Associated tags: Natural gas, Toronto Stock Exchange, NFI, News, OTC, TSX, City, Transport, EV, VIC
Locations: UKRAINE, EUROPE, HONG KONG, NEW ZEALAND, IRELAND, ONTARIO, QUEBEC, US, WINNIPEG, MB, CA, ERNST, RUSSIA, EU, UK, MIDDLE EAST, ISRAEL, UNITED STATES, MANITOBA
Retrieved on:
Friday, December 23, 2022
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Rail transport LARBERT, Scotland, Dec. 23, 2022 (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 receipt of an order for an additional 50 zero-emission double-deck buses from Transport for Greater Manchester, doubling the total on order for the franchised Bee Network bus system to 100.
Key Points:
- LARBERT, Scotland, Dec. 23, 2022 (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 receipt of an order for an additional 50 zero-emission double-deck buses from Transport for Greater Manchester, doubling the total on order for the franchised Bee Network bus system to 100.
- These additional 50 British-built electric buses will enter service in parts of Bury, Rochdale and Oldham when the second tranche of franchising launches there in April 2024, delivering a cleaner, more environmentally friendly bus fleet for another part of Greater Manchester.
- The buses will be funded from the government’s City Region Sustainable Transport Settlement.
- NFI offers the widest range of vehicles including clean diesel, compressed natural gas, diesel electric hybrids, and zero-emission battery- and fuel cell-electric buses and coaches.
Retrieved on:
Friday, December 23, 2022
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Transport The amendments to the Facilities are subject to approvals and documentation, which are expected to be completed by January 1, 2023.
Key Points:
- The amendments to the Facilities are subject to approvals and documentation, which are expected to be completed by January 1, 2023.
- Non-binding commitment from the Government of Manitoba for a CAD$50 million debt facility to support investments in working capital and general corporate purposes.
- The debt facilities from the Government of Manitoba and EDC, and the Guarantee Facility have received credit approvals but are subject to documentation, certain conditions, and final approvals by EDC and the Government of Manitoba.
- NFI anticipates that the approvals and documentation can be completed early in 2023, at which point the support would be available.
Retrieved on:
Thursday, December 22, 2022
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Taxicab In total, NFI will add 157 sixty-foot buses (314 EUs) to its backlog.
Key Points:
- In total, NFI will add 157 sixty-foot buses (314 EUs) to its backlog.
- “Since 2011 NFI has delivered more than 130 vehicles to PRT, eight of which were battery-electric buses.
- NFI continues to deliver the most advanced transit technology available in North America,” said Chris Stoddart, President, North American Bus and Coach, NFI.
- NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 85 million EV service miles.
Retrieved on:
Wednesday, November 30, 2022
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Risk management ST. CLOUD, Minn., Nov. 30, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that its subsidiary New Flyer of America Inc. (“New Flyer”) has received new firm orders for 41 transit buses from the San Diego Metropolitan Transit System (“MTS”) with options for up to an additional 432 buses. In total, NFI will add 617 Equivalent Units (“EUs”) to its backlog from firm and option orders. These units were included in NFI’s pending awards at the end of the third quarter of 2022. The firm orders include:
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- The firm orders include:
28 Xcelsior compressed natural gas (CNG) forty-foot, heavy-duty transit buses, and
13 Xcelsior CHARGE NG battery-electric forty-foot, heavy-duty transit buses.
- The five-year contract includes options to purchase forty-foot and sixty-foot Xcelsior CNG buses, as well as forty-foot and sixty-foot Xcelsior CHARGE NG battery-electric buses.
- MTS is one of the oldest transit systems in Southern California, serving the San Diego communityfor more than 135 years.
- MTS operates one of the cleanest public transit fleets in the United States, providing 88 million annual passenger rides across San Diego County on nearly 100 fixed bus routes.
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Tuesday, November 15, 2022
WINNIPEG, Manitoba, Nov. 15, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in zero-emission electric mobility solutions, today announced its unaudited interim condensed consolidated financial results for the third quarter of 2022.
Retrieved on:
Thursday, November 10, 2022
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Stagecoach LARBERT, Scotland, Nov. 10, 2022 (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 that it has received an order for 200 low-emission Enviro400 double deck buses from Stagecoach. This represents the UK bus industry’s largest single order by number of vehicles since 2019.
Key Points:
- This represents the UK bus industrys largest single order by number of vehicles since 2019.
- We look forward to working with Alexander Dennis to get our new buses into service starting early next year.
- We are delighted to continue to support Stagecoach in making buses across the UK cleaner and greener, said Paul Davies, President & Managing Director, Alexander Dennis.
- Alexander Dennis Limited (Alexander Dennis) is a global leader in the design and manufacture of double deck buses and is also the UKs largest bus and coach manufacturer.
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Plaxton WINNIPEG, Manitoba, Nov. 04, 2022 (GLOBE NEWSWIRE) -- November 4, 2022: (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 that Alexander Dennis attended the Euro Bus Expo in Birmingham, United Kingdom earlier this week, connecting with customers, suppliers, and industry partners, showcasing its wide offering of buses and smart connected technology.
Key Points:
- WINNIPEG, Manitoba, Nov. 04, 2022 (GLOBE NEWSWIRE) -- November 4, 2022: (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 that Alexander Dennis attended the Euro Bus Expo in Birmingham, United Kingdom earlier this week, connecting with customers, suppliers, and industry partners, showcasing its wide offering of buses and smart connected technology.
- Our team had a great week reconnecting with many of our customers, suppliers, and industry partners in person at Euro Bus Expo, said Paul Davies, President and Managing Director, Alexander Dennis.
- First, the Enviro400FCEV which adds a hydrogen-fuel cell bus that is ready to meet the requirements of any bus operator, transport authority or city.
- Alexander Dennis Limited (Alexander Dennis) is a global leader in the design and manufacture of double deck buses and is also the UKs largest bus and coach manufacturer.
Retrieved on:
Thursday, November 3, 2022
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New Flyer New Flyer supported the successful applications for over $380 million in grants awarded to 38 U.S. public transit agencies and was the named partner for two individual agency awards of over $25 million each.
Key Points:
- New Flyer supported the successful applications for over $380 million in grants awarded to 38 U.S. public transit agencies and was the named partner for two individual agency awards of over $25 million each.
- This was an increase from the $40 million in Low-No grants awarded to nine U.S. public transit agencies that NFI subsidiaries supported in 2021.
- New Flyers success with Low-No and Buses and Bus Facilities grants provide future backlog growth opportunities.
- The FTA has now awarded U.S. public transit agencies Low-No grants to procure New Flyer buses and charging infrastructure for seven consecutive years.
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Debenture WINNIPEG, Manitoba, Oct. 24, 2022 (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, today provided an update on its anticipated third quarter results and market conditions resulting from continued supply constraints and unreliable supplier performance.
Key Points:
- "Backlog" value is not a recognized measure under IFRS and does not have a standardized meaning prescribed by IFRS.
- However, Adjusted EBITDA is not a recognized earnings or cash flow measure under IFRS and does not have a standardized meaning prescribed by IFRS.
- 1 Third quarter or 2022 Q3 refers to the 13-week period ended October 2, 2022
2 Fiscal 2022 refers to the period from January 3, 2022 to January 1, 2023.
- 4 See NFIs second quarter financial report for an explanation of the bid universe and five-year outlook.
The MCI D45 CRT LE received a 10-month battery of tests accelerating a 12-year, 500,000 miles service life.
Key Points:
- The MCI D45 CRT LE received a 10-month battery of tests accelerating a 12-year, 500,000 miles service life.
- The D45 CRT LE is MCI's first complete redesign of an MCI model in 20 years.
- "Our goal is to have the D45 CRT LE perform reliably on commuter routes in all types of weather and road conditions.
- "We'll be back at Altoona in April with our first battery-electric MCI D45 CRTe LE and with the non-vestibule version of the D45 CRT in September," says Fazio.
