is a leader in zero-emission mobility, with
electric vehicles operating (or on order) in more than 110 cities
in six countries. NFI offers the widest range of zero-emission
battery and fuel cell-electric buses and coaches, and its vehicles
have completed over 70 million EV service miles.
Today, NFI supports growing North American
cities with scalable, clean, and sustainable mobility solutions
through a four-pillar approach that includes buses and coaches,
technology, infrastructure, and workforce development. NFI
also operates the Vehicle Innovation Center (“VIC”), the
first and only innovation lab of its kind dedicated to advancing
bus and coach technology and providing workforce development. Since
opening in late 2017, the VIC has hosted over 300 interactive
events, welcoming 5,000 industry professionals for EV and
infrastructure training.
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 7,500 team members in nine 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’s common
shares trade on the Toronto Stock Exchange (“TSX”) under the symbol
NFI and its convertible unsecured debentures trade on the TSX under
the symbol NFI.DB. News and information is available at
www.nfigroup.com, www.newflyer.com, www.mcicoach.com,
www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and
www.carfaircomposites.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 NFI 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.
About Alexander Dennis
Alexander Dennis Limited (“Alexander Dennis”) is
a global leader in the design and manufacture of double deck buses
and is also the UK’s largest bus and coach manufacturer. Alexander
Dennis 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.
For media inquiries, please contact:Debbie
McCreath, +44 1324 574479Stefan Baguette, +44 1324
678047press@alexander-dennis.com
For 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/c00da1c6-9483-42ec-84f3-35cb93e95f5c
NFI (TSX:NFI)
Historical Stock Chart
From Jun 2024 to Jul 2024
NFI (TSX:NFI)
Historical Stock Chart
From Jul 2023 to Jul 2024