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ADL, a subsidiary of NFI, welcomes ScotZEB’s funding for 137 Scottish zero-emission buses. CanadianBusinessJournal

Larbert, Scotland, February 28, 2022 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc, a leading manufacturer of independent and long-haul buses and a leader in electrical mass mobility solutions. (“NFI”) today welcomed the announcement of £ 62m funding by the Scottish Government. Became a bus operator through Phase 1 of the Scottish Zero Emission Bus Challenge Fund (“ScotZEB”).

The purpose of ScotZEB is to drive significant changes in the bus market in favor of zero emission technology, creating sustainable and comprehensive growth. By supporting the rapid transition to zero-emission vehicles and infrastructure, the fund will help reduce greenhouse gas emissions, achieve low-emission zones, and increase inward investment and growth in the zero-emission vehicle supply chain. It aims to help achieve the goal of promoting. Scottish energy solutions with relevant employment, economic and social benefits.

The proposal for 137 zero-emission buses was successful, and ADL was proposed as a target supplier. Currently, ADL is working with the winners to sign a contract for these electric buses built by Falkirk’s ADL. They help support not only skilled work, but also company apprenticeships and graduate programs. ADL is also working to improve the skills of its team with green technology and continues to invest in the future of team members through the opportunity to develop their expertise.

ScotZEB raised two rounds of funding under its predecessor, the Scottish Ultra-Low Emissions Bus Scheme (“SULEBS”), in September 2020 and March 2021, with bus operators ordering 207 electric buses from ADL. I made it possible.

“The Scottish Government continues to set an example in supporting the bus industry, and the ScotZEB Challenge Fund supports our joint business model of working closely with operators, infrastructure partners, and stakeholders.” Paul Davies, President and Chief Executive Officer, said. ADL. “We are pleased to have successfully bid on 137 zero-emission buses during this phase. These zero-emission buses will be manufactured at the Falkirk plant so that this Scottish government investment will be made domestically. We will be able to realize the benefits to our team members and the entire community. We are very much looking forward to working with successful operators to finalize the terms and work on these buses. “

NFI is a leader in zero-emission mobility, with electric vehicles operating (or ordered) 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 its vehicles have completed over 50 million EV service miles.

Today, NFI supports cities in North America growing with scalable, clean and sustainable mobility solutions through a four-pillar approach that includes buses and long-distance buses, technology, infrastructure, and workforce development. NFI also operates the Vehicle Innovation Center (“VIC”), the first and only innovation lab of its kind, specializing in the advancement of bus and long-distance bus technology and the provision of workforce development. Since opening in late 2017, VIC has hosted more than 300 interactive events and welcomed 5,000 industry experts for EV and infrastructure training.

Description of future prospects

This press release contains statements regarding specific future prospects that reflect management’s expectations of future growth, business prospects, and sales opportunities for NFI and ADL. These forward-looking statements reflect management’s current expectations of future events and opportunities and are only stated as of the date of this press release. Forward-looking statements carry significant risks and uncertainties and should not be read as a guarantee of future events, achievements, or outcomes, and whether such events, achievements, or outcomes occur. Or it does not always indicate exactly when it will occur. Achieved. Actual results are expected by management expectations in these forward-looking statements for a variety of reasons, including market and general economic conditions, economic conditions for transportation bus purchases and funding potential. May differ significantly from. The COVID-19 pandemic can adversely affect the operation of transportation and can adversely affect or delay the purchase decision for buses and services. There is no guarantee that transit operators funded under the Scottish Zero Emission Bus Challenge Fund will use all or part of the funds awarded to purchase buses from ADL or other OEMs. Transportation operators are not obliged to purchase a fixed-route bus exclusively from ADL. Transportation operators wishing to use government funds and ADL may not be able to agree on terms and conditions for purchasing a bus. Other risks and uncertainties submitted by the NFI to the Canadian Securities Regulatory Authority and described in the material available at SEDAR (www.sedar.com). Due to the potential impact of these factors, NFI and ADL disclaim any intention or obligation to update or revise any forward-looking statement as new information, future events, or otherwise, unless required by applicable law. To do.

About NFI

Combining 450 years of experience, NFI is a leader in the electrification of mass mobility around the world. With zero-emission buses and long-distance buses, infrastructure and technology, NFI meets today’s urban demand for scalable smart mobility solutions. NFI is working together to create a more livable city through connected, clean and sustainable transportation.

NFI is one of the world’s leading bus manufacturers providing mass mobility solutions under the brand New Flyer, with 8,000 team members in nine countries.® (Large route bus), MCI® (Large Bus), Alexander Dennis Limited (Single and Double Deck Bus), Plaxton (Large Bus), ARBOC® (Low-floor cutaways and medium-sized buses), and NFI Parts ™. NFI currently offers the widest range of sustainable drive systems available, including zero emission electricity (trolleys, batteries, fuel cells), natural gas, electric hybrids and clean diesel. In total, NFI supports the installation base of over 105,000 buses and coaches worldwide. NFI common stock is traded on the Toronto Stock Exchange (“TSX”) under the NFI symbol, and its convertible bonds are traded on the TSX under the NFI.DB symbol. News and information at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.com You can get it. ..

About Alexander Dennis

Alexander Dennis Limited (“ADL”) is a world leader in the design and manufacture of double-decker buses and is also the UK’s largest manufacturer of buses and coaches. ADL offers single-deck and double-deck vehicles under the Alexander Dennis and Plaxton brands, with more than 31,000 vehicles in the United Kingdom, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada and the United States. For more information, please visit www.alexander-dennis.com.

For media inquiries, please contact:
Stephen Baguette
P: +44 1324 678047
stefan.baguette@alexander-dennis.com

For inquiries from investors, please contact the following.
Stephen king
P: 204.224.6382
Stephen.King@nfigroup.com

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1689dd86-2cfe-4543-b4d9-2b6431add154.


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ADL, a subsidiary of NFI, welcomes ScotZEB’s funding for 137 Scottish zero-emission buses. CanadianBusinessJournal

Source link ADL, a subsidiary of NFI, welcomes ScotZEB’s funding for 137 Scottish zero-emission buses. CanadianBusinessJournal

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