Mr. Chris Stoddart reports

NFI'S NEW FLYER LAUNCHES EXTENDED RANGE OPTION FOR XCELSIOR CHARGE FC HYDROGEN FUEL CELL-ELECTRIC BUS

NFI Group Inc. has unveiled a major range-boosting innovation for its Xcelsior Charge FC 40-foot hydrogen-fuel-cell-electric bus. The new optional hydrogen four-tank module significantly extends vehicle and operational flexibility, adding 17.5 additional kilograms of on-board fuel capacity.

This announcement is being made in partnership with Humboldt Transit Authority in northern California, where the technology is already proving successful on challenging, steep, real-world routes. Humboldt was one of the first agencies to deploy the extended range option in its fleet, and its performance has exceeded expectations in both range and reliability.

"We are excited to be the first public transit agency in North America to adopt this extended range feature from New Flyer," said Greg Pratt, general manager, Humboldt Transit Authority. "Performance in both fuel economy and range has exceeded our expectations, enabling more dependable service for our community. We are proud to showcase New Flyer's technology here and demonstrate how forward-thinking solutions can benefit both the environment and the people we serve."

"Mobility solutions should work for every community, whether in rural counties or growing cities," said Jennifer McNeill, vice-president, sales and marketing, New Flyer and MCI. "We are excited to offer this extended range feature to support our customers with longer service routes, more aggressive duty cycles and harsher climates."

The additional four transverse-mounted tanks supplement five standard on-board hydrogen tanks, providing approximately 50 per cent additional fuel capacity and extending the vehicle range by as much as 120 miles (1). With this feature, the Xcelsior Charge FC can cover longer routes and more demanding duty cycles more efficiently, reducing the need for frequent refuelling and helping transit agencies streamline their operations.

"With zero-emission buses, range matters, and this upgrade is a game-changer," said Chris Stoddart, president, North American bus and coach, NFI. "We're driving innovation at NFI to ensure our zero-emission models match or outperform traditional propulsion modes in efficiency, reliability and performance."

New Flyer has been a pioneer in hydrogen fuel cell bus technology for decades and continues to push the boundaries of clean transit innovation. The enhanced Xcelsior Charge FC features a lighter, high-efficiency fuel cell power module, recyclable high-power batteries, improved waterproof battery enclosures and a more powerful electric drive system with up to 90-per-cent energy recovery.

(1) Based on data from the FTA Altoona bus testing program report for the New Flyer XHE40, report No. LTI-BT-R1808-P, conducted by the Larson Transportation Institute's Bus Research and Testing Center at Penn State University. The average fuel efficiency of a similar bus configuration is seven miles per kilogram. This, along with an increase of 17.5 kilograms of usable hydrogen fuel capacity, results in approximately 120 miles of additional range.

About NFI Group Inc.

Leveraging 450 years of combined experience, NFI offers a wide range of propulsion-agnostic bus and coach platforms, including market-leading electric models. Through its low- and 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 nearly 9,000 team members in 10 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 Ltd. (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 (referring to propulsion systems that do not utilize internal combustion engines, such as trolley, battery and fuel cell), natural gas, electric hybrid and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI's common shares trade on the Toronto Stock Exchange under the symbol NFI, and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB.

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