New Flyer Battery-Electric Xcelsior® Bus Delivers Industry Leading Results in Reliability, Fuel Efficiency, Interior Noise and GVWR at Altoona Test Facility

Any new model vehicle used in United States in mass transportation revenue service and purchased with FTA funds must complete an Altoona Test. The primary focus of the test program is structural durability with additional evaluations including: safety, structural integrity, reliability, performance, maintainability, noise, and fuel economy.

“We are very proud of the XE40’s achieving this important milestone and its exceptional performance in all categories of the Altoona Test. Our engineers worked diligently to design and manufacture the most versatile zero-emission bus in the market. It is based on our proven Xcelsior platform that has accumulated several hundred million miles of safe and reliable service since its introduction in 2008,” said Paul Soubry, President and Chief Executive Officer of New Flyer. Soubry added, “The XE40 performed superbly and clearly distinguished itself against other battery-electric buses achieving over 20 miles per gallon diesel equivalent fuel economy, with the greatest gross vehicle weight rating available. This equates to the highest passenger carrying capability of any electric bus in North America. The interior noise measurements during acceleration from 0 to 35 mph also proved to be best-in-class for an all-electric bus. Our research indicates the Xcelsior XE40 is the quietest transit bus ever tested with the FTA’s standardized test protocol”.

Chris Stoddart, New Flyer’s Vice President of Engineering and Service commented, “We knew integrating the battery-electric bus on the proven Xcelsior platform using experienced component and systems suppliers, was essential to provide transit agencies the opportunity to enhance their in-service uptime. The integration of the Siemens ELFA drive motor and lithium-ion battery packs from XALT Energy into the XE40 resulted in outstanding performance and we experienced no propulsion or battery issues throughout the entire test program. Unscheduled repair labor hours for the Xcelsior XE40 were significantly lower than any other electric buses tested at Altoona”.

Transit agencies throughout North America have been eager, while at the same time uncertain of the reliability, maintainability and range of adding zero-emission battery-electric buses to their clean diesel, diesel-hybrid, and compressed natural gas bus fleets. With successful completion of the Altoona Test, New Flyer can provide operators with objective data indicating the XE40 battery-electric bus is built to rely on, day in and day out. The XE40 is now registered in the Zero-Emission Bus Voucher Incentive Program, including in California, to encourage the market introduction of electric buses.

As with all New Flyer buses, customers can count on the industry’s most comprehensive after-sales Parts and Service organization to support their zero-emissions buses throughout their entire life.

New Flyer is preparing to return to the Altoona Test Facility in early 2016 with an Xcelsior 60-foot articulated battery-electric bus. Building upon New Flyer’s extensive technical expertise and bus building experience, the articulated zero-emission bus will include a range extending hydrogen fuel cell.

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 3,300 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, 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.

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