Seattle awards New Flyer a contract for 222 Xcelsior® transit buses

New Flyer of America Inc., a subsidiary of New Flyer Industries Inc. (“New Flyer” or the “Company”), the largest transit bus and motor coach manufacturer and parts distributor in North America, announced today that Seattle’s King County Department of Transportation (“King County DOT”) has awarded New Flyer with a contract for 222 60-foot articulated New Flyer Xcelsior® diesel-electric hybrid buses (or 444 equivalent units or “EUs”).

King County DOT, officially the King County Department of Transportation Metro Transit Division or Metro for short, is the public transit authority of King County, Washington. It began operations on January 1, 1973, but traces its roots to Seattle Transit, founded in 1939, and Overlake Transit Service, founded in 1927. Metro is the eighth-largest transit bus agency in the United States, carrying an average of 395,000 passengers each weekday on some 215 routes.

The contract is valued at approximately $202 million and includes both two and three door 60-foot bus configurations that will add to King County’s diesel-electric hybrid or trolley fleet. The buses will also replace some Seattle transit buses that have reached the end of their useful life.

Since 1999, New Flyer has delivered or has on order 1,400 transit buses for King County DOT. The majority of this new order are scheduled for delivery in the second half of 2017 with the remaining planned for delivery in 2018.

Note the 222 XDE60 buses were previously accounted for in New Flyer’s fourth quarter orders and backlog press release announced on January 11, 2017.

NOTE: All dollar amounts are stated in U.S. currency.

About New Flyer Industries

New Flyer Industries 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.