January 12, 2011
McConnellsburg, Pa. (January 10, 2011) — JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading manufacturer of aerial work platforms and telescopic material handlers, announced today that it is adding a new model to the JLG line of Ultra Series boom lifts. The new 1500SJ is a 150-foot telescopic boom lift that delivers greater work envelope flexibility and superior reach at elevated heights.
“We are proud to introduce the 1500SJ to the industry and our customers, providing them with a lift that offers greater flexibility and tremendous reach,” said Chris Mellott, JLG Industries vice-president – sales and market development for the Americas. “By providing the largest self-propelled telescopic boom lift, we are addressing a previously unmet need for customers who are looking for a 150-foot boom that requires only a weight permit — along with the support and reliability they have come to expect from JLG.”
The 1500SJ is the first boom lift that elevates operators 150 feet requiring only a weight permit. It includes a telescopic jib that extends up to 25 feet for additional vertical and horizontal reach. In addition, the 1500SJ delivers industry-leading terrainability and access to more work with the industry’s best work envelope.
Standard steel hoods provide improved durability, reduced cost of ownership, and greater long-term value. In addition, operators receive key information with new graphic LCD displays in the platform to further increase ease of operation. As with all Ultra Booms, the 1500SJ delivers dual 1,000/500-pound capacity, three steering modes, and advanced systems to assist in safely positioning the platform.
For additional information about JLG products, visit the company Web site at www.jlg.com.
About JLG Industries, Inc.
JLG Industries, Inc. is the world’s leading designer, manufacturer, and marketer of access equipment. The Company’s diverse product portfolio includes leading brands such as JLG aerial work platforms; JLG, SkyTrak and Lull telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.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. 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 projected 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; 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 associated with the JLG acquisition, 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 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 costs and charges as a result of facilities consolidation and alignment; 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.