(TSX: NFI, OTC: NFYEF, TSX:
NFI.DB) -- NFI Group Inc. (NFI), a leading
independent bus and motor coach manufacturer and a leader in
zero-emission electric mobility solutions, today announced that NFI
subsidiary New Flyer of America Inc. (New Flyer), has been awarded
a contract from the New Jersey Transit Corporation (NJ TRANSIT) for
the purchase of up to 1,300 Xcelsior® 40-foot clean-diesel transit
buses.
This contract is pursuant to the November 2023
NJ TRANSIT Board authorization for NJ TRANSIT to enter into
contracts for 550 40-foot transit buses and options to purchase up
to 750 additional 40-foot transit buses. New Flyer has received an
initial firm order for 175 buses from NJ TRANSIT with the option to
purchase up to 1,125 additional 40-foot buses. New Flyer added this
award, both firm orders and options, to its backlog in the first
quarter of 2024.
“The Xcelsior buses included in this contract
are not only lighter, quieter, and more efficient than previous
models, they also offer enhanced safety and accessibility features
that make for a better overall rider experience,” said Chris
Stoddart, President, North American Bus and Coach, NFI. “These new
buses will play a key role in delivering the essential
transportation services NJ TRANSIT provides to their riders every
day.”
NJ TRANSIT is the largest statewide public
transit system in the United States. It serves as a major point of
connection across the entire state of New Jersey, with additional
reach to New York City, Philadelphia, and the surrounding areas. In
2023, the agency provided more than 209 million passenger trips,
with more than 60% of that ridership coming from bus trips. The new
high-performance buses included in this order will be used to
replace end-of-life vehicles in NJ TRANSIT’s fleet.
The 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. New Flyer’s technology combines
ultra-low sulfur diesel fuel, advanced engines, and effective
emissions controls, resulting in a highly efficient bus with
reduced emissions. For more information,
visit newflyer.com/xcelsior-diesel.
Today, NFI supports growing North American
cities with scalable, clean, and sustainable mobility solutions
through its mobility solution ecosystem, which includes buses and
coaches; infrastructure; parts and service; technology;
workforce development and training; and vehicle financing. 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 350 interactive events,
welcoming 7,000 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 over 8,750 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 100,000 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, nfi.parts,
www.alexander-dennis.com, arbocsv.com, and
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 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 ongoing and future supply
chain disruptions and shortages of parts and components, shipping
and freight delays, and disruption to and shortage of 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.sedarplus.ca.
Due to the potential impact of these factors,
NFI 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 investor and media inquiries, please
contact: Stephen King P:
204.224.6382 Stephen.King@nfigroup.com
Grafico Azioni NFI (TSX:NFI)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni NFI (TSX:NFI)
Storico
Da Nov 2023 a Nov 2024
