ST. CLOUD, MN, Aug. 14, 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 it is advancing
production of 105 Xcelsior® diesel-electric hybrid,
forty-foot heavy-duty transit buses for the Southeastern
Pennsylvania Transportation Authority (SEPTA). It is the second
installment of a five-year contract for 525 hybrid buses approved
by SEPTA in May 2016.
The buses will be deployed in the City
of Philadelphia and surrounding suburbs of Delaware, Montgomery, Bucks, and Chester, supporting four million people living
in and around southeastern Pennsylvania. The diesel-electric Xcelsiors
will help deliver on SEPTA's strategic focus on environmental
sustainability and tightened emissions controls.
SEPTA General Manager Jeffrey
Knueppel noted that while over half of SEPTA's current bus
fleet are diesel-electric hybrids, at the conclusion of the
five-year contract, hybrids will comprise 95% of its bus
fleet. "Public transportation is an environmentally friendly
way to get around, and it's only getting greener with more hybrid
buses on the road," Knueppel said. "SEPTA is proud to be an
industry leader in providing cleaner, more fuel efficient travel by
increasing hybrid buses in its fleet."
"We are proud to deliver electric hybrids to the City of Philadelphia and the region," stated
Wayne Joseph, President of New Flyer
of America. "As SEPTA continues to deliver on innovation,
intregration, and renewal through 2019, we will be there to support
its goals of lower emissions, realiable transportation, and greater
environmental sustainability."
SEPTA is one of only two U.S. transit authorities that operates
all five major types of terrestrial transit vehicles: regional
(commuter) rail trains, heavy rapid transit (subway/elevated)
trains, light rail vehicles (trolleys), trolley buses, and motor
buses.
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.