More news...more orders.... This stock should be +50 bucks !
MIDDLEBURY, Ind., July 21, 2021 (GLOBE NEWSWIRE) -- (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.