New Flyer

California’s Foothill Transit to add 12 Enviro500EV double deck zero-emission buses from NFI subsidiary Alexander Dennis

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火曜日, 2月 20, 2024
Acquisition, Silver, Buy, EV, Foothill Transit, The Silver Streak, OTC, TSX, Transport, NFI, New Flyer Xcelsior, Buy America Act, City, New Flyer, Silver Streak

LARBERT, United Kingdom, Feb. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced it has been awarded a contract to build 12 new battery-electric Enviro500EV double deck buses for California customer Foothill Transit.

Key Points: 
  • LARBERT, United Kingdom, Feb. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary Alexander Dennis Limited (Alexander Dennis) today announced it has been awarded a contract to build 12 new battery-electric Enviro500EV double deck buses for California customer Foothill Transit.
  • Committed to innovation and sustainability, Foothill Transit strives to provide reliable and eco-friendly transportation solutions for the communities it serves.
  • Its flagship Silver Streak route to downtown Los Angeles will be further upgraded in 2026 with the 12 new electric double deckers.
  • We are proud to partner with Alexander Dennis to bring these cutting-edge double deck electric buses to our communities.

Hexagon Purus ASA: Results for the fourth quarter 2023

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火曜日, 2月 13, 2024
Hydrogen, NOK, Hexagon, Nikola, USD, Investment, Daimler, Growth, Mitsui, Linde, Ford, Tata Daewoo, Air Liquide, New Flyer, FID, Video game

Full-year 2023 revenue ended at NOK 1,320 million, up 37% year-over-year;

Key Points: 
  • Full-year 2023 revenue ended at NOK 1,320 million, up 37% year-over-year;
    EBITDA ended at NOK -129 million in the fourth quarter of 2023.
  • “2023 has been an exciting and eventful year for Hexagon Purus, where we achieved significant growth from last year.
  • In the fourth quarter of 2023, Hexagon Purus (“the Company” or “the Group”) generated NOK 366 million in revenue.
  • Hexagon Purus’ order backlog, consisting of firm customer purchase orders, stood at approximately NOK 1.3 billion as of the fourth quarter of 2023, with the vast majority for execution during 2024.

Persistent Inflation and High Interest Rates Slow Growth across Canadian Cities

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木曜日, 12月 7, 2023
Conference, New Flyer, Conference Board of Canada, GM, Research, GDP, City, Growth, CentrePort Canada, Housing, General Motors, Insurance, The Conference Board, Unemployment, Investment, Transport, Population growth, Employment, Renewable energy

OTTAWA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Canadian cities will experience slow growth for the remainder of 2023, as higher interest rates and persistent inflation erode consumer purchasing power and constrain local economies, according to new research from The Conference Board of Canada .

Key Points: 
  • OTTAWA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Canadian cities will experience slow growth for the remainder of 2023, as higher interest rates and persistent inflation erode consumer purchasing power and constrain local economies, according to new research from The Conference Board of Canada .
  • Output from the manufacturing sector is also expected to slow, as high prices lower demand for goods and rising interest rates discourage investments.
  • Households in Ottawa-Gatineau are better prepared to handle rising interest rates and persistent inflation due to the region’s high incomes relative to other Canadian cities.
  • A host of challenges, including high interest rates, reduced consumer spending, and labour shortages will limit Québec City’s GDP growth to just 0.1 per cent in 2023.

Provincial Economies in a Holding Pattern

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月曜日, 11月 27, 2023
Conference, New Flyer, Grasshopper, Agriculture, Conference Board of Canada, Research, GDP, Toronto Transit Commission, Weakness, Gopher, Tourism, CentrePort Canada, Housing, Coastal GasLink Pipeline, The Conference Board, Face, Growth, Population growth, Employment, Renewable energy

The province’s GDP is forecast to increase 2.7 per cent in 2023 and an additional 1.0 per cent in 2024.

Key Points: 
  • The province’s GDP is forecast to increase 2.7 per cent in 2023 and an additional 1.0 per cent in 2024.
  • This year’s growth can be attributed to elevated investment in the non-residential sector of the economy, particularly in the energy sector.
  • Overall, the provincial economy is expected to growth by just 1.0 per cent in 2023 and a further 0.8 per cent in 2024.
  • Demand for some of the province’s key exports is also subdued, as the economies of key trading partners have decelerated.

BayoTech Celebrates Milestone Achievement: Completion of First Hydrogen Hub in Missouri

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木曜日, 11月 2, 2023
Hydrogen, Workforce, Ranken Technical College, Transport, Partnership, Economic development, Emerson, Natural gas, Renewable energy, Midwestern United States, New Flyer

WENTZVILLE, Mo., Nov. 2, 2023 /PRNewswire/ -- BayoTech Inc., an innovator in hydrogen production, transportation, and storage solutions, announced today the availability of sustainable hydrogen fuel from its recently completed hub in Wentzville, Missouri.

Key Points: 
  • WENTZVILLE, Mo., Nov. 2, 2023 /PRNewswire/ -- BayoTech Inc., an innovator in hydrogen production, transportation, and storage solutions, announced today the availability of sustainable hydrogen fuel from its recently completed hub in Wentzville, Missouri.
  • The BayoGaaS™ Hydrogen Hub generates 350 tons of hydrogen annually to serve a wide range of customers operating zero-emission fuel cell equipment and hydrogen-intensive industrial processes.
  • As the inaugural BayoGaaS™ Hydrogen Hub, this facility helps meet demand for hydrogen in the region while placing Wentzville at the forefront of the hydrogen economy.
  • This project represents a significant milestone for our community and is a testament to the dedication and innovation of the entire BayoTech team.

NFI recaps strong showing at APTA TRANSform Conference and EXPO; announces eligibility for U.S. Commercial Clean Vehicle Credit

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水曜日, 10月 18, 2023
BRT, VIC, NFI, EV, NFI Group, IRS, Internal Revenue Service, New Flyer Xcelsior, OTC, Nintendo of America, Inc. vs. Blockbuster LLC., Operating Industries Inc., Landfill, Conference, Average revenue per user, ST, City, Inflation Reduction Act of 2022, Ecosystem, American Public Transportation Association, APTA, Inflation, TSX, Video game, Rail transport, Transport, EXPO, New Flyer

ST. CLOUD, Minn., Oct. 18, 2023 (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, today recapped a successful week attending the American Public Transportation Association (APTA) TRANSform Conference and EXPO (EXPO) in Orlando, Florida. NFI showcased its mobility solutions ecosystem and market-leading vehicle lineup, with attendance from all NFI subsidiaries.

Key Points: 
  • NFI showcased its mobility solutions ecosystem and market-leading vehicle lineup, with attendance from all NFI subsidiaries.
  • Thank you to the entire APTA team for another hugely successful event,” said Paul Soubry, President and Chief Executive Officer, NFI.
  • 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 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.

NFI announces significant order for up to 210 high-performance New Flyer Xcelsior® buses for Houston’s METRO

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木曜日, 10月 5, 2023
ST, Partnership, OTC, TSX, METRO, North American Bus Industries, New Flyer, National Highway Traffic Safety Administration, NFI, Transport, American Public Transportation Association, Houston Metro, United States Environmental Protection Agency, EV, City, APTA, MCI, VIC, New Flyer Xcelsior

ST. CLOUD, Minn., Oct. 05, 2023 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and motor coach manufacturer and a leader in zero-emission electric mobility solutions, today announced that NFI subsidiary New Flyer of America (New Flyer), has been awarded a new two-year contract from Houston Metropolitan Transit Authority (METRO) for 160 Xcelsior® 40-foot clean-diesel transit buses with options to purchase up to 50 additional buses. With this large order, NFI will add up to 210 buses to its backlog in the third quarter of 2023 for firm and option orders.

Key Points: 
  • With this large order, NFI will add up to 210 buses to its backlog in the third quarter of 2023 for firm and option orders.
  • “Since 1991, NFI has delivered over 1,765 vehicles to METRO, including New Flyer buses and MCI motor coaches, providing Houston communities with efficient, safe, and reliable transportation.
  • Building on over 30 years of partnership, NFI continues to support METRO with our advanced mobility solutions,” said Chris Stoddart, President, North American Bus and Coach, NFI.
  • Since opening in late 2017, the VIC has hosted over 350 interactive events, welcoming 7,000 industry professionals for EV and infrastructure training.

American Battery Solutions inks battery pack supply agreement with North America's largest bus manufacturer, NFI Group Inc.

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水曜日, 10月 4, 2023
Partnership, EV, MI, OH, Typhoon Zeb, ABS, Investment, New Flyer, Engineering, Architecture, City, Transport, VIC, NFI

LAKE ORION, Mich., Oct. 4, 2023 /PRNewswire/ -- American Battery Solutions (ABS) announced today that it has signed a multi-year contract with leading bus manufacturer NFI Group Inc. to supply custom battery packs that will provide clean power for NFI subsidiary New Flyer's newest 35-, 40- and 60-foot battery-electric transit buses. NFI is now launching ABS batteries into bus production for customer deliveries starting in the first quarter of 2024. The Li-Ion batteries were fully designed, tested, and validated by ABS at its engineering and development center located in Lake Orion, MI. The production of these batteries will be done at ABS' state-of-the-art manufacturing plant in Springboro, OH.

Key Points: 
  • LAKE ORION, Mich., Oct. 4, 2023 /PRNewswire/ -- American Battery Solutions (ABS) announced today that it has signed a multi-year contract with leading bus manufacturer NFI Group Inc. to supply custom battery packs that will provide clean power for NFI subsidiary New Flyer's newest 35-, 40- and 60-foot battery-electric transit buses.
  • NFI is now launching ABS batteries into bus production for customer deliveries starting in the first quarter of 2024.
  • NFI expects that 40% of its 2025 production will be zero-emission buses and is leading the evolution to zero-emission public transportation in North America.
  • "ABS has made significant investments in their pack assembly and battery technology, providing NFI with industry leading solutions.

NFI powers Austin’s CapMetro fleet electrification with 26 New Flyer zero-emission Xcelsior CHARGE NG™ buses

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月曜日, 9月 18, 2023
New Flyer Xcelsior, Partnership, ST, EV, North American Bus Industries, Transport, Carbon, Rapids, EVS, OTC, TSX, City, VIC, Google LLC v. Oracle America, Inc., Capital, NFI, Rail transport, Central Texas, New Flyer

Originally announced in November 2021, the contract includes up to 126 40-foot and up to 15 60-foot battery-electric buses.

Key Points: 
  • Originally announced in November 2021, the contract includes up to 126 40-foot and up to 15 60-foot battery-electric buses.
  • NFI added a firm order for the 26 40-foot electric vehicles (EVs) to its backlog in the second quarter of 2023.
  • CapMetro is Austin Texas’ public transportation provider, with over 20 million annual boardings through bus, paratransit, and commuter rail services.
  • “Our partnership with CapMetro spans over 25 years, and, during this time, New Flyer has delivered more than 300 buses.

NFI delivers strongest FTA Low-No and Buses and Bus Facilities grant performance ever, as named partner on more than $200 million in grants

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木曜日, 9月 7, 2023
Low, BBF, ST, EV, North American Bus Industries, Federal Transit Administration, OTC, TSX, Growth, City, VIC, FTA, Versata Development Group, Inc. v. SAP America, Inc., NFI, Cryptocurrency, Transport, New Flyer

This is New Flyer’s best Low-No and BBF performance to date and shows significant improvement over the $41 million in grants from 2021 and the nearly $200 million in grants from 2022.

Key Points: 
  • This is New Flyer’s best Low-No and BBF performance to date and shows significant improvement over the $41 million in grants from 2021 and the nearly $200 million in grants from 2022.
  • “New Flyer’s unique ability to deliver multiple propulsion systems on the same bus platform provides transit agencies with the most available low- and no- emission options of any bus manufacturer.
  • The FTA Low-No Grant Program is a competitive application program introduced in 2015 that exists to support the U.S. transition to low- and zero-emission public transit fleets.
  • Funding can be used to purchase or lease low- and zero-emission buses, including acquiring, constructing, and leasing the necessary charging infrastructure and facilities.