OSHKOSH, WIS. (April 28, 2011) – The Oshkosh Fire & Emergency segment of the Oshkosh Corporation (NYSE: OSK) today announced the purchase of the SNOZZLE® product line and all related intellectual property from Crash Rescue Equipment Services, Inc. of Dallas, Tex. Production will be relocated to the Oshkosh Fire & Emergency Campus in Wis. and phased in over the next 6-12 months.
“This acquisition gives Oshkosh Airport Products and Pierce customers exclusivity to the SNOZZLE high-reach extendable turret and, with it, the best-in-class service and support they’ve come to expect through our combined network of factory direct resources and excellent dealers,” said Jim Johnson, Oshkosh Corporation executive vice president and president, Fire & Emergency. “The SNOZZLE redefines firefighting performance and agent application in emergency situations, and we’re proud to feature this innovative fire suppression technology in our industry leading portfolio of products.”
The SNOZZLE apparatus is available with a piercing nozzle that can strategically enter an aircraft’s passenger cabin, cargo compartment or other structure for direct application of firefighting agents. The lightweight, highly flexible extendable turret is able to operate as an elevated water tower through a doorway or over a wing exit without endangering firefighters. The product’s patented ability to shoot a full master stream at ground level allows for quick and effective cooling of burning aircraft tires and hot brakes. In addition, the SNOZZLE will reach down at or below grade where it can successfully employ the “seat of the fire” method of attacking a fuel spill fire.
Available in either 50 or 65-foot boom lengths – and single or dual nozzle configurations – the SNOZZLE is available with a tip mounted forward looking infrared (FLIR) camera that allows the operator to quickly locate and pinpoint the heat source.
About Oshkosh Corporation Fire & Emergency Segment
Known for safety, quality and leading edge technology, the Oshkosh Corporation Fire & Emergency segment designs and manufactures a full line of fire apparatus, mobile medical, broadcast communications, recovery and homeland security vehicles. Brands under the F&E segment include: Pierce®, Oshkosh® Airport Products, Medtec®, Oshkosh Specialty Vehicles, Frontline™ and SMIT™.
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®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.
®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
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 decrease in M-ATV production rates; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, 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 (DoD) procurement of products and services and funding thereof, especially in an environment when the U.S. government is operating under a Continuing Resolution budget action; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; the potential for commodity and other raw material costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to work stoppages and other labor matters; the potential for disruptions or cost overruns in the Company’s global enterprise system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; and risks related to disruptions in the Company’s distribution networks. 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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