09 May 2022

NFI awarded new contract by MDOT Maryland Transit Administration for seven zero-emission buses

ST. CLOUD, Minn., May 09, 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 been awarded a contract from the Maryland Department of Transportation Maryland Transit Administration (“MDOT MTA”) to provide seven zero-emission buses as the ...
05 May 2022

NFI announces Election of Directors, including new member Wendy Kei, recipient of the 2022 Institute of Corporate Directors Fellowship Award

WINNIPEG, Manitoba, May 05, 2022 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The board of directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Wendy Kei was elected as a new Director of the Board at the Company’s annual general meeting of shareholders (the “AGM”) held today. “Wendy is an important addition to the NFI Board. The diversity of her...
05 May 2022

NFI Announces First Quarter 2022 Results

All figures quoted in U.S. dollars unless otherwise noted: Summary Highlights: 2022 Q1 revenue of $459 million; 660 equivalent units ("EUs") delivered, including 202 EUs of battery- and fuel cell-electric vehicles ("ZEBs"), which equates to 31% of total deliveries. 2022 Q1 Adjusted EBITDA(2) of ($17) million; Net Loss per Share of $0.36 and Adjusted Net Loss per Share(2) of $0.53.Ending liquidity(2) position of $649 million. Quarter...
03 May 2022

Ohio’s COTA orders 8 more battery-electric buses and infrastructure from NFI

ST. CLOUD, Minn., May 03, 2022 (GLOBE NEWSWIRE) -- May 2, 2022: (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 the Central Ohio Transit Authority (“COTA”) has exercised options for eight battery-electric Xcelsior CHARGE NG™ forty-foot heavy-duty transit buses from its subsidiary New Flyer of America Inc. (...
29 Apr 2022

NFI provides market and supply chain update with revisions to full year guidance

Shortages of critical microprocessor modules expected to result in lower-than-planned deliveries in the second and third quarters of 2022. Lowering financial guidance for Fiscal 20221 with expected Adjusted EBITDA2 range of $15 million to $45 million primarily due to supply chain challenges. Potential for an up to $200 million temporary increase in work-in-process inventory from bus delivery delays. Current liquidity3 of over $600 mill...
25 Apr 2022

Virginia’s Blacksburg Transit orders 5 more battery-electric buses from NFI

Virginia’s Blacksburg Transit orders 5 more battery-electric buses from NFI St. Cloud, Minnesota, USA – April 25, 2022: (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 a new contract from Blacksburg Transit (“BT”) for three forty-foot Xce...
25 Apr 2022

NFI’s autonomous ADL Enviro200 buses begin on-route testing in Scotland

Live testing of Europe’s most complex and ambitious public autonomous bus pilot begins this week in ScotlandLARBERT, United Kingdom, April 25, 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, subsidiary Alexander Dennis Limited (“ADL”) today announced that live testing of Europe’s most complex and ambitious publ...
22 Apr 2022

NFI Celebrates Earth Day 2022 and prepares for completion of first ESG materiality assessment

WINNIPEG, Manitoba, April 22, 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 celebrates Earth Day 2022. For decades, NFI has been leading the evolution to zero-emission transportation, the ZEvolution. In 2021, NFI introduced six new zero-emission buses and coach (“ZEB”) models to its electric vehicle (“...
21 Apr 2022

Idaho’s Mountain Rides orders 7 more zero-emission buses and charging infrastructure from NFI

ST. CLOUD, Minn., April 21, 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 a new contract from Mountain Rides Transportation Authority (“MRTA”) for seven battery-electric, zero-emission Xcelsior CHARGE NG™ thirty-five-foot...
18 Apr 2022

Toronto’s TTC awards contracts for up to 565 buses to NFI

WINNIPEG, Manitoba, April 18, 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 Industries Canada ULC (“New Flyer”) has received new firm orders from the Toronto Transit Commission (“TTC”) for 134 Xcelsior® forty-foot hybrid-electric heavy-duty transit buses, and 6...
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