Rochester-Genesee, NY exercises an option for twenty articulated Xcelsior
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 Flyer's backlog.
"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
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
The common shares and convertible unsecured subordinated debentures of New
Flyer are traded on the Toronto Stock Exchange under the symbols NFI and
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.
Jon Koffman Investor Relations Tel: 204-224-6672
SOURCE: New Flyer Industries Inc.
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-0- Feb/11/2013 22:01 GMT
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