NFI NFI Group Inc.

NFI subsidiary Alexander Dennis hosts launch of Scotland’s Pathway to Zero Emission Buses

NFI subsidiary Alexander Dennis hosts launch of Scotland’s Pathway to Zero Emission Buses

LARBERT, United Kingdom, Aug. 10, 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 (“Alexander Dennis”) today hosted the launch of Scotland’s Pathway to Zero Emission Buses in Larbert on behalf of the Scottish Government.

Scotland’s Pathway to Zero Emission Buses is the result of the work done by the Scottish Government-led Bus Decarbonisation Taskforce, of which Alexander Dennis is a member alongside key industry stakeholders, bus operators, technology partners and financiers.

Alexander Dennis is pursuing an aggressive new product development agenda for zero emission buses, including new battery-electric and hydrogen fuel cell-electric models. The agenda includes an exciting new product aligning to the pathway’s plans to increase the supply of smaller zero-emission buses. The investment in engineering further underpins the company’s commitment to domestic manufacturing.

Alexander Dennis shared their plans at the last meeting of the Bus Decarbonisation Taskforce at its global headquarters in Larbert, where President and Managing Director Paul Davies hosted fellow taskforce members to launch the pathway with Scottish Government Minister for Transport, Jenny Gilruth.

The launch event was supported by Alexander Dennis customers First Bus and Stagecoach, who brought their new, zero-emission Scottish-built buses to the event.

“We have been leading the transition to zero-emission mobility for a number of years now, doing what we do best, which is investing in innovation,” said Paul Davies, President and Managing Director, Alexander Dennis. “I am delighted to confirm today we are stepping this up further with our extended plans for new product development.

“We pride ourselves on bringing leading products to market that are designed and built in Britain, which allows us to retain our position as innovative leaders of the ZEvolution, the transition to zero-emission mobility. Making new product development commitments at this time is an investment into the future through an attractive product line up that will continue to attract orders and underpin jobs in bus manufacturing.”

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 110 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 70 million EV service miles.

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 7,500 team members in nine 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 105,000 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 , , , , , , and .

About Alexander Dennis

Alexander Dennis Limited (“ADL”) is a global leader in the design and manufacture of double deck buses and is also the UK’s largest bus and coach manufacturer. ADL offers single and double deck vehicles under the brands of Alexander Dennis and Plaxton, and has over 31,000 vehicles in service in the UK, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada, and the United States. Further information is available at .

High resolution images are available for download from the Alexander Dennis website at .

For media inquiries, please contact:

Stefan Baguette

P:

For investor inquiries, please contact:

Stephen King

P: 204.224.6382

A photo accompanying this announcement is available at



EN
10/08/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on NFI Group Inc.

 PRESS RELEASE

NFI Announces Election of Directors

NFI Announces Election of Directors WINNIPEG, Manitoba, May 12, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI) a leader in propulsion-agnostic bus and coach mobility solutions, is pleased to announce that the ten nominees listed in the dated March 21, 2025, were elected as directors of the Board at the Company’s annual and special meeting of shareholders (the Shareholder Meeting) held on Friday May 9, 2025. The detailed results of the vote for the election of directors held at the Shareholder Meeting are set out below. Name of NomineeVotes For% ForVotes...

 PRESS RELEASE

NFI Announces First Quarter Results

NFI Announces First Quarter Results Record backlog of $13.7 billion and improvements in Revenue, Adjusted EBITDA¹ and ROIC¹; reaffirms 2025 Guidance WINNIPEG, Manitoba, May 08, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in propulsion-agnostic bus and coach mobility solutions, today announced its unaudited interim condensed consolidated financial results for the first quarter of 2025. All figures quoted in U.S. dollars unless otherwise noted. First Quarter Highlights Deliveries: 1,028 equivalent units ("EUs"), with 33...

 PRESS RELEASE

NFI Announces New $845 Million First Lien Senior Credit Facility

NFI Announces New $845 Million First Lien Senior Credit Facility New agreement replaces existing first lien senior facilities and enhances NFI's flexibility to execute on record backlog WINNIPEG, Manitoba, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 mill...

 PRESS RELEASE

NFI Announces Updates to Board Leadership

NFI Announces Updates to Board Leadership WINNIPEG, Manitoba, April 15, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI, or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced that Colin Robertson, previously Vice Chair of the Board, has been appointed Chair of the Board, succeeding Chan Galbato, who has decided to step down from the Board to pursue other opportunities. NFI Vice Chair Larry Edwards will assume the role of Lead Independent Director. “On behalf of the Company, I would like to thank Mr. Galbato fo...

 PRESS RELEASE

NFI schedules release of first quarter 2025 financial results and prov...

NFI schedules release of first quarter 2025 financial results and provides details about Annual and Special Meeting of Shareholders WINNIPEG, Manitoba, April 07, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI or the Company) a leader in propulsion-agnostic bus and coach mobility solutions, today announced the release date of its first quarter of 2025 (Q1 2025) financial results and notes that the Company’s Board of Directors (Board) has set the date for its Annual and Special Meeting of Shareholders for May 9, 2025 at 12:00 p.m. Eastern Time (ET). First ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch