Press Releases

New Flyer of America Brings All Electric Xcelsior® Bus to Macon, GA

Anniston, Alabama, USA – June 15, 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 the New Flyer all-electric Xcelsior XE40 transit bus will be in Macon, Georgia on June 17th 2015. The demonstration will include members of the Macon-Bibb County Transit Authority (“MTA”), representatives from the U.S Department of Transportation and local government officials.

“This bus is built on our highly successful Xcelsior platform and is the logical evolution of our zero-emissions propulsion portfolio, based on New Flyer`s extensive electrification experience” commented Paul Smith, New Flyer’s Executive Vice-President of Sales and Marketing. “New Flyer is the only transit bus manufacturer in North America today that can offer a single bus platform with a complete array of propulsion systems including: clean diesel, hybrid-electric, electric-trolley, compressed natural gas, fuel cell, and now battery-electric”.

“New Flyer is proud to be considered as an ongoing partner with MTA,” said Paul Soubry, New Flyer’s President and Chief Executive Officer. “Macon will receive its first Xcelsior XD40 this month, the first Xcelsior to be built completely in our Anniston facility. We believe the Xcelsior is a perfect fit to Macon’s focus on a safe, reliable and comfortable transit experience with lowest total cost of ownership. This month we are celebrating the production of our 6,000th Xcelsior bus”.

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
• Safe and reliable operation in harsh winter climates

As with all New Flyer buses, the XE40 is 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.

Forward-Looking Statements

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 expected benefits for customers operating this type of bus may not be realized, 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.

For further information, please contact:
Jon Koffman
Investor Relations
Tel: 204-224-6672