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NFI Group Inc T.NFI

Alternate Symbol(s):  NFYEF | T.NFI.DB

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).


TSX:NFI - Post by User

Post by Betteryear2on Nov 17, 2021 7:43am
224 Views
Post# 34135107

New York’s NICE orders up to 36 buses

New York’s NICE orders up to 36 buses

ST. CLOUD, Miss., Nov. 17, 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 electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. has received new contract from the Nassau Inter County Express (“NICE”) for six battery-electric Xcelsior CHARGE NG40-foot transit buses. The five-year contract includes options for up to 30 battery-electric Xcelsior CHARGE NG 40-foot transit buses.

With the order, NICE becomes the seventh agency in New York State to purchase zero-emission buses from New Flyer. NICE is the local bus system serving Nassau County, parts of western Suffolk County, and eastern portions Queens, New York, providing over 20 million passenger trips per year.

“NFI is steadily increasing its EV presence on the east coast, and this is directly due to aggressive zero-emission leadership and action by transit agencies across New York State,” said Paul Soubry, President and Chief Executive Officer, NFI. “NICE is an established leader in sustainable mobility and continues to build momentum. Since 2015, NFI has delivered 115 low-emission compressed natural gas buses to NICE. Together, through the transition from low to zero-emission mobility, we’re building cleaner, quieter, more livable communities across Long Island – with the added benefit of each EV delivering up to $125,000 in maintenance savings and up to $400,000 in fuel savings over its 12-year vehicle lifespan. This is smart mobility in motion.”

New Flyer’s Xcelsior CHARGE NG™ battery-electric buses provide up to 525kWh of power and 250 miles of range on a single charge. Introduced in 2021, the Xcelsior CHARGE NG bus incorporates three distinct technology advancements, including high-energy batteries that extend range up to 13%, advanced protective battery packaging for easy install and simpler serviceability, and a new lightweight electric traction drive system with up to 90% energy recovery. For more information, visit newflyer.com/ng

“Nassau Inter-County Express has selected New Flyer as our new battery-electric bus vendor,” said Jack Khzouz, Chief Executive Officer, NICE. “We plan on deploying these energy-efficient vehicles for the launch of our new bus rapid transit (BRT) system, which will provide Nassau County with zero emissions travel between new lifestyle and employment centers. They will help NICE improve accessibility and connectivity within Nassau County.”

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 80 cities in five countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and the Company’s vehicles have completed over 50 million EV service miles.

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 late 2017, the VIC has hosted over 300 interactive events, welcoming 4,000 industry professionals for EV and infrastructure training.
 

https://www.globenewswire.com/news-release/2021/11/17/2336255/0/en/New-York-s-NICE-orders-up-to-36-zero-emission-Xcelsior-CHARGE-NG-transit-buses-from-NFI-s-New-Flyer.html
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