ST. CLOUD, MN, Sept. 4, 2018 /CNW/ - (TSX: NFI) New Flyer
of America Inc. ("New Flyer"), the U.S. subsidiary of NFI Group
Inc. ("NFI"), the largest transit bus and motor coach manufacturer
and parts distributor in North
America, today announced that the Regional Transportation
Commission of Southern Nevada
("RTC") exercised options for two orders: one for 40 sixty-foot
compressed natural gas ("CNG") and 15 forty-foot CNG
Xcelsior® heavy-duty transit buses (for a total of
95 equivalent units or "EUs").
The buses represent executed options from New Flyer's contract
with RTC which began in 2015. New Flyer has delivered 146 Xcelsior
CNG buses to RTC since 2013, of which 81 were high-capacity,
sixty-foot transit buses.
"New Flyer is proud to be an innovator in the heavy-duty transit
bus industry, increasing efficiency and reducing greenhouse gases
with versatile propulsion solutions," said Wayne Joseph, President of New Flyer of America.
"We have a great relationship with the RTC and look forward to
continuing that partnership with low-emission, high-capacity buses
that improve transit mobility while eliminating emissions."
RTC is a regional entity overseeing public transportation,
traffic management, transportation and funding for Southern Nevada, and delivered over 63 million
boardings in 2017 in the greater Las Vegas Valley.
New Flyer has been leading innovation in transit for over 85
years. In 2017, it opened the Vehicle Innovation Center, the first
and only innovation lab of its kind dedicated to advancing bus and
coach technology, and in 2018 became the first bus manufacturer in
the world to sign on to the Shared Mobility Principles for Livable
Cities. It is the only provider of full suite bus solutions in
North America, offering transit
buses, motor coaches, and low-floor cutaway buses.
About NFI
With nearly 6,000 team members, operating from 31 facilities
across Canada and the United States, NFI is North America's largest bus manufacturer
providing 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™ (parts,
support, and service). NFI buses incorporate the widest range of
drive systems available including: clean diesel, natural gas,
diesel-electric hybrid, and zero-emission electric (trolley,
battery, and fuel cell). For the fiscal year ended December 31, 2017, NFI posted revenues of US
$2.4 billion. NFI common shares are
traded on the Toronto Stock Exchange under the symbol NFI. News and
information are available at www.nfigroup.com.
About New Flyer
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. Further information is available at
www.newflyer.com.
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.