| Updated Pacific Series® Front Loader on Display at the 2010 WasteExpo in Atlanta |
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| Release Date: 5/4/2010 |
DODGE CENTER, Minn. (May 04, 2010) – McNeilus Truck and Manufacturing, Inc., an Oshkosh Corporation (NYSE: OSK) company, delivers a newer West Coast front loader that meets the changing demands of its customers. The new Pacific Series Lo-Pro front loader from McNeilus will be on display in booth #4347 at WasteExpo, May 4 – 6 in Atlanta.
McNeilus released the first Pacific Series front loader in 1999 and was successful in delivering a product that performed very well for weight-conscious customers in the west. With the increased popularity of alternative fuels and payload expectations, McNeilus went back to the drawing board to develop the next-generation West Coast front loader.
“Customers on the West Coast have always been trendsetters in our industry, and the new Pacific Series front loader is our answer to their changing requirements,” said Mike Wuest, Oshkosh Corporation executive vice president and Commercial Group president. “The compressed natural gas (CNG) powered Lo-Pro was developed based on a lot of feedback from our customers who needed improved payload and alternative fuel.”
The new Pacific Series front loader weighs in at approximately 16,500 pounds as configured, which includes the new Command Zone 3™ multiplexed control system and the Ngen™ Hydraulics package, that provides for on-demand hydraulic functionality that saves fuel and reduces maintenance costs. In addition, the Lo-Pro design allows for the optional CNG configuration, which provides additional environmental benefits, not to mention the potential fuel savings associated with compressed natural gas.
“Waste haulers are becoming much savvier about the environment and the operating costs of their products. We’re in sync with these haulers and we’re working very hard to develop next-generation products that will meet their expectations while being environmentally forward thinking at the same time,” Wuest said.
The McNeilus CNG products are part of the company’s larger Ngen™ Initiatives, which promote alternative fuels, fuel-saving innovations and composite products. McNeilus is proud to feature Allison transmissions and Cummins ISL-G engines as part of the Ngen CNG vehicle offering.
About McNeilus: McNeilus Companies, Inc., an Oshkosh Corporation [NYSE: OSK] company, is a leading manufacturer of refuse truck bodies and concrete mixers. For more information on the company, go to www.mcneiluscompanies.com.
About Oshkosh Corporation: Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the impact on revenues and margins of the planned decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and tight credit markets; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof; risks related to reductions in government expenditures, the potential for the government to competitively bid the Company’s Army and Marine Corps contracts, the startup of the Family of Medium Tactical Vehicles contract and the uncertainty of government contracts generally; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
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