ST. CLOUD, MN, Dec. 3, 2018 /CNW/ - (TSX: NFI) New Flyer of
America, Inc. ("New Flyer), a subsidiary of NFI Group Inc. ("NFI"),
the largest transit bus and motor coach manufacturer in
North America, today announced
that the City of Albuquerque has issued a contract to purchase ten
clean diesel sixty-foot Xcelsior heavy duty transit buses (20
equivalent units or "EUs") from New Flyer of America Inc. with an
option for additional units in the future.
The City of Albuquerque Transit Department ("ABQ Ride") is
responsible for all bus and paratransit operations in the
Albuquerque metro area. The city issued a recommendation of
award for sixty foot, articulated, 5 door clean diesel buses to New
Flyer under a 2016 solicitation. The purchase of these buses
and their special features will allow their use throughout the
Albuquerque transit system.
"New Flyer has deployed more five-door BRT buses than any other
manufacturer in the United
States," said Wayne Joseph,
President, New Flyer of America. "We are very excited to work
with Albuquerque on this purchase and have adjusted our 2019 build
schedule to accommodate Albuquerque's order".
New Flyer has over 30 years' experience manufacturing
high-capacity articulated buses, with over 7,000 delivered since
1988. New Flyer's BRT buses are available with the widest range of
drive systems in North America.
New Flyer is currently the only manufacturer with successful
completion of the Federal Transportation Administration Altoona
Testing requirements for sixty-foot articulated buses; ensuring the
buses exceed safety and quality requirements thereby qualifying for
federal funding.
NFI 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 Group
With over 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 41,000 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.