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NFI subsidiary New Flyer awarded largest hydrogen fuel cell-electric contract in company history, 108 buses to California’s SamTrans

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NFI Group Inc.'s subsidiary New Flyer of America Inc. has secured its largest single fuel cell bus order in company history. The firm order is for 108 zero-emission hydrogen fuel cell-electric Xcelsior CHARGE FC™ 40-foot transit buses from San Mateo County Transit (SamTrans). This order was added to New Flyer's backlog in Q2 2024, with firm orders placed over the second and third quarters.

SamTrans will use these cutting-edge hydrogen buses to replace their diesel fleet, supporting their transition to a zero-emission fleet to meet California's sustainability targets. The purchase is funded through a combination of Federal Transit Administration (FTA) funds, California's HVIP vouchers, and local funds. This order will help SamTrans meet both California's ICT regulation for 100% zero-emission bus fleets by 2040 and U.S. greenhouse gas emissions targets.

La sussidiaria della NFI Group Inc., New Flyer of America Inc., ha ottenuto il suo più grande ordine singolo di autobus a celle a combustibile nella storia dell'azienda. L'ordine fermo riguarda 108 autobus di linea da 40 piedi Xcelsior CHARGE FC™ elettrici a celle a combustibile a idrogeno a zero emissioni da parte del Transito della Contea di San Mateo (SamTrans). Questo ordine è stato aggiunto al backlog di New Flyer nel secondo trimestre del 2024, con ordini fermi effettuati durante il secondo e il terzo trimestre.

SamTrans utilizzerà questi autobus a idrogeno all'avanguardia per sostituire la loro flotta di diesel, supportando la loro transizione verso una flotta a zero emissioni per rispettare gli obiettivi di sostenibilità della California. L'acquisto è finanziato attraverso una combinazione di fondi dell'Amministrazione Federale dei Trasporti (FTA), voucher HVIP della California e fondi locali. Questo ordine aiuterà SamTrans a soddisfare sia il regolamento ICT della California per flotte di autobus 100% a zero emissioni entro il 2040 sia gli obiettivi di emissioni di gas serra degli Stati Uniti.

La subsidiaria de NFI Group Inc., New Flyer of America Inc., ha asegurado su mayor pedido único de autobuses de celdas de combustible en la historia de la empresa. El pedido firme es de 108 autobuses de tránsito eléctricos de celdas de combustible de hidrógeno Xcelsior CHARGE FC™ de 40 pies del Transito del Condado de San Mateo (SamTrans). Este pedido se añadió al backlog de New Flyer en el segundo trimestre de 2024, con pedidos firmes realizados durante el segundo y tercer trimestres.

SamTrans utilizará estos autobuses de hidrógeno de última generación para reemplazar su flota de diésel, apoyando su transición hacia una flota de cero emisiones para cumplir con los objetivos de sostenibilidad de California. La compra está financiada a través de una combinación de fondos de la Administración Federal de Transporte (FTA), vales HVIP de California y fondos locales. Este pedido ayudará a SamTrans a cumplir tanto con la regulación ICT de California para flotas de autobuses 100% de cero emisiones para 2040 como con los objetivos de emisiones de gases de efecto invernadero de EE. UU.

NFI 그룹 Inc.의 자회사인 뉴 플라이어 오브 아메리카 Inc.가 회사 역사상 가장 큰 단일 연료 전지 버스 주문을 확보했습니다. 이 확정 주문은 샌 마테오 카운티 교통국(SamTrans)으로부터 108대의 40피트 제로 배출 수소 연료 전지 전기 Xcelsior CHARGE FC™ 버스에 대한 것입니다. 이 주문은 2024년 2분기에 뉴 플라이어의 백로그에 추가되었으며, 2분기와 3분기에 걸쳐 확정 주문이 이루어졌습니다.

샌트랜스는 디젤 차량을 대체하기 위해 최첨단 수소 버스를 사용할 것이며, 캘리포니아의 지속 가능성 목표를 달성하기 위해 제로 배출 차량으로의 전환을 지원합니다. 이 구매는 연방교통청(FTA) 기금, 캘리포니아의 HVIP 바우처 및 지역 기금을 통해 자금을 지원받습니다. 이 주문은 샌트랜스가 2040년까지 캘리포니아의 100% 제로 배출 버스 플릿을 위한 ICT 규정을 준수하고, 미국의 온실가스 배출 목표를 충족하는 데 도움을 줄 것입니다.

La filiale de NFI Group Inc., New Flyer of America Inc., a sécurisé sa plus grande commande unique de bus à hydrogène à piles à combustible dans l'histoire de l'entreprise. La commande ferme concerne 108 bus de transit à hydrogène électrique Xcelsior CHARGE FC™ de 40 pieds à zéro émission du San Mateo County Transit (SamTrans). Cette commande a été ajoutée au carnet de commandes de New Flyer au deuxième trimestre de 2024, avec des commandes fermes passées au cours des deuxième et troisième trimestres.

SamTrans utilisera ces buses à hydrogène à la pointe de la technologie pour remplacer sa flotte diesel, soutenant leur transition vers une flotte à zéro émission afin de répondre aux objectifs de durabilité de la Californie. L'achat est financé par une combinaison de fonds de l'Administration fédérale des transports (FTA), de bons HVIP de Californie et de fonds locaux. Cette commande aidera SamTrans à respecter à la fois la réglementation ICT de la Californie pour les flottes de bus 100 % à zéro émission d'ici 2040 et les objectifs d'émissions de gaz à effet de serre des États-Unis.

Die Tochtergesellschaft von NFI Group Inc., New Flyer of America Inc., hat ihre größte Einzelbestellung von Wasserstoff-Brennstoffzellenbussen in der Unternehmensgeschichte gesichert. Die feste Bestellung umfasst 108 emissionfreie Wasserstoff-Brennstoffzellen-Elektro-Xcelsior CHARGE FC™-40-Fuß-Stadtbusse von Sam Mateo County Transit (SamTrans). Diese Bestellung wurde im 2. Quartal 2024 in den Auftragsbestand von New Flyer aufgenommen, wobei feste Bestellungen im zweiten und dritten Quartal aufgegeben wurden.

SamTrans wird diese modernen Wasserstoffbusse zur Ablösung ihrer Diesel-Flotte nutzen und damit ihren Übergang zu einer emissionsfreien Flotte unterstützen, um Californias Nachhaltigkeitsziele zu erreichen. Der Kauf wird durch eine Kombination aus Mitteln der Federal Transit Administration (FTA), Kaliforniens HVIP-Gutscheinen und lokalen Mitteln finanziert. Diese Bestellung wird SamTrans dabei helfen, sowohl den ICT-Regulierungen Californias für eine 100% emissionsfreie Busflotte bis 2040 als auch den Zielvorgaben für Treibhausgasemissionen der USA gerecht zu werden.

Positive
  • Largest single fuel cell bus order in New Flyer's history (108 buses)
  • Added to New Flyer's backlog in Q2 2024
  • Helps meet California's zero-emission fleet targets and U.S. greenhouse gas emissions goals
  • Funded through a combination of federal, state, and local sources
Negative
  • None.

Xcelsior CHARGE FC

ST. CLOUD, Minn., Oct. 21, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leading independent bus and coach manufacturer and a leader in zero-emission electric mobility solutions, subsidiary New Flyer of America Inc. (New Flyer), today announced a new firm order for 108 zero-emission hydrogen fuel cell-electric Xcelsior CHARGE FC 40-foot transit buses from San Mateo County Transit (SamTrans), marking the largest single fuel cell bus order in New Flyer’s history. The contract for 108 buses was added to New Flyer’s backlog in Q2 2024, with firm orders placed over the second and third quarters.

SamTrans provides transportation services in San Mateo County, extending its reach to San Francisco and Palo Alto, California, delivering close to nine million bus rides across an extensive network of 74 bus routes.

This investment in fuel cell-electric buses accelerates SamTrans’ journey towards net-zero and is made possible through combined funding from the Federal Transit Administration (FTA), California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) vouchers, and local funds. These cutting-edge hydrogen buses will replace SamTrans' diesel buses and support the agency’s transition to a zero-emission fleet to meet sustainability targets defined by the California Air Resources Board’s (CARB’s) Innovative Clean Transit (ICT) regulation, requiring agencies to transition bus fleets to 100% zero-emission by 2040. This purchase will also help SamTrans to meet the U.S. greenhouse gas emissions targets of 50-52% below 2005 levels by 2030.

“Our partnership with SamTrans spans nearly 35 years,” said Chris Stoddart, President, North American Bus and Coach, NFI. “During that time, New Flyer has delivered more than 175 buses, 27 of which were zero-emission. The technology advancements included in this next-generation vehicle will drive a high level of performance while delivering a reduction in environmental impact and improvements to air quality for the community.”

“Our zero-emission fleet demonstrates SamTrans’ commitment towards reducing the impact of transportation on air quality and our climate by reducing greenhouse gases in our communities, which further supports our mission to provide safe, equitable and sustainable transportation for our riders,” said Tasha Bartholomew, Communications Manager, SamTrans.

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 195 million EV service miles.

Today, NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through its mobility solution ecosystem, which includes buses and coaches; infrastructure; parts and service; technology; workforce development and training; and vehicle financing. 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, the VIC has hosted over 400 interactive events, welcoming 9,000 industry professionals for EV and infrastructure training.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With over 8,750 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.

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 NFI 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 Statement

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. 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 customers to purchase buses and to purchase parts or services; customers may not exercise options to purchase additional buses; the ability of customers to suspend or terminate contracts for convenience; production may be delayed or production rates may be decreased as a result of ongoing and future supply chain disruptions and shortages of parts and components, shipping and freight delays, and disruption to and shortage of labor supply; and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca.

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.

For investor and media inquiries, please contact: 
Stephen King 
P: 204.792.1300 
Stephen.King@nfigroup.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2317b4b1-9d8b-45db-9bfd-6f02a777a79a


FAQ

How many hydrogen fuel cell-electric buses did SamTrans order from New Flyer?

SamTrans ordered 108 zero-emission hydrogen fuel cell-electric Xcelsior CHARGE FC™ 40-foot transit buses from New Flyer.

When was the order for 108 buses added to New Flyer's backlog?

The order for 108 buses was added to New Flyer's backlog in Q2 2024, with firm orders placed over the second and third quarters.

How does this order help SamTrans meet environmental regulations?

This order helps SamTrans meet California's ICT regulation requiring 100% zero-emission bus fleets by 2040 and U.S. greenhouse gas emissions targets of 50-52% below 2005 levels by 2030.

What is the stock symbol for NFI Group Inc. on the OTC market?

The stock symbol for NFI Group Inc. on the OTC market is NFYEF.

NFI GROUP INC

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