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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (19122)	6/22/2016 8:59:21 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

New Flyer Industries (NFI-T) June 22, '16 New Flyer of America Inc., a subsidiary the largest heavy-duty transit bus and motor coach manufacturer and parts distributor in North America, announced today that Lane Transit District ("LTD"), located in Eugene, Oregon awarded New Flyer a contract for up to 75 heavy-duty 40 or 60-foot Xcelsior® clean diesel and diesel electric hybrid buses. The contract includes a firm order for five Xcelsior XDE40 buses valued at approximately $3.19 million, with options for an additional 70 units over the next five years. The order will replace older vehicles in LTD's current fleet with newer, more fuel efficient Xcelsior buses. LTD provides nearly 11 million passenger trips annually, operating on 37 routes and serving the metropolitan of Eugene and surrounding rural communities. New Flyer has delivered 36 heavy-duty transit buses to LTD since 2004. "For more than a decade New Flyer has partnered with Lane Transit", said Paul Soubry, President and Chief Executive Officer of New Flyer. "We are proud to work with a transit group that has been awarded Transit System of the Year by the American Public Transit Association in 2014, and are confident that our best-in class heavy-duty Xcelsior bus will directly support LTD's sustainability initiatives." NOTE: All dollar amounts are stated in U.S. currency. 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 42,000 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.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. SOURCE New Flyer Industries Inc. please contact: Jon Koffman, Investor Relations, Tel: 204-224-6672Copyright