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JERR-DAN RECEIVES ORDER FROM VIETNAM FOR 14 TOWING AND RECOVERY VEHICLES
GREENCASTLE, PENN. (July 24, 2009) -
Jerr-Dan Corporation, an Oshkosh Corporation [NYSE: OSK] company and a leading manufacturer of towing and recovery equipment, announced that it has received an order for 14 vehicles --12 Jerr-Dan® HPL-3560 standard-duty wreckers and two Jerr-Dan MDL 320 medium-duty wreckers.
The Vietnam Ministry of Public Security, Police Department ordered the trucks, which will be delivered and placed into service in Hanoi this fall.
“This order from the Vietnam Ministry of Public Security is testament to the strength of our products, and we look forward to serving our customer in Vietnam with the reliable wreckers,” said Wilson Jones, Oshkosh Corporation executive vice president, Fire & Emergency and interim president of Jerr-Dan Corporation. “We continue to make inroads throughout Southeast Asia with sales such as these that demonstrate the increased awareness and preference for our towing and recovery vehicles that have always been recognized for their outstanding reliability and durability in the United States.”
The HPL-3560 fully-welded steel wrecker bodies will be mounted on Ford F-550 chassis. The wreckers feature a self-contained recovery boom with capacities from 4 to 12 tons, and an extended underlift with 3,500 lbs of capacity. The units also offer dual manual wheel lift controls and a six-function hydraulic wheel lift system for easier vehicle loading.
Other notable features include: a rugged, fully welded steel body; diamond-plate decking for strength and good looks; and in deck L-Arm storage tubes for convenience. Available options for the HPL-3560 include a wide variety of hydraulically powered recovery booms, winches, toolboxes, lighting packages and towing accessories.
The MDL 320 medium-duty wrecker bodies will be mounted on Hino chassis. The lightweight, composite body resists stress cracks and never rusts. With its long underlift and negative tilt crossbar, the MDL 320 allows for easier reach, especially when making downhill recoveries. The underreach and boom are mounted to the chassis subframe to transfer forces away from the body, reducing wear.
Photo caption: The Jerr-Dan® HPL-3560 standard-duty towing and recovery vehicle.
About Jerr-Dan
Jerr-Dan Corp., an Oshkosh Corporation [NYSE: OSK] company, is a leading manufacturer of towing and recovery equipment. Its full line includes light-, medium- and heavy-duty carriers and wreckers, industrial transporters and four-car carriers. The company is headquartered in Greencastle, Penn., and its products are backed by industry-leading warranties and a strong service network dedicated to the towing professional. Visit www.jerr-dan.com to learn more.
About Oshkosh Corporation
Oshkosh Corporation [NYSE: OSK] is the leading North American manufacturer of a broad range of snow removal vehicles, fire and emergency vehicles, specialty access equipment, commercial vehicles, and military vehicles and vehicle bodies. Oshkosh's products are valued worldwide by municipal and airport support services, fire and emergency units, concrete placement companies, rental companies, defense forces, and refuse businesses where high quality, superior performance, rugged reliability and long-term value are paramount. Visit www.oshkoshcorporation.com for more information.
®, ™ 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 consequences of financial leverage associated with the JLG acquisition, including the level of the Company’s borrowing costs, the increased interest rates the Company would face if it experienced a deterioration or downgrade in credit agency ratings and the Company’s ability to maintain compliance with its financial covenants under its credit agreement; 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 and its adverse impact on the Company’s share price, 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; risks related to reductions in government expenditures and the uncertainty of government contracts; the potential for commodity costs to rise sharply in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; the Company’s ability to close the sale of its Geesink business on its expected timetable; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; 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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Author: Linda Bartelt
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Jerr-Dan® HPL-3560 standard-duty towing and recovery vehicle.
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