ST. CLOUD, MN, Nov. 29, 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 Blacksburg
Transit ("BT"), through the Commonwealth of Virginia, has exercised an option with New
Flyer for four Xcelsior® clean diesel, sixty-foot
heavy-duty transit buses. The order is part of a state schedule and
options are not recorded in the backlog.
"We are proud to once again provide the buses that BT needs to
move both citizens, and students at Virginia
Tech, throughout the community," said Wayne Joseph, President, New Flyer of America.
"As a hub for innovation, Virginia Tech
strongly aligns with New Flyer's vision to advance bus technology
in America. The new Xcelsior buses for BT are fully accessible and
feature American innovation in motion, to better serve passengers
in Southwest Virginia."
The purchase, which executes on planned fleet expansion and
replacement initiatives, was supported by a combination of state
and federal funding. Virginia's
Smart Scale program provided a significant portion of funding for
this project. Established by the 2014 General Assembly, Smart Scale
scores transportation projects based on an objective, outcome-based
process that is transparent to the public and allows
decision-makers to be held accountable to taxpayers. Once projects
are scored and prioritized, the Commonwealth Transportation Board
has the best information possible to select the right projects for
funding.
BT provides public transportation for Blacksburg, Virginia Tech, Christiansburg, and portions of Montgomery County. Over 3.7 million customers
use BT's services each year, making it the fifth highest ridership
bus system in the Commonwealth of Virginia. There are 68 vehicles in the fleet,
varying in size from vans to 60-foot long articulated transit
buses.
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 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.