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February 26, 2009 Appleton, WI – Pierce Manufacturing, an Oshkosh Corporation (NYSE:OSK) company, today announced an order from the Chesapeake Fire Department in Chesapeake, Va. for 11 Pierce® Ultimate Configuration (PUC) pumpers. In addition, the department ordered a firefighter rehabilitation vehicle with a 24-foot walk-in body. The first Pierce PUC pumper was delivered in late January 2009 and all remaining vehicles will be placed into service by October 2009. The total apparatus order is valued at $6.75 million.
“The Pierce PUCs will be a tremendous asset to our department and our community. We were extremely impressed by the PUC engineering, especially its effective use of space and how it permits firefighters to access equipment more quickly and easily,” said Stephen Best, fire chief of the Chesapeake Fire Department. “Firefighter safety is our department’s top priority, and the advanced safety technologies found on the Pierce Quantum® chassis, including side-roll protection, frontal airbags, electronic stability control, and a tire pressure management system will provide an envelope of protection around our firefighters.”
The Chesapeake Fire Department was first introduced to the PUC body configuration at an industry trade show in 2007. The PUC dramatically alters the way the fire service configures apparatus by removing the bulky pumphouse without compromising firefighting capabilities. This industry-changing, multi-purpose vehicle has been engineered to be easier to use, service, maneuver and operate safely.
“Our department’s fleet replacement program was becoming a concern, and our fire trucks were lacking important safety features and performance technologies. Moreover, vehicle downtime, repairs and out-of-service time were driving up the costs of operating an older fleet. Thankfully, a creative lease- to-purchase program, along with an extremely supportive administration and city council, allowed us to obtain a new fleet of front line pumpers,” added Best.
Built on Pierce Quantum chassis, the pumpers are identically configured, with the exception that five have flat cab roofs to accommodate lower-height station doors. Important features include TAK-4® independent front suspension, a 435 hp engine, 6-speed automatic transmission, 400 amp alternator, 27-inch front bumper extension, wireless headset radio system for the driver and officer, hands-free SCBA brackets, keyless entry and a Whelen LED lighting package. Firefighting features include a 1500 gpm single-stage pump, 750-gallon poly water tank, Husky® 12 dual agent foam system and a radio remote control deck gun.
“The PUC configuration has taken its rightful position as one of the most successful innovations in our company’s history,” said Wilson Jones, Oshkosh Corporation executive vice president and president, Fire & Emergency. “The feedback we’re receiving from fire departments is beyond expectations, and demonstrates the PUC’s acceptance by the fire industry.”
The Chesapeake Fire Department covers the city with 15 stations and a total of 17 engines, three ladder trucks and nine medic units. The department averages 24,000 calls a year. Singer and Associates, the Pierce dealer serving Virginia, Maryland, Delaware, portions of West Virginia and the District of Columbia, supplies service and support.
Photo Caption: The first of 11 Pierce® PUC pumpers is delivered to the Chesapeake Fire Department.
*The Pierce name, Pierce logo, TAK4, Husky and Quantum chassis name are registered names of the Oshkosh Corporation
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 Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, Geesink™, Norba™, Kiggen™, 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 about Oshkosh Corporation visit www.oshkoshcorporation.com
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 consequences of financial leverage associated with the JLG acquisition, especially given turmoil in the credit markets, the level of the Company’s borrowing costs and the Company’s ability to successfully amend its credit agreement to provide financial covenant relief; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the Company’s ability to obtain cost reductions on steel and other raw materials following sharp cost increases in 2008, obtain other cost decreases or achieve product selling price increases; the duration of the global recession and its adverse impact on the Company’s share price, which could lead to 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; risks related to reductions in government expenditures and the uncertainty of government contracts; risks associated with international operations and sales, including foreign currency fluctuations; the Company’s ability to turn around its Geesink business; risks related to the collectibility of receivables during a recession, especially access equipment receivables; 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.
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