WINNIPEG, Feb. 11, 2013 /CNW/ - (TSX: NFI; TSX: NFI.DB.U) New Flyer
Industries Inc. ("New Flyer" or the "Company"), the leading
manufacturer of heavy-duty transit buses in the United States and
Canada, announced today that Rochester-Genesee Regional Transportation
Authority ("RGRTA") has exercised options under an existing contract,
signed August 2009 for 20 60-foot heavy-duty Xcelsior articulated clean
diesel buses (40 equivalent units or "EUs"). The original contract was
for 120 buses (240 EUs), of which 84 buses (168 EUs) still remain under
that contract after these options are exercised and are included in New
"We are very excited to build our 60' articulated Xcelsior bus for
Rochester-Genesee Regional Transportation Authority. This announcement
builds on their recent contact award to New Flyer for our 40' Xcelsior
buses and demonstrates their commitment to industry leading quality and
value," said Paul Soubry, New Flyer's President and Chief Executive
Officer. "RGRTA fleet will continue to have the full support of the
New Flyer warranty, service, training, spare parts and lifetime
customer care program."
Ten of the twenty articulated buses are scheduled to begin production in
the first quarter of 2013 with delivery anticipated to occur in the
second quarter of 2013. The remaining ten will begin production and be
delivered in the second quarter of 2013. The buses will be completely
manufactured and assembled at New Flyer of America's St. Cloud,
Minnesota manufacturing facility.
RGRTA's active heavy duty fleet size remains at 253 buses, after both
the 33 bus New Flyer award, announced November 9, 2012 and the above 20
buses are built. These twenty New Flyer buses will be replacements for
buses currently in RGRTA's fleet.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in the
United States and Canada. The Company's three manufacturing facilities
- in St. Cloud, MN; Crookston, MN; and Winnipeg, MB - are all ISO 9001,
ISO 14001 and OHSAS 18001 certified. The Company currently operates a
parts fabrication facility in Elkhart, IN and four parts distribution
centers in Erlanger, KY; Fresno, CA; Winnipeg, MB and Brampton, ON.
The Company also operates a service center in Arnprior, ON.
With a skilled workforce of over 2,000 employees, New Flyer is a
technology leader, offering the broadest product line in the industry,
including drive systems powered by clean diesel, LNG, CNG and electric
trolley as well as energy-efficient diesel-electric hybrid vehicles.
New Flyer has delivered over 32,000 heavy-duty buses in the United
States and Canada. All products are supported with an
industry-leading, comprehensive parts and service network. Further
information is available on New Flyer's web site at www.newflyer.com.
The common shares and convertible unsecured subordinated debentures of
New Flyer 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.
SOURCE: New Flyer Industries Inc.