ST. CLOUD, MN, Nov. 6, 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 Valley
Metro Regional Public Transportation Authority ("RPTA" or "Valley
Metro") and City of Phoenix Public Transit Department, together
through a joint procurement, have awarded New Flyer with a firm
contract for 199 Xcelsior® compressed natural gas
(CNG), forty-foot heavy-duty transit buses, which will be converted
from New Flyer's backlog to a firm order.
![New Flyer of America (CNW Group/New Flyer of America Inc.) New Flyer of America (CNW Group/New Flyer of America Inc.)](https://mma.prnewswire.com/media/597899/New_Flyer_of_America_Inc__Valley_Metro_and_City_of_Phoenix_Award.jpg)
The contract, which was supported by Federal Transit
Administration funding and includes options for 197 buses over five
years, is the second joint procurement for RPTA and the
City of Phoenix. The buses will be
deployed on Valley Metro's regional transit system as well as
City of Phoenix routes starting
2018, and support Valley Metro's 2016-2020 strategic plan to grow
transit ridership and advance the value of transit.
"We are proud to continue our longstanding relationship with
Valley Metro and the City of
Phoenix," stated Wayne
Joseph, President of New Flyer of America. "For over ten
years, New Flyer has provided public transportation in Arizona that helped support regional and city
growth. We are proud to now provide CNG buses that will help lower
emissions, as well as strengthen transit ridership in communities
with safe and reliable bus service."
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 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 of America Inc.