WINNIPEG, Nov. 9, 2012 /CNW/ - (TSX:NFI; TSX:NFI.DB.U) New Flyer
Industries Inc. ("New Flyer" or the "Company"), the leading
manufacturer of heavy-duty transit buses in Canada and the United
States, announced today that Rochester-Genesee Regional Transportation
Authority ("RGRTA") has awarded New Flyer a contract for 129 40-foot
clean diesel powered Xcelsior buses. The RGRTA board approved the
contract for delivery of 33 firm buses with options for an additional
96 buses over the five-year term of the contract.
"New Flyer is delighted to continue building buses for Rochester-Genesee
Regional Transportation Authority. They are such a great example of a
dependable and progressive transit agency that focuses on high quality
and best value over the life of a transit bus. Since 1999, New Flyer
has proudly delivered 73 buses to RGRTA in a variety of lengths and
models," said Paul Soubry, New Flyer's President and Chief Executive
Officer. "RGRTA fleet will continue to have the full support of the
New Flyer warranty, service, training, spare parts and lifetime
Customer Care program."
The 33 Xcelsior buses will begin production immediately and are expected
to be delivered in the second quarter of 2013. The buses will be
completely manufactured and assembled at New Flyer of America's St.
Cloud, Minnesota manufacturing facility.
RGRTA's active fleet size is approximately 250 buses, of which 29% are
New Flyer buses.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in the
United States and Canada. The Company's three manufacturing facilities
- in St. Cloud, MN; Crookston, MN; and Winnipeg, MB - are all ISO 9001,
ISO 14001 and OHSAS 18001 certified. The Company currently operates a
parts fabrication facility in Elkhart, IN and four parts distribution
centers in Erlanger, KY; Fresno, CA; Winnipeg, MB and Brampton, ON.
The Company also operates a service center in Arnprior, ON.
With a skilled workforce of over 2,000 employees, New Flyer is a
technology leader, offering the broadest product line in the industry,
including drive systems powered by clean diesel, LNG, CNG and electric
trolley as well as energy-efficient diesel-electric hybrid vehicles.
New Flyer has delivered over 32,000 heavy-duty buses in the United
States and Canada. All products are supported with an
industry-leading, comprehensive parts and service network. Further
information is available on New Flyer's web site at www.newflyer.com.
The common shares and convertible unsecured subordinated debentures of
New Flyer are traded on the Toronto Stock Exchange under the symbols
NFI and NFI.DB.U, respectively.
This press release may contain forward-looking statements relating to
expected future events and financial and operating results of the
Company 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 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 Company 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 Industries Inc.
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