WINNIPEG,
June 17, 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 Metropolitan
Atlanta Rapid Transit Authority ("MARTA") has awarded New Flyer a
contract for 265 30-foot and 40-foot heavy-duty buses with
compressed natural gas ("CNG") propulsions.
The contract for 265 buses contains a firm order
of eight Low Floor Restyled ("LFR") CNG 30-foot buses and 80
Xcelsior™ CNG 40-foot buses with options for an additional 177
Xcelsior™ CNG or hybrid 40-foot buses to be exercised at a later
date.
"We are excited to bring these New Flyer buses
on board to enhance service to our customers," said MARTA Chief
Operations Officer Rich Krisak.
"These buses, which will replace vehicles that have reached
retirement age, are equipped with advanced technology to provide an
overall better, more reliable transit experience."
Since 1990, New Flyer has built and delivered
926 buses for MARTA in various models, lengths and
propulsions. MARTA's 91 bus routes employ over 531 buses and
served more than 62 million passenger boardings in fiscal year
2012. With the majority of its fleet represented by CNG
buses, Atlanta has demonstrated
its commitment to pursuing favorable sustainability
practices. CNG systems reduce greenhouse gas emissions when
compared to standard diesel propelled buses, leading to a healthier
environment.
"We value our relationship with MARTA and
commend them on their environmental commitments," said Paul Soubry, President and CEO of New Flyer.
"MARTA has become a great example of a green transit company. Not
only do they work hard to reduce greenhouse gas emissions within
the city, they strive to offer an efficient and enjoyable means of
travel in order to expand its base of transit users and reduce
traffic congestion."
The firm order of 88 buses is anticipated to
begin production in the second quarter of 2013. All buses are
expected to be delivered by the fourth 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.