NFI : New Flyer and AROW Global’s New Mobility Bursary Now Open for Applications

PDF Version

$10,000 available to support underrepresented individuals in pursuit of education and training to enter the new mobility era, powered by zero-emission technology

Anniston, AL, USA - January 10, 2022:(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that the New Mobility Bursary, created by subsidiary New Flyer of America Inc. ("New Flyer") in partnership with supplier AROW Global Corp ("AROW Global"), is now open for applications.

The $10,000 New Mobility Bursary, awarded through NFI's Vehicle Innovation Center ("VIC"), is open to candidates in the U.S. and Canada between 17-24 years of age and currently enrolled in science, technology, engineering, and math ("STEM") related programs. The bursary is directly focused on supporting underserved, underrepresented, or disadvantaged individuals intending to pursue careers in the new mobility era; ultimately contributing the advancement equity, diversity, and inclusion in public transit. One bursary of $10,000 in local currency will be awarded. Applications are open January 10-30, 2022 and can be submitted through newflyer.com/VIC.

"Providing tangible support and helping remove barriers for young people to pursue technical education and training is vital to building inclusion and developing healthy candidate pipelines for our industry," said Janice Harper, Executive Vice President of People and Culture, NFI. "Workforce development is a pivotal enabler of our shift to zero-emission. This is why we are investing in the advancement of young people, and hope every person has the chance to enter our industry and participate meaningfully in the new mobility era."

The bursary was first announced in November 2021 during APTA EXPO in Orlando, Florida, an event aligning with the United Nations COP26 climate change conference whose presidency programme included key themes of progressing gender equality and demonstrating that science and innovation can deliver climate solutions.

A selection committee comprised of industry leaders across North America, including the American Public Transportation Association, Latinos in Transit, Conference of Minority Transportation Officials, Transport Workers Union, Transportation Diversity Council, AROW Global, and New Flyer will determine the winner, who will be announced in spring of 2022.

AROW Global is a leading design and manufacturer of window, glazing, and driver protection systems for the mass transit industry in North America, is an equal partner with New Flyer in creating the New Mobility Bursary to advance equity, diversity, and inclusion in the public transportation industry.

NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 80 cities in five countries. Today, NFI supports growing North American cities with scalable, clean, and sustainable mobility solutions through a four-pillar approach that includes buses and coaches, technology, infrastructure, and workforce development.

NFI 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 4,000 industry professionals for EV and infrastructure training.

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. The Shares are traded on the Toronto Stock Exchange under the symbol NFI and NFI's convertible unsecured debentures trade on the Toronto Stock Exchange under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and www.carfaircomposites.com.

About New Flyer

New Flyer is North America's heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior^® and Xcelsior CHARGE^® brands. It also offers infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

For media inquiries, please contact:
Lindy Norris
P: 320.406.3386
[e-mail]

For investor inquiries, please contact:
Stephen King
P: 204.224.6382
[e-mail]