WINNIPEG, May 17, 2013 /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 Halifax Regional Council has approved the
purchase of up to 80 Xcelsior™ clean diesel 40-foot heavy-duty buses
for use by Metro Transit of Halifax, Nova Scotia.
The contract contains a firm order of 22 40-foot clean diesel buses with
options to purchase an additional 58 buses at a later date. Metro
Transit currently has a fleet of 331 active transit buses of which 182
of those buses are New Flyer.
"We appreciate our long term relationship with Metro Transit and are
excited to build for them our 'world class' Xcelsior™ bus model for the
first time," said Paul Soubry, President and CEO of New Flyer.
"Halifax's last transit bus order in 2011 was from another manufacturer
and we are thrilled to have won back their confidence and their
Metro Transit of Halifax's firm order for 22 Xcelsior™ buses are
anticipated to begin production in the third quarter of 2013 with all
buses expected to be delivered by the end of 2013.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in
Canada and the United States. The Company's three manufacturing
facilities - in Winnipeg, MB; St. Cloud, MN and Crookston, MN - 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 Winnipeg, MB; Brampton, ON; Erlanger, KY and
Fresno, CA. The Company also operates a service center in Arnprior,
With a skilled workforce of over 2,200 employees, New Flyer is a
technology leader, offering the broadest product line in the industry,
including drive systems powered by clean diesel, natural gas and
electric trolley as well as energy-efficient diesel-electric hybrid
vehicles. New Flyer has delivered over 32,000 heavy-duty buses in
Canada and the United States. 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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