NFI subsidiary New Flyer named as partner of choice for more than $338 million in FTA Low- or No-Emission and Buses and Bus Facilities grants
NFI Group Inc.'s subsidiary New Flyer has been named the partner of choice for over $338 million in FTA Low- or No-Emission and Buses and Bus Facilities grants for 2024. This represents a 60% increase from the previous year. The grants, totaling nearly $1.5 billion, were awarded to 117 projects across 47 states, funding approximately 1,150 buses and related infrastructure.
The USDOT prioritized proposals with healthy contracting provisions and reduced customization. New Flyer's partners have shown increased confidence, outpacing last year's awards by over $120 million. NFI continues to lead in zero-emission mobility, with electric vehicles operating or on order in more than 150 cities across six countries, having completed over 195 million EV service miles.
La sussidiaria di NFI Group Inc., New Flyer, è stata scelta come partner per oltre 338 milioni di dollari in finanziamenti FTA per autobus a basse emissioni o senza emissioni e strutture per autobus per il 2024. Questo rappresenta un aumento del 60% rispetto all'anno precedente. I finanziamenti, per un totale di quasi 1,5 miliardi di dollari, sono stati assegnati a 117 progetti in 47 stati, con un finanziamento di circa 1.150 autobus e infrastrutture correlate.
Il USDOT ha priorizzato proposte con buone disposizioni contrattuali e una personalizzazione ridotta. I partner di New Flyer hanno mostrato una maggiore fiducia, superando i premi dell'anno scorso di oltre 120 milioni di dollari. NFI continua a essere leader nella mobilità a zero emissioni, con veicoli elettrici operativi o in ordine in più di 150 città in sei paesi, e avendo completato oltre 195 milioni di miglia di servizio EV.
La subsidiaria de NFI Group Inc., New Flyer, ha sido designada como el socio preferido para más de 338 millones de dólares en subvenciones de FTA para autobuses de bajas o nulas emisiones y facilidades para autobuses para 2024. Esto representa un aumento del 60% con respecto al año anterior. Las subvenciones, que totalizan casi 1.5 miles de millones de dólares, se asignaron a 117 proyectos en 47 estados, financiando aproximadamente 1,150 autobuses y la infraestructura relacionada.
El USDOT dio prioridad a las propuestas con buenas disposiciones contractuales y personalización reducida. Los socios de New Flyer han mostrado una mayor confianza, superando los premios del año pasado por más de 120 millones de dólares. NFI continúa liderando en movilidad sin emisiones, con vehículos eléctricos en operación o en pedido en más de 150 ciudades en seis países, habiendo completado más de 195 millones de millas de servicio EV.
NFI Group Inc.의 자회사인 New Flyer가 2024년 FTA 저배출 또는 무배출 버스 및 버스 시설 보조금으로 3억 3천 8백만 달러에 대한 파트너로 선정되었습니다. 이는 전년 대비 60% 증가한 수치입니다. 총 15억 달러에 달하는 보조금이 47개 주의 117개 프로젝트에 배정되어 약 1,150대의 버스와 관련 인프라가 자금 지원되었습니다.
USDOT는 건강한 계약 조항과 맞춤화 감소를 포함한 제안을 우선시했습니다. New Flyer의 파트너들은 지난해보다 1억 2천만 달러 이상 증가한 수상 실적을 보여주며 더 큰 신뢰를 나타냈습니다. NFI는 여섯 개국의 150개 이상의 도시에서 운영 중이거나 주문 중인 전기차를 보유하며, 1억 9,500만 EV 서비스 마일 이상을 완료하며 제로 에미션 이동수단의 선두주자로 자리 잡고 있습니다.
La filiale de NFI Group Inc., New Flyer, a été choisie comme partenaire pour plus de 338 millions de dollars de subventions FTA pour des autobus à faibles ou zéro émission et des infrastructures de bus pour 2024. Cela représente une augmentation de 60% par rapport à l'année précédente. Les subventions, totalisant près de 1,5 milliard de dollars, ont été attribuées à 117 projets à travers 47 États, finançant environ 1 150 autobus et des infrastructures associées.
Le USDOT a donné la priorité aux propositions avec de bonnes clauses contractuelles et une personnalisation réduite. Les partenaires de New Flyer ont montré une confiance accrue, dépassant les récompenses de l'année dernière de plus de 120 millions de dollars. NFI continue de mener dans la mobilité zéro émission, avec des véhicules électriques en service ou en commande dans plus de 150 villes réparties sur six pays, ayant effectué plus de 195 millions de miles de service EV.
Die Tochtergesellschaft von NFI Group Inc., New Flyer, wurde für über 338 Millionen Dollar als Partner für FTA-Zuschüsse für Niedrig- oder Null-Emission-Busse und Busanlagen für 2024 ausgewählt. Dies entspricht einem Anstieg von 60% im Vergleich zum Vorjahr. Die Zuschüsse, die insgesamt fast 1,5 Milliarden Dollar ausmachen, wurden an 117 Projekte in 47 Bundesstaaten vergeben und finanzieren etwa 1.150 Busse und die dazugehörige Infrastruktur.
Das USDOT hat Vorschläge mit soliden Vertragsbestimmungen und reduzierter Anpassung priorisiert. Die Partner von New Flyer haben ihr Vertrauen gesteigert und die Auszeichnungen des Vorjahres um über 120 Millionen Dollar übertroffen. NFI bleibt führend in der Null-Emission-Mobilität, mit elektrischen Fahrzeugen, die in mehr als 150 Städten in sechs Ländern im Einsatz sind oder bestellt wurden und über 195 Millionen EV-Service-Meilen zurückgelegt haben.
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Total funding amount awarded to US transit agencies who named New Flyer as their partner of choice in 2024 grant applications has increased by
ST. CLOUD, Minn., Aug. 06, 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 mass mobility solutions, subsidiary New Flyer of America Inc. (New Flyer) today announced that it has been named the partner of choice in over
The FTA Low-No grant program was launched in 2015, with the first awards being dispersed in 2016. In combination with the BBF program, the Low-No grant program aims to improve U.S. transit infrastructure while enabling agencies to reduce their environmental impact through the deployment of low- or zero-emission buses.
The awards for this year totaled almost
The
“This year’s Low-No grant cycle affirmed two things: USDOT’s support of resilient, domestic clean bus manufacturing with a healthier contracting environment, and our customers’ confidence in the value of owning a New Flyer bus,” said Jennifer McNeill, Vice President, Public Sector Sales & Marketing, New Flyer and MCI. “Continued investment in low- or zero-emission buses is one of the key factors that allows us to continue driving innovation in the space. We are proud of the knowledge that every day our vehicles contribute to improving lives in communities across America.”
McNeill continued, “US public agencies have used Low-No Grants to procure NFI buses and charging infrastructure for nine consecutive years, every year since the grant was originally awarded. After partnering with grantees receiving nearly
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/c6e7c922-7ead-4fe1-9ce1-55c20ea543f5
FAQ
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