Edmonton Transit Awards New Flyer a New Contract for Nine 40-Foot Xcelsior™ Buses
Winnipeg, Manitoba, Canada – March 21, 2013: (TSX:NFI; TSX:NFI.DB.U) New Flyer Industries Inc. (“New Flyer” or the “Company”), the leading manufacturer of heavy-duty transit buses in Canada and the United States, announced today that Edmonton Transit has approved the purchase of nine Xcelsior™ diesel 40-foot heavy-duty buses.
New Flyer has been building buses for Edmonton Transit since 1993, with more than a staggering 900 buses having been built over the years. This is a relationship that both parties continue to nourish and is an excellent testament to the longevity of a healthy and lasting partnership.
“New Flyer is privileged to have the opportunity to continue to build a relationship with Edmonton Transit that spans so many milestones for both of us,” said Paul Soubry, New Flyer’s President and Chief Executive Officer. “We mark yet another milestone with this bus award, as this will be the first time Edmonton Transit will be ordering New Flyer’s Xcelsior™ ‘best-in-class’ model with diesel propulsion.”
The nine buses are anticipated to begin production in the second quarter of 2013. All buses are expected to be begin delivery in June of 2013.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in Canada and the United States. The Company’s three manufacturing facilities – in Winnipeg, MB; St. Cloud, MN and Crookston, MN – are all ISO 9001, ISO 14001 and OHSAS 18001 certified. The Company currently operates a parts fabrication facility in Elkhart, IN and four parts distribution centers in Winnipeg, MB; Brampton, ON; Erlanger, KY and Fresno, CA. The Company also operates a service center in Arnprior, ON.
With a skilled workforce of over 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 and electric trolley as well as energy-efficient diesel-electric hybrid vehicles. New Flyer has delivered over 32,000 heavy-duty buses in Canada and the United States. All products are supported with an industry-leading, comprehensive parts and service network. Further information is available on New Flyer’s web site at www.www.newflyer.com.
The common shares and convertible unsecured subordinated debentures of New Flyer 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.
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