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NFI Group Inc
Symbol C : NFI
Shares Issued 62,370,419
Close 2019-09-17 C$ 30.15
Recent Sedar Documents

NFI Group to provide 110 buses to Washington transit

2019-09-17 18:33 ET - News Release

Mr. Chris Stoddart reports

NEW FLYER ANNOUNCES ADDITIONAL 110 BUSES ORDERED FOR WASHINGTON, DC TRANSIT SYSTEM

New Flyer of America Inc., a subsidiary of NFI Group Inc. (NFI), has received three new orders from the Washington Metropolitan Area Transit Authority (WMATA) for a total of 25 40-foot Xcelsior clean-diesel buses, 75 40-foot Xcelsior compressed natural gas (CNG) buses and 10 60-foot articulated Xcelsior clean-diesel buses (a total of 120 equivalent units or EUs). The order converts 110 buses from the option backlog to firm orders.

The new order replaces older, end-of-life vehicles, and delivers on WMATA's plan to improve transit service and reliability, while also increasing efficiency and sustainable mobility for residents in the capital region. In addition, the articulated buses deliver higher passenger capacity, allowing WMATA to move up to 115 passengers per bus along its busiest routes.

New Flyer has delivered nearly 1,400 buses to WMATA since 2001, including electric hybrids, zero-emission battery electric and low-emission compressed natural gas.

"Since WMATA's first Xcelsior arrived in 2011, we have continued to support its ridership growth with hundreds of safe, reliable and efficient Xcelsior buses to keep America's capital moving," said Chris Stoddart, president, New Flyer. "With leading technology, buses and infrastructure solutions, New Flyer is proud to support WMATA's move toward sustainable mobility while offering greater reliability, increased capacity and cleaner air for the Washington metro community."

New Flyer has delivered over 10,000 of the Xcelsior heavy-duty transit bus model, together accumulating over one billion miles of revenue service across North America. Its CNG-powered buses reduce fleet NOx (nitrogen oxides) emissions by 90 per cent over conventional diesel-powered vehicles, and since 1994, New Flyer has delivered nearly 13,000 CNG buses across Canada and the United States. Its clean-diesel buses also use leading technology that results in highly efficient, virtually smoke-free engines, which can achieve low emissions and help reduce particulate emissions by 90 per cent and NOx emissions by 95 per cent.

WMATA is a trijurisdictional government agency operating public transit service in the Washington metropolitan area, including the District of Columbia, Maryland and Virginia. WMATA's Metrobus is the sixth-busiest bus agency in the United States, providing over 62 million passenger trips per year with a fleet of more than 1,500 buses.

New Flyer has been leading innovation in transit buses for nearly 90 years. In 2017, it opened the Vehicle Innovation Center, the first and only innovation lab of its kind dedicated to advancing bus and coach technology, and in 2018 became the first bus manufacturer in the world to sign on to the Shared Mobility Principles for Livable Cities. It is the only provider of full-suite bus solutions in North America and has the broadest range of drive systems in North America.

About NFI Group Inc.

With over 8,900 team members operating from more than 50 facilities across 10 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 Ltd. (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.

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