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FreightCar America Delivers 100,000th Aluminum CarAt a commemorative ceremony today, FreightCar America (Nasdaq:RAIL) delivered the 100,000th aluminum railcar produced by the company. The ceremony was in Danville, Illinois where the 100,000th aluminum car was built. The milestone car, a BethGon(R) II railcar for carrying coal, was part of an order totaling 2,695 cars for NRG Energy, Inc. of Princeton, New Jersey. Executives from NRG and FreightCar America were in attendance at the ceremony along with Illinois state and local officials. Kenneth D. Bridges, FreightCar America's senior vice president of operations said, "The first new railcar we ever built in Danville was for an NRG predecessor company. Remarkably, NRG is now accepting the 100,000th aluminum railcar here." Since 1997, NRG has acquired over 4,500 aluminum coal cars from FreightCar America, all of them built at the Danville facility. Virginia Farrow, NRG Energy's manager, rail fleet, christened the 100,000th car as she accepted it during the ceremony. NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in Texas and the Northeast, South Central and Western regions of the United States. Dirk Cook, manager, coal transportation for NRG Energy, said, "We are very happy to accept this history-making coal car from a builder whom we look to for timely delivery of cars that meet our high standards of durability and quality," Vicki Haugen, president and CEO of Vermilion Advantage, the Danville area economic development advocate, said, "We are so proud that this milestone event is taking place at the Danville facility for FreightCar America. The management and employees at this facility have built an outstanding reputation for themselves with respect to product quality and delivery reliability. They are a valued employer in our community and have many accomplishments to celebrate today." FreightCar America manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and AVC aluminum vehicle carriers. FreightCar America is headquartered in Chicago and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. More information about FreightCar America is available at www.freightcaramerica.com. This press release may contain statements relating to our expected financial performance and/or future business prospects, events and plans that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. These potential risks and uncertainties include, among other things: the cyclical nature of our business; adverse economic and market conditions; fluctuating costs of raw materials, including steel and aluminum, and delays in the delivery of raw materials; our ability to maintain relationships with our suppliers of railcar components; our reliance upon a small number of customers that represent a large percentage of our sales; the variable purchase patterns of our customers and the timing of completion, delivery and acceptance of customer orders; the highly competitive nature of our industry; the risk of lack of acceptance of our new railcar offerings by our customers; and the additional risk factors described in our filings with the Securities and Exchange Commission. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. More information about FreightCar America is available on its website at www.freightcaramerica.com." # # # |
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