San Diego’s MTS selects NFI for up to 473 low-emission and zero-emission buses in The Canadian Business Journal

st. CLOUD, Minnesota, November 30, 2022 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”) is a leading independent bus and coach manufacturer and leader in electric mass mobility solutions. Transit buses from the San Diego Metropolitan Transit System (“MTS”) with additional options for up to 432 buses. In total, NFI adds 617 Equivalent Units (“EU”) to its backlog from firm and option orders. These units were included in NFI’s pending awards at the end of Q3 2022. A firm order includes:

• 28 Excelsior^® Compressed Natural Gas (“CNG”) 40 foot large transit bus, and
• 13 Xcelsior CHARGE NG™ Battery powered 40ft heavy duty transport bus.

The 5-year contract includes the option to purchase 40ft and 60ft Xcelsior.^® CNG Bus, 40ft and 60ft Xcelsior CHARGE NG^™ battery electric bus.

The MTS is one of Southern California’s oldest transportation systems, serving the San Diego community for over 135 years. MTS operates one of the cleanest public transit systems in the United States, transporting 88 million passengers annually throughout San Diego County on approximately 100 fixed bus routes.

Backed by Federal Transportation Administration (“FTA”) funding, the order will help MTS achieve its goal of transitioning to a zero-emission fleet as outlined in its multi-year “Zero Emission Bus Deployment Plan.” . Additionally, the purchase fulfills the California Air Resources Board’s (“CARB”) innovative clean transit regulations, requiring agencies to transition to 100% ZEB vehicles by 2040.

MTS Chief Executive Officer Sharon Cooney said: “The NFI will need to step up significantly to meet the demand to transition all bus fleets to zero emissions by 2040. As they continue to improve their bus zero emission technology and performance, I We are confident that our transition will be successful.”

Chris Stoddart, NFI’s North American Bus and Coach President, said: “Through our nearly 30-year partnership, NFI has delivered over 840 buses and coaches to MTS. We are excited to continue working together to support Emission Bus. Together, we are building healthier, livable communities across San Diego.”

All new flyers are equipped with zero-emission Excelsior CHARGE NG^™ Buses with next-generation long-range batteries offering Xcelsior CHARGE NG^™ With up to 763kWh and 654kWh of power respectively, the 60ft and 40ft buses will ultimately deliver high performance, energy efficient and long range battery electric buses.

Built on New Flyer’s proven Xcelsior^® Platform, Xcelsior CHARGE NG^™ The bus incorporates three distinct technological advancements, including high-energy batteries, a highly protective battery package that is easy to install and maintain, and a new lightweight electric traction drive system with up to 90% energy recovery. . For more information, visit newflyer.com/ng.

new flyer excelsior^® CNG buses emit virtually no visible particulate matter, providing cleaner, more breathable air for communities. His CNG buses in the new Flyer comply with the Environmental Protection Agency and National Highway Traffic Safety Administration’s comprehensive Large National Program to reduce greenhouse gas emissions and fuel consumption for large highway vehicles. For more information, visit newflyer.com/cng.

NFI is a leader in zero-emission mobility, operating (or ordering) electric vehicles in more than 120 cities in six countries. NFI offers a wide range of zero-emission battery and fuel cell electric buses and coaches, and its vehicles have completed over 85 million EV service miles.

Today, NFI delivers scalable, clean and sustainable mobility solutions to support growing North American cities 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, VIC has hosted more than 300 of his interactive events, and he has hosted 5,000 industry professionals for EV and infrastructure training.

About NFIs

Leveraging 450 years of combined experience, NFI leads the electrification of mass mobility around the world. NFI uses zero-emission buses and coaches, infrastructure, and technology to meet today’s cities’ demand for scalable smart mobility solutions. NFIs work together to make cities more livable through connected, clean and sustainable transportation.

With 7,500 team members in 9 countries, NFI is the world’s leading bus manufacturer with New Flyer branded mass mobility solutions.^® (large route bus), MCI^® (large buses), Alexander Dennis Limited (single and double decker buses), Plaxton (large buses), ARBOC^® (low-floor cutaway, medium-sized bus), NFI parts^™NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, fuel cell), natural gas, electric hybrids and clean diesel. In total, NFI supports an installed base of over 105,000 buses and coaches worldwide. NFI’s common stock trades on the Toronto Stock Exchange (“TSX”) under the symbol NFI and its convertible debentures trade on the TSX under the symbol NFI.DB. 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 Available. .

About New Flyer

New Flyer is a leader in heavy transit buses in North America and offers a cutting edge product line under Xcelsior.^® Excelsior CHARGE^® brand. We also offer infrastructure development with NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable and reliable charging and mobility solutions. New Flyer actively supports over 35,000 large transit buses (New Flyer, NABI, and Orion) currently in operation. Of these, 8,600 are powered by electric motors and battery propulsion, and 1,900 are zero-emission. For more information, please visit www.newflyer.com.

Forward-Looking Statements

This press release may contain forward-looking statements regarding the 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 on what management believes to be reasonable assumptions, investors do not believe that actual results will match these forward-looking statements. cannot be guaranteed and differences may be material. Actual results may vary depending on market and general economic conditions, the funds with which customers purchase buses, parts and services. For a variety of reasons, including potential funding, the results may differ materially from management’s expectations set forth in such forward-looking statements. Customers cannot exercise the option to purchase additional buses. that the Customer may suspend or terminate the Agreement for convenience; Production may be delayed or reduce production rates as a result of the pandemic or ongoing and future supply chain disruptions and shortages of parts and components, shipment and cargo delays, and labor supply disruptions. Other risks and uncertainties are filed with the Canadian securities regulators and described in his SEDAR materials available at www.sedar.com.

Due to the potential impact of these factors, 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. deny.

Media Inquiries:
Amanda Wanke
Phone: 515.474.1704
[email protected]

For investor inquiries, please contact:
Stephen King
Phone: 204.224.6382
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22f6e4ef-bdac-4a94-9d1b-d2c1343be682.

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