Oshkosh Corporation (NYSE: OSK), announced today that its subsidiary,
Pierce Manufacturing, reported its first ever sale of Pierce fire
apparatus in China. A new order for six Pierce® custom pumpers was
received from the Nanjing, Jiangsu Province Fire Bureau in the People’s
Republic of China. The vehicles are scheduled for delivery in June 2010.
"Pierce is honored to have been selected by the Jiangsu Province Fire
Bureau for this municipal fire truck order. We are proud to provide this
new customer with the most technologically-advanced and best performing
fire trucks in the world,” said Wilson Jones, Oshkosh Corporation
executive vice president and president, Fire & Emergency. "The sale
reflects Oshkosh Corporation’s dedication to increasing international
sales through outstanding customer support and after sales service.”
The contract will provide Jiangsu Province with advanced fire protection
along with technical services and parts. The six Pierce pumpers, built
on Saber® chassis, are customized to meet the unique needs of the
Jiangsu Province Fire Department and also to meet the China Compulsory
Certification (CCC) standards concerning product safety. Jiangsu
Province is located 300km west of Shanghai, has a population of 73
million and its gross domestic product is amongst the strongest in
China. The region aspires to be the high-technology corridor of China
and most of the largest global companies have a presence there.
Urbanization in Jiangsu Province is second only to that in the city of
Shanghai.
"Oshkosh first made inroads to China by selling our Airport Rescue &
Fire Fighting equipment. We were able to build upon those relationships
to introduce the region to the Pierce fire apparatus and the features
that these specialized departments need,” said Desmond Soh, Oshkosh
Corporation president Asian Operations. "This is a milestone for both
the customer and the company, and we will continue to leverage the
relationships.”
Each Pierce pumper is equipped with a 1500 gallons per minute (gpm)
midship pump, Husky® 12 foam system and a 200 cfm (95 lps) compressed
air foam system(CAFS) for enhanced firefighting power. Other features
include a 10-inch raised roof cab for easier ingress and egress and
large storage compartments with roll-up doors. In addition, the vehicles
are engineered with a removable passenger side pump panel to allow
easier access for maintenance.
About Pierce Manufacturing
Pierce Manufacturing Inc., an Oshkosh Corporation [NYSE: OSK] company,
is the leading North American manufacturer of custom fire apparatus.
Products include custom and commercial pumpers, aerials, rescue trucks,
wildland trucks, minipumpers, elliptical tankers, and homeland security
apparatus. In addition, Pierce designs its own foam systems and was the
first company to introduce frontal airbags and the Side Roll Protection
system to fire apparatus. To learn more about Pierce visit www.piercemfg.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 Corporation
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®. The
Oshkosh brands 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 risks related to the required increase
in the rate of production for the M-ATV contract and the amount, if any,
of additional orders for M-ATVs that the Company may receive; the
cyclical nature of the Company’s access equipment, commercial and fire &
emergency markets, especially during a global recession and credit
crisis; the duration of the global recession, which could lead to
additional impairment charges related to many of the Company’s
intangible assets; the expected level and timing of U.S. Department of
Defense procurement of products and services and funding thereof,
including the outcome of the formal protests of the Family of Medium
Tactical Vehicles (FMTV) award to the Company; risks related to
reductions in government expenditures and the uncertainty of government
contracts; 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.