NORTH DAKOTA SENATOR JOHN HOEVEN VISITS MCI PEMBINA PLANT,
PRAISES SUCCESSFUL U.S. MANUFACTURING MODEL
DES PLAINES, ILLINOIS, APRIL 7, 2016: (TSX:NFI) (TSX:NFI.DB.U) Motor Coach Industries ("MCI"), a subsidiary of New Flyer Industries Inc. (the "Company"), the largest bus and motor coach manufacturer in North America announced U.S. Senator John Hoeven, R-ND, called the success of MCI's Pembina, North Dakota manufacturing hub a thriving example of U.S. manufacturing leadership, crediting North Dakota's "strong, pro-business environment" and MCI's long history of "innovation and commitment to quality."
While Hoeven toured the Pembina plant March 21, MCI officials thanked the senator for his hard work in passing the Fixing America's Surface Transportation (FAST) Act last December — the first law in more than a decade to provide long-term funding certainty for surface transportation.
"MCI appreciates Senator Hoeven's role in passing FAST Act," said Patrick Scully, MCI Executive Vice President of Sales and Marketing. "When public transit has access to FAST Act funds to replace or add coaches, MCI is able to continue employing workers right here in Pembina, while supporting our local and nationwide supplier relationships."
Opened in 1963, MCI's Pembina plant is the current home to MCI's D-Series models including its industry-leading Commuter Coach, seen in many public transit fleets. Senator Hoeven, who was North Dakota's governor from 2000 through 2010, is a long time advocate for public transit, secure infrastructure funding and improvements in public safety. During his tour, Hoeven viewed the manufacturing facility, met employees and was briefed on MCI's Quality-at-Source (QAS) initiatives, which have led to improved production quality throughout MCI.
"Motor Coach Industries has provided good jobs for North Dakotans for many years and is a good example of successful manufacturing right here in the United States," said Hoeven. "North Dakota's strong pro-business environment, combined with the company's innovation and commitment to quality, have helped MCI to grow and thrive."
The FAST Act will help North Dakota move transportation projects forward with more than $250 million in funding throughout fiscal 2016 to improve road, bridge and other infrastructure projects.
As governor, Hoeven oversaw the creation and implementation of various programs aimed at improving infrastructure and transportation, including a 2001-2003 funding award to MCI used for employee training to elevate skill levels.
Production in Pembina is ramping up.
There are more than 200 workers at MCI's Pembina plant, which is the company's primary final assembly facility for MCI's D-Series coach, the best-selling North American motor coach of all time and the company's best-selling model in 2014 and 2015.
Work is speeding up. In February, MCI announced that NJ Transit exercised an option to add 332 Commuter Coaches to its fleet, following the transit agency's July 2015 contract for 772 new Commuter Coaches. Together, the options increase NJ Transit's MCI Commuter Coach purchase to 1,104 vehicles over the next six years.
In March, Denver Regional Transportation District extended its 2013 contract, choosing to add another 42 Commuter Coaches to its fleet. Denver RTD also purchased 59 coaches in 2015 for its Flatiron Flyer service between Denver and Boulder.
"We see motor coach transport as the future of public transit," Scully said afterward. "As communities grow, road-based motor coach transportation is by far the most affordable, flexible and ecologically sensible option to carry citizens around the region and around the nation. We are most grateful to Senator Hoeven for seeing this trend early and supporting MCI in its creation of superior vehicles to serve communities and passengers throughout North America."
The Company employs approximately 5,000 team members and 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.
Through its Canadian and U.S. subsidiaries, Motor Coach Industries Limited and Motor Coach Industries, Inc. (together, "Motor Coach Industries"), 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 S 417 and S 407 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.
Through its Canadian and U.S. subsidiaries, New Flyer Industries Canada ULC and New Flyer of America Inc. (together, "New Flyer"), 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.
The Company also operates North America's most sophisticated 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.
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.
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. 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, dividends are not guaranteed and will be declared in the discretion of the Company's board of directors based on the Company's financial position, liquidity and business requirements and future prospects, the covenants contained in the Company's senior credit facility could impact the ability of the Company to fund dividends and the other risks and uncertainties detailed in the disclosure documents 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.
For further information, please contact:
Patricia Plodzeen Public Relations,
Jon Koffman, Investor Relations
Motor Coach Industries - A New Flyer company: Corporate Address 200 East Oakton Street, Des Plaines, Illinois 60018 | Phone: 866-MCICOACH
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