(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) New Flyer of
America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”),
a leading independent bus and coach manufacturer and a leader in
electric mass mobility solutions, today announced that it has
received a five-year contract from Port Authority of Allegheny
County, d.b.a. Pittsburgh Regional Transit (“PRT”) for 15
zero-emission, battery-electric Xcelsior CHARGE NG™ sixty-foot
heavy-duty transit buses (30 equivalent units or “EUs”), and 54
clean-diesel Xcelsior® sixty-foot buses (108 EUs), for a total
of 138 EUs, with options to purchase up to 88 additional sixty-foot
battery-electric or clean-diesel buses. In total, NFI will add 157
sixty-foot buses (314 EUs) to its backlog.
PRT is the second largest public transit agency
in Pennsylvania, operating a fleet of 730 buses and providing more
than 60 million annual passenger trips a year in the Pittsburgh
area. In September 2022, PRT announced its plan to transition to a
zero-emission bus fleet by 2045 to improve the health and safety of
the area it serves.
Supported by Federal Transit Administration
(“FTA”) funds, this order will spur PRT’s transition to a more
sustainable fleet and replace vehicles that have reached the end of
their lifespan with more efficient and reliable battery-electric
and clean-diesel buses, delivering an enhanced passenger
experience.
“Since 2011 NFI has delivered more than 130
vehicles to PRT, eight of which were battery-electric buses. NFI
continues to deliver the most advanced transit technology available
in North America,” said Chris Stoddart, President, North American
Bus and Coach, NFI. “Designed on NFI’s Xcelsior platform, both
electric and clean-diesel 60-foot buses share common parts, tooling
and training, enabling PRT's smooth transition to a zero-emission
fleet. Together with PRT, we are delivering safe, reliable,
efficient, and more sustainable mobility for the greater Pittsburgh
community.”
Introduced in 2021, the Xcelsior CHARGE
NG bus incorporates three distinct technology advancements,
including high-energy batteries, advanced protective battery
packaging for easy install and simpler serviceability, and a new
lightweight electric traction drive system with up to 90% energy
recovery. For more information, visit newflyer.com/ng.
New Flyer’s Xcelsior buses conform to the
Environmental Protection Agency and National Highway Traffic Safety
Administration’s comprehensive Heavy-Duty National Program, which
reduces greenhouse gas emissions and fuel consumption for
heavy-duty highway vehicles. For more information,
visit newflyer.com/xcelsior.
NFI is a leader in zero-emission mobility, with
electric vehicles operating (or on order) in more than 120 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 85 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.
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; production may be delayed or
production rates may be decreased as a result of the pandemic or
ongoing and future supply chain disruptions and shortages of parts
and components, shipping and freight delays, and disruption to
labor supply; 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:Amanda WankeP:
515.474.1704Amanda_Wanke@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/a8580a18-a118-4c1d-be11-45aa17c6b613
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