Utilimaster's Innovative "Reach" Commercial Van Receives Additional Fleet
BRISTOL, Ind., March 31, 2014 (GLOBE NEWSWIRE) -- Utilimaster, a subsidiary of
Spartan Motors, Inc. (Nasdaq:SPAR), announced today that it received an
additional 670 unit fleet order of its revolutionary Reach commercial van.
Utilimaster's Reach Walk-in Van
A photo accompanying this release is available at
"The Reach is a high performance commercial van that delivers value to our
customers by providing long-term durability and superior fuel efficiency,"
said John Forbes, President of Utilimaster. "This order is another significant
validation of the Reach and we are optimistic this momentum will continue."
Maintenance and safety were a major focus of the engineering team at
Utilimaster. Collision damage, in many cases, can be repaired in less than 30
minutes due to the quick-mount lower body cladding. Safety features include
highly visible steps with slip-resistant carbide treads and three points of
contact at all entries. The Reach also delivers unmatched maneuverability and
is up to six times quieter than competitive products.
"The Reach is a key addition to our portfolio and is a result of the strategy
to extend our core business with innovation that redefines product categories.
This large order is another validation of the Reach value story," said Forbes.
Over the life the vehicle, the Reach van with its four-cylinder, 3.0-liter
Isuzu diesel engine demonstrates a 35% fuel efficiency improvement over
competitive products in the fleet. Replacing a walk-in van driven 20,000 miles
per year with the Reach can save 1,000 gallons of diesel fuel and reduce
carbon dioxide emissions by more than 11 tons every year.
Production of the order will begin in Q2 2014, with an order completion of
later this calendar year.
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 (RV), emergency response, government services, defense, and delivery
and service markets. The Company's brand names – Spartan™, Spartan Chassis™,
Spartan ER™, 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 and Florida. Spartan reported sales of $470 million in 2013
and is focused on becoming a global leader in the design, engineering and
manufacture of specialty vehicles and chassis. Visit Spartan Motors at
This release contains several forward-looking statements that are not
historical facts, including statements concerning our business, strategic
position, financial strength, future plans, objectives, and the performance of
our products. These statements can be identified by words such as "believe,"
"expect," "intend," "potential," "future," "may," "will," "should," and
similar expressions regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties, and
assumptions that are difficult to predict with regard to timing, extent, and
likelihood. Therefore, actual performance and results may materially differ
from what may be expressed or forecasted in such forward-looking statements.
Factors that could contribute to these differences include operational and
other complications that may arise affecting the implementation of our plans
and business objectives; continued pressures caused by economic conditions and
the pace and extent of the economic recovery; challenges that may arise in
connection with the integration of new businesses or assets we acquire or the
disposition of assets; issues unique to government contracting, such as
competitive bidding processes, qualification requirements, and delays or
changes in funding; disruptions within our dealer network; changes in our
relationships with major customers, suppliers, or other business partners,
including Isuzu; changes in the demand or supply of products within our
markets or raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors that could affect
outcomes are set forth in our Annual Report on Form 10-K and other filings we
make with the Securities and Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking statements in this release are
qualified by this paragraph. Investors should not place undue reliance on
forward-looking statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking statements in this
release, whether as a result of new information, future events, or otherwise.
CONTACT: Greg Salchow
Spartan Motors, Inc.
Senior Vice President, Sales and Marketing
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