Utilimaster(R) Corporation Announces Alliance With LandiRenzo to Offer CNG
Conversions on Isuzu NPR-HD Gas Trucks
BRISTOL, Ind., March 7, 2013 (GLOBE NEWSWIRE) -- Utilimaster Corporation, a
subsidiary of Spartan Motors, Inc. (Nasdaq:SPAR), today announced an alliance
with LandiRenzo to offer Compressed Natural Gas (CNG) conversions on Isuzu
NPR-HD Gas vehicles. LandiRenzo is a world leader in alternative fuel
solutions with over 1.5 million systems sold annually. Utilimaster has been
providing alternative fuel solutions including LPG, CNG and plug-in electric
The CNG conversion offers a compelling value proposition, providing current
fuel costs savings up to 65% when compared to conventional gasoline (saving
the equivalent of $1.50-$2.50 per gallon). Compressed Natural Gas offers up to
a 75% reduction in NOx of and a 25% reduction in carbon dioxide (CO2)
John Forbes, President, Utilimaster Corporation, commented, "With the rise in
fuel prices, Utilimaster is offering fleet owners a green solution with
field-proven financial returns. We are unique to offer the solution at our OEM
assembly plant and offer in-field, on-site installations. Our clients know
they have a business alliance they can trust at a time when increasing costs
make Compressed Natural Gas an attractive alternative."
These Utilimaster / LandiRenzo CNG conversions are installed adjacent to the
Isuzu NPR gas assembly plant on the Spartan Motors Charlotte, Mich., campus or
can be installed at Isuzu dealerships with training provided by Utilimaster
Field Services teams.
Utilimaster has a proprietary alternative fuels program offering that assesses
customer needs, formulates the best solution, develops the business case,
manages the deployment project plan and provides product training/support.
Customers also have the option of calling upon the Utilimaster Fleet Solutions
Organization to implement additional programs – at any location – that have
proven to be best practices in the areas of improved driver productivity,
safety, and reduction of cost of operation.
Spartan Motors' business strategy is embodied in The Spartan DRIVE Plan. It is
a five-point plan that is represented by the acronym D.R.I.V.E.
*Redefining Technology and Innovation, Develop Exciting Products Value
*Integration of the Enterprise to Achieve Operational Improvement
*Extend Our Core Markets
Building on this plan, DRIVE encourages heightened focus, teamwork and a
common approach. It will align associate efforts and emphasize the importance
of both collaboration and integration across business units. This strategy
will enable diversification and limit exposure to industry cyclicality.
Utilimaster, a subsidiary of Spartan Motors, Inc. (Nasdaq:SPAR), is a leading
manufacturer of walk-in vans and commercial truck bodies for the delivery and
service marketplace. Utilimaster designs, develops and manufactures products
to customer specifications for use in the package delivery, one-way truck
rental, bakery/snack delivery, utility and linen/uniform rental businesses.
The company serves a diverse customer base and also sells aftermarket parts
and accessories. Visit Utilimaster at www.utilimaster.com.
About Spartan Motors
Spartan Motors, Inc., designs, engineers and manufactures specialty chassis,
specialty vehicles, truck bodies and aftermarket parts for the recreational
vehicle, emergency response, government services and defense, delivery and
service markets. The company's brand names - Spartan™, Spartan ERV™ and
Utilimaster® - are known for quality, performance, service and first-to-market
innovation. The company employs approximately 1,700 associates at facilities
in Michigan, Pennsylvania, South Dakota, Indiana, Florida and Texas. Spartan
reported sales of $426 million in 2011 and is focused on becoming a global
leader in the design, engineering and manufacture of specialty vehicles and
chassis. Visit Spartan Motors at www.spartanmotors.com.
Landi Renzo is the global leading supplier/installer of fuel systems to OEM
projects. Landi Renzo USA will tap this depth of experience to offer final
consumers the highest quality OEM grade alternative fuel systems available in
the United States. Landi Renzo is the global leader in CNG and LPG fuel
systems design, manufacture, installation and service with over 33% market
share. Landi Renzo USA is headquartered in Torrance, Calif. Landi Renzo S.p.A.
is traded on the Italian Stock Exchange Star Segment under the ticker symbol
LR. For more information on Landi Renzo visit www.landiusa.com.
CONTACT: Russell Chick
Corporate Director of Marketing
Spartan Motors, Inc.
Senior Vice President, Sales and Marketing
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