ST. CLOUD, MN, Feb. 13, 2019 /CNW/ - (TSX: NFI) New Flyer of
America Inc. ("New Flyer"), a U.S. subsidiary of NFI Group Inc.
("NFI"), the largest bus manufacturer in North America, today announced it is advancing
fourth-year production of 115 Xcelsior® forty-foot
diesel-electric hybrid, heavy-duty transit buses for the
Southeastern Pennsylvania Transportation Authority ("SEPTA"). This
is the fourth installment of a five-year contract by SEPTA for a
total of 525 hybrid buses awarded to New Flyer in May
2016.
The hybrid 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.
Through its investment in hybrid bus technologies, SEPTA has
significantly reduced bus energy consumption, which accounts for
approximately half of all of the agency's transportation energy. At
the conclusion of the five-year New Flyer contract, hybrids will
comprise 95 percent of SEPTA's bus fleet.
"New Flyer is proud to continue delivering hybrid electric
technology to SEPTA as it expands low-emission transit and further
reduces transportation emissions," said Chris Stoddart, President, New Flyer of America.
"We're committed to supporting SEPT-AINABLE 2020 and delivering
safe, reliable, and sustainable mobility solutions to
Philadelphia and 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 with a total annual ridership of over 300
million. In 2016, SEPTA earned the Governor's Award for
Environmental Excellence. It also earned the Energy Storage North
America Innovation Award (2014), American Public Transportation
Association's (APTA) "Gold" Recognition Level for Sustainability
(2012), APTA's "Outstanding Public Transportation System
Achievement Award" (2012), and the Environmental Protection
Agency's (EPA) "Energy Star" Award for the SEPTA Headquarters
(2010).
New Flyer has over 50 years of experience manufacturing
zero-emission buses, with more electric buses on the road in
America than any other manufacturer. It is the only North American
manufacturer offering all three types of zero-emission transit
buses (battery-electric, fuel cell-electric, and trolley-electric).
In 2018, New Flyer became the first bus manufacturer in the world
to sign on to the Shared Mobility Principles for Livable
Cities.
About NFI
With over 6,100 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 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) on proven bus platforms. It also supports
infrastructure development through New Flyer Infrastructure
Solutions™, a service dedicated to providing safe and reliable
charging and mobility solutions. In total, NFI supports over 74,000
buses and coaches currently in service across North America. 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. It
also offers infrastructure development through New Flyer
Infrastructure Solutions™, a service dedicated to providing safe,
sustainable, and reliable charging and mobility solutions. 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.