ST. CLOUD, MN, Sept. 26, 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 City
of Phoenix Public Transit Department has exercised an option with
New Flyer for thirty more Xcelsior® compressed
natural gas (CNG) buses, consisting of 16 forty-foot heavy-duty
transit buses, and 14 (or 28 equivalent units) sixty-foot
heavy-duty transit buses, which will be converted from New Flyer's
backlog to a firm order.
The option is part of a contract approved in November 2014, and will be deployed on
City of Phoenix commuter
(RAPID®) routes starting 2018.
"Following a recent award to the City
of Phoenix, New Flyer is proud to again support expansion of
the City's fleet with low-emission buses as it pursues its
Transportation 2050 plan," stated Wayne
Joseph, President of New Flyer of America. "We pride
ourselves on delivering safe and reliable buses built in America,
and are dedicated to supporting growth of Phoenix bus ridership with sustainable
solutions that help connect communities."
The City of Phoenix Public Transit Department provides
Phoenix residents a variety of
transit options and is the largest member of the Valley Metro
regional transit system, delivering more than 34 million bus trips
per year in the City of
Phoenix.
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
5,600 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.