New York City Transit Authority places order for Allison electric hybrid equipped New Flyer buses to upgrade its fleet
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H 40 / 50 EP™
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The largest transit authority in the United States is adding 50 New Flyer buses equipped with Allison H 40 EP™ electric hybrid propulsion systems.
INDIANAPOLIS, July 28, 2020 – New Flyer and Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions,
including electric hybrid and fully electric propulsion systems, will deliver 50 Allison electric hybrid equipped buses to the largest transit authority in the U.S., New York City Transit (NYCT). The majority of the electric hybrid buses will be delivered
in 2021, allowing Allison to showcase the H 40 EP electric hybrid system’s industry leading reliability and durability. New York City Transit Authority maintains a fleet of over 5,700 buses, 60 percent of which are equipped with Allison Bus
Series™ B 400 and B 500 transmissions.
“Our electric hybrid propulsion system offers New York City a considerable advantage,” said Rohan Barua, Vice President of North America Sales at Allison Transmission. “Not only will these systems improve air quality, they are fuel efficient
as well. New York City has indicated they will rely on Allison electric hybrids to reduce CO2 emissions in the city, while allowing the city to maintain a durable, reliable, economical fleet.”
Over 10,000 state- and city-owned vehicles operating in New York are powered by Allison. “Across the state, public and private sector service providers, including first responders, rely on Allison to drive innovation, get the job done, and improve
the way the world works,” said Branden Harbin, Managing Director of Global Marketing at Allison Transmission. “Allison’s first commercial vehicle transmission was designed for and delivered to the transit market. Allison followed
that success by being the first to launch an innovative electric hybrid solution that addressed articulated and non-articulated buses for the transit market. Since then, Allison has delivered more than 8,500 electric hybrid propulsion systems globally,
including deliveries to more than 14 agencies in New York State. These systems have accumulated nearly 2.2 billion miles, saving more than 265 million gallons of fuel, and preventing 2.6 metric tons of CO2 emissions from entering the atmosphere.
“Allison is committed to continuing to deliver the H 40 EP electric hybrid system to customers that demand the proven value and reliability that system has consistently delivered,” said Harbin.
Jul 29, 2020
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
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This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.