03.02.20

Press Releases

Oahu Transit revitalizes Hawaii’s high-capacity mobility with buses from New Flyer

St. Cloud, Minnesota, USA – March 2, 2020: (TSX: NFI) New Flyer of America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), one of the world’s leading independent global bus manufacturers, today announced that the City and County of Honolulu (operating transit as “TheBus”) has awarded New Flyer an order for eight clean-diesel, sixty-foot Xcelsior® heavy-duty transit buses (16 equivalent units or “EUs”).

The buses will replace existing TheBus vehicles that have reached end of useful life, and help provide cleaner mobility and high capacity transit in the greater Honolulu area.

“New Flyer is proud to continue providing transportation in the Islands, with our industry-leading Xcelsior bus offering high capacity mobility solutions,” said Chris Stoddart, President, New Flyer. “As the City and County of Honoluluʻs TheBus begins its evolution toward sustainable mobility, we will reduce particulate emission through advanced filtration technology, and help improve air quality while decreasing the carbon footprint of public transit in the community.”

New Flyer’s clean diesel technology feature engines using a four-step process to filter harmful emissions from the exhaust. Developments in clean diesel over the past decade have significantly reduced emissions, including particulate emission reduction of 90 percent and a 95 percent reduction in nitrogen oxide (NOx) pollution. This innovation also lowers operation costs, improves drivetrain power and torque and directly benefits the health of residents.

Oahu Transit Services, Inc. operates fixed route and paratransit services for the City and County of Honolulu, Hawaii, providing more than 69 million rides annually with a fleet of 540 buses. The American Public Transportation Association has twice honored TheBus as America’s Best Transit System, in 1994-1995 and 2000-2001.

New Flyer has been leading innovation in mobility for nearly 90 years, and today supports growing North American cities with sustainable buses, technology, and infrastructure. It also operates the Vehicle Innovation Center, the first and only innovation lab of its kind dedicated to advancing bus technology and providing essential workforce development through electric bus training. New Flyer was the first bus manufacturer in the world to sign on to the Shared Mobility Principles for Livable Cities, and is currently developing automated bus technology to improve safety in public transit.

About NFI

With 9,000 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: 320.406.3386
Lindy_Norris@newflyer.com

For investor inquiries, please contact:

Stephen King
P: 204.224.6382
Stephen.King@nfigroup.com