WMATA to add 12 more emission-reducing hybrid-electric buses from New Flyer
St. Cloud, Minnesota, USA – July 5, 2018: (TSX: NFI) New Flyer of America Inc. (“New Flyer”), the U.S. subsidiary of NFI Group Inc. (“NFI Group”), the largest transit bus and motor coach manufacturer and parts distributor in North America, today announced an order from Washington Metropolitan Area Transit Authority (“WMATA”) for twelve sixty-foot articulated New Flyer Xcelsior® diesel-electric hybrid buses (24 equivalent units). The order converts 12 buses from the option backlog to firm orders.
The buses will be propelled by low-emission, hybrid technologies that reduce air pollution and help WMATA achieve its goal of reducing greenhouse-gas emissions. The articulated, sixty-foot Xcelsior buses also deliver high-capacity transit along key WMATA routes, with 115 passenger capacity. Funding was supported by Federal Transit Administration (“FTA”) grants.
“New Flyer is proud to offer innovative, low-emission transit solutions for WMATA that positively impact the nation’s Capitol by reducing emissions and also moving Washingtonians with greater efficiency,” said Wayne Joseph, President, New Flyer of America. “Sustainable transportation is at the heart of New Flyer design, and we are proud to continue our 90-year legacy with more low and no-emission bus options than any other North American transit manufacturer.”
WMATA provides approximately 400,000 trips each weekday in the District of Columbia, Maryland, and Virginia. WMATA’s Metrobus is the sixth busiest bus agency in the United States, with a fleet of more than 1,500 buses. New Flyer has delivered nearly 1,400 buses to WMATA since 2001, including electric hybrids, zero-emission battery-electric, and low-emission compressed natural gas (CNG).
In 2018, New Flyer committed to leading collaboration, cooperation, and the technological advancement of Smart Mobility in North America. It also became the first bus manufacturer in the world to sign onto the Shared Mobility Principles for Livable Cities, which supports collaboration in developing multimodal, integrated cities through technology-driven innovation. For information on Shared Mobility Principles, visit www.sharedmobilityprinciples.org.
The NFI Group has over 50 years of experience in manufacturing zero-emission buses (ZEBs).
About NFI Group
With nearly 6,000 team members, operating from 32 facilities across Canada and the United States, NFI Group Inc. is North America’s largest bus manufacturer providing a comprehensive suite of mass transportation solutions under several brands: New Flyer® (heavy-duty transit buses), ARBOC® (low-floor cutaway and medium-duty buses), MCI® (motor coaches), and NFI Parts™ (parts, support, and service). NFI Group’s buses incorporate the widest range of drive systems available including: clean diesel, natural gas, diesel-electric hybrid, and zero-emission electric (trolley, battery, and fuel cell). For the fiscal year ended December 31, 2017, NFI Group posted revenues of U.S. $2.4 billion.
NFI Group Inc. common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information are available at www.nfigroup.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. New Flyer actively supports over 44,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 7,300 are powered by electric motors and battery propulsion and 1,600 are zero-emission. Further information is available at www.newflyer.com
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 further information, please contact: