PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: New Flyer Industries, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Maryland Transit Administration Exercises Option to Purchase Ten 60-foot Xcelsior Articulated Buses - New Flyer Industries, Inc. (“New Flyer” or the “Company”) announced that Maryland Transit Administration (“MTA”) has approved the purchase of 10 Xcelsior diesel-electric hybrid 60-foot heavy-duty buses (TSX: NFI; TSX: NFI.DB.U) - NewFlyer.com
Maryland Transit Administration Exercises Option to Purchase Ten 60-foot Xcelsior Articulated Buses

 

NewswireToday - /newswire/ - Winnipeg, Manitoba, Canada, 2013/01/17 - New Flyer Industries, Inc. (“New Flyer” or the “Company”) announced that Maryland Transit Administration (“MTA”) has approved the purchase of 10 Xcelsior diesel-electric hybrid 60-foot heavy-duty buses (TSX: NFI; TSX: NFI.DB.U) - NewFlyer.com. TSX: NFI.DB.U

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

New Flyer Industries, Inc., the leading manufacturer of heavy-duty transit buses in the United States and Canada, announced today that Maryland Transit Administration (“MTA”) has approved the purchase of 10 Xcelsior diesel-electric hybrid 60-foot heavy-duty buses.

The order for 10 articulated buses (20 equivalent units or “EUs”) was placed using options from another US transit authority. The original contract signed in 2010, enabled the assignment of up to 67 options of which 33 still remain after this procurement and are currently included in New Flyer’s backlog.

“These ten buses help move us towards our goal of doubling public transit use by 2020. We believe that protecting our communities and environment begins with building a robust and diverse transit fleet that is well designed, efficient and reduces our dependence on cars,” said Ralign T. Wells, MTA Administrator.

“New Flyer is proud to be selected once again as the preferred bus manufacturer for MTA,” said Paul Soubry, President and CEO of New Flyer. “We understand that having a dependable transit fleet is fundamental to MTA’s needs, therefore we are committed to providing ‘best-in-class’ reliability, along with spare parts, service and lifetime customer care.”

In the past eight years, Maryland has purchased 469 New Flyer buses in both diesel and diesel-electric hybrid propulsions. The MTA has demonstrated its commitment to investing in environmentally friendly vehicles by solely purchasing hybrid buses for six years.

This award was part of the group of firm and option orders for 509 EUs received just prior to the end of 2012 noted in the New Flyer press release of January 9, 2013 as included in the New Flyer backlog, but awaiting approval for the issue of a detailed announcement.

Production of the 10 articulated buses is anticipated to begin in the first quarter of 2013 and will be completely manufactured and assembled at New Flyer of America’s St. Cloud, Minnesota manufacturing facility. All buses are expected to be delivered in the second quarter of 2013.

About New Flyer
New Flyer (newflyer.com) 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.

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.

Forward-Looking Statements
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 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.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: New Flyer Industries, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Maryland Transit Administration Exercises Option to Purchase Ten 60-foot Xcelsior Articulated Buses

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

New Flyer Industries Inc. |
Publisher Contact: Jon Koffman - NewFlyer.com 
204-224-6672 investor[.]newflyer.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any New Flyer Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From New Flyer Industries, Inc. / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

eRetailing, Telematics and Service Aggregation Boost Evolution of Global Automotive Aftermarket in 2017 Finds Frost & Sullivan
Frost & Sullivan Names Drivewyze Company of the Year
Auto Hrvatska, Croatian Importer of MAN Truck & Bus Celebrates its 65th Anniversary
Original Equipment Service Providers in the CV Aftermarket to Edge Out Independent Aftermarket Participants Finds Frost & Sullivan
Frost & Sullivan Commends High Mobility's Potential to Disrupt the Connected Car Market
Beam Axle Market to See Incredible Growth During 2017-2025 Says Persistence Market Research
Suspension Ball Joint Market Rugged Expansion Foreseen by 2025 According to Persistence Market Research
Automotive Manufacturers Leverage Fintech through Partners to Deliver A Differentiated In-vehicle Experience Finds Frost & Sullivan
Axle Bushes Market to Witness Growth Acceleration During 2017-2025 Says PMR
Favourable Government Initiatives and New EV Business Models Boost Poland’s Electromobility Market Finds Frost & Sullivan
Car Washing System Market to Witness Comprehensive Growth by 2026 Reports Persistence Market Research
Autonomous and Connected Technologies to Decrease Transportation Costs to Under 1$ per Mile According to Frost & Sullivan
New Business Models and Aging Car Market Boost UK Automotive Aftermarket Finds Frost & Sullivan
Sales of Automotive Filters Set to Rake in US$ 17.6B by 2025 Reports Persistence Market Research
Voyages Emile Weber, Losch Luxembourg and MAN Collaborate on Emissions-free Public Transport System

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)