01.21.21

Press Releases

New Orleans Regional Transit Authority revitalizes transit with 22 more clean diesel buses from New Flyer

St. Cloud, Minnesota, USA – January 21, 2021: (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 New Orleans Regional Transit Authority (“RTA”) has awarded New Flyer a contract for 22 clean-diesel, thirty five-foot Xcelsior® heavy-duty transit buses.

The order adds to RTA’s 2019 purchase of 23 Xcelsior buses and will revitalize its fleet by replacing end-of-life vehicles as part of the agency’s strategic mobility plan. Since 1994, New Flyer has delivered over 110 buses to RTA.

“With more than 14,000 Xcelsior  buses on the road in North America, New Flyer is a proven mass mobility leader that will continue providing solutions to deliver on the promise of reliable transit, while best matching unique local operating conditions and resources,” said Chris Stoddart, President, New Flyer. “With leading edge emissions technology on board, these buses will reduce particulate emissions in New Orleans, while providing safe, fully accessible, and reliable transit in partnership with RTA.”

New Flyer’s clean-diesel technology combines ultra-low sulfur diesel fuel, advanced engines, and effective emissions controls, resulting in a highly efficient and, virtually smoke-free engine, that can achieve lower emissions, reduce greenhouse gases, and reduce the cost of bus operation.

RTA is the public transportation agency serving the greater New Orleans region, delivering nearly 19 million passenger trips per year. Its mission is to provide a safe, dependable, efficient world class transit system through building a more resilient community, and protecting its cultural, social, and economic well-being through mobility.

For 90 years, New Flyer has led the innovation of mass mobility and today supports growing North American cities with scalable clean mobility solutions 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 and coach technology and providing workforce development on electric bus training, now available online. New Flyer has also developed automated bus technology to improve safety in public transit, with testing currently underway.

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 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 105,000 buses and coaches around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is 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 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.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@nfigroup.com