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LA Metro Expands its Low-Emission Bus Footprint with an Order for up to 300 New Flyer 60-foot Compressed Natural Gas transit buses

October 10, 2017 | New Flyer

St. Cloud, Minnesota, USA – October 10, 2017: (TSX: NFI) New Flyer of America Inc. (“New Flyer”), the U.S. subsidiary of New Flyer Industries Inc. (“NFI Group”), the largest transit bus and motor coach manufacturer and parts distributor in North America, today announced that the Los Angeles County Metropolitan Transportation Authority (LACMTA or “LA Metro”) has awarded New Flyer a contract for up to 300 Xcelsior® compressed natural gas (CNG), 60-foot heavy-duty transit buses. The contract is for 65 firm orders and options to purchase an additional 235 busesThis new award will add a total of 600 equivalent units to New Flyer’s backlog.

The buses support LA Metro’s commitment to sustainable transportation, which works toward a vision of all-electric public transportation by 2030. The CNG award immediately follows LA Metro’s award of up to 100 60-foot battery-electric buses to New Flyer.

The award is supported the Federal Transit Administration (FTA) Local Labor Hiring Pilot Program, which enables FTA grantees, including states and local agencies, to utilize social or economic contracting requirements in competitive bidding. In addition, the Transportation Diversity Council (TDC) will assist with local employment, hiring a diverse workforce, and the addition of life-skills training to the New Flyer Institute, the Company’s proprietary learning center.

“We are thrilled to build on both our low and no emission footprint in America with an exceptionally progressive partner such as LA Metro,” said Wayne Joseph, President of New Flyer of America. “Together, we are building sustainable transit infrastructure, preserving the environment, and supporting the development and maintenance of local jobs. We are proud to be the largest employer of US workers of any transit bus manufacturer in North America.”

The NFI Group is committed to advancing innovation in the transit industry, and is working to support cities with buses that support development of smart, connected communities while also preserving the environment through Low or No (Low-No) Emission solutions. It has over 50 years of experience in manufacturing zero-emission buses (ZEBs).

New Flyer has bus service, parts, and manufacturing support at three California facilities located in Ontario, Los Alamitos, and Fresno. LA Metro currently serves as the transportation planner, coordinator, designer, builder, and operator for over 10 million people residing in a 4,000-square mile area. This year, it committed to an all-electric bus fleet by 2030.

About NFI Group

NFI Group is the largest transit bus and motor coach manufacturer and parts distributor in North America, with 31 fabrication, manufacturing, distribution, and service centers across Canada and the U.S. employing over 5,800 team members.

It is North America's heavy-duty transit bus leader and offers the largest transit bus product line under the brand Xcelsior®, incorporating the broadest range of drive systems available, including: clean diesel, natural gas, diesel-electric hybrid, trolley-electric, and battery-electric. NFI Group actively supports over 44,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 6,400 are powered by electric and battery propulsion.

NFI Group is also North America’s motor coach market leader offering the Motor Coach Industries Inc. (MCI) J-Series, the industry’s best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry’s best-selling motor coach line in North American history. MCI is also the exclusive distributor of Daimler’s Setra S 417 and S 407 motor coaches in the United States and Canada. MCI actively supports over 28,000 coaches currently in service.

NFI Group also operates North America's most comprehensive parts organization, NFI Parts™, providing parts, technical publications, training, and support for its OEM product lines (transit buses and motor coaches). All buses and coaches are also supported by an industry-leading comprehensive warranty, service, and support network.

Further information is available on NFI Group websites at www.newflyer.com and www.mcicoach.com. The common shares of the NFI Group are traded on the Toronto Stock Exchange under the symbol NFI.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI Group 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 suspend or 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 NFI Group 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
Ph: 320-316-4964