WINNIPEG, Dec. 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 Grand
River Transit ("GRT") has awarded New Flyer with a contract for 39
Xcelsior® clean diesel forty-foot, heavy-duty
transit buses, and nine Xcelsior® clean diesel
forty-foot, bus rapid transit (BRT) style heavy-duty transit buses.
The order, which incorporated nine new BRT-style buses, converted
39 buses from the option backlog to the firm order backlog.
![New Flyer Industries Inc. (CNW Group/New Flyer Industries Inc.) New Flyer Industries Inc. (CNW Group/New Flyer Industries Inc.)](https://mma.prnewswire.com/media/622005/New_Flyer_Industries_Inc__Grand_River_Transit_expands_BRT_fleet.jpg)
The purchase, supporting scheduled vehicle replacement, also
supports the construction and expansion of GRT's rapid transit
network consisting of ION (which means "going" in Greek) light rail
and ION bus rapid transit. Public Transit Infrastructure
Funds (PTIF) was used to support the purchase. The 39 buses
have been delivered to GRT, with the remaining 9 BRT buses
scheduled for delivery in 2018.
"We are proud to support fleet rejuvenation for Grand River
Transit, as well as the introduction of BRT buses to its ION
transportation network," said Paul
Soubry, President and Chief Executive Officer of NFI Group.
"GRT has exemplified leadership in helping to grow the Canadian
public transportation footprint, and we commend them on an
innovative, multi-modal expansion in the southern Ontario region."
Formed in 2000, Grand River Transit provides transit service in
Kitchener, Waterloo, Cambridge, Elmira, St.
Jacobs and New Hamburg,
operating conventional buses, an express bus network, busPLUS
service for community routes, and door-to-door transit service for
riders with disabilities using specialized vehicles. It operates 70
routes covering more than 16 million kilometres and supporting a
ridership of nearly 20 million each year.
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.
About NFI Group
NFI Group and its subsidiaries comprise the largest bus and
motor coach manufacturer and parts distributor in North America, with 32 fabrication,
manufacturing, distribution, and service centers located across
Canada and the United States and employing nearly 6,000
team members.
NFI Group provides a comprehensive suite of mass transportation
solutions under several brands: New Flyer® (heavy-duty
transit buses), ARBOC® (low-floor cutaway and
medium-duty buses), MCI® (motor coaches), and NFI Parts™
(bus and coach parts, support, and service). NFI Group's
vehicles incorporate the widest range of drive systems available
ranging from clean diesel, natural gas, diesel-electric hybrid,
trolley-electric, battery-electric and fuel cell.
- New Flyer is North America's
heavy-duty transit bus leader and offers the most advanced product
line under the Xcelsior® and Xcelsior CHARGE™ brands.
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.
- ARBOC is North America's
low-floor, body-on-chassis ("cutaway") bus leader serving transit,
paratransit, and shuttle applications. With more than 2,500 buses
in service, ARBOC leads the low-floor cutaway bus market providing
unsurpassed passenger accessibility and comfort over traditional
high-floor cutaway vehicles. ARBOC also offers a medium-duty bus
for transit and shuttle applications.
- Motor Coach Industries is North
America's motor coach leader offering the J-Series, the
industry's best-selling intercity coach for 11 consecutive years,
and the D-Series, the industry's best-selling motor coach line in
North American history. Motor Coach Industries 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 Parts is North America's
most comprehensive parts organization, providing replacement parts,
technical publications, training, service, and support for NFI
Group's bus and motor coach product lines.
Further information is available at www.newflyer.com,
www.arbocsv.com, and www.mcicoach.com. The common shares of 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.
SOURCE New Flyer Industries Inc.