Spartan Chassis, a subsidiary of Spartan Motors, Inc.
(Nasdaq:SPAR), today presented a new Class A Front Engine Gasoline
(FEG) concept chassis to capitalize on the growth of smaller Class
A recreational vehicles (22K to 28K GVWR) and the increasing demand
for gasoline powered engines in the motorized segment. Code named
the Extol, this chassis presented at the RVIA National RV Trade
Show in Louisville, KY offers significant powertrain and chassis
performance improvements which will enable RV OEMs and their
dealers to capture additional sales.
Powered by an 8.8 Liter engine that offers 430 HP and 512
lb.-ft. of torque (@3400 RPM) the engine offers a sizable
performance improvement over current offerings in the market today.
Branded Spartan and developed in cooperation with Power Solutions
International, Inc. ("PSI") (OTCBB:PSIX) a leader in the design,
engineering and manufacture of engines for industrial and
off/on-road markets, the engine is right-sized to the Class A
growth opportunity and offers the performance end-users seek for an
improved driving and ownership experience.
"Spartan Chassis has been known for decades as a leader in the
Class A diesel market. This Extol concept chassis is an excellent
brand extension which should expand our product portfolio and fill
what we perceive as a gap in the RV chassis market," said Tom
Gorman, Chief Operating Officer, Spartan Motors. "This new chassis
development illustrates both our long-term commitment to the RV
business and, more importantly, our interest to continually find
new business growth opportunities for our OEM partners in the RV
industry."
The Extol value proposition includes multiple dimensions
including:
- Chassis performance: a superior ride quality achieved through
use of Spartan's proprietary suspension and the new
Compression Fluid Strut
- Superior handling: achieved by tuning the chassis to the size,
weight distribution, and profile of the RV OEM's body
- Engine performance: the 8.8-liter gasoline engine provides a
durable, high-performance big block engine which delivers a 20%
improvement in power and 15% better fuel-efficiency than previous
models
- Engine durability: the heavy-duty, durable design includes a
significantly stronger crankcase and a forged and induction
hardened crankshaft, creating a block that can deliver 1,000 ft-lb
of torque
"All of us at PSI are excited about the launch of our newly
developed on-highway market applications with Spartan Chassis, a
leader in the specialty vehicle category," said Jeremy Lessaris,
Director of Marketing at PSI.
Spartan has always led the industry with after the sale
support:
- Customer support: superior after the sale service provided by
over 585 authorized Spartan service providers
- Customer service: the best Roadside Assistance program provided
in partnership with Good Sam and their network of over 40,000
mobile service providers
The Spartan Chassis display at the Kentucky Expo Center is
located in booth #1526. The PSI display is located in booth
#248.
About Spartan Chassis, Inc.
Spartan Chassis, Inc. is a world-class leader in the
engineering, manufacturing and marketing of chassis and aftermarket
parts for emergency-response, recreational vehicle (RV), defense
and specialty vehicles. End users recognize and request the Spartan
Chassis brand, which consistently delivers superior performance,
exceptional safety ratings and innovations which distinguish us
from the competition. Visit Spartan Chassis at
spartanchassis.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, defense, and 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.
About PSI
Power Solutions International, Inc. (PSI) is a leader in the
design, engineering and manufacture of emissions-certified
alternative-fuel and conventional power systems. PSI provides
integrated turnkey solutions to leading global original equipment
manufacturers in the industrial, off- and on-road markets. Our
unique in-house design, prototyping, engineering and testing
capacities mean we can customize clean, high-performance engines
that run on a wide variety of fuels including natural gas, propane,
biogas, diesel, gasoline, or hybrid systems and meet applicable
environmental standards. We develop and deliver complete .97 to
22-liter power systems to meet our customers' specific applications
and power needs, as well as provide service parts and support. PSI
power systems are used worldwide in power generators, forklifts,
aerial lifts, and industrial sweepers, as well as in oil and gas,
aircraft ground support, agricultural and construction equipment.
Visit PSI at http://psiengines.com/
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: Russell T. Chick
Corporate Director of Marketing
Spartan Motors, Inc.
517.997.3852 or Russell.chick@spartanmotors.com
Jeremy Lessaris, Director of Marketing
Power Solutions International, Inc.
jlessaris@psiengines.com
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