OSHKOSH, Wis. - Sunday, February 17th 2013 [ME NewsWire]
IDEX 2013
(BUSINESS WIRE)-- Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), announced today the international debut of its OshkoshTerraMax™ unmanned ground vehicle (UGV) technology, which is available to support militaries globally and will be demonstrated at IDEX (International Defense Exhibition and Conference) 2013 (booth #03-C10), on Feb. 17-21 in Abu Dhabi, United Arab Emirates.
The TerraMax UGV technology provides a solution to two primary needs of today’s military customers worldwide. It helps reduce the threat to Warfighters from improvised explosive devices (IEDs) on today’s battlefields by increasing a driver’s situational awareness or removing a driver from the vehicle entirely. It also serves as a force multiplier by allowing one operator to supervise three to five UGVs from a safe distance. All this at a time when militaries are facing force reductions.
“Crew protection is a crucial priority for militaries as they modernize their vehicle fleets,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “Our TerraMax technology gives forces the option to complete missions in dangerous situations with fewer troops. Our UGV technology has been extensively tested and refined, using input from troops and leveraging our more than 90 years of experience mobilizing military forces worldwide.”
Designed as a scalable kit that can be used on any fielded tactical wheeled vehicle, the Oshkosh TerraMax UGV technology enables vehicles to complete planned missions in full autonomous mode or by “shadowing” a leader vehicle. Oshkosh will demonstrate at IDEX the TerraMax UGV technology’s Operator Control Unit (OCU), a user-friendly control interface that provides the usability and functionality capabilities that troops need for operations in the field.
The TerraMax UGV technology is highly sophisticated but was developed with the user in mind and for ease of control. Troops can be trained to operate vehicles remotely or in full autonomous mode in only a few days. Vehicles equipped with the TerraMax UGV technology retain their original payload and performance capabilities and can operate for extended periods of time – day or night, through dust and adverse weather – without enduring the fatigue that can afflict human operators.
Oshkosh also is transitioning technologies from the TerraMax UGV system to provide active-safety features for the manned operation of vehicle fleets, including electronic stability control, forward collision warning, adaptive cruise control and electric power-assist steering.
Countries throughout the Middle East region, including the United Arab Emirates, the Kingdom of Saudi Arabia, Egypt, Jordan, Iraq and Oman, rely on Oshkosh vehicles for tactical and logistical operations. The company has been supporting militaries in the region for nearly 30 years and has a well-established presence with permanent offices in the United Arab Emirates and Kingdom of Saudi Arabia. Oshkosh retains partnerships with industries in select markets and provides the full spectrum of vehicle life-cycle sustainment capabilities through its Integrated Product Support services.
Oshkosh Defense leadership will be available at IDEX to discuss the company’s commitment to the Middle East and North Africa region, as well its full range of vehicles, technology and service offerings, at booth #03-C10.
About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services. For more than 90 years, Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions. In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax™ unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions. Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance.
To learn more about Oshkosh Defense, please visit us at www.oshkoshdefense.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®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, 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, please visit 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 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 global economic outlook and the ability of the U.S. government to resolve budgetary and debt issues; 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 comply with laws and regulations applicable to U.S. government contractors; 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; and risks related to 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.
Contacts
English-Language Media:
Jennifer Ma, +1 920-233-9606
Sr. Manager, Global Marketing Communications
jma@defense.oshkoshcorp.com
Arabic-Language Media:
Mohammed Daqqaq, +971 50 662 7115
Mohammed.AlDaqqaq@edelman.com
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