CHARLOTTE, Michigan, April 14, 2005 - Spartan Chassis, a subsidiary of Spartan Motors, Inc. (NASDAQ: SPAR), today announced it secured 217 orders for its custom fire truck chassis in the first quarter of 2005. The order intake was the most ever for Spartan in a single quarter and spanned more than a dozen OEMs.
Spartan Chassis said its record orders over the first quarter reflect the Company's continued ability to significantly grow market share over the last two years, thanks in large part to solid dealer and OEM support. The chassis orders included a broad range of Spartan products, but were driven in large part to increased orders of its Gladiator and new Gladiator Evolution trucks.
"We continue to see momentum in orders and bid activity in this quarter and expect it to continue following the FDIC show, where we are showcasing additional product features and technology," said Rich Schalter, president of Spartan Chassis. "Our chassis will be on display on 25 different fire trucks at the FDIC show floor, a clear indication of the momentum of Spartan Chassis in the market and our continued product and service excellence."
About Spartan Chassis
Spartan Chassis, Inc. (www.spartanchassis.com) operates under Spartan Motors, Inc. and is a leading developer and manufacturer of custom chassis for recreational vehicles and fire trucks. The company has a reputation for high quality, value, service and being the first to market with innovative products. Spartan Motors is publicly traded in the Nasdaq Stock Market under the ticker symbol SPAR.
About Spartan Motors, Inc.
Spartan Motors, Inc. (www.spartanmotors.com) designs, engineers and manufactures custom chassis and vehicles for the recreational vehicle, fire truck, ambulance and emergency-rescue markets. The Company's brand names - SpartanTM, Crimson FireTM, Crimson Fire AerialsTM, and Road RescueTM - are known in their market niches for quality, value, service and being the first to market with innovative products. The Company employs approximately 900 at facilities in Michigan, Alabama, Pennsylvania, South Carolina, and South Dakota. Spartan Motors is publicly traded on The Nasdaq Stock Market under the ticker symbol SPAR.
The statements contained in this news release include certain predictions and projections that may be considered "forward-looking statements" under the securities laws. These forward-looking statements are identifiable by words or phrases indicating that the Company or management "expects," "believes" or is "confident" that a particular result "may" or "should" occur, that a particular item "bodes well," that the Company "looks forward" to a particular result, or similar statements. These statements involve many risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices. Accounting estimates are inherently forward-looking. Additional information about these and other factors that may adversely affect these forward-looking statements are contained in the Company's reports and filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect developments or information obtained after the date of this news release.