CHARLOTTE, Mich., June 16, 2019 /PRNewswire/ -- Spartan Fleet
Vehicles and Services ("Spartan"), a business unit of Spartan
Motors, Inc. (NASDAQ: SPAR) which goes to market under the
Utilimaster®, Spartan Upfit Services, and Strobes-R-Us™
go-to-market brands, today announced it has been awarded a
2,237-unit walk-in-van order from North
America's leading online e-commerce and fulfillment company.
The order further expands the customer relationship and increases
Spartan's share of the high-growth last mile delivery market.
The new order specifies for a minimum of 2,237 walk-in vans to
be built during the second half of 2019 at Utilimaster's
Bristol, Indiana, flexible
manufacturing facility. Utilimaster's proprietary walk-in van
design is optimized for the customer's last mile delivery
requirements and further advances the breadth of their product
portfolio. Prior to this expansion order, Utilimaster exclusively
produced cargo van upfit orders for the customer.
"An order of this magnitude from North
America's leading e-commerce retailer, in addition to the
cargo van upfit orders already in production, further confirms
Utilimaster's position as the go-to source for companies seeking
last mile delivery vehicle and upfit solutions across any and all
platforms," said Chad Heminover,
President, Spartan Fleet Vehicles and Services. "We are confident
that our Work-Driven Design approach to customer-centric fleet
innovation and optimization added tremendous value to the customer
in their evaluation process. This order underscores the value
our customers place in having a one-stop-shop for custom upfits and
complete vehicle provisioning capabilities across the full GVWR
spectrum."
Utilimaster provides comprehensive vehicle and upfit solutions
for GWVR Class 1-7 vehicles, spanning from custom engineered
solutions to vocation-specific kitted offerings. The Work-Driven
Design process provides a personalized design and engineering
approach, which begins with an in-depth analysis of how drivers
meet the needs of their customers, including ride-along tours with
drivers, ergonomics assessments, telematics studies, and countless
conversations that ensure all needs are met and expectations
exceeded, from the ground up.
For more information on Spartan's Fleet Vehicles and Services
brands, please visit: utilimaster.spartanmotors.com/.
About Spartan Motors
Spartan Motors, Inc. is
the North American leader in specialty vehicle manufacturing and
assembly for the commercial and retail vehicle industries
(including last-mile delivery, specialty service, and
vocation-specific upfit segments), as well as for the emergency
response and recreational vehicle markets. The Company is
organized into three core business segments, including Spartan
Fleet Vehicles and Services, Spartan Emergency Response, and
Spartan Specialty Vehicles. Today, its family of brands also
include Spartan Authorized Parts, Spartan Factory Service Centers,
Utilimaster®, Strobes-R-Us™, Smeal, Ladder Tower™, and
UST®. Spartan Motors and its go-to-market brands are
well known in their respective industries for quality, durability,
aftermarket product support, and first-to-market innovation. The
Company employs approximately 2,300 associates, and operates
facilities in Michigan,
Indiana, Pennsylvania, South
Carolina, Florida,
Missouri, Nebraska, South
Dakota; Saltillo, Mexico;
and Lima, Peru. Spartan reported
sales of $816 million in 2018.
Learn more about Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
relationship with this customer and its effect on our business,
strategic position, and the performance of our products and
operations. 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 difficulties we may encounter in fulfilling the
order; operational and other complications that may arise affecting
the implementation of our plans and business objectives; changes in
our relationships with this customer or others; 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 update or revise any
forward-looking statements in this release, whether as a result of
new information, future events, or otherwise.
Investors:
|
|
Juris
Pagrabs
Group Treasurer,
Director of Investor Relations
Spartan Motors,
Inc.
(517)
997-3862
Juris.Pagrabs@spartanmotors.com
|
|
Media
Contacts:
|
|
Samara
Hamilton
Corporate Director of
Marketing and Communications
Spartan Motors,
Inc.
Samara.Hamilton@spartanmotors.com
(517)
997-3860
|
Matt
Jackson
Managing Director,
Partner
Lambert
mjackson@lambert.com
(616)
233-0500
|
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SOURCE Spartan Motors, Inc.