ST. CLOUD, MN, March 22, 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
Central Ohio Transit Authority ("COTA") has awarded New Flyer a new
contract for 154 Xcelsior® compressed natural gas
("CNG") forty-foot, heavy-duty transit buses (154 equivalent units)
over the next five years.
The contract includes 28 firm orders with options to purchase an
additional 126 compressed natural gas (CNG) forty-foot, heavy-duty
transit buses, which will replace end-of-life vehicles with
more efficient CNG buses over the next five years. The purchase was
supported by local, state, and Federal Transit Administration
funding.
The Central Ohio Transit Authority serves greater Columbus and
central Ohio, covering 1.2 million
residents and providing more than 18 million passenger trips
annually. In 2013, COTA made the commitment to move its entire
fleet to compressed natural gas within 12 years, and in 2017
introduced its newly redesigned route network featuring more
frequent service, and better connections to more destinations,
seven days a week. In 2018, COTA introduced CMAX, Central Ohio's first Bus Rapid Transit line,
and is investing in infrastructure and technology upgrades to
improve transit service and the customer experience. Details can be
found at www.cota.com.
"New Flyer is proud to support the Central Ohio Transit
Authority with expanding its low-emission bus fleet in pursuit of
sustainable and connected transportation," said Wayne Joseph, President, New Flyer of America.
"COTA has proven itself a visionary in the development of future
mobility, and we are thrilled to participate in defining the cities
of the future alongside the growing community of greater Columbus
and central Ohio, and the talent
in transportation and technology in the region."
In 2018, New Flyer committed to leading collaboration,
cooperation, and the technological advancement of Smart Mobility in
North America. It also became a
signatory of the Shared Mobility Principles for Livable Cities,
which facilitates collaboration in developing multimodal,
integrated cities through technology-driven innovation. For
information on Shared Mobility Principles, visit
https://www.sharedmobilityprinciples.org/.
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.