New Flyer Completes 1,150 Mile In-Service Demonstration of the Xcelsior® All-Electric Bus for Miami-Dade Transit

The two-week demonstration concluded on January 21, 2016 and resulted in over 1,150 in-service miles and over 1,800 passenger rides on 11 different service routes throughout Miami-Dade County. New Flyer provided Miami-Dade Transit performance reports from New Flyer Connect®, a combination of onboard telematics systems used to gauge and manage operational efficiency. Using the Connect system, the New Flyer Xcelsior XE40 battery-electric bus reported up to 23.8 diesel equivalent miles per gallon in energy consumption (equating to 1.6 kWh per mile).

Miami-Dade Transit provides service from Miami Beach and Key Biscayne to West Miami-Dade, as far north as Broward County and as far south as Homestead, Florida City and the Middle Keys.   Miami-Dade Transit is the 15th largest public transit system in the USA, and the largest transit agency in the state of Florida.

“We are very excited by the favorable feedback we received from Miami-Dade County and the community transit riders,” said Paul Soubry, President and Chief Executive Officer of New Flyer.
“New Flyer is exceptionally proud of our long-history of building best in class buses and the XE40 battery-electric bus is a natural next evolution of our tried and true Xcelsior platform.”

The Xcelsior battery-electric bus 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 all-electric propulsion system provides:
•    Zero tailpipe emissions and greenhouse gases
•    Reduced noise inside and outside the bus
•    Increased operator and passenger comfort
•    Lower operating costs

As with all New Flyer buses, the Xcelsior XE40 battery-electric bus 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 The Company

The Company employs over 5000 team members and is the largest transit bus and motor coach manufacturer and parts distributor in North America with fabrication, manufacturing, distribution and service centers in Canada and the United States.

Through its Canadian and U.S. subsidiaries, New Flyer Industries Canada ULC and New Flyer of America Inc., the Company is North America’s heavy-duty transit bus leader and offers the broadest transit bus product line (Xcelsior® and MiDi® models), incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, electric-trolley and now battery-electric. New Flyer actively supports over 42,000 heavy-duty transit buses (New Flyer, NABI and Orion) currently in service.

Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc., the Company is North America’s leader in motor coaches, offering the MCI J4500,which is the industry’s best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry`s best-selling coach line in North American motor coach history. MCI is also the exclusive distributor of Setra S417 and S407 in the United States and Canada. MCI actively supports over 28,000 motor coaches currently in service and offers 24-hour roadside assistance 365 days a year.

The Company also operates North America’s most sophisticated aftermarket parts organization providing support for all types of transit buses and motor coaches. All buses and coaches are supported by an industry-leading comprehensive warranty, service and support network.

Further information is available on the Company’s websites at www.www.newflyer.com and www.mcicoach.com.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 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