ST. CLOUD, MN, Sept. 28, 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
Tri-County Metro Transportation District of Oregon ("TriMet") has awarded New Flyer a
contract for five Xcelsior® battery-electric,
zero-emission, forty-foot heavy-duty transit buses.
It is TriMet's first move in deploying a long-term test of
battery-electric buses within their network, in consideration of
transition to an all-electric fleet, and also delivers on goals of
advancing bus technology and planning for the future of transit.
TriMet has partnered with Portland General Electric (PGE) to
purchase, own, and maintain the charging infrastructure.
The contract, which includes the Xcelsior battery-electric buses
and charging hardware, is supported by a grant from the Federal
Transit Administration (FTA) Low or No (Low-No) Emission Vehicle
Deployment Program. Xcelsior battery-electric buses offer up to USD
$400,000 in energy savings and up to
USD $125,000 in maintenance savings
over a twelve year life span, and can travel up to 230 miles on a
single charge1.
"We are thrilled to be part of TriMet's first investment in 100%
electric, zero-emission transportation," stated Wayne Joseph, President of New Flyer of America.
"With this Low-No contract, we take another step in the evolution
of America's transit bus fleets to electric propulsion. We commend
TriMet on leading change toward lower emissions and greater
environmental sustainability."
TriMet provides bus, light rail, and commuter rail service in
the Portland, Oregon region
supporting 1.5 million residents who take over 100 million trips
each year.
The Company has over 50 years of experience in manufacturing
zero-emission buses (ZEBs), and employs more American workers than
any other bus manufacturer in the industry.
About The Company
The Company is the largest transit bus and motor coach
manufacturer and parts distributor in North America, with 31 fabrication,
manufacturing, distribution, and service centers across
Canada and the U.S. employing over
5,600 team members.
The Company is North America's
heavy-duty transit bus leader and offers the largest 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 Inc. (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 parts organization, NFI Parts™,
providing parts, technical publications, training, and support for
its OEM product lines (transit buses and motor coaches). All buses
and coaches are also 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.
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1 230 miles with a 480 kWH charge, range per FTA
Altoona Test Protocol
SOURCE New Flyer Industries Inc.