|MCI celebrates a 13 MCI J4500 coach order from Coach Atlantic during UMA Expo. Gathered from left are: Stephen Cassidy, of the Cassidy Group of Companies; Guy Charron, MCI regional sales vice president Canada; Pat Ziska, MCI new coach sales vice president; Marsha Doiron, Coach Atlantic vice president marketing and development; Patrick Scully, MCI executive vice president sales and marketing; Adam Doiron, Coach Atlantic CEO; Matthew Cassidy, Coach Atlantic vice president finance, and Ian Smart, MCI president.|
DECLARING IT 'THE RIGHT DEAL, THE RIGHT CHOICE' COACH ATLANTIC SIGNS
FOR 13 NEW MCI® J4500 COACHES AT UMA EXPO
DES PLAINES, ILLINOIS, MARCH 10, 2017: (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 and parts supplier in North America has capped a great first year as a New Flyer company with the signing of a $7.5 million order with Coach Atlantic Group for 13 MCI J4500 motor coaches at the 2017 UMA Expo.
"It's a significant investment for a privately held company," said Pat Ziska, MCI New Coach Sales Vice President at the motorcoach industry's biggest event, held this year in St. Louis. "MCI is extremely honored that Coach Atlantic Group has selected the MCI J4500 to serve their regional passengers and the many global visitors who enjoy the unique beauty of Canada's Maritime Provinces."
Coach Atlantic, based on Prince Edward Island, Canada, is well positioned in the Maritimes as one of Canada's most diversified transportation companies. More than 300 of Coach Atlantic's dedicated, professional employees manage, service and operate 200 vehicles with daily, weekly and seasonal bus services for charter, line-run, public school and municipal transit customers.
"The company philosophy places emphasis on why we do what we do rather than what we do or how we deliver service," said Adam Doiron, Coach Atlantic CEO. "Our people are focused on customer service and a truly memorable passenger experience. It's the right deal and the right choice for us."
The MCI J4500 is a fitting choice, thanks to its reputation for head-turning looks inside and out, while offering the lowest total cost of operation in the industry. Coach Atlantic's 2017 models are equipped with the latest clean-diesel Cummins engine technology and features. These include electronic stability, ZF independent suspension for great handling, plus new sleekly styled Amaya extra-legroom seating for 56 passengers, enjoying the 110-volt power outlets and USB ports for work and play.
Matthew Cassidy, Coach Atlantic Vice President of Finance, brought up another important reason behind the deal. "Signing a bus order is one thing. Finding the right financing is another matter. We thank our industry partner MCI and our financial institutions for supporting our vision. Most importantly, we thank our staff and our loyal customers for making this order a reality," he said.
"It was a thrill to mark this order at UMA Expo," added Guy Charron, MCI Regional New Coach Sales Vice President in Canada, who is also responsible for the Coach Atlantic account. "Our mutual goals go much further than the units themselves. We share a vision and MCI promises to offer our support all along the way. This is what the MCI and Coach Atlantic relationship is really all about."
NOTE: All dollar amounts are stated in Canadian currency.
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, Motor Coach Industries Limited and Motor Coach Industries, Inc., the Company is the leader in motor coaches in Canada and the U.S., 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., 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 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.
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 coaches and to purchase parts or services, customers may not exercise options to purchase additional coaches, 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.
For further information, please contact:
|Patricia Plodzeen Public Relations,
|or||Jon Koffman, New Flyer 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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