ST. CLOUD, MN, June 17, 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 Central Florida Regional Transportation
Authority ("LYNX") has issued a new contract for up to 75
compressed natural gas ("CNG") Xcelsior® sixty-foot,
heavy-duty transit buses, with a firm order for 25 buses (50
equivalent units or "EUs") and options to purchase up to an
additional 50 buses (100 EUs).
The new, low-emission articulated buses will provide more
frequent and reliable high-quality service for passengers in the
greater Orlando area. The buses
will also increase passenger capacity, enhance operational
efficiencies, and improve the overall passenger experience.
"New Flyer is proud to support expanded, high-capacity transit
in the Orlando area, with buses
built in America featuring U.S. technology," said Chris Stoddart, President, New Flyer. "We are
thrilled to provide mobility solutions for LYNX route optimization,
and to help increase passenger capacity along key routes with new,
low-emission Xcelsior transit buses."
LYNX is the mobility provider for Florida's tri-county area including
Orange, Seminole, and Osceola, delivering over 26 million passenger
trips per year. Together with the Florida Department of
Transportation (FDOT), LYNX developed a 10-Year Transit Development
Plan to meet public transportation needs in its service area.
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 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). In total, NFI now supports
over 105,000 buses and coaches currently in service around the
world. 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.