DES PLAINES, IL, March 7, 2016 /CNW/ - (TSX:NFI)
(TSX:NFI.DB.U) Motor Coach Industries ("MCI"), a subsidiary of New
Flyer Industries Inc. (the "Company"), the largest bus and motor
coach manufacturer and parts distributor in North America, will build 42 more MCI D-Series
Commuter Coaches for Denver Regional Transportation District
("RTD"), valued at approximately $24.6
million. Denver RTD is exercising an option on an earlier
contract for 54 commuter coaches delivered in 2013. The agency
purchased 59 additional MCI Commuter Coaches in 2015 for its new
Flatiron Flyer BRT (bus rapid transit) service between Denver and Boulder.
The newest coaches, to be delivered later in spring, will
operate on RTD regular-route express service.
"The new coaches are replacing 12- to 15-year-old models that
have reached the end of their useful lifespan," said Bruce Abel, Denver RTD's Assistant General
Manager of Bus Operations. "MCI has been a great vehicle for us,
and they were the successful bidder in our original RFP. We look
forward to providing exceptional service to our passengers with
these latest coaches."
The MCI Commuter Coach features plush, forward facing seating
and overhead parcel racks with individual reading lights and
airflow controls. Engineered to provide a comfortable, safe ride on
express and highway routes, Denver RTD's new Commuter Coaches are
each equipped 110V / USB outlets at each seat, bike racks, a
wheelchair lift and the latest clean-diesel engine technology for
near-zero emissions. The model, 2015's best-selling coach, also
offers ease of maintenance and low total cost of operation. MCI's
data shows the model to be 10 times more reliable than the closest
competitor, according to MCI.
"Denver is often lauded for its
excellent public transportation system, which takes riders nearly
anywhere in the Mile High City by light rail, bus or on our
Commuter Coach," said Tom Wagner,
MCI Vice President of Public Sector Sales. "We're honored to serve
Denver as RTD continues to expand
and offer an upscale passenger experience, helping to get commuters
out of their cars and fight traffic congestion."
Denver RTD is constructing the voter-approved FasTracks transit
expansion that will add 122 miles of new commuter rail and light
rail, 18 miles of bus rapid transit service, 21,000 new parking
spaces at rail and bus stations, and enhanced bus service across
the eight-county district. All together Denver RTD operates more
than 1,000 buses and has a fleet of 119 MCI Commuter Coaches. Learn
more at RTD-Denver.com.
NOTE: All dollar amounts are stated in U.S. currency.
About the Company
The Company employs approximately 5,000 team members and is the
largest transit bus and motor coach manufacturer and parts
distributor in North America with
fabrication, manufacturing, distribution and service centers in
Canada and the United
States.
Through its Canadian and U.S.
subsidiaries, Motor Coach Industries Limited and Motor Coach
Industries, Inc. (together, "Motor Coach Industries"), the Company
is North America's leader in motor
coaches, offering the MCI J4500, which is the industry's
best-selling intercity coach for 11 consecutive years, and the MCI
D-Series, the industry`s best-selling coach line in North American
motor coach history. MCI is also the exclusive distributor of
Setra S417 and S407 in the United
States and Canada. MCI actively supports over 28,000
motor coaches currently in service and offers 24-hour roadside
assistance 365 days a year.
Through its Canadian and U.S.
subsidiaries, New Flyer Industries Canada ULC and New Flyer of
America Inc. (together, "New Flyer"), the Company is North America's heavy-duty transit bus leader
and offers the broadest transit bus product line
(Xcelsior® and MiDi® models), incorporating
the broadest range of drive systems available, including: clean
diesel, natural gas, diesel-electric hybrid, electric-trolley and
now battery-electric. New Flyer actively supports over 42,000
heavy-duty transit buses (New Flyer, NABI and Orion) currently in
service.
The Company also operates North
America's most sophisticated aftermarket parts organization
providing support for all types of transit buses and motor
coaches. All buses and coaches are supported by an
industry-leading comprehensive warranty, service and support
network.
Further information is available on the Company's websites at
www.mcicoach.com and 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 motor coaches and to
purchase parts or services, customers may not exercise options to
purchase additional motor coaches, 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.