Canada NewsWire
ST. CLOUD, MN, Feb. 15, 2018
ST. CLOUD, MN, Feb. 15, 2018 /CNW/ - (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 Fort Worth Transportation Authority (FWTA) has awarded New Flyer with a new contract for up to 46 Xcelsior® compressed natural gas (CNG) sixty-foot, heavy-duty transit buses.
The contract includes six firm orders with options to purchase an additional 40 compressed natural gas (CNG) sixty-foot, heavy-duty transit buses, which will support Fort Worth's growing population with efficient, reliable, and affordable transportation. The Dallas/Fort Worth community is among the fastest growing metropolitan areas in the country, and by 2035, Tarrant County is projected to grow by over 50% to 2.8 million residents.
"We are proud to help the FWTA expand its fleet and operation in the Dallas/Fort Worth area," said Wayne Joseph, President, New Flyer of America. "As one of America's fastest-growing regions, it has illustrated leadership in developing efficient, reliable transit infrastructure alongside a vibrant and growing community. Our CNG buses will help deliver on FWTA's Master Plan, while also providing a sustainable solution for public transportation."
The Fort Worth Transportation Authority is a regional transportation authority of the State of Texas, providing public transportation in Tarrant County and the North Central Texas region. It provides more than 10 million passenger trips annually.
The NFI Group has over 50 years of experience in manufacturing zero-emission buses (ZEBs).
About NFI Group
NFI Group and its subsidiaries comprise the largest bus and motor coach manufacturer and parts distributor in North America, with 32 fabrication, manufacturing, distribution, and service centers located across Canada and the United States and employing nearly 6,000 team members.
NFI Group provides a comprehensive suite of mass transportation solutions under several brands: New Flyer® (heavy-duty transit buses), ARBOC® (low-floor cutaway and medium-duty buses), MCI® (motor coaches), and NFI Parts™ (bus and coach parts, support, and service). NFI Group's vehicles incorporate the widest range of drive systems available ranging from clean diesel, natural gas, diesel-electric hybrid, trolley-electric, battery-electric, and fuel cell-electric.
Further information is available at www.newflyer.com, www.arbocsv.com, and www.mcicoach.com. The common shares of 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.
SOURCE New Flyer of America Inc.
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