Mr. Chris Stoddart reports

PHOENIX PUBLIC TRANSIT DEPARTMENT AWARDS NFI CONTRACTS FOR UP TO 346 NEW FLYER LOW- AND ZERO-EMISSION VEHICLES

New Flyer of America Inc., a subsidiary of NFI Group Inc., has noted that its subsidiary New Flyer Industries (New Flyer) has received new firm orders for six zero-emission fuel-cell-electric and 20 low-emission hybrid-electric transit buses from the Phoenix Public Transit Department (PTD).

The two five-year contracts include options to purchase up to 160 fuel-cell-electric and 160 hybrid-electric transit buses in 40-foot lengths. In total, NFI added up to 346 low- and zero-emission buses to its backlog in the first quarter of 2023 from firm and option orders.

PTD provides transportation services in the city of Phoenix, the fifth largest city in the United States, and other cities across the Valley Metro, delivering more than 20 million annual revenue service miles on 644 transit vehicles.

This purchase of low- and zero-emission buses will deliver on PTD's transportation 2050 plan, focused on extending the bus service to enhance transit connectivity across Phoenix. In addition, this purchase will spur the PTD's transportation electrification action plan, which outlines the fleet electrification road map, ultimately delivering on the city of Phoenix climate action plan to improve air quality through a more sustainable transportation system.

"Today, PTD joins many other cities and transit agencies across North America in choosing advanced mobility solutions from NFI to enable its transition to a zero-emission fleet. Having delivered nearly 1,000 vehicles to PTD since 1994, we are honoured to support its goal of transitioning to a 100-per-cent electric fleet by 2040," said Chris Stoddart, president, North American bus and coach, NFI. "With best-in-class features on board and one common platform to streamline training and maintenance, our high-performance fuel-cell-electric and hybrid-electric buses will support a smooth transition to sustainable mobility through high operational performance, maintenance savings and improved air quality."

New Flyer's Xcelsior Charge FC, a hydrogen-fuel-cell-electric vehicle, incorporates four distinct technology advancements, including: a lighter, simpler and more efficient heavy-duty fuel-cell power module that is easier to service; recyclable, high-power batteries; a redesigned waterproof battery enclosure providing improved serviceability; and a high-grade electric drive traction system.

New Flyer's hybrid-electric buses bridge the transition between traditional combustion engines and zero-emission propulsion, reducing NOx (nitrogen oxide) emissions by up to 50 per cent and particulate matter levels up to 100 per cent, while also lowering fuel consumption and maintenance costs.

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 130 cities in six countries. NFI offers the widest range of zero-emission battery and fuel-cell-electric buses and coaches, and its vehicles have completed 115 million EV service miles.

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 work force development. NFI also operates the Vehicle Innovation Center (VIC), the first and only innovation lab of its kind dedicated to advancing bus and coach technology, and providing work force development. Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.

About NFI Group Inc.

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 7,700 team members in 10 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 (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 100,000 buses and coaches around the world.

About New Flyer

New Flyer is North America's heavy-duty transit bus leader, offering the most advanced product line under the Xcelsior and Xcelsior Charge brands. It also offers infrastructure development through NFI 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.

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