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NFI Group (TSX:NFI) and Robotic Research to bring automated driving systems to North American transit agencies

Transport
TSX:NFI
12 August 2021 12:00 (EDT)

NFI Group (NFI) has signed an agreement with Robotic Research to deploy advanced driver-assistance systems in transit fleets across North America.

Robotic Research is a global leader in autonomous technology and platooning systems for commercial and defence customers.

Through the agreement, NFI is developing North America’s first automated transit bus, the Xcelsior AV, and will incorporate Robotic Research’s AutoDrive technology into new and existing public transit vehicles.

Paul Soubry, president and CEO of NFI, commented on the agreement.

“Through our four-pillar approach to mobility solutions,” he said, “we are enabling the new mobility era. Expanding our AV capabilities is a critical part of that vision and fits with our strategy to invest in high-growth areas.”

Ultimately, the company stated, automated vehicles will contribute to improving road safety and shorten commute times to increase energy efficiency and reduce congestion.

Robotic Research’s AutoDrive technology enables precision docking, allowing the bus to maneuver within inches of the level boarding platforms and improving access for passengers with disabilities.

Alberto Lacaze, president of Robotic Research, commented, “The agreement will also help transit authorities save money by detecting and preventing accidents before they occur, which will address a major cost of insurance for transit agencies overall.”

NFI Group is a Canadian automobile manufacturer. It is a leader in zero-emission mobility, with electric vehicles operating or on order in more than 80 cities in five countries.

The company supports growing North American cities with scalable, clean, and sustainable mobility solutions.

NFI Group Inc. (NFI) is up 1.39 per cent, trading at $30.67 per share as of 11:24 am ET.

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