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December 17, 2009
NEW FLYER AND THE CITY OF OTTAWA PARTNER TO IMPROVE OC TRANSPO SERVICE
Winnipeg, Manitoba, Canada, December 17, 2009
New Flyer Industries Inc. (TSX:NFI.UN) (“New Flyer”), the leading
manufacturer of heavy-duty transit buses in Canada and the United
States, announced today the finalization of an agreement with the City
of Ottawa, in which New Flyer will provide dedicated and local support
to the OC Transpo bus fleet.
As part of this arrangement, New Flyer will open a service center in
the National Capital area in early 2010 to provide bus warranty,
technical and integrated supply chain services for the 700 New Flyer
buses currently in operation by OC Transpo. The center is expected to
employ approximately 12 employees on its opening.
New Flyer and the City of Ottawa have been discussing this partnership
arrangement over the last months, and it combines current open matters
with future opportunities. “Establishing this arrangement demonstrates
the commitment of both organizations to explore new opportunities to
work together for the future, while improving the bus availability for
OC Transpo,” said Paul Soubry, New Flyer’s President and CEO. “It is
part of New Flyer’s objective not only to deliver a world class bus,
but to offer the best value for the life of the bus.”
The New Flyer Customer Services organization employs over 250 dedicated
team members throughout Canada and the United States who provide a
range of services to the operators of over 23,000 New Flyer buses that
run on the streets each day. These services range from the publishing
of maintenance information to aftermarket parts supply, warranty,
on-site service and training support.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in
the United States and Canada. Among its several facilities located in
Canada and the United States, New Flyer operates four production
facilities -- in Winnipeg, MB, St. Cloud, MN and Crookston, MN - which
are all ISO 9001, ISO 14001 and OHSAS 18001 certified. With a skilled
workforce of over 2,000 employees, New Flyer is a technology leader,
offering the broadest product line in the industry, including a variety
of bus lengths and models, with drive systems powered by clean diesel,
LNG, CNG 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 New Flyer’s web site at www.newflyer.com.
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, availability of funding for bus purchases to customers at
current levels or at all, the ability of customers to terminate bus
purchase contracts for convenience or to not issue purchase orders for
buses at all 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, 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, please contact:
New Flyer Industries Inc.
Glenn Asham
Chief Financial Officer
Tel: 204-224-1251
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