Press Releases

New Flyer Expands Clear Air Propulsion Leadership with the Cummins Westport ISL G Near Zero Emissions Engine

Winnipeg, Manitoba, Canada – August 15, 2016: (TSX: NFI) (TSX: NFI.DB.U) New Flyer of America Inc., a subsidiary of New Flyer Industries Inc. (“New Flyer” or the “Company”), the largest heavy-duty transit bus and motor coach manufacturer and parts distributor in North America, announced a major addition to New Flyer’s industry leading clean air propulsion options for the Xcelsior® bus family.

New Flyer is the first transit manufacturer to offer the industry’s cleanest certified engine, delivering the first original equipment manufacturer (OEM) installation of a 2016 Cummins Westport ISL G Near Zero (“ISL G NZ”) engine in the third quarter of 2016.

The ISL G NZ natural gas engine will be used to power a New Flyer Xcelsior XN40 bus for the Los Angeles County Metropolitan Transportation Authority (LA Metro). LA Metro operates the largest natural gas engine vehicle fleet in North America.

This ISL G NZ NOx natural gas engine is the first Mid-Range engine in North America to receive certification to meet the 0.02 g/bhp-hr. optional Near Zero NOx Emissions standards from both U.S. Environmental Protection Agency (EPA) and Air Resources Board (ARB) in California. This certification represents a 10 fold emissions reduction below current EPA nitrogen oxide (NOx) emissions standards – the cleanest engine in the industry. The engine also operates at 90% below the Particulate Matter (PM) standard, and 16% below the C02 emissions standard. In addition to the dramatic reduction in NOx, the ISL G NZ features Closed Crankcase Ventilation, reducing engine related methane emissions by 70%; enhancing its greenhouse gas benefits.

Wayne Joseph, New Flyer Executive Vice President, Bus Business, noted the significance of this Near-Zero natural gas engine achievement. “We are proud to be the first OEM to factory install this industry-leading clean engine. New Flyer has delivered over 6,000 natural gas transit buses that operate to ranges of over 350 miles without refueling. Cummins Westport advancements in CNG internal combustion and after-treatment technology has helped transit customers meet stringent clean air requirements, powered by low cost natural gas.”

According to Paul Smith, Executive Vice President of Sales and Marketing, “We continue to see growing demand for natural gas powered buses. New CNG infrastructure is being deployed by our customers as Natural Gas becomes more abundant: the U.S. is now the number-one natural gas producer in the world”. Paul Smith also notes the growing customer interest in renewable natural gas (RNG), also known as biomethane. RNG is chemically identical to fossil natural gas, and yields far fewer greenhouse emissions during the production process.

Chris Stoddart, Vice President of Engineering and Service added, “RNG is a pipeline-quality gas that’s fully interchangeable with conventional natural gas but can essentially reuse waste and make it into fuel. It can be produced from landfills, livestock operations and wastewater treatment. Combining this renewable energy source with the Cummins Westport ISL G NZ engine provides a powerful tool to significantly improve urban air quality while also reducing greenhouse gases – all at the same time. Transit agencies now have more clean air, low greenhouse gas options than ever from New Flyer. They can select from an array of propulsion systems that collectively meets their operational needs, all of which are available on the lightweight, industry proven, and reliable Xcelsior platform.”

In addition to CNG propulsion, New Flyer has the most comprehensive experience with electric propulsion in the industry, with over 6,000 buses delivered using electric propulsion, ranging from electric-trolley, electric-hybrid, battery-electric and fuel cell-electric systems.

About The Company

The Company 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 and employs approximately 5,000 team members.

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.

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