Sunline Transit Agency Media Event to Announce Grant Award For Xcelsior® Hydrogen Fuel Cell-Electric Buses
Winnipeg, Manitoba, Canada – April 21, 2017: (TSX: NFI) (TSX: NFI.DB.U) New Flyer Industries Inc. (“New Flyer” or the “Company”), the largest transit bus and motor coach manufacturer and parts distributor in North America, announced today it will participate in SunLine Transit Agency’s event on Friday, April 21, to announce a grant award from California Climate Investments and the California Air Resources Board for five XHE40 Xcelsior® zero-emission hydrogen fuel cell-electric transit buses.
New Flyer, the market leader in zero-emission buses, is the only North American transit bus manufacturer offering all three types of zero-emission propulsion systems including: hydrogen fuel cell-electric, battery-electric and trolley-electric buses. New Flyer’s system integration of Hydrogenics’ leading edge hydrogen fuel cell technology into an Xcelsior 40-foot heavy-duty transit bus eliminates the need for an off-board electrical charging system. The fuel cell replaces an internal combustion engine by generating electricity to power the electric drive motor.
Fuel cell electric buses have operating ranges over 300 miles with zero tailpipe emissions and re-filling hydrogen can be accomplished in only a few minutes, without the need for overnight plug-in battery recharging. This technology is yet another key milestone in New Flyer’s environmentally conscious approach to bus design.
“We’re honored to partner with SunLine Transit Agency on this important zero-emission deployment program,” said David Warren, Director of Sustainable Transportation for New Flyer. He adds, “SunLine has 17 years of experience operating fuel cell-electric buses. Their expertise, knowledge and fueling capabilities with the newest generation of equipment is a major asset to this program. Our engineering and integration of the Hydrogenics Celerity(+) fuel cell into the New Flyer Xcelsior has yielded significant opportunities to further reduce the overall life cycle cost of hydrogen fuel cell electric buses.”
SunLine’s deployment of the five New Flyer XHE40 Xcelsior zero-emission hydrogen fuel cell-electric transit buses is part of California Climate Investments, a statewide program that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment — particularly in disadvantaged communities. The cap-and-trade program also creates a financial incentive for industries to invest in clean technologies and develop innovative ways to reduce pollution. California Climate Investments projects include affordable housing, renewable energy, public transportation, zero-emission vehicles, environmental restoration, more sustainable agriculture, recycling and much more. At least 35 percent of these investments are made in disadvantaged and low-income communities. For more information, visit https://arb.ca.gov/caclimateinvestments.
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 44,000 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 those 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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