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NICE bus order from New Flyer - 2/14/17 update

Posted by gold_12th on Fri Feb 17 11:40:13 2017

New Flyer announced today that Nassau Inter-County Express ("NICE") located in Garden City, NY and operated by Transdev Services, Inc. in the State of New York, has exercised an option under its current contract for 28 (or 38 equivalent units or EUs) heavy-duty 40-foot XcelsiorŽ compressed natural gas ("CNG") buses, and has also purchased five each (10 EUs) 60-foot Xcelsior compressed natural gas ("CNG") buses. Once completed, 30 buses will remain on the contract to be exercised at a later date.

The 28 40-foot buses replace existing buses in the NICE fleet that have reached the end of their useful life and are placed into immediate service, while the five 60-foot buses will be placed into service beginning April 2017.

The option quantities for this award were mentioned in New Flyer's 2016 third quarter results announced on November 11, 2016, and therefore have been accounted for in New Flyer's backlog.

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