Southern Nevada's RTC orders 24 additional high-capacity buses from NFI
Southern Nevada's RTC orders 24 additional high-capacity buses from NFI
ST. CLOUD, Minn., Feb. 07, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI"), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Regional Transportation Commission of Southern Nevada ("RTC") has exercised options for 24 Xcelsior® compressed natural gas ("CNG") 60-foot, heavy-duty transit buses (48 equivalent units or "EUs"), converted from its subsidiary New Flyer of America Inc. ("New Flyer")'s backlog in Q4 2022.
RTC is a regional entity overseeing public transportation, traffic management, and roadway design and construction funding for Southern Nevada. RTC's public transit system delivers more than 64 million annual passenger rides in the greater Las Vegas Valley. The options are part of a five-year contract with RTC announced in 2021 for up to 130 Xcelsior CNG sixty-foot buses, supported by Federal Transit Administration ("FTA") funds.
"New Flyer is a leader in low- and no-emission mobility, with more than 13,000 CNG buses on the roads across North America. For over 30 years, RTC has partnered with New Flyer to deliver more than 820 buses, nearly half of which were CNG propulsion," said Chris Stoddart, President, North American Bus and Coach, NFI. "Each low-emission, quiet Xcelsior CNG bus emits 90% less nitrogen oxide compared to traditional diesel engines. Together with RTC, we are creating a more livable, connected, and healthy Las Vegas Valley community."
New Flyer's Xcelsior CNG buses eliminate the need for particulate filters and regeneration cycles, ultimately lending more breathable air to the community. New Flyer CNG buses conform to the EPA and NHTSA comprehensive Heavy-Duty National Program that reduces greenhouse gas emissions and fuel consumption for heavy-duty highway vehicles. To learn more, visit newflyer.com/cng.
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. 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 workforce 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
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 7,500 team members in nine 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. The Shares are traded on the Toronto Stock Exchange under the symbol NFI and NFI's convertible unsecured debentures trade on the Toronto Stock Exchange under the symbol NFI.DB. News and information is available at , , , , , , and .
About New Flyer
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. 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. Further information is available at .
Forward-Looking Statement 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; production may be delayed or production rates may be decreased as a result of the pandemic or ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at .
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: Amanda Wanke P: 515.474.1704 Amanda_Wanke@newflyer.com
For investor inquiries, please contact: Stephen King P: 204.224.6382 Stephen.King@nfigroup.com
A photo accompanying this announcement is available at
Southern Nevada's RTC orders 24 additional high-capacity buses from NFI
南内华达州RTC向NFI额外订购24辆大容量公交车
Southern Nevada's RTC orders 24 additional high-capacity buses from NFI
南内华达州RTC向NFI额外订购24辆大容量公交车
ST. CLOUD, Minn., Feb. 07, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI"), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Regional Transportation Commission of Southern Nevada ("RTC") has exercised options for 24 Xcelsior® compressed natural gas ("CNG") 60-foot, heavy-duty transit buses (48 equivalent units or "EUs"), converted from its subsidiary New Flyer of America Inc. ("New Flyer")'s backlog in Q4 2022.
圣彼得堡。明尼苏达州克劳德，2023年2月7日(Global Newswire)-(多伦多证券交易所：NFI，场外交易：NFYEF，多伦多证券交易所：NFI.DB)NFI Group Inc.是一家领先的独立客车和客车制造商，也是电动大众移动解决方案的领导者，该公司今天宣布，南内华达州地区运输委员会(RTC)已经行使了24Xcelsior的选择权® 压缩天然气(“CNG”)60英尺重型公交巴士(48个等值单位或“单位”)，改装自其子公司New Flyer of America Inc.(“New Flyer”)在2022年第四季度的积压。
RTC is a regional entity overseeing public transportation, traffic management, and roadway design and construction funding for Southern Nevada. RTC's public transit system delivers more than 64 million annual passenger rides in the greater Las Vegas Valley. The options are part of a five-year contract with RTC announced in 2021 for up to 130 Xcelsior CNG sixty-foot buses, supported by Federal Transit Administration ("FTA") funds.
"New Flyer is a leader in low- and no-emission mobility, with more than 13,000 CNG buses on the roads across North America. For over 30 years, RTC has partnered with New Flyer to deliver more than 820 buses, nearly half of which were CNG propulsion," said Chris Stoddart, President, North American Bus and Coach, NFI. "Each low-emission, quiet Xcelsior CNG bus emits 90% less nitrogen oxide compared to traditional diesel engines. Together with RTC, we are creating a more livable, connected, and healthy Las Vegas Valley community."
New Flyer's Xcelsior CNG buses eliminate the need for particulate filters and regeneration cycles, ultimately lending more breathable air to the community. New Flyer CNG buses conform to the EPA and NHTSA comprehensive Heavy-Duty National Program that reduces greenhouse gas emissions and fuel consumption for heavy-duty highway vehicles. To learn more, visit newflyer.com/cng.
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. 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 workforce development. Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.
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 7,500 team members in nine 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. The Shares are traded on the Toronto Stock Exchange under the symbol NFI and NFI's convertible unsecured debentures trade on the Toronto Stock Exchange under the symbol NFI.DB. News and information is available at , , , , , , and .
NFI在9个国家拥有7500名团队成员，是全球领先的大众移动解决方案制造商，旗下品牌为New Flyer®(重型公共汽车)，MCI®(客车)、Alexander Dennis Limited(单层和双层巴士)、Plaxton(客车)、ARBOC®(低地板横切式和中型客车)，以及国家公路交通安全管理局™部件。NFI目前提供最广泛的可持续驱动系统，包括零排放电动(手推车、电池和燃料电池)、天然气、电动混合动力和清洁柴油。总体而言，NFI支持其在世界各地安装的超过105,000辆公交车和客车。这些股票在多伦多证券交易所的交易代码为NFI，NFI的可转换无担保债券在多伦多证券交易所的交易代码为NFI.DB。
About New Flyer
关于新传单
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. 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. Further information is available at .
New Flyer是北美重型公交巴士的领导者，提供Xcelsior旗下最先进的产品线®和Xcelsior指控®品牌。它还通过NFI Infrastructure Solutions™提供基础设施开发，这是一项致力于提供安全、可持续和可靠的充电和移动解决方案的服务。New Flyer积极支持35000多辆正在使用的重型公交巴士(New Flyer、Nabi和Orion)，其中8600辆由电机和电池推进提供动力，1900辆为零排放。欲了解更多信息，请访问。
Forward-Looking Statement 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; production may be delayed or production rates may be decreased as a result of the pandemic or ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at .
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.
