New Compressor LineUp
GARNER, Iowa (October 4, 2011) – Iowa Mold Tooling Co. Inc. (IMT), an Oshkosh Corporation company (NYSE:OSK) celebrating its 50th anniversary, is pleased to introduce three new air compressors at the International Construction and Utility Equipment Exposition (ICUEE), Oct. 4 – 6 , 2011, in Louisville, Ky.
The CAS45R and CAS60R rotary screw air compressors and the CAS40P reciprocating model are ideal service solutions not only for the construction and utility industries, but also for markets such as tire service, equipment dealers, propane, rental, railroad, mining, public works and waste.
“These three new IMT compressors deliver our customary reliable, durable, powerful performance at a competitive value,” said Tim Worman, product manager for commercial vehicles at IMT. “By developing enhanced compressed-air solutions to fit various job applications, we continue to fulfill our commitment to being a full-service provider of commercial service equipment.”
CAS45R and CAS60R rotary screw air compressors
The CAS45R offers a rated capacity of 45 cfm at 150 psi, while the CAS60R provides air delivery of 60 cfm at 150 psi. Both new hydraulically driven, continuous-duty rotary screw units are single-stage, pressure-lubricated compressors designed for mobile applications. Ideal for heavy-duty use, the new rotary screw models provide high-volume air for use in pneumatic tools (e.g., jacks, saws, impact wrenches), tire service, sandblasting, painting and other mobile or stationary compressed-air needs.
Unlike their predecessors in the IMT compressor lineup, the CAS45R and CAS60R units feature a hydraulic aftercooler that is integrated into the compressor design. The elimination of the auxiliary hydraulic aftercooler provides multiple benefits, including a compact design that reduces weight and the physical footprint on top of the body sidepack.
IMT rotary screw air compressors provide air on demand, are lightweight and deliver dry, cool air, which extends tool life by allowing them to run cooler and with less moisture interfering with the lubrication. All of the air compressor components are self-contained — protected by a steel canopy to help minimize outside elements, which may affect the productivity of the unit.
CAS40P reciprocating air compressor
The new CAS40P reciprocating compressor is a hydraulically driven, intermittent-duty model that delivers a rated capacity of 40 cfm at 100 psi. The unit is a two-stage, four-cylinder compressor designed for mobile applications that do not have high-volume air needs. Ideal for field mechanic use, it can effectively operate most pneumatic applications that support service work. The CAS40P unit provides increased air flow over its predecessor — which offered 35 cfm at 100 psi — but will not require additional maintenance costs.
“The CAS40P will add to our reputation for offering reciprocating models with long-lasting value,” Worman said.
Production of the new models will begin in January 2012. The CAS45R, CAS60R and CAS40P air compressors will be available on the Dominator® mechanics truck and SiteStar® lube truck product offerings.
IMT manufactures a variety of reciprocating and rotary screw air compressors. The reciprocating lineup ranges from 35 to 110 cfm, and the rotary screw lineup ranges from 45 to 85 cfm.
About IMT
Iowa
Mold Tooling Co., Inc., an Oshkosh Corporation (NYSE: OSK) company,
began in 1961 as a business providing new tread designs for recapping
tires. The company has grown to become the leading manufacturer and
supplier of service vehicles, cranes, hydraulic loaders and air
compressors for tire, mining, construction, material handling and
utility markets around the world. For more information, visit
www.imt.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®.
Oshkosh products 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.
®, TM 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 the expected level and timing of 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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; 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 equity market expectations; the impact on revenues and margins of the decrease in M-ATV production rates; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; 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 delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the potential for disruptions or cost overruns in the Company’s global enterprise resource planning system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. 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. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.
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