Press Releases

Nashville’s WeGo Public Transit adds 10 high capacity coaches to its fleet; revitalizing transit with another order from NFI subsidiary MCI

Des Plaines, Illinois, USA – August 10, 2021: (TSX: NFI) Motor Coach Industries (“MCI”), a subsidiary of NFI Group Inc. (“NFI”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has received a new contract from WeGo Public Transit for ten clean diesel MCI D4500 coaches. The coaches will deliver in the fourth quarter of 2021.

WeGo Public Transit provides public transportation in the Nashville metropolitan area and Davidson County, delivering over 9 million annual rides.

The purchase, supported by Federal Transit Administration funds, replaces end-of-life vehicles and expands WeGo Public Transit’s fleet with high capacity coaches that deliver on its objective to deliver a robust, efficient transit network.

“For nearly 20 years, we have supported WeGo Public Transit with reliable mobility, including more than 50 transit buses and 10 motorcoaches,” said Chris Stoddart, President, North America Bus and Coach. “Our new D4500 coaches provide dependable, safe, and reliable transportation, high capacity, and exceptional passenger comfort. Together with WeGo, we are continuing the advancement of accessible public transit with efficient mobility.”

MCI’s D-Series workhorse coaches are Buy America Compliant, Altoona tested, and built with legendary MCI quality to deliver a unique combination of dependability, passenger comfort, and high-quality performance. For more information, visit mcicoach.com/coach/d-series/features.

NFI has been leading mass mobility solutions for more than 90 years, and today supports growing North American cities with sustainable four-pillar mobility solutions including buses and coaches, technology, infrastructure, and workforce development. It 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 late 2017, the VIC has hosted over 300 interactive events, welcoming 3,000 industry professionals for electric bus and infrastructure training. For more information, visit newflyer.com/VIC.

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 8,000 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 common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.

About MCI

MCI is North America’s public and private market motor coach leader, building the luxury J-Series (an industry best-seller for over a decade) and workhorse D-Series, and offering zero-emission luxury and commuter coaches with the brand new battery-electric J4500 CHARGE™ and MCI D45 CRT LE CHARGE™. MCI also provides maintenance, repair, 24-hour roadside assistance, parts, and technician training through the industry’s only Automotive Service Excellence (ASE) accredited MCI Academy.

Forward-Looking Statement

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI Group that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services, customers may not exercise options to purchase additional buses, the ability of customers to suspend or terminate contracts for convenience and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, the NFI Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

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