(TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or
the “Company”), a leading independent bus and coach manufacturer
and a leader in mobility solutions, today announced that the
Toronto Transit Commission (“TTC”) has awarded NFI subsidiary ARBOC
Specialty Vehicles, LLC (“ARBOC”) a firm order for 110 seven-meter
Independence low floor transit buses.
The award was placed through ARBOC’s Canadian
distributor, Creative Carriage Ltd., utilizing the Government of
Ontario’s Metrolinx Transit Procurement Initiative (“TPI”). ARBOC
plans to deliver the initial group of up to 30 buses in 2021 with
the remaining 80 vehicles in 2022. This award follows a TTC order
in 2019 to NFI subsidiary New Flyer Industries Canada ULC (“New
Flyer”), for up to 40 Xcelsior CHARGE 40-foot battery-electric
buses supporting TTC’s electric bus program, of which 20 buses have
already been delivered.
TTC, North America’s third largest transit
system after New York City Transit Authority and Mexico City Metro,
is the public transport agency responsible for the transportation
network of the Greater Toronto Area, serving nearly 1.7 million
passengers on an average weekday. TTC offers multiple
transportation services, including subway lines, streetcar routes,
and more than 140 bus routes made up of approximately 2,400 buses.
TTC plans to utilize the new ARBOC Independence low-floor buses to
support rejuvenation of their Wheel-Trans fleet that provides safe
and reliable transit options for seniors and persons with
disabilities, allowing them to travel with freedom and dignity.
“We responded to TTC’s specific design
requirements by designing a customized bus for TTC’s unique fleet
and operational profile, including many noteworthy features that
will set this fleet apart and provide an unparalleled rider
experience,” said Doug Minix, General Manager, ARBOC.”
The seven-meter low-floor bus is built on the
Dodge ProMaster chassis and was designed specifically for
accessible transit service, with both a curbside wheelchair ramp
and a rear facing wheelchair ramp for random access loading and
unloading, plus improved versatility in urban and rural
routes.”
Enhanced storage methods and foldaway seats lend
to a cavernous passenger compartment for ease, accessibility and
flexibility. Signage, lighting, audio-visual aids, and ride comfort
were all carefully integrated to ensure ridership safety and
comfort.
“We are incredibly proud of the ARBOC team and
local Toronto dealer Creative Carriage who worked together to
respond creatively to the unique needs of TTC’s Wheel-Trans fleet
requirements,” said Paul Soubry, NFI’s President and Chief
Executive Officer. “NFI is honored to support TTC with parts and
services as one of our largest customers. In addition to the
low-floor ARBOC buses, NFI has also recently delivered New Flyer
Xcelsior CHARGE™ battery-electric zero-emission transit buses to
further support zero-emission, sustainable transportation for TTC
and its customers.”
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. It 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 workforce development. Since opening late 2017, the VIC
has hosted over 300 interactive events, welcoming 3,000 industry
professionals for EV and infrastructure training. For more
information, visit newflyer.com/VIC.
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 ten 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. NFI common
shares are traded on the Toronto Stock Exchange under the symbol
NFI. News and information is available at www.nfigroup.com,
www.newflyer.com, www.mcicoach.com, www.arbocsv.com,
www.alexander-dennis.com, and www.nfi.parts.
About ARBOC
ARBOC is North America’s low-floor,
body-on-chassis (“cutaway”) bus leader serving transit, paratransit
and shuttle applications. With more than 4,000 buses produced,
ARBOC leads the low-floor cutaway bus market providing unsurpassed
passenger accessibility and comfort. Providing Equal Access for
Everyone®, ARBOC offers a medium-duty bus for transit and shuttle
applications, the Equess, as a diesel or CNG, or the Equess
CHARGE™, as their first zero-emission battery-electric bus. Further
information is available at www.arbocsv.com.
Forward-Looking Statements
This press release may contain forward-looking
statements relating to expected future events and financial and
operating results of NFI Group 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
NFI Group 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 media inquiries, please contact:Lindy NorrisP:
320.406.3386Lindy_Norris@newflyer.com
For investor inquiries, please contact:Stephen
KingP: 204.224.6382Stephen.King@nfigroup.com
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