07Feb 17

OSHKOSH GLOBAL STRIKER 4×4 SHOWCASED AT WESTERN PACIFIC FIRE CHIEFS CONFERENCE

Oshkosh Global Striker 4×4 Showcased at Western Pacific Fire Chiefs Conference

The Oshkosh Asia team was present at the 5th Annual Western Pacific Islands Association of Fire Chiefs Conference (WPIAFC) held from October 26-28 in Saipan, Commonwealth of the Northern Mariana Islands.

Oshkosh participated in the three day event which brought together many of the Pacific region’s key fire and emergency leaders to discuss the utilization of new technologies in supporting fire-fighting operations. Over 150 municipal and airport fire officers joined the event, representing the governments of the Commonwealth of the Northern Mariana Islands (CNMI), Guam, Palau, Federated States of Micronesia, and the Republic of the Marshall Islands.

Ernest Mitchell, Fire Administrator for the U.S. Federal Emergency Management Agency (FEMA) and U.S. Fire Administration was keynote speaker and joined by regional Federal Aviation Administration (FAA) representatives who came together to support the region’s largest annual fire-fighting conference and exhibition.

During one of the breakout sessions, the Saipan International Airport aviation rescue team conducted a live fire exercise at its newly constructed mock-up aircraft fire simulator, which showcased the airport’s recently acquired Global Striker 4×4 – joining the previously delivered Global Striker 4×4 to Saipan in early 2016.

Oshkosh has a proven track record and a sustained commitment to the Pacific Islands. Between 2015 and 2016, Oshkosh delivered Global Strikers to airports in Papua New Guinea, American Samoa, Philippines, and the islands of Rota, Tinian and Saipan. This follows a series of successful regional deliveries, including in 2007 when Oshkosh delivered 13 Legacy Strikers to airports in the Marshall Islands, Federated States of Micronesia, Palau, and the CNMI. We look forward to continuing a close partnership with our Pacific Island friends in 2017 and beyond.

 

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 the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially in the current environment where there are conflicting signs regarding the future global economic outlook; the expected level and timing of the U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to the Company’s exit from its ambulance business, including the amounts of related costs and charges; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than Company or equity market expectations; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to actions of activist shareholders, including the amount of related costs; the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals; risks and uncertainties associated with the pending tender offer for the Company’s shares, the outcome of any litigation related to the offer or any other offer or proposal, and the Board’s recommendation to the shareholders concerning the offer or any other offer or proposal. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K. 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. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.