WINNIPEG, Nov. 13, 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 San Francisco Municipal Transportation
Authority ("SFMTA"), which oversees all transportation in the City,
including the Municipal Railway (MUNI), has approved the purchase of an
additional 50 heavy-duty 40-foot Xcelsior® diesel-electric hybrid buses.
SFMTA will purchase these buses under an umbrella contract with the
procurement department of another US State. This umbrella contract is a
'standing offer' open to public transit agencies across the United
States, and as a result, New Flyer does not record any firm orders or
options as part of its backlog until customer specific orders are
These 50 buses will be in addition to the 62 40-foot Xcelsior® diesel-electric hybrid buses awarded to New Flyer as mentioned in press
releases on September 10, 2012 and December 21, 2012.
"We are bringing state-of-the-art new hybrid buses to Muni's riders,
investing in the infrastructure needed to make MUNI a better means of
transportation by improving transit performance and reliability," said
Ed Reiskin, SFMTA Director of Transportation.
"We are excited to build additional Xcelsior® hybrid buses for SFMTA," said Paul Soubry, New Flyer's President and
Chief Executive Officer. "Having repeat customers that share our vision
of high quality products, service and support is critical to building
strong and lasting relationships. We are very proud to be associated
with MUNI, who have clearly demonstrated commitment to service
excellence through an environmentally conscious and responsible
approach to providing transit service."
Production of these 50 buses has begun and all buses are expected to be
delivered by the end of 2013.
About New Flyer
New Flyer, with its recently acquired NABI Bus, LLC subsidiary, is the
leading manufacturer of heavy-duty transit buses in the United States
and Canada. The Company is the industry technology leader and offers
the broadest product line including drive systems powered by: clean
diesel, natural gas and electric trolley as well as energy-efficient
diesel-electric hybrid vehicles. All buses are supported by an
industry-leading comprehensive warranty and support program, and
service network. New Flyer and its subsidiaries NABI Bus, LLC and
NABI Parts, LLC also operate the transit industry's most sophisticated
aftermarket parts organization, sourcing parts from hundreds of
different suppliers and providing support for all types of heavy-duty
The New Flyer group of companies employ over 3,000 team members with
manufacturing, fabrication, parts distribution and service centers in
both Canada and the United States. Further information is available on
New Flyer's web site at www.newflyer.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 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.
For further information: