ST. CLOUD, MN, Oct. 10, 2017 /CNW/ - (TSX: NFI) New Flyer of
America Inc. ("New Flyer"), the U.S. subsidiary of New Flyer
Industries Inc. ("NFI Group"), the largest transit bus and motor
coach manufacturer and parts distributor in North America, today announced that the Los
Angeles County Metropolitan Transportation Authority (LACMTA or "LA
Metro") has awarded New Flyer a contract for up to 300
Xcelsior® compressed natural gas (CNG), 60-foot
heavy-duty transit buses. The contract is for 65 firm orders and
options to purchase an additional 235 buses. This new
award will add a total of 600 equivalent units to New Flyer's
backlog.
The buses support LA Metro's commitment to sustainable
transportation, which works toward a vision of all-electric public
transportation by 2030. The CNG award immediately follows LA
Metro's award of up to 100 60-foot battery-electric buses to New
Flyer.
The award is supported the Federal Transit Administration (FTA)
Local Labor Hiring Pilot Program, which enables FTA grantees,
including states and local agencies, to utilize social or economic
contracting requirements in competitive bidding. In addition,
the Transportation Diversity Council (TDC) will assist with local
employment, hiring a diverse workforce, and the addition of
life-skills training to the New Flyer Institute, the Company's
proprietary learning center.
"We are thrilled to build on both our low and no emission
footprint in America with an exceptionally progressive partner such
as LA Metro," said Wayne Joseph,
President of New Flyer of America. "Together, we are building
sustainable transit infrastructure, preserving the environment, and
supporting the development and maintenance of local jobs. We are
proud to be the largest employer of US workers of any transit bus
manufacturer in North
America."
The NFI Group is committed to advancing innovation in the
transit industry, and is working to support cities with buses that
support development of smart, connected communities while also
preserving the environment through Low or No (Low-No) Emission
solutions. It has over 50 years of experience in manufacturing
zero-emission buses (ZEBs).
New Flyer has bus service, parts, and manufacturing support at
three California facilities
located in Ontario, Los Alamitos, and Fresno. LA Metro currently serves as the
transportation planner, coordinator, designer, builder, and
operator for over 10 million people residing in a 4,000-square mile
area. This year, it committed to an all-electric bus fleet by
2030.
About NFI Group
NFI Group 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
5,800 team members.
It 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. NFI Group 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.
NFI Group 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.
NFI Group also 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 NFI Group websites at
www.newflyer.com and www.mcicoach.com. The common shares of the NFI
Group 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 NFI Group 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 NFI Group 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 of America Inc.