ST. CLOUD, MN, June 19, 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 San Mateo County Transit District
("SamTrans") has issued a new order for 55 clean diesel, 60-foot
Xcelsior® heavy-duty transit buses (110 equivalent units
or "EUs") from New Flyer.
The buses, funded by Federal Transit Administration ("FTA")
grants, will replace buses from 2002 that have exceeded their
useful life and will also help increase service along El Camino
Real on SamTrans' ECR Route, where 35% of all system boardings
occur.
"New Flyer is proud to support SamTrans with high-capacity buses
as it improves and expands transit service throughout San Mateo County, and pursues a new vision for
mobility," said Chris Stoddart,
President, New Flyer. "These Xcelsior buses will increase capacity
along one of SamTrans' busiest routes, and help keep the community
moving safely and reliably."
In December 2014, SamTrans
approved a five-year strategic plan focused on five goals for 2015
to 2019: increasing bus ridership by 15%, growing passenger fare
revenue by 20%, reducing annual debt service by $1.5 million, improving organizational
performance and managing workforce change.
The San Mateo County Transit District provides public transit
and transportation programs in San Mateo
County, California, supporting over 13 million passengers
per year with bus, paratransit, and commuter rail service. SamTrans
continues to actively invest in sustainability measures that reduce
facility energy use, water consumption and greenhouse gas
emissions.
New Flyer has been leading innovation in transit for over 85
years. It has over 30 years' experience manufacturing high-capacity
articulated buses and has delivered over 7,000 since 1988. New
Flyer is currently the only manufacturer with successful completion
of the Federal Transit Administration Altoona Testing requirements
for 60-foot articulated buses, ensuring the buses exceed safety and
quality requirements thereby qualifying for federal funding.
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.