New Flyer signs exclusive agreement with Ballard for use of fuel cell modules in shuttle buses

    WINNIPEG, Feb. 12 /CNW/ - (TSX:NFI.UN) New Flyer Industries Inc. ("New
Flyer") the leading manufacturer of heavy-duty transit vehicles in Canada and
the United States, announced today that it has signed an exclusive five-year
agreement with Ballard Power Systems, an industry leader in fuel cell
products, for use of fuel cell modules in shuttle buses that New Flyer plans
to develop.
    New Flyer's commercial relationship with Ballard began in 1993, when the
two companies developed the world's first hydrogen fuel cell bus. In 2007, New
Flyer was awarded a contract by BC Transit for the world's largest fleet of
hydrogen fuel cell buses, and Ballard was named as the fuel cell technology
    "New Flyer is excited to team once again with Ballard to leverage its
hydrogen fuel cell technology in the bus industry," said John Marinucci,
President and Chief Executive Officer of New Flyer. "The market demands that
we find and utilize innovative technology to advance the development of
zero-emission buses that are both environmentally-friendly and fuel efficient.
Ballard is the leader in fuel cells and we look forward to a very productive
    Shuttle buses are smaller and lighter than full-size buses, typically
less than thirty-two feet in length, and are intended for use in a range of
growing applications, such as community feeder routes, where their reduced
noise profile and emission-free operation is highly valued. Under the
agreement, New Flyer will develop and manufacture a shuttle bus specifically
suited for Ballard's fuel cell technology and Ballard's existing fuel cell
module will be integrated into the New Flyer shuttle bus chassis.
    John Sheridan, President and Chief Executive Officer of Ballard said,
"New Flyer has demonstrated its leadership through successful
commercialization of hybrid-electric buses across Canada and the United
States. We have worked very closely together in the past and are working with
New Flyer now toward delivery of twenty 40-foot heavy-duty fuel cell buses to
BC Transit. This new agreement will enable both companies to address what
could be an important emerging market opportunity."

    About New Flyer
    New Flyer is the leading manufacturer of heavy-duty transit buses in the
United States and Canada. The Company's three facilities -- in Winnipeg, MB,
St. Cloud, MN and Crookston, MN -- are all ISO 9001, ISO 14001 and OHSAS 18001
certified. With a skilled workforce of approximately 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, hydrogen
fuel cell and electric trolley as well as energy-efficient gasoline-electric
and diesel-electric hybrid vehicles. All products are supported with an
industry-leading, comprehensive parts and service network. New Flyer's Income
Deposit Securities are traded on the Toronto Stock Exchange under the symbol
NFI.UN. Further information is available on Company's web site at

    Forward-Looking Statements
    This press release may contain forward-looking statements relating to
expected future events and financial and operating results of New Flyer and
New Flyer Industries Canada ULC ("NFI ULC") 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 the other risks and uncertainties discussed in
the materials filed with the Canadian securities regulatory authorities and
available on SEDAR at Due to the potential impact of these
factors, New Flyer and NFI ULC disclaim 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.

For further information:

For further information: New Flyer Industries Inc., Glenn Asham, Chief
Financial Officer, Tel: (204) 224-1251

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