WINNIPEG, Nov. 20, 2017 /CNW/ - (TSX: NFI) New Flyer
Industries Canada ULC ("New Flyer"), the Canadian 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 South
Coast British Columbia Transportation Authority ("TransLink") has
awarded New Flyer with a contract for 106
Xcelsior® compressed natural gas (CNG) forty-foot,
heavy-duty transit buses.
The order was supported by the Federal Gas Tax Fund, through
which the Government of Canada
provides funding for municipal infrastructure, including public
transit. The funds are administered in B.C. by the Union of British
Columbia Municipalities.
The CNG buses will be equipped with 2018 Cummins L9N engines,
which provide a significantly reduced carbon footprint1
supporting TransLink's planned fleet rejuvenation initiative and
vision for increasingly sustainable transit. In October 2017, the Metro Vancouver transit system
was named the third most sustainable transit system in North America by the Arcadis Sustainable
Cities Mobility Index, and in the same month, the City of Vancouver committed to purchasing only
zero-emission buses by 2025 with a goal to achieve zero-emission
status by 2030.
"We are proud to build on our longstanding relationship with
TransLink as it evolves to a desired state of low and no emission
public transportation," said Paul
Smith, New Flyer's Executive Vice President of Sales and
Marketing. "With a focus on sustainable transit, New Flyer will
continue to evolve alongside leaders like TransLink, building
reliable and innovative technology to support healthy communities,
to preserve the environment, and to foster smart, connected
cities."
TransLink delivers public transportation services through Coast
Mountain Bus Company, British Columbia Rapid Transit Company Ltd.
(SkyTrain) and West Coast Express Ltd., across an 1,800 square
kilometer area in the Metro Vancouver region. On an average
weekday, there are approximately 1.3 million boardings on the
TransLink system.
The NFI Group has over 85 years of experience manufacturing
buses in Canada, and is focused on
advancing vehicle innovation through development of Canadian-based
intellectual property and removal of barriers to adopting
zero-emission vehicles and autonomous driving technologies. The NFI
Group has over 50 years of experience in manufacturing
zero-emission buses (ZEBs).
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 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, 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.
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1
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NOx emissions
reduction from 0.2 to 0.02g/bhp-Hr
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SOURCE New Flyer Industries Inc.