Five-Year Contract for 525 Total
Vehicles
ST. CLOUD, MN, March 14, 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 it is advancing
third year production of 100
Xcelsior® diesel-electric hybrid, forty-foot
heavy-duty transit buses for the Southeastern Pennsylvania
Transportation Authority ("SEPTA"). It is the third installment of
a five-year contract for a total of 525 hybrid buses approved by
SEPTA in May 2016.
![New Flyer of America Inc. (CNW Group/New Flyer of America Inc.) New Flyer of America Inc. (CNW Group/New Flyer of America Inc.)](https://mma.prnewswire.com/media/654514/New_Flyer_of_America_Inc__New_Flyer_Advances_Third_Year_Installm.jpg)
The buses will be deployed in the City
of Philadelphia and surrounding suburbs of Delaware, Montgomery, Bucks, and Chester, supporting four million people living
in and around southeastern Pennsylvania. The hybrid diesel-electric
Xcelsior buses support SEPTA's "SEPT-AINABLE 2020" program, focused
on achieving sustainability through a "triple bottom line" approach
that includes the natural environment, healthy communities and
workforce, and economic vitality.
At the conclusion of the five-year contract, hybrids will
comprise 95 percent of SEPTA's bus fleet.
"SEPTA is proud to be an industry leader in providing cleaner,
more fuel efficient travel by increasing the number of hybrid buses
in its fleet," SEPTA General Manager Jeffrey D. Knueppel said. "We look forward to
getting these new 100 Xcelsior diesel-electric hybrids into service
for our customers."
"We are proud to again deliver hybrid electric buses to SEPTA,"
stated Wayne Joseph, President of
New Flyer of America. "Through integrating more fuel efficient
transportation and driving meaningful change through SEPT-AINABILE
2020, SEPTA has demonstrated industry leadership. New Flyer will
continue supporting its goals of more sustainable and accessible
public transportation, to foster better health and economic
vitality in the surrounding communities."
SEPTA is one of only two U.S. transit authorities operating all
five major types of terrestrial transit vehicles: regional rail
trains, heavy rapid transit trains, light rail vehicles, trolley
buses, and motor buses. It has an annual ridership of over 300
million.
NFI Group has over 50 years of experience in manufacturing
zero-emission buses (ZEBs) and employs more American workers than
any other transit bus manufacturer in the U.S.
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.