03.05.2005 13:31:00
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Oshkosh Truck Subsidiary, McNeilus, Introduces New M5 Rear Loader Refu
Business Editors/Automotive Writers
Waste Expo 2005
OSHKOSH, Wis.--(BUSINESS WIRE)--May 3, 2005--Oshkosh Truck Corporation (NYSE:OSK), a leading manufacturer of trucks and truck bodies, announced today that its subsidiary, McNeilus Companies, Inc., has introduced a new rear loader, called the M5(TM), to the refuse hauling market. The new McNeilus(R) M5 is designed for private and municipal waste haulers that are looking for a small- to mid-sized packer with significant payload capacity and a quick delivery. It is available in sizes from 10 to 20 cubic yards.
The new body was introduced at Waste Expo 2005, May 2-5 in Las Vegas, the largest trade show in North America that serves both the private and public sectors of the waste industry.
"The new M5 bridges the compact and medium size market categories," said McNeilus Companies' President Mike Wuest. "We leveraged the excellent engineering development work of our European refuse subsidiary to extend McNeilus' broad refuse body product offering in North America. This new rear loader provides a great solution for municipalities and private refuse haulers that need a truck that's more compact and maneuverable, yet still able to carry a sizeable payload."
One of the main advantages of this new design is its lighter weight combined with significant payload capacity. The M5 packs up to 1,000 lbs. per yard (depending on packing density of materials) because of the use of high tensile strength, wear-resistant steel plate in key areas of the body. The unit also features "pack-on-the-go" hydraulics, which provide optimum cycle times to maximize fleet productivity.
McNeilus Companies, Inc. is a subsidiary of Oshkosh Truck Corporation and a leading manufacturer of refuse truck bodies, concrete mixers and batch plants. For more information, go to www.mcneiluscompanies.com.
Oshkosh Truck Corporation (NYSE:OSK) is a leading manufacturer of specialty trucks and truck bodies for the defense, fire and emergency, concrete placement and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh(R), Pierce(R), McNeilus(R), Medtec(TM), Geesink(R), Norba(R), Jerr-Dan(R), CON-E-CO(R) and London(R) brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $2.3 billion in fiscal 2004. To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com
Forward-Looking Statements
This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as the company "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions 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, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, without limitation, risks related to reductions in government expenditures, the uncertainty of government contracts and the possibility that expected cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.
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CONTACT: Oshkosh Truck Corporation Charlie Szews (Financial), 920-233-9332 or Kirsten Skyba (Media), 920-233-9621
KEYWORD: NEVADA WISCONSIN TRACK INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING REAL ESTATE BUILDING/CONSTRUCTION TRADESHOW PRODUCT SOURCE: Oshkosh Truck Corporation
Copyright Business Wire 2005
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