Los Angeles County Metropolitan Transportation Authority awards New Flyer a contract for up to 900 40-foot buses

WINNIPEG, Feb. 7, 2013 /CNW/ - (TSX:NFI) (TSX:NFI.DB.U) New Flyer Industries Inc. ("New Flyer" or the "Company"), the leading manufacturer of heavy-duty transit buses in the United States and Canada, announced today that the Los Angeles County Metropolitan Transportation Authority ("Metro") has awarded New Flyer a contract for up to 900 Xcelsior™ 40-foot heavy-duty compressed natural gas ("CNG") buses.

The five-year contract contains a firm order for 550 buses and options for up to an additional 350 buses. Between 1998 and 2001, New Flyer manufactured 466 CNG buses for Metro. This build will be the first time New Flyer has built for Metro in over ten years and the first time the Newissued the Company a notice of intent to award this contract but advised that Metro Safety Committee and Board of Directors approvals had to be achieved before a contact could be issued.

The 550 Xcelsior™ 40-foot buses are anticipated to begin production in the fourth quarter of 2013 and will be completely manufactured and assembled at New Flyer of America's St. Cloud, Minnesota manufacturing facility. All 550 buses part of the expected to be delivered by the latter half of the first quarter of 2015.

About New Flyer

New Flyer 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