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McNEILUS DEBUTS NEW NEXT GENERATION MIXER DRUM
AT CONAGG – CON/EXPO
Innovative mixer drum design increases capacity and lowers center of gravity.
DODGE CENTER, Minn. (March 4, 2014) – McNeilus Companies, Inc., an Oshkosh Corporation (NYSE:OSK) company, today introduced the new McNeilus® next generation mixer drum at booth #60716 in the South Hall at CONAGG – CON/EXPO in Las Vegas, Nevada.Engineered with input from ready-mix producers from across the country, the new McNeilus next generation mixer drum provides a wide range of customer benefits – including increased capacity, a lower center of gravity, and more efficient mixing.
“The McNeilus next generation mixer drum represents a significantadvance in productivity for ready-mix producers, large and small,” said Brad Nelson, Oshkosh Corporation senior vice president and president of the Commercial business segment. “Engineered with extensive input from customers, its innovative design and unique features enable it to carry additional payload, mix more efficiently, and deliver excellent bottom-line results.”
The new McNeilus next generation mixer drum features a patent pending drum design that moves the center of gravity down and forward to enhance capacity without increasing wheelbase. The more spherical shape enables more efficient mixing.Plus, the optional drumhead impeller minimizes hydraulic drag and helps the mixing cycle.
Photo Caption:The new McNeilus® next generation mixer drum provides a wide range of customer benefits – including increased capacity, a lower center of gravity, and more efficient mixing.
McNeilus Companies, Inc., an Oshkosh Corporation [NYSE: OSK] company, is a leading manufacturer of concrete mixers, batch plants and refuse truck bodies. With an extensive network of factory owned service and support centers,McNeilus provides their customers with superior aftermarket support.For more information about McNeilus, visitwww.mcneiluscompanies.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®, Jerr-Dan®, Frontline™, 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, please visit to www.oshkoshcorporation.com.
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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially with the current outlook for U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate of work at height machinery; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of the significant projected decrease in sales levels in the defense segment; the Company’s ability to win a U.S. Joint Light Tactical Vehicleproduction contract award; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing global economic uncertainty, 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 Company or equity market expectations; 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 or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. 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.