(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,
subsidiary Alexander Dennis Limited (“Alexander Dennis”) today
announced that it will continue development of autonomous bus
technology in the CAVForth2 project, led by Fusion Processing Ltd
and supported by the UK Government.
CAVForth2 is jointly funded by the UK
Government’s Centre for Connected and Autonomous Vehicles and
project partners Fusion Processing Ltd, Stagecoach, Alexander
Dennis, Edinburgh Napier University, and the University of West of
England.
This project will see Stagecoach, the UK’s
largest bus operator, extend the 14-mile route of the existing
CAVForth autonomous bus service from Edinburgh Park station across
the Forth Road Bridge – poised to launch to the public this spring
after extensive testing – on to Dunfermline city center. The
additional five-mile section of the route will take in more complex
autonomous driving scenarios on busy category A and B roads, mixing
with city center traffic.
Capability to accomplish this challenging
driving will come from an upgraded version of the CAVStar® ADS
(Automated Drive System) that will be developed and supplied by
Fusion Processing Ltd during the project.
CAVForth2 will utilize an autonomous version of
the next-generation Enviro100EV electric bus from Alexander Dennis,
also fitted with Fusion’s CAVStar® ADS. This Enviro100AEV will
operate alongside five existing autonomous Alexander Dennis
Enviro200AV buses from the original CAVForth project.
Alexander Dennis’s Head of Concepts and Advanced
Engineering, Jamie Wilson, welcomed the confirmation of UK
Government funding: “This renewed support from the Centre for
Connected and Autonomous Vehicles builds on our achievements in the
CAVForth project and will allow us to further develop autonomous
bus technology here in the UK. This ensures the British bus
industry remains at the forefront of global trends and helps secure
jobs in the automotive industry. Our new Enviro100AEV will
demonstrate another use case for our extremely versatile
next-generation electric bus as Alexander Dennis continues to lead
the transition to zero-emission mobility.”
Automated driving offers potential advantages
over manually driven buses in fuel savings and reduced brake and
tire wear. There can be a 20% variance in fuel consumption across
different bus drivers in a fleet. Fusion Processing will map the
automated drive system to accurately match the best driver,
optimizing acceleration so it is smooth and efficient. The Fusion
system also interrogates the traffic lights and adjusts the
vehicle’s speed to ensure they arrive on green, further reducing
tire and brake wear.
The buses will continue to be staffed by
specially trained ‘Autonomous Bus Professionals’ recruited by
Stagecoach from across its East Scotland business. These
experienced bus drivers will act as safety drivers and monitor the
autonomous system alongside a bus ‘Captain’ who will move around
the vehicle, talking to passengers about the service and answering
any questions they may have.
"CAVForth2 builds on our extensive experience in
developing a fleet of five full size SAE Level 4 autonomous buses,
engineered to operate safely on public roads and extends the route
by a further five miles into a more complex urban environment,”
said Jim Hutchinson, CEO, Fusion Processing Ltd. “We have every
confidence that the next generation of our CAVStar® Automated Drive
System which combines a range of Radar, LiDAR and optical sensors
with state-of-the-art artificial intelligence processing unit will
be up to the task.”
“We’re very proud to be pioneers of this
technology with our plans to roll out the UK’s first full-sized
autonomous bus service in Scotland in the spring,” said Carla
Stockton-Jones, UK Managing Director, Stagecoach. “The government
funding announced today means that we can build further on this
achievement by advancing the technology as we extend our Scottish
bus trial to cover a longer route. We look forward to working with
our partners across the country to roll out CAVForth2 and the other
autonomous projects awarded funding today, which will all help to
ensure that the UK remains firmly on the map for its advancements
in autonomous technology.”
NFI is a leader in low- and zero-emission
mobility, with vehicles operating in 13 countries, moving millions
of people every day. NFI offers the widest range of vehicles
including clean diesel, compressed natural gas, diesel electric
hybrids, and zero-emission battery- and fuel cell-electric buses
and coaches.
High resolution images are available for
download from the Alexander Dennis website at
alexander-dennis.com/media/news.
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 7,500 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’s common
shares trade on the Toronto Stock Exchange (“TSX”) under the symbol
NFI and its convertible unsecured debentures trade on the TSX 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 Alexander Dennis
Alexander Dennis Limited (“Alexander Dennis”) is
a global leader in the design and manufacture of double deck buses
and is also the UK’s largest bus and coach manufacturer. Alexander
Dennis offers single and double deck vehicles under the brands of
Alexander Dennis and Plaxton, and has over 31,000 vehicles in
service in the UK, Europe, Hong Kong, Singapore, New Zealand,
Mexico, Canada, and the United States. Further information is
available at www.alexander-dennis.com.
For media inquiries, please contact:Debbie
McCreath, +44 1324 574479Stefan Baguette, +44 1324
678047press@alexander-dennis.com
For inquiries, please contact:Stephen KingP:
204.224.6382Stephen.King@nfigroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8a922cab-44f5-4efb-9fac-6ac8f138ab0a
NFI (TSX:NFI)
Historical Stock Chart
From Dec 2024 to Jan 2025
NFI (TSX:NFI)
Historical Stock Chart
From Jan 2024 to Jan 2025