In the news release, Community Transit expands BRT service with
26 buses from New Flyer, issued 25-Sep-2018 by New Flyer of America Inc. over
Cision, we are advised by the company that the quantity and type of
buses were incorrect as originally issued inadvertently. Additional
revisions have also been made throughout the release. The complete,
corrected release follows:
Community Transit revitalizes and expands fleet with 44 buses from
New Flyer
ST. CLOUD, MN, Sept. 25, 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 in
North America, today announced
that Community Transit in Everett,
Washington has exercised options for 26 heavy-duty,
sixty-foot Xcelsior® clean-diesel transit
buses (or 52 equivalent units or "EUs"). This order is in addition
to options exercised by Community Transit in June 2017 for 18 heavy-duty, sixty-foot Xcelsior®
clean-diesel transit buses (36 EUs) that are currently being
delivered, for a total of 44 buses (88 EUs).
The 26 articulated buses, engineered for high capacity
transit, will replace older articulated buses that have
reached service lifespan, and are a part of a $20 million investment in asset management and
vehicle replacement. The 18 articulated buses are part of a
$12 million investment to
expand bus rapid transit ("BRT") and increase service in
2019.
"New Flyer is proud to support Community Transit as it pursues
revitalized and expanded mobility in the community of Snohomish County, Washington," said
Wayne Joseph, President, New Flyer
of America. "We are committed to supporting fleet advancement, and
hihg-capacity BRT transit as a key element of multimodal
transit, that will help reduce congestion and augment public
transit success in growing urban areas."
Community Transit serves the public transit authority of
Snohomish County, Washington (a
Seattle metropolitan area) and
delivers over 10 million passenger trips per year. New Flyer has
delivered nearly 300 buses to Community Transit since 1992.
The NFI Group has over 88 years of experience manufacturing
buses. It is the only provider of full suite bus solutions in
North America, offering transit,
motor coach, and low-floor cutaway buses, and in 2018, became the
first bus manufacturer in the world to sign on to the Shared
Mobility Principles for Livable Cities.
About NFI
With nearly 6,000 team members, operating from 31 facilities
across Canada and the United States, NFI Group Inc. 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 Group's 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 Group posted
revenues of US $2.4 billion. NFI
Group Inc. 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.