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NFI Group Inc. - CEO, Paul Soubry Jr.
CEO, Paul Soubry Jr.
Source: Economic Development Winnipeg
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  • The Central Ohio Transit Authority (COTA) has exercised its option for 18 additional buses from NFI Group (NFI) subsidiary New Flyer
  • The transit authority originally purchased 154 Xcelsior compressed natural gas (CNG) forty-foot transit buses under a five-year contract in 2018
  • NFI Group is a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions
  • NFI Group Inc. (NFI) is currently down 0.87 per cent, trading at $29.75 per share

The Central Ohio Transit Authority (COTA) has exercised its option for 18 additional buses from NFI Group (NFI) subsidiary New Flyer.

The transit authority originally purchased 154 Xcelsior compressed natural gas (CNG) forty-foot transit buses under a five-year contract in 2018.

Earlier this year, the COTA optioned an additional 28 CNG buses from New Flyer. The purchases were made possible by funds from the Federal Transit Administration as part of COTA’s 2013 commitment to convert its entire fleet to natural gas within 12 years.

Paul Soubry, president and CEO of NFI, commented,

“NFI continues to lead the evolution to low- and zero-emission buses by providing the industry’s broadest range of propulsion options to suit individual customer needs and unique operating environments.”

The COTA provides public transit in the greater Columbus and central Ohio region and, prior to the COVID-19 pandemic, delivered more than 19 million passenger trips a year.

“We are proud to be awarded COTA’s follow on requirement for state-of-the-art transit buses,” said Mr. Soubry, “in support of its environmentally responsible vision for transit.”

NFI Group is a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions.

The company has been a CNG leader for more than 25 years, offering unmatched expertise in designing and deploying low-emission transit buses. Xcelsior CNG buses emit 90% less nitrogen oxide than diesel engines, resulting in cleaner, more breathable air.

NFI Group Inc. (NFI) is currently down 0.87 per cent, trading at $29.75 per share as of 3:20 pm ET.

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