WINNIPEG, June 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 the United States and
Canada, announced today that the Metropolitan Atlanta Rapid Transit
Authority ("MARTA") has awarded New Flyer a contract for 265 30-foot
and 40-foot heavy-duty buses with compressed natural gas ("CNG")
The contract for 265 buses contains a firm order of eight Low Floor
Restyled ("LFR") CNG 30-foot buses and 80 Xcelsior™ CNG 40-foot buses
with options for an additional 177 Xcelsior™ CNG or hybrid 40-foot
buses to be exercised at a later date.
"We are excited to bring these New Flyer buses on board to enhance
service to our customers," said MARTA Chief Operations Officer Rich
Krisak. "These buses, which will replace vehicles that have reached
retirement age, are equipped with advanced technology to provide an
overall better, more reliable transit experience."
Since 1990, New Flyer has built and delivered 926 buses for MARTA in
various models, lengths and propulsions. MARTA's 91 bus routes employ
over 531 buses and served more than 62 million passenger boardings in
fiscal year 2012. With the majority of its fleet represented by CNG
buses, Atlanta has demonstrated its commitment to pursuing favorable
sustainability practices. CNG systems reduce greenhouse gas emissions
when compared to standard diesel propelled buses, leading to a
"We value our relationship with MARTA and commend them on their
environmental commitments," said Paul Soubry, President and CEO of New
Flyer. "MARTA has become a great example of a green transit company.
Not only do they work hard to reduce greenhouse gas emissions within
the city, they strive to offer an efficient and enjoyable means of
travel in order to expand its base of transit users and reduce traffic
The firm order of 88 buses is anticipated to begin production in the
second quarter of 2013. All buses are expected to be delivered by the
fourth quarter of 2013.
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 2,200 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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