ASV Holdings, Inc. Announces First Orders with North American Rental Industry Leader
December 04 2018 - 11:29AM
Business Wire
ASV Holdings, Inc. (NASDAQ: ASV), a leading provider of
rubber-tracked compact track loaders and wheeled skid steer loaders
in the compact construction equipment market, today announced the
receipt of approximately $0.7 million of new orders with a leading
independently owned industrial equipment rental company, with
locations established throughout North America.
Justin Rupar, V.P. of Sales and Marketing for ASV commented, “We
are pleased to announce that our ASV machines have been accepted by
a large, North American multi-location industrial equipment rental
company. This establishes a platform for our further expansion into
this important segment of the rental sector and will greatly expand
the visibility and use of our high performance and leading
productivity and serviceability equipment. After several months of
rigorous product testing and performance evaluation with this one
customer, we have secured an initial order that we expect to ship
in 2018. We look forward to future orders throughout their
distribution network as they expand and maintain a fleet of high
performance machines, which now includes our VT-70. More customers
will now have the opportunity to get great work done in more
places,” concluded Mr. Rupar.
About ASV Holdings, Inc.ASV Holdings, Inc. is a designer
and manufacturer of compact construction equipment. Its patented
Posi-Track rubber tracked, multi-level suspension undercarriage
system provides a competitive market differentiator for its Compact
Track Loader (CTL) product line with brand attributes of power,
performance and serviceability. It’s wheeled Skid Steer Loaders
(SSLs) also share the common brand attributes. Equipment is sold
through an independent dealer network throughout North America,
Australia, and New Zealand. The company also sells OEM equipment
and aftermarket parts. ASV owns and operates a 238,000 square-foot
production facility in Grand Rapids, MN.
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version on businesswire.com: https://www.businesswire.com/news/home/20181204005802/en/
At Darrow Associates, Inc.Peter Seltzberg, Managing
Director, Investor Relations(516)
419-9915pseltzberg@darrowir.com
At ASV Holdings, Inc.Andrew Rooke, Chief Executive
Officer(218) 327-5389Andrew.rooke@asvi.com
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