NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

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NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

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NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

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NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

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NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

By Patricia Bartell July 26, 2021 Share Facebook Twitter Pinterest VK WhatsApp

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    NFI Announces Order for 10 Additional Battery Electric Buses from OCTA of California, Expanding Zero Emission Mobility in Orange County

    Patricia Bartellhttp://news-block.com

    WINNIPEG, Manitoba, July 26, 2021 (GLOBE NEWSWIRE) – (TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or the “Company”), a leading independent manufacturer of buses and coaches and a leader in mobility solutions, announced today that its subsidiary New Flyer of America Inc. (“New Flyer”) has received a Orange County Transportation Authority (“OCTA”) Signs Contract for 10 Xcelsior CHARGE Zero Emission Battery Powers® 40 foot transit buses.

    OCTA serves 34 cities within Orange County, California, providing transportation to the third largest county in the state and supporting nearly 40 million passengers per year.

    Purchase follows New Flyer’s recent delivery to OCTA of 10 Xcelsior CHARGE H2 ™ Hydrogen Fuel Cell Electric Transit Buses and moves toward compliance with California’s Innovative Clean Transit (“ICT”) regulation. Adopted by the California Air Resources Board (“CARB”) in 2018, the state ICT regulation requires agencies to gradually transition to 100% zero emission bus (“ZEB”) fleets by 2040.

    “As we move toward a zero-emission future, NFI continues to offer clean, safe, accessible and quiet electric buses throughout the US and around the world,” said Paul Soubry, President and CEO of NFI. “Our turnkey electric vehicle solutions combined with a dedicated focus on our customer and end-user experience position us extremely well for continued success as we offer the broadest offering in the battery and electric bus and coach industry. fuel cell “.

    “With more than 1,000 buses delivered since 1990, OCTA continues to rely on New Flyer’s advanced zero-emission technology, including battery and fuel cell electric buses, as they transition to clean mobility,” said Chris Stoddart, President. from North America Bus and Coach. We look forward to continuing to work with OCTA through this new order, which will help create cleaner, more livable communities throughout Orange County by reducing California’s carbon footprint and emissions. “

    NFI is a leader in zero-emission mobility, with electric vehicles operating (or on demand) in more than 80 cities in five countries. NFI offers the broadest range of zero-emission battery and fuel cell electric buses and coaches, and the company’s vehicles have completed more than 40 million miles of electric vehicle service. Today, NFI supports the growth of 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. It also operates the Vehicle Innovation Center (“VIC”), the first and only innovation lab of its kind dedicated to advancing bus and coach technology and developing the workforce. Since its opening in late 2017, the VIC has hosted more than 300 interactive events, welcoming 3,000 industry professionals for EV 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 nine countries, NFI is a leading global manufacturer of mass mobility solutions buses under the New Flyer brands.® (heavy duty transit buses), MCI® (coaches), Alexander Dennis Limited (single and double-decker buses), Plaxton (coaches), ARBOC® (sectioned low-floor and medium-duty buses) and NFI Parts ™. Today, NFI offers the widest range of sustainable powertrains available, including zero-emission electricity (car, battery and fuel cell), natural gas, hybrid electric and clean diesel. In total, NFI supports its installed base of more than 105,000 buses and coaches worldwide. NFI’s common stock is traded on the Toronto Stock Exchange under the symbol NFI. News and information are available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, Y www.nfi.parts.

    About New Flyer

    New Flyer is North America’s leader in heavy duty transit buses and offers the most advanced product line under Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through New Flyer Infrastructure Solutions ™, a service dedicated to providing safe, sustainable and reliable cargo and mobility solutions. New Flyer actively supports more than 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-powered and 1,900 are zero-emission. More information is available at www.newflyer.com.

    Forward-looking statement

    This press release may contain forward-looking statements regarding expected future events and financial and operating results of NFI Group that involve risks and uncertainties. Although the forward-looking statements in this press release are based on what management believes to be reasonable assumptions, investors cannot be sure that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management’s expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic and economic conditions and the availability of funds for customers to purchase buses and purchase parts or services, customers may not exercise options to purchase additional buses, customers’ ability to suspend or terminate contracts for convenience and the other risks and uncertainties discussed in the materials filed with Canadian securities regulators and available on SEDAR in www.sedar.com. Due to the potential impact of these factors, the NFI Group rejects any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by applicable law.

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    Lindy norris
    P: 320.406.3386
    [email protected]

    For investor inquiries, please contact:
    Stephen King
    P: 204.224.6382
    [email protected]

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