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NFI Group Inc
Symbol NFI
Shares Issued 118,961,932
Close 2023-11-29 C$ 13.49
Market Cap C$ 1,604,796,463
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NFI's Alexander receives order for 20 Enviro100EV buses

2023-11-30 09:50 ET - News Release

Mr. Stephen King reports

NFI SUBSIDIARY ALEXANDER DENNIS CONFIRMS STAGECOACH AS LAUNCH CUSTOMER FOR ENVIRO100EV ZERO-EMISSION BUS WITH 20-UNIT ORDER

NFI Group Inc.'s subsidiary, Alexander Dennis Ltd., has confirmed Stagecoach as the launch customer for its recently launched Enviro100EV small zero-emission bus. The purchase has been supported by the Scottish Zero-Emission Bus Challenge Fund (ScotZEB).

The Enviro100EV was unveiled earlier this month as part of Alexander Dennis's next generation of battery-electric buses. Highly manoeuvrable at just 8.5 metres (27.9 feet) long and 2.35 m (7.7 ft) wide, the Enviro100EV seats up to 25 passengers in the same comfort and style as larger buses, with a bright and spacious interior and generous two plus two seating.

Powered by the Voith Electrical Drive System, the energy stored in its 354 kWh (kilowatt-hour) batteries gives it a class-leading range of up to 285 miles, making it a versatile performer even on longer routes.

The battery system was developed for Alexander Dennis by its partner Impact Clean Power Technology. Particular attention has been paid to making it future-proof by allowing easy battery replacement with newer batteries in later life without a need for vehicle modifications.

Sam Greer, chief operating officer for Stagecoach, said: "Acquiring the new Enviro100EV reaffirms our commitment to our customers experience while also bringing us a step closer to realizing our goal of being fully net-zero by 2050. As a part of the fabric of daily life in the U.K., we will continue to build on our work to tackle climate change and become more energy efficient. Having been involved with these battery-electric buses from the concept phase, we are sure they will establish themselves as a long-serving staple of the Stagecoach fleet."

Paul Davies, Alexander Dennis president and managing director, said: "We're delighted to have Stagecoach on board as the launch customer for our Enviro100EV 'big small bus.' We really valued their input as we worked closely with them through the concept phase. These next-generation electric buses will be versatile assets for Stagecoach, their expansive range and diminutive road footprint making them equally suited to narrow town streets as winding country lanes. The Enviro100EV is best-in-class by some distance and, with its future-proof battery system and the next generation of aftermarket support from AD24, this new fleet of small buses is destined to enjoy long, productive working lives in the Stagecoach fleet."

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 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 over 140 million EV (electric vehicle) service miles.

High-resolution images are available for download from the Alexander Dennis website.

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 over 8,200 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 (motorcoaches), Alexander Dennis Ltd. (single-deck and double-deck buses), Plaxton (motorcoaches), 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 Alexander Dennis Ltd.

Alexander Dennis is a global leader in the design and manufacture of double-deck buses and is also the U.K.'s largest bus and coach manufacturer. Alexander Dennis offers single-deck and double-deck vehicles under the brands of Alexander Dennis and Plaxton, and has over 31,000 vehicles in service in the United Kingdom, Ireland, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada and the United States.

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