Spartan Motors and Force Protection to Host Investor Event with Cougar and Buffalo Military Vehicles in New York City
27 Junio 2006 - 9:56AM
PR Newswire (US)
Event to Mark Three Years of Combat Operations without a Reported
Fatality CHARLOTTE, Mich., June 27 /PRNewswire-FirstCall/ --
Spartan Motors, Inc. (NASDAQ:SPAR) and Force Protection, Inc.
(OTC:FRPT) (BULLETIN BOARD: FRPT) will display a Cougar and a
Buffalo military vehicle in front of the St. Regis Hotel in New
York City on June 28 from 10 a.m. ET to 3 p.m. Both companies'
management teams will also present the same day to a group of
professional investors at a special analyst lunch event. "Both of
these vehicles are deployed today in places such as Iraq and
Afghanistan and are saving the lives of our military men and
women," said John Sztykiel, president and CEO of Spartan Motors.
"Our aim in bringing these vehicles to New York City is to make the
people aware of the new technology our military is using to defeat
the deadly threat of IEDs (Improvised Explosive Devices). "At the
same time, it's an opportunity for Spartan Motors and Force
Protection to inform the investment community of our technical
expertise in manufacturing these unique specialty vehicles and the
impact of recent significant orders on our business." The Cougar is
a medium-sized, blast-protected vehicle produced in both four- and
six-wheel configurations which can be customized for multiple tasks
including urban patrol, route clearance support, troop transport,
mine and explosive ordnance disposal, command and control,
reconnaissance and as a lead convoy vehicle. The Buffalo is an
anti-mine/IED vehicle that uses a 30-foot robotic arm and iron claw
with a specialized camera and sensing equipment to allow soldiers
to examine and disarm potential threats without leaving the safety
of the armored hull. Both vehicles utilize a unique V-shaped hull
designed to deflect the force of explosions away from passengers
inside the armored hull. To date, not a single fatality has been
reported in either a Cougar or Buffalo despite over 1,000 mine
detonations. About Spartan Motors Spartan Motors, Inc.
(http://www.spartanmotors.com/ ) designs, engineers and
manufactures custom chassis and vehicles for the recreational
vehicle, fire truck, ambulance, emergency-rescue and specialty
vehicle markets. The Company's brand names -- Spartan(TM), Crimson
Fire(TM), Crimson Fire Aerials(TM), and Road Rescue(TM) -- are
known in their market niches for quality, value, service and being
the first to market with innovative products. The Company employs
approximately 900 at facilities in Michigan, Alabama, Pennsylvania,
South Carolina, and South Dakota. Spartan reported sales of $343.0
million in 2005 and is focused on becoming the premier manufacturer
of specialty vehicles and chassis in North America. About Force
Protection Headquartered near Charleston, South Carolina, Force
Protection, Inc. (OTC:FRPT) (BULLETIN BOARD: FRPT) manufactures
ballistic and mine protected vehicles through its subsidiary. These
specialty vehicles are designed to offer significant protection
against landmines, hostile fire and IEDs. For more information
about Force Protection, visit http://www.forceprotectioninc.com/ .
The statements contained in this news release include certain
predictions and projections that may be considered "forward-looking
statements" under the securities laws. These forward-looking
statements are identifiable by words or phrases indicating that the
Company or management "expects," "believes" or is "confident" that
a particular result "may" or "should" occur, that a particular item
"bodes well," that the Company "looks forward" to a particular
result, or similar statements. These statements involve many risks
and uncertainties that could cause actual results to differ
materially, including but not limited to economic, competitive,
governmental and technological factors affecting the Company's
operations, markets, products, services and prices. Accounting
estimates are inherently forward-looking. Additional information
about these and other factors that may adversely affect these
forward-looking statements are contained in the Company's reports
and filings with the Securities and Exchange Commission. The
Company undertakes no obligation to update or revise any
forward-looking statements to reflect developments or information
obtained after the date of this news release. DATASOURCE: Spartan
Motors, Inc. CONTACT: John Sztykiel, CEO, or Jim Knapp, CFO, of
Spartan Motors, Inc., +1-517-543-6400; Ryan McGrath, , or Jeff
Lambert of Lambert, Edwards & Associates, Inc., +1-616-233-0500
Web site: http://www.spartanmotors.com/
http://www.forceprotectioninc.com/
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