06.17.19

Press Releases

Central Florida awards contract to New Flyer for up to 75 articulated transit buses

St. Cloud, Minnesota, USA – June 17, 2019: (TSX: NFI) New Flyer of America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), one of the world’s largest independent global bus manufacturers, today announced that the Central Florida Regional Transportation Authority (“LYNX”) has issued a new contract for up to 75 compressed natural gas (“CNG”) Xcelsior® sixty-foot, heavy-duty transit buses, with a firm order for 25 buses (50 equivalent units or “EUs”) and options to purchase up to an additional 50 buses (100 EUs).

The new, low-emission articulated buses will provide more frequent and reliable high-quality service for passengers in the greater Orlando area. The buses will also increase passenger capacity, enhance operational efficiencies, and improve the overall passenger experience.

“New Flyer is proud to support expanded, high-capacity transit in the Orlando area, with buses built in America featuring U.S. technology,” said Chris Stoddart, President, New Flyer. “We are thrilled to provide mobility solutions for LYNX route optimization, and to help increase passenger capacity along key routes with new, low-emission Xcelsior transit buses.”

LYNX is the mobility provider for Florida’s tri-county area including Orange, Seminole, and Osceola, delivering over 26 million passenger trips per year. Together with the Florida Department of Transportation (FDOT), LYNX developed a 10-Year Transit Development Plan to meet public transportation needs in its service area.

New Flyer has been leading innovation in transit for over 85 years. In 2017, it opened the Vehicle Innovation Center, the first and only innovation lab of its kind dedicated to advancing bus and coach technology, and in 2018 became the first bus manufacturer in the world to sign on to the Shared Mobility Principles for Livable Cities. It is the only provider of full suite bus solutions in North America, offering transit buses, motor coaches, and low-floor cutaway buses.

About NFI

With over 8,900 team members operating from more than 50 facilities across ten countries, NFI is a leading independent global bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer® (heavy-duty transit buses), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), MCI® (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI buses and motor coaches 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).  In total, NFI now supports over 105,000 buses and coaches currently in service around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information are available at www.nfigroup.com, www.www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.

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 New Flyer Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 41,000 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.www.newflyer.com.

Forward-Looking Statements

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:
Lindy Norris
P: 204.792.8424
Lindy_Norris@newflyer.com

For investor inquiries, please contact:
Stephen King
P: 204.224.6382
Stephen_King@newflyer.com