ST. CLOUD, MN, June 12, 2019 /CNW/ - (TSX: NFI) New Flyer of
America Inc. ("New Flyer"), a subsidiary of NFI Group Inc. ("NFI"),
one of the world's largest independent global bus manufacturers,
today announced that the City of
Albuquerque and the City of Albuquerque Transit Department
(collectively "ABQ RIDE") have executed an option for an additional
ten clean-diesel, sixty-foot Xcelsior® heavy-duty
transit buses (20 equivalent units or "EUs"). This second order is
in addition to the ten clean-diesel, sixty-foot Xcelsior buses
ordered in December 2018. Options for
an additional ten Xcelsior sixty-foot buses remain on the
contract.
This bus rapid transit ("BRT") order will be used to enhance ABQ
RIDE's new Albuquerque Rapid Transit ("ART") project with
five-door, 132-passenger buses specifically designed for high
capacity transit, providing full accessibility and efficient entry
and exit through level platform-to-bus boarding.
"We are very proud to receive this additional order from
Albuquerque in support of their
ABQ RIDE service built to reduce urban congestion with high
capacity BRT buses," said Chris
Stoddart, President, New Flyer of America. "New Flyer is the
only manufacturer in North America
to offer a 5-door articulated heavy-duty transit bus which is a
perfect fit for this unique ABQ RIDE service."
ABQ RIDE is the local transit agency serving Albuquerque, New Mexico. It is the state's
largest public transportation system providing over 13 million
passenger trips each year, with new ART routes anticipated to
commence operation in 2019. Once operational, the ART will deliver
quick and efficient bus service, offering
increased dependability and timeliness for passengers and using
dedicated lanes to boost the frequency of bus operation.
New Flyer has deployed more five-door, sixty-foot BRT buses than
any other manufacturer in North
America. It has over 30 years' experience manufacturing
high-capacity BRT buses, with over 7,000 delivered since 1988,
offering the Xcelsior BRT bus with widest range of drive systems in
North America.
About NFI
With over 8,900 team members operating from more than 50
facilities across ten countries, NFI is a leading independent
global bus manufacturer providing a comprehensive suite of mass
transportation solutions under brands: New Flyer®
(heavy-duty transit buses), Alexander Dennis Limited (single and
double-deck buses), Plaxton (motor coaches), MCI® (motor
coaches), ARBOC® (low-floor cutaway and medium-duty
buses), and NFI Parts™. NFI buses and motor coaches 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). 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 now supports over 105,000 buses and
coaches currently in service around the world. For the fiscal year
ended December 30, 2018, NFI posted
revenues of US$2.5 billion. NFI
common shares are traded on the Toronto Stock Exchange under the
symbol NFI. News and information are available at www.nfigroup.com,
www.newflyer.com, www.mcicoach.com, www.arbocsv.com,
www.alexander-dennis.com, and www.nfi.parts.
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.