Pierce Manufacturing on Schedule with Launch of 2010 EPA Compliant Engines

Dec. 14, 2009

APPLETON, Wis. (December 14, 2009) — Pierce Manufacturing, an Oshkosh Corporation (NYSE:OSK) company, announced that testing for its new 2010 EPA compliant engines is on schedule. In recently completed validations on Pierce fire apparatus, the Detroit Diesel DD13™ engine has demonstrated up to five (5) percent better fuel economy than previous engines, while delivering up to 500 horsepower and 1650 ft-lbs of torque on-demand. This Detroit Diesel DD13 engine is only available through Pierce Manufacturing, and can be purchased on selected custom chassis vehicles later this year.

“It’s our mission to provide Pierce customers with safe, technologically advanced, reliable and environmentally friendly vehicles,” said Wilson Jones, Oshkosh Corporation executive vice president and president, Fire & Emergency. “We’re pleased to report that the DD13 engine has hit every benchmark set by our product development and validation testing team. This engine is designed to reduce emissions to near zero without compromising performance.”

The DD13 is an advanced design that offers seamless integration of BlueTec®* selective catalytic reduction (SCR) technology that, according to the company’s test data, reduces nitrogen oxide (NOx) engine emissions to near zero without compromising power, fuel economy or performance.

“We drove a pre-production DD13-equipped pumper over the Rocky Mountains through 10,000 foot elevations without any problems,” said Ken Kamprath, Pierce Manufacturing chief engineer - research and development. “We also conducted an array of cooling system and reliability tests that included pulling a 40,000-pound trailer up the renowned Baker Grade on the Nevada/California border. The vehicle ran smoothly and performed exceptionally well under those extreme conditions.”

Pierce and Detroit Diesel have developed proprietary emissions components that will have virtually no impact to wheelbase, cab and compartment space, or options on the vast majority of apparatus.

“Our onsite wind tunnel testing and reliability testing in Death Valley confirm that the Pierce – Detroit Diesel collaboration for 2010 engine compliance will provide our customers with the performance and reliability they’ve come to expect from Pierce apparatus,” added Jones. “Moreover, in most applications the DD13 engine will have no impact on how they can configure a vehicle.”

Detroit Diesel parent company, Daimler, has manufactured more than 200,000 SCR diesel trucks in Europe and around the world. SCR is a proven technology that works by injecting diesel exhaust fluid (DEF), a simple solution of water and urea, into the exhaust stream. DEF works with the heat of the exhaust and a catalyst to convert NOx into nitrogen and water vapor – two harmless and natural components of air. Utilizing SCR to reduce emissions allows the engine to produce efficient power and torque.

About Pierce Manufacturing
Pierce Manufacturing Inc., an Oshkosh Corporation [NYSE: OSK] company, is the leading North American manufacturer of custom fire apparatus. Products include custom and commercial pumpers, aerials, rescue trucks, wildland trucks, minipumpers, elliptical tankers, and homeland security apparatus. In addition, Pierce designs its own foam systems and was the first company to introduce frontal airbags and the Side Roll Protection system to fire apparatus. To learn more about Pierce visit www.piercemfg.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®. The Oshkosh brands are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.

Linda Bartelt, Director of Marketing Communications
Phone: 920.832.3047
[email protected]

•Blue Tec is a registered trademark of Detroit Diesel Corporation

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward-Looking Statements
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 risks related to the required increase in the rate of production for the M-ATV contract and the amount, if any, of additional orders for M-ATVs that the Company may receive; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during a global recession and credit crisis; the duration of the global recession, which could lead to additional impairment charges related to many of the Company’s intangible assets; the expected level and timing of U.S. Department of Defense procurement of products and services and funding thereof, including the outcome of the formal protests of the Family of Medium Tactical Vehicles (FMTV) award to the Company; risks related to reductions in government expenditures and the uncertainty of government contracts; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company’s ability to pursue various opportunities; risks related to the collectability of receivables during a recession, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy’s impact on the Company’s suppliers; the potential for commodity costs to rise sharply, including in a future economic recovery; risks associated with international operations and sales, including foreign currency fluctuations; and the potential for increased costs relating to compliance with changes in laws and regulations. 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.

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