New Flyer Named by Utah Transit Authority as Partner For an FTA Program for University-Focused Zero-Emissions Vehicle Deployment
Winnipeg, Manitoba, Canada – May 5, 2016: (TSX: NFI) (TSX: NFI.DB.U) New Flyer Industries Canada ULC, 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 that the U.S. Federal Transit Administration (“FTA”) awarded Utah Transit Authority (“UTA”) funding for five New Flyer 40 foot Xcelsior® battery-electric zero-emission buses and associated charging stations. In 2014, UTA was named the American Public Transportation Association Outstanding Public Transportation System.
UTA was awarded $5.4 million of the available $22.5 million of funds granted by the FTA’s Low or No Emission Vehicle Deployment Program for the acquisition of New Flyer zero-emission buses and recharging equipment.
According to Paul Smith, New Flyer Executive Vice President of Sales and Marketing, “Three of the Xcelsior XE40 battery-electric buses will be deployed on UTA’s Route 2 which operates between downtown Salt Lake City and the University of Utah. The other two buses will be used on the university’s new public transit shuttle, on a new exclusive transit and pedestrian way”. The University of Utah serves 31,600 students, 90% of whom do not live on campus, with 17,000 faculty and staff. The campus is the second highest trip generator in Utah.
New Flyer’s zero-emission battery-electric bus is based on the stylized Xcelsior platform – a proven design with over 8,000 deliveries in North America. The Xcelsior steel monocoque structure with composite lightweight body panels has a well-established reliability and durability reputation. New Flyer has 40 years and over 100 million miles of experience with electric propulsion including hybrid, trolley and fuel-cell buses, supplying more electric buses to the North American industry in more configurations than any other transit bus manufacturer.
“We are very proud to be partnering with such as strong and diverse team, focused on higher education and led by the UTA”, says Paul Smith. “Other partners include the University of Utah, CALSTART, Utah State University, Rocky Mountain Power, and the Utah Office of Energy Development.”
Utah State University Center for Sustainable Electrified Transportation will provide expertise in systems modeling and network optimization. A unique element of the project is the connection with the local electric utility provider. Rocky Mountain Power has agreed to provide technical support and assistance to ensure that the charging infrastructure and facilities will provide the power necessary to charge the all-electric buses without overloading the local power grid. CALSTART manages a wide range of national clean transportation and grant programs and will collect data, analyze, and report on performance of the vehicles. The State of Utah’s Office of Energy Development participation is in support of the State’s dedication to the promotion of conventional, unconventional, renewable, and energy efficiency resources, and alternative transportation energy infrastructure.
This month, New Flyer actively participated in the 2016 Public Transportation and Universities Conference which was sponsored by the American Public Transportation Association and held in Grand Rapids, MI. “The FTA sponsored program is a great example of a highly talented and diverse team focused on the integration of zero-emissions technology for the university and surrounding community”, added Paul Smith.
NOTE: All dollar amounts are stated in U.S. currency.
About The Company
The Company employs approximately 5,000 team members and is the largest transit bus, 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 comprehensive 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.
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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