ST. CLOUD, MN, Aug. 3, 2017 /CNW/ - (TSX: NFI) New Flyer of
America Inc. ("New Flyer"), the U.S. subsidiary of New Flyer
Industries Inc. (the "Company"), the largest transit bus and motor
coach manufacturer and parts distributor in North America, today announced that the New
York City Transit Authority (NYCT) has awarded New Flyer with
a contract for an additional 377 Xcelsior® forty-foot,
heavy-duty transit buses.
The contract, which includes 367 clean diesel and 10
diesel-electric powered Xcelsior buses, will deploy buses into the
NYCT network over the next two years as part of its 2015-2019
Capital Program. The Capital Program's mandate is to rejuvenate and
expand the NYCT public transportation fleet across the Metropolitan
Transportation Authority (MTA), which operates subways, buses,
commuter trains, bridges, and tunnels to transport over two billion
riders per year.
"Since 1988, New Flyer has delivered over 2,300 buses to NYCT,"
stated Wayne Joseph, President of
New Flyer of America. "As NYCT rebuilds and expands its
transportation infrastructure, New Flyer will deploy buses with
enhanced safety and comfort, better driver visibility, pedestrian
turn warning, Wi-Fi, and USB port features to improve the bus rider
experience."
The MTA is North America's
largest transportation network, serving a population of 15.3
million people in the 5,000-square-mile area from New York City through Long Island, southeastern New York State, and Connecticut.
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 across America. It employs over
5,400 team members.
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, trolley-electric, and
battery-electric. New Flyer actively supports over 44,000
heavy-duty transit buses (New Flyer, NABI, and Orion) currently in
service, of which 6,400 are powered by electric and battery
propulsion.
The Company is also North
America's motor coach market leader offering the Motor Coach
Industries (MCI) J-Series, the industry's best-selling intercity
coach for 11 consecutive years, and the MCI D-Series, the
industry's best-selling motor coach line in North American history.
MCI is also the exclusive distributor of Daimler's Setra S 417 and
S 407 motor coaches in the United
States and Canada. MCI
actively supports over 28,000 coaches currently in service.
The Company 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 of the
Company are traded on the Toronto Stock Exchange under the symbol
NFI.
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.