New York to Launch Electric Bus Test & Evaluation Program of Five Xcelsior CHARGE™ Buses

The program introduces leased zero-emission buses and rapid chargers to the NYCT network and supports New York’s commitment to protect the environment, reduce emissions, and fight climate change. The MTA will use program results to refine and develop requirements for future electric bus procurements, and to also ensure buses are fully able to meet the rigors of operating in New York City.

For the program, New Flyer integrated leading battery technology from XALT Energy with high-efficiency electric motors and rapid overhead charging systems from Siemens. The electrical infrastructure is being assembled at Siemens’ Tualatin, Oregon rail electrification facility, and the integration of the technologies produced the most technically advanced transit bus in the industry. New Flyer also partnered with Black & Veatch, a leader in engineering and construction of complex charging networks for fleets nationwide, to deploy the high-power charging infrastructure both on-route and in the depot.

“Our entire organization is focused on bus innovation and advancement,” stated Wayne Joseph, President of New Flyer of America. “Through the NYCT pilot program, we are introducing battery-electric buses to America’s largest transportation network by leveraging proven Xcelsior performance with the best Xcelsior CHARGE™ battery-electric technology and the most efficient charging equipment to create an integrated, reliable zero-emission bus system. We are proud to bring New Yorkers a solution that is not only environmentally-friendly, but also provides the quietest and most accessible bus ride available for the urban community and surrounding boroughs.”

The program will operate across the NYCT system, with the option to rapidly recharge buses at either end of the route. The on-route rapid charging system used by New Flyer and Siemens allows battery-electric buses to operate continuously without returning to a depot for recharging. Similar New Flyer buses and charging systems are anticipated to follow in Los Angeles, Portland, Salt Lake City, and Boston in 2018.

The MTA is North America’s largest transportation network, serving a population of 15.3 million people in the 5,000-square-mile area from New York City through Long Island, southeastern New York State, and Connecticut.

NFI Group has over 50 years of experience in manufacturing zero-emission buses (ZEBs) and employs more American workers than any other bus manufacturer in North America.

About NFI Group

NFI Group and its subsidiaries comprise the largest bus and motor coach manufacturer and parts distributor in North America, with 32 fabrication, manufacturing, distribution, and service centers located across Canada and the United States and employing nearly 6,000 team members.

NFI Group provides 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™ (bus and coach parts, support, and service).  NFI Group’s vehicles incorporate the widest range of drive systems available ranging from clean diesel, natural gas, diesel-electric hybrid, trolley-electric, battery-electric and fuel cell.

• 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 6,400 are powered by electric and battery propulsion.
• ARBOC is North America’s low-floor, body-on-chassis (“cutaway”) bus leader serving transit, paratransit, and shuttle applications. With more than 2,500 buses in service, ARBOC leads the low-floor cutaway bus market providing unsurpassed passenger accessibility and comfort over traditional high-floor cutaway vehicles. ARBOC also offers a medium-duty bus for transit and shuttle applications.
• Motor Coach Industries is North America’s motor coach leader offering the J-Series, the industry’s best-selling intercity coach for 11 consecutive years, and the D-Series, the industry’s best-selling motor coach line in North American history. MCI actively supports over 28,000 coaches currently in service.
• NFI Parts is North America’s most comprehensive parts organization, providing replacement parts, technical publications, training, service, and support for NFI Group’s bus and motor coach product lines.

Further information is available at www.www.newflyer.com, www.arbocsv.com, and www.mcicoach.com. The common shares of NFI Group are traded on the Toronto Stock Exchange under the symbol NFI.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Company 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 Company 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:

Jon Koffman
Investor Relations
Ph: 320-316-4964