ST. CLOUD, MN, Feb. 15, 2018 /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 Fort
Worth Transportation Authority (FWTA) has awarded New Flyer with a
new contract for up to 46 Xcelsior® compressed
natural gas (CNG) sixty-foot, heavy-duty transit buses.
The contract includes six firm orders with options to purchase
an additional 40 compressed natural gas (CNG) sixty-foot,
heavy-duty transit buses, which will support Fort Worth's growing population with
efficient, reliable, and affordable transportation. The
Dallas/Fort Worth community is
among the fastest growing metropolitan areas in the country, and by
2035, Tarrant County is projected
to grow by over 50% to 2.8 million residents.
"We are proud to help the FWTA expand its fleet and operation in
the Dallas/Fort Worth area," said
Wayne Joseph, President, New Flyer
of America. "As one of America's fastest-growing regions, it has
illustrated leadership in developing efficient, reliable transit
infrastructure alongside a vibrant and growing community. Our CNG
buses will help deliver on FWTA's Master Plan, while also providing
a sustainable solution for public transportation."
The Fort Worth Transportation Authority is a regional
transportation authority of the State of
Texas, providing public transportation in Tarrant County and the North Central Texas region. It provides more
than 10 million passenger trips annually.
The NFI Group has over 50 years of experience in manufacturing
zero-emission buses (ZEBs).
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-electric.
- 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 7,300
are powered by electric motors and battery propulsion and 1,600 are
zero-emission.
- 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. 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 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.