Market Overview

BC's TransLink places firm order for an additional 106 buses with New Flyer

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WINNIPEG, Nov. 20, 2017 /CNW/ - (TSX: NFI) New Flyer Industries Canada ULC ("New Flyer"), the Canadian subsidiary of New Flyer Industries Inc. ("NFI Group"), the largest transit bus and motor coach manufacturer and parts distributor in North America, today announced that the South Coast British Columbia Transportation Authority ("TransLink") has awarded New Flyer with a contract for 106 Xcelsior® compressed natural gas (CNG) forty-foot, heavy-duty transit buses.

New Flyer Industries Inc. (CNW Group/New Flyer Industries Inc.)

The order was supported by the Federal Gas Tax Fund, through which the Government of Canada provides funding for municipal infrastructure, including public transit. The funds are administered in B.C. by the Union of British Columbia Municipalities.

The CNG buses will be equipped with 2018 Cummins L9N engines, which provide a significantly reduced carbon footprint1 supporting TransLink's planned fleet rejuvenation initiative and vision for increasingly sustainable transit. In October 2017, the Metro Vancouver transit system was named the third most sustainable transit system in North America by the Arcadis Sustainable Cities Mobility Index, and in the same month, the City of Vancouver committed to purchasing only zero-emission buses by 2025 with a goal to achieve zero-emission status by 2030.

"We are proud to build on our longstanding relationship with TransLink as it evolves to a desired state of low and no emission public transportation," said Paul Smith, New Flyer's Executive Vice President of Sales and Marketing. "With a focus on sustainable transit, New Flyer will continue to evolve alongside leaders like TransLink, building reliable and innovative technology to support healthy communities, to preserve the environment, and to foster smart, connected cities."

TransLink delivers public transportation services through Coast Mountain Bus Company, British Columbia Rapid Transit Company Ltd. (SkyTrain) and West Coast Express Ltd., across an 1,800 square kilometer area in the Metro Vancouver region. On an average weekday, there are approximately 1.3 million boardings on the TransLink system.

The NFI Group has over 85 years of experience manufacturing buses in Canada, and is focused on advancing vehicle innovation through development of Canadian-based intellectual property and removal of barriers to adopting zero-emission vehicles and autonomous driving technologies. The NFI Group has over 50 years of experience in manufacturing zero-emission buses (ZEBs).

About NFI Group

NFI Group is the largest transit bus and motor coach manufacturer and parts distributor in North America, with 31 fabrication, manufacturing, distribution, and service centers across Canada and the U.S. employing over 5,800 team members.

It is North America's heavy-duty transit bus leader and offers the largest transit bus product line under the brand Xcelsior®, incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, trolley-electric, and battery-electric. NFI Group actively supports over 44,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 6,400 are powered by electric and battery propulsion.                                                                                                      

NFI Group is also North America's motor coach market leader offering the Motor Coach Industries Inc. (MCI) J-Series, the industry's best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry's best-selling motor coach line in North American history. MCI is also the exclusive distributor of Daimler's Setra S 417 and S 407 motor coaches in the United States and Canada. MCI actively supports over 28,000 coaches currently in service.

NFI Group also operates North America's most comprehensive parts organization, NFI Parts™, providing parts, technical publications, training, and support for its OEM product lines (transit buses and motor coaches). All buses and coaches are also supported by an industry-leading comprehensive warranty, service, and support network.

Further information is available on NFI Group websites at www.newflyer.com and www.mcicoach.com. The common shares of the NFI Group are traded on the Toronto Stock Exchange under the symbol NFI.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of the NFI Group 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 suspend or 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, NFI Group 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.

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1

NOx emissions reduction from 0.2 to 0.02g/bhp-Hr

 

SOURCE New Flyer Industries Inc.

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