WINNIPEG, Nov. 21, 2014 /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
Winnipeg Transit has awarded New Flyer a contract for 58
Xcelsior® clean diesel 40-foot low floor transit
buses, with 3 one-year optional contract extensions for
approximately 33 additional buses each year. Winnipeg Transit
currently operates 575 heavy-duty transit buses.
"Improving service to our customers is at the forefront of what
we aim to accomplish," said Dave
Wardrop, Director of Winnipeg Transit. "These new Xcelsior
buses are part of the natural replacement cycle of Winnipeg Transit
buses that have reached the end of their service life and will be
placed into service on various routes throughout the City of Winnipeg."
"We're very proud of our partnership with Winnipeg Transit and
really excited to soon have our next generation Xcelsior transit
buses operating on the streets of Winnipeg," said Paul
Soubry, New Flyer's President and Chief Executive
Officer. "There's a lot of history between Winnipeg Transit
and New Flyer, and we couldn't feel more privileged to provide
Winnipeg transit riders a sense of
pride for a bus designed and built by a local company. Having
secured this award through open competition reinforces that our
efforts to deliver industry leading buses at winning prices
delivers best value to Winnipeg
and to transit systems all over North
America."
New Flyer has built or has on order more than 5,000 next
generation Xcelsior buses in a variety of lengths and propulsion
systems. The Xcelsior delivers an improved experience for
drivers, passengers, and mechanics, and offers significant
operating savings over the life of the bus. All New Flyer
buses come with a comprehensive warranty that is backed by the
industry's leading aftermarket parts and product support team.
About New Flyer
New Flyer is the leading manufacturer
of heavy-duty transit buses in the United
States and Canada. The Company is the industry
technology leader and offers the broadest product line of transit
buses including drive systems powered by: clean diesel, natural
gas, diesel-electric hybrid, electric trolley and now,
battery-electric. All buses are supported by an
industry-leading comprehensive warranty and support program, and
service network. New Flyer also operates the industry's most
sophisticated aftermarket parts organization, sourcing parts from
hundreds of different suppliers and providing support for all types
of transit buses.
The New Flyer group of companies employ over 3,000 team members
with manufacturing, fabrication, parts distribution and service
centers in both Canada and the
United States. Over 32,000 New Flyer and NABI heavy-duty
transit buses are in operation today. Further information is
available on New Flyer's web site at www.newflyer.com.
The common shares and convertible unsecured subordinated
debentures of the Company 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.