(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 it has received an order for 200 low-emission
Enviro400 double deck buses from Stagecoach. This represents the UK
bus industry’s largest single order by number of vehicles since
2019.
Stagecoach’s 200 new buses will be built in
Britain and will have Alexander Dennis’s SmartPack efficiency
technology, giving them Low Emission Bus status and helping
Stagecoach to cut emissions in the communities it serves. All are
expected to be delivered in 2023 and to be allocated to depots
across England, ranging from Torquay in the South West to Newcastle
upon Tyne in the North East. The investment means that Stagecoach
will remove older buses from its fleet, benefitting local air
quality.
“We are proud of the continued investment we are
making to our fleet with the largest single order for new buses in
the UK for several years," said Sam Greer, Engineering Director,
Stagecoach. “This really shows our commitment to the future
prosperity of our communities and to our people who can all benefit
from cleaner transport and a growing bus sector.
“These new double deck buses will complement the
investment we are already making with our electric buses to
modernise our fleet in some of Britain’s major towns and cities,
enabling reduced pollution and meaning customers can benefit from
more comfortable, quieter and newer vehicles on their everyday
journeys. We look forward to working with Alexander Dennis to get
our new buses into service starting early next year.”
“We are delighted to continue to support
Stagecoach in making buses across the UK cleaner and greener,” said
Paul Davies, President & Managing Director, Alexander Dennis.
“Our low-emission Enviro400 is a tried and tested product that
combines efficiency with high passenger capacity. Robust and easy
to maintain, the 200 new buses will integrate seamlessly into
Stagecoach’s fleet.
“After the challenges both operators and
manufacturers in the UK bus industry have faced in the last years,
it is a heartening step on the road to recovery to see significant
volumes of vehicles being ordered again by the country’s largest
bus operator, Stagecoach.”
NFI is a leader in low- and zero-emission
mobility, with vehicles operating in 13 countries, moving millions
of people every day. NFI offers the widest range of vehicles
including clean diesel, compressed natural gas, diesel electric
hybrids, and zero-emission battery- and fuel cell-electric buses
and coaches.
High resolution images are available for
download from the Alexander Dennis website at
alexander-dennis.com/media/news.
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 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.
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: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/6b03552b-986a-4b09-84f7-1fb791937037
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