New Flyer and AROW Global announce Terrance Chen as inaugural recipient of the $10,000 New Mobility Bursary

Winnipeg, Manitoba, CANADA – April 7, 2022: (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced Terrance Chen as the inaugural recipient of the New Mobility Bursary, created by subsidiary New Flyer of America Inc. (“New Flyer”) in partnership with supplier AROW Global Corp (“AROW Global”).

The $10,000 New Mobility Bursary, first announced in November 2021 and awarded through NFI’s Vehicle Innovation Center (“VIC”), is focused on supporting underserved, underrepresented, or disadvantaged individuals that are enrolled in science, technology, engineering, and math (“STEM”) related programs and intending to pursue careers in the new mobility era. Ultimately, the bursary contributes to the advancement of diversity, equity, and inclusion in public transit.

“This bursary motivates me to do well in university and pursue a career in which I can improve infrastructure, such as urban planning or entrepreneurship in transportation,” said Terrance Chen. “I am passionate about technologies that lead to a more sustainable future, such as EVs and public transit systems using alternative sources of energy, and am grateful this bursary recognizes my passion for transportation.”

Chen was born in Nanjing, China, and moved to Winnipeg, Manitoba at age 10. He is currently enrolled in the University of Waterloo’s Environment and Business Program and anticipates graduating in April 2025. Prior to his studies, Chen developed a deep interest in electric vehicles, mobility, and innovation through participating in Manitoba Electric Vehicle Association events and having once toured New Flyer manufacturing facilities through the CanU Canada young leaders’ program. During the tour, Chen gained firsthand insight on New Flyer’s electric and hydrogen fuel cell technology, which further sparked his interest in a zero-emission future.

“We are thrilled to congratulate and present Terrance Chen with the $10,000 New Mobility Bursary, and to extend sincere gratitude to our selection committee,” said Janice Harper, Executive Vice President of People and Culture, NFI. “It is young leaders like Terrance who will continue to shape and drive the new mobility era forward. To enable this, we must continue investing in the next generation to provide them tangible support and opportunities to learn more on, to enter, and advance through our industry. As one of four critical pillars in NFI’s mobility solutions offering, workforce development is – and will remain – at the forefront of zero-emission adoption at scale.”

The New Mobility Bursary selection committee was comprised of leaders spanning the North American public transit industry, and included Alva Carrasco, Vice President and Western Region Market Lead for WSP and current President of Latinos in Transit; Annette Salfarlie, Senior Advisor on Diversity and Culture at Toronto Transit Commission and current Chair of the Conference of Minority Transportation Officials’ Toronto and Region Chapter; Dwayne Sampson, Founder and Chief Executive Officer of the Transportation Diversity Council; Mervin Richardson, Production Superintendent for New Flyer; Earl Phillips, Local 100 President for the Transit Workers Union; Pam Boswell, Vice President of Workforce Development and Educational Services for the American Public Transportation Association; Tom Klos, Director of Sales for AROW Global; and Barry Karlenzig, Technical Sales Manager for New Flyer and current President of Pride Winnipeg.

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 80 cities in five countries. Today, NFI supports growing 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.

NFI also operates the VIC, the first and only innovation lab of its kind dedicated to advancing bus and coach technology and providing workforce development. Since opening late 2017, the VIC has hosted over 300 interactive events, welcoming 5,000 industry professionals for EV and infrastructure training.

AROW Global is a leading design and manufacturer of window, glazing, and driver protection systems for the mass transit industry in North America, is an equal partner with New Flyer in creating the New Mobility Bursary to advance diversity, equity, and inclusion in the public transportation industry.

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 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. The Shares are traded on the Toronto Stock Exchange under the symbol NFI and NFI’s convertible unsecured debentures trade on the Toronto Stock Exchange under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.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. 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.newflyer.com.

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