New Flyer Demonstrating All Electric Xcelsior® Transit Bus On South Eastern U.S Tour
Winnipeg, Manitoba, Canada – May 25, 2015: (TSX: NFI) (TSX: NFI.DB.U) New Flyer of America Inc., a subsidiary of 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 it will demonstrate the technical and performance features of the New Flyer Xcelsior® zero-emission heavy-duty XE40 transit bus to local councilors and government officials in several cities throughout the southern United States. The tour will consist of bus demonstrations in: Georgia, North Carolina, Alabama, Illinois, Indiana, Florida and Texas.
New Flyer is the only transit bus manufacturer in North America today that can offer propulsion systems ranging from: clean diesel, hybrid-electric, electric-trolley, natural gas, fuel cell and now battery-electric all on the same bus platform, which allows transit authorities to capture significant maintenance and operational synergies across their fleets. The Xcelsior zero-emission bus is a best-in-class option for reducing acquisition and operating costs for alternative energy vehicles.
“This bus is built on our highly successful Xcelsior platform and is the logical evolution of our zero-emissions propulsion portfolio, based on our extensive electrification experience,” commented Paul Smith, New Flyer’s Executive Vice-President of Sales and Marketing.
The XE40 features a Siemens electric drive system and proven electric subsystems with unique electric drive motor technology permitting the bus to reduce the energy consumed while driving, and increase the energy recovered during braking. The Xcelsior XE40 is expected to result in:
• Substantially lower operating costs with zero tailpipe emissions and greenhouse gases
• Reduced noise inside and outside the bus
• Increased operator and passenger comfort
• Safer and more reliable wintertime operation
New Flyer is also taking an innovative approach to powering the second axle in an Xcelsior 60-foot articulated version of the bus (XE60) which provides considerably more traction, making it even more reliable in the wintertime operations of ice and snow.
As with all New Flyer buses, the XE40 and XE60 are delivered with New Flyer’s commitment to lifetime customer care, including a comprehensive product warranty, maintenance and operations training, spare parts and an extensive network of in-service support professionals.
About New Flyer
New Flyer 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 of transit buses including drive systems powered by: clean diesel, natural gas, diesel-electric hybrid, electric trolley and now, battery-electric. All buses are supported by an industry-leading comprehensive warranty and support program, and service network. New Flyer also operates the industry’s most sophisticated aftermarket parts organization, sourcing parts from hundreds of different suppliers and providing support for all types of transit buses.
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. Over 32,000 New Flyer and NABI heavy-duty transit buses are in operation today. Further information is available on New Flyer’s website at http://www.www.newflyer.com/content
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, there is not yet a production version of the sixty-foot battery-electric bus with a powered second axle, there may be no sustained customer demand for this type of sixty-foot battery-electric bus, the expected benefits for customers operating this type of bus may not be realized, the economic conditions of and funding availability for customers to purchase buses and to purchase parts or services 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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