WINNIPEG, Aug. 16, 2017 /CNW/ - (TSX: NFI) New Flyer
Industries Canada ULC ("New Flyer"), the Canadian 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
City of Winnipeg, acting through
Winnipeg Transit, has awarded New Flyer a contract extension for 70
Xcelsior® clean diesel, forty-foot heavy-duty transit buses, which
will be converted from New Flyer's option backlog to a firm
order.
The buses will be deployed on the Winnipeg Transit network in
2018, which moves nearly four million bus riders per month in the
city, outpacing national growth rates. The purchase, which utilizes
the Canadian Government's Public Transit Infrastructure Fund
(PTIF), supports Winnipeg Transit's focus on enhancing sustainable
transit and transportation solutions.
"We have proudly supported public transportation in our home
city for over 30 years now," said the Company's President and Chief
Executive Officer Paul Soubry. "We
greatly appreciate the opportunity to continue building on our
relationship with Winnipeg Transit (in this case won through a
competitive procurement in 2014), and to see New Flyer buses on our
own streets developed by local engineering, innovation, and
talent."
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 Canada. 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 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 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.