NFI Group Inc. (TSX: NFI, OTC: NFYEF), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the Alameda Contra Costa Transit District (“AC Transit”) has awarded NFI subsidiary New Flyer of America Inc. (“New Flyer”) an order for 20 zero-emission, hydrogen fuel cell-electric 40-foot Xcelsior CHARGE H2™ heavy-duty transit buses. The purchase was made through California’s State Cooperative Procurement, which New Flyer was selected for as a top-scoring approved supplier in 2019.
Supported by Federal Transit Administration funds, the order follows AC Transit’s 2019 purchase of ten hydrogen fuel cell-electric and five battery-electric buses from NFI, and demonstrably advances AC Transit’s Clean Corridors Plan (a commitment to operate a 25% zero-emission fleet by 2023) and ultimately its implementation of the California Air Resources Board (“CARB”) Innovative Clean Transit Regulation that requires all California agencies to transition to zero-emission bus fleets by 2040.
Based in Oakland, AC Transit is one of the largest bus-only systems in America, serving Alameda and Contra Costa counties in the San Francisco Bay Area’s East Bay, delivering over 52 million rides annually.
NFI Group Inc. is trading at $26.15 as of June 14, 2021 with a 52 week high of $32.74 and a 52 week low of $14.49
