Rochester-Genesee, NY Awards New Flyer A New Contract For 129
Xcelsior Transit Buses
WINNIPEG,
Nov. 9, 2012 /CNW/ - (TSX:NFI;
TSX:NFI.DB.U) New Flyer Industries Inc. ("New Flyer" or the
"Company"), the leading manufacturer of heavy-duty transit buses in
Canada and the United States, announced today that
Rochester-Genesee Regional Transportation Authority ("RGRTA") has
awarded New Flyer a contract for 129 40-foot clean diesel powered
Xcelsior buses. The RGRTA board approved the contract for
delivery of 33 firm buses with options for an additional 96 buses
over the five-year term of the contract.
"New Flyer is delighted to continue building
buses for Rochester-Genesee Regional Transportation
Authority. They are such a great example of a dependable and
progressive transit agency that focuses on high quality and best
value over the life of a transit bus. Since 1999, New Flyer
has proudly delivered 73 buses to RGRTA in a variety of lengths and
models," said Paul Soubry, New
Flyer's President and Chief Executive Officer. "RGRTA fleet
will continue to have the full support of the New Flyer warranty,
service, training, spare parts and lifetime Customer Care
program."
The 33 Xcelsior buses will begin production
immediately and are expected to be delivered in the second quarter
of 2013. The buses will be completely manufactured and assembled at
New Flyer of America's St. Cloud,
Minnesota manufacturing facility.
RGRTA's active fleet size is approximately 250
buses, of which 29% are New Flyer buses.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses
in the United States and
Canada. The Company's three
manufacturing facilities - in St. Cloud,
MN; Crookston, MN; and
Winnipeg, MB - are all ISO 9001,
ISO 14001 and OHSAS 18001 certified. The Company currently
operates a parts fabrication facility in Elkhart, IN and four parts distribution
centers in Erlanger, KY;
Fresno, CA; Winnipeg, MB and Brampton, ON. The Company also operates
a service center in Arnprior,
ON.
With a skilled workforce of over 2,000
employees, New Flyer is a technology leader, offering the broadest
product line in the industry, including drive systems powered by
clean diesel, LNG, CNG and electric trolley as well as
energy-efficient diesel-electric hybrid vehicles. New Flyer
has delivered over 32,000 heavy-duty buses in the United States and Canada. All products are supported with
an industry-leading, comprehensive parts and service network.
Further information is available on New Flyer's web site at
www.newflyer.com.
The common shares and convertible unsecured
subordinated debentures of New Flyer are traded on the Toronto
Stock Exchange under the symbols NFI and NFI.DB.U,
respectively.
Forward-Looking Statements
This press release may contain forward-looking statements relating
to expected future events and financial and operating results of
the Company that involve risks and uncertainties. Although
the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions,
investors cannot be assured that actual results will be consistent
with these forward-looking statements, and the differences may be
material. Actual results may differ materially from
management expectations as projected in such forward-looking
statements for a variety of reasons, including market and general
economic conditions and economic conditions of and funding
availability for customers to purchase buses and to purchase parts
or services, customers may not exercise options to purchase
additional buses, the ability of customers to terminate contracts
for convenience and the other risks and uncertainties discussed in
the materials filed with the Canadian securities regulatory
authorities and available on SEDAR at www.sedar.com. Due to
the potential impact of these factors, the Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless required by applicable law.
SOURCE New Flyer Industries Inc.