WINNIPEG, June 27, 2017 /CNW/ - (TSX: NFI) (TSX:
NFI.DB.U) New Flyer Industries Inc. ("New Flyer" or the "Company"),
the largest transit bus and motor coach manufacturer and parts
distributor in North America,
announced today that Brampton Transit has awarded New Flyer with a
contract for 14 (or 28 equivalent units) New Flyer
Xcelsior® clean diesel powered, sixty-foot articulated
heavy-duty buses.
"We are proud to support the expansion of Züm infrastructure in
the city of Brampton," stated
Paul Smith, New Flyer Executive Vice
President of Sales and Marketing. "New Flyer is thrilled to
continue being awarded with opportunities that build cities with
safe and sustainable public transit solutions, namely in
Canada's fourth-fastest growing
city."
The vehicles will be delivered to Brampton Transit starting Q1
2018.
About The Company
The Company 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 and employs approximately 5,300 team
members.
Through its Canadian and U.S. subsidiaries, New Flyer Industries
Canada ULC and New Flyer of America Inc., the Company is
North America's heavy-duty transit
bus leader and offers the broadest transit bus product line under
the brand Xcelsior®, 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 44,000 heavy-duty transit buses
(New Flyer, NABI and Orion) currently in service.
Through its Canadian and U.S. subsidiaries, Motor Coach
Industries Limited and Motor Coach Industries, Inc., 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.
The Company also operates North
America's most comprehensive 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.newflyer.com and www.mcicoach.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 suspend or 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.