The Birmingham-Jefferson County Transit Authority awards New Flyer
a contract for 50 Xcelsior 40-foot buses
WINNIPEG,
Jan. 29, 2013 /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
the United States and Canada, announced today that the
Birmingham-Jefferson County Transit Authority ("BJCTA") has awarded
New Flyer a contract for 50 Xcelsior compressed natural gas ("CNG")
40-foot heavy-duty buses.
The five year contract contains a firm order of
20 CNG buses with three options of up to 10 CNG buses each. In
addition to the firm order for 20 buses, BJCTA is also exercising
10 option buses at this time. This award was part of the group of
firm and option orders for 630 new buses (801 EUs) noted in the New
Flyer press release of January 9,
2013 as pending from a number of customers where approval
had been granted by the customer's board, council, or commission,
as applicable, but purchase documentation had not yet been received
by the Company and therefore not yet included in the backlog.
With their current order of New Flyer buses,
BJCTA continues its transition to an all-CNG transit fleet
supporting its quest to reduce green house gas emissions. CNG
propulsion is a cleaner, more efficient system than a standard
diesel system, with such benefits as enhanced air quality and
reduction in pollutants.
"BJCTA is in the process of replacing its entire
fleet with state of the art compressed natural gas buses for the
benefit of its riders and continuing its commitment to air quality
and pollution control," said Ann Dawson
August, Executive Director for Birmingham-Jefferson County
Transit Authority. "Partnering with New Flyer on this project was a
smart and simple decision."
"This is BJCTA's first order of New Flyer
buses," said Paul Soubry, President
and CEO of New Flyer. "We feel privileged to provide
Birmingham with our 'best in class' Xcelsior bus and are proud to
partner with an organization committed to the environment."
The 30 CNG buses are anticipated to begin
production in the second quarter of 2013. All buses are expected to
be delivered by the third quarter of 2013.
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 2,200
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.