ST. CLOUD, Minn., June 22, 2020 /CNW/ - (TSX: NFI) New Flyer
of America Inc. ("New Flyer"), a subsidiary of NFI Group Inc.
("NFI"), one of the world's leading independent global bus
manufacturers, announced it was named as a partner of choice by 12
major transit agencies across America for their successful project
awards through the Federal Transit Administration's ("FTA") Low or
No Emission ("Low-No") Grant Program.
The 2020 Low-No program selections, announced earlier this
month, resulted in New Flyer's best ever showing as an electric bus
manufacturing partner of choice. Started in 2015, the Low-No grant
program is administered through a competitive application process,
and exists to support the nation's transition to the lowest
polluting and most energy efficient transit vehicles using advanced
propulsion technology, which improves air quality and migrates
riders to clean and reliable mobility. Funding can be used to
purchase or lease zero-emission and low-emission transit buses,
including acquisition, construction, and leasing of required
supporting facilities.
Following the FTA Notice of Funding Opportunity, New Flyer
supported successful grant applications for $30 million in grants awarded to 12 agencies.
Grant funds will support agencies in procuring zero-emission buses
and charging infrastructure. For information on the FTA 2020 Low-No
selections, visit transit.dot.gov/funding/. Any orders
resulting from these grant awards will be added to New Flyer's
backlog as contracts are executed with each agency.
"New Flyer is proud to be the partner of choice by several
leading U.S. transit agencies through the 2020 FTA Low-No program,
and to support their expansion of zero-emission mobility," said
Chris Stoddart, New Flyer's
President. "We've led innovation in North American public transit
for decades, and today we stand ready with buses, infrastructure,
and technology to help communities transition to zero-emission
mobility. Together with agencies across America, we're delivering
cleaner air, quieter streets, more efficient transit, and a better
quality of life."
Designed on the proven Xcelsior® bus platform, New
Flyer offers zero-emission mobility through its battery-electric
Xcelsior CHARGE™ (in 35, 40, and 60-foot lengths) and its fuel
cell-electric Xcelsior CHARGE H2™ (in 40 and 60-foot lengths). New
Flyer also supports zero-emission deployments through New Flyer
Infrastructure Solutions™, providing safe and reliable services for
sustainable mobility projects. Its full-suite infrastructure
service includes support, planning, project management,
engineering, construction, energy optimization, and commissioning
to help ensure a successful transition to zero-emission mobility.
Since its launch in January 2019, New
Flyer Infrastructure Solutions has installed over 100 smart
chargers across North America. For
information on New Flyer's zero-emission buses, visit
newflyer.com/CHARGE or newflyer.com/CHARGEH2. For information on
New Flyer Infrastructure Solutions™
visit newflyer.com/infrastructuresolutions.
New Flyer has been leading innovation in mobility for 90 years,
today supporting North American cities with sustainable buses,
technology, and infrastructure. It also operates the Vehicle
Innovation Center, the first and only innovation lab of its kind
dedicated to advancing bus technology and providing workforce
development through electric bus training. New Flyer was the first
bus manufacturer in the world to sign on to the Shared Mobility
Principles for Livable Cities, and is currently developing
automated bus technology to improve safety in public transit.
About NFI
With 9,000 team members operating from more than 50 facilities
across ten countries, NFI is a leading independent global bus
manufacturer providing a comprehensive suite of mass transportation
solutions under brands: New Flyer® (heavy-duty transit
buses), Alexander Dennis Limited (single and double-deck buses),
Plaxton (motor coaches), MCI® (motor coaches),
ARBOC® (low-floor cutaway and medium-duty buses), and
NFI Parts™. NFI buses and motor coaches incorporate the widest
range of drive systems available including: clean diesel, natural
gas, diesel-electric hybrid, and zero-emission electric (trolley,
battery, and fuel cell). In total, NFI now supports over
105,000 buses and coaches currently in service around the world.
NFI common shares are traded on the Toronto Stock Exchange under
the symbol NFI. News and information are available at
www.nfigroup.com, www.newflyer.com, www.mcicoach.com,
www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.
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 New Flyer
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
www.newflyer.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
which reflect the expectations of management regarding NFI's and
New Flyer's future growth, performance, business prospects and
sales opportunities. These forward-looking statements reflect
management's current expectations regarding future events,
operating performance and opportunities and speak only as of the
date of this press release. Forward-looking statements involve
significant risks and uncertainties, should not be read as
guarantees of future events, performance or results, and will not
necessarily be accurate indications of whether or not or the times
at or by which such events, performance or results will be
achieved. 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
transit agencies to purchase buses, parts or services; the COVID-19
pandemic will likely adversely affect operations of transit
agencies and may adversely impact or delay decisions to purchase
buses and services and adversely impact or delay the match portion
of funding for which transit agencies are responsible to purchase
buses and services; there is no guarantee that transit agencies
awarded grants under the Low-No Grant Program will award contracts
or draw upon all or any of the grant funds awarded to purchase
buses, products or services from NFI or New Flyer or from any other
original equipment manufacturer; transit agencies are not obligated
to use the Low-No Grant funds awarded to only purchase transit
buses, products or services or to purchase transit buses, products
or services exclusively from New Flyer; the fleet and
infrastructure plans of transit agencies may change or require
different technologies than those that were originally included in
the Low-No Grant proposal; the transit agency desiring to utilize a
Low-No Grant and New Flyer may be unable to agree on contractual
terms for the purchase of buses and/or services; transit agencies
may not exercise options to purchase additional buses or services;
transit agencies typically have the ability to suspend or terminate
contracts for convenience; and the other risks and uncertainties
discussed in the materials filed with the Canadian securities
regulatory authorities and available on SEDAR at www.sedar.com. Due
to the potential impact of these factors, NFI 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
SOURCE New Flyer of America Inc.