WINNIPEG, March 10, 2017 /CNW/ - (TSX: NFI) (TSX: NFI.DB.U) New Flyer Industries Inc. ("New Flyer" or the "Company"), the largest transit bus and motor coach manufacturer and parts distributor in North America, announced today that Brampton City Council has approved Brampton Transit's involvement in the Pan-Ontario Electric Bus Demonstration and Integration Trial, facilitated by the Canadian Urban Transit Research and Innovation Consortium (CUTRIC).
For this innovative and challenging demonstration project, CUTRIC has brought together transit agencies, funding partners, research teams, technology tools, and manufacturing stakeholders, to design, manufacture and deploy electric buses and charging infrastructure in several cities throughout Canada. Brampton City Council is the first city to approve participation in the trial, and plans to deploy up to 10 electric buses and 4 overhead electric charging stations from multiple manufacturers on several transit routes throughout Brampton.
"Since the introduction of our zero-emission battery-electric bus, New Flyer has led North American efforts to develop industry standards for both on-route and depot charging of battery-electric buses," says Chris Stoddart, New Flyer Senior Vice President of Engineering. He adds, "The charging system and associated standards for this project are simultaneously being adopted in Europe, allowing industry proven charging equipment suppliers to focus their efforts on standardized equipment over sole proprietary designs. This trial represents a unique opportunity to prove out the interoperability of on-route charging systems with electric buses; a real-life challenge as Canadian cities move to adopt zero-emission transit vehicles."
New Flyer has been a proud member of CUTRIC since 2016, and is committed to the success of the Pan-Ontario Electric-Bus Demonstration and Integration trial, which launches later this year. Further details on this initiative may be found at www.cutric-crituc.org.
About The Company
The Company is the largest transit bus and motor coach manufacturer and parts distributor in North America with fabrication, manufacturing, distribution and service centers in Canada and the United States and employs approximately 5,000 team members.
Through its Canadian and U.S. subsidiaries, New Flyer Industries Canada ULC and New Flyer of America Inc., the Company is North America's heavy-duty transit bus leader and offers the broadest transit bus product line (Xcelsior® and MiDi® models), incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, electric-trolley and now battery-electric. New Flyer actively supports over 42,000 heavy-duty transit buses (New Flyer, NABI and Orion) currently in service.
Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc., the Company is North America's leader in motor coaches, offering the MCI J4500,which is the industry's best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry`s best-selling coach line in North American motor coach history. MCI is also the exclusive distributor of Setra S417 and S407 in the United States and Canada. MCI actively supports over 28,000 motor coaches currently in service and offers 24-hour roadside assistance 365 days a year.
The Company also operates North America's most comprehensive aftermarket parts organization providing support for all types of transit buses and motor coaches. All buses and coaches are supported by an industry-leading comprehensive warranty, service and support network.
Further information is available on the Company's websites at www.newflyer.com and www.mcicoach.com.The common shares and convertible unsecured subordinated debentures of the Company 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 those 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.
For further information: Jon Koffman, Investor Relations, Tel: 204-224-6672