Oshkosh Corporation to Display Next Generation Delivery Vehicle and Electric Refuse and Recycling Collection Vehicle at 2024 ACT Expo

Rhea-AI Summary

Oshkosh (NYSE: OSK) will showcase its latest electrified vehicles at the 2024 ACT Expo in Las Vegas from May 20-23. The company will feature the Next Generation Delivery Vehicle (NGDV) for the USPS and the McNeilus® Volterra™ ZSL™, North America's first fully integrated electric refuse and recycling collection vehicle. The NGDV emphasizes innovation and reliability, while the Volterra ZSL™ focuses on ergonomics and cost efficiency. Oshkosh will also display a high voltage power distribution unit developed by its Pratt Miller business unit, designed to enhance EV system safety and efficiency. Oshkosh aims to lead in electrifying commercial fleet vehicles, enhancing sustainability and performance.

Positive

• Showcase of electrified vehicles at the 2024 ACT Expo could boost brand visibility and investor confidence.
• Introduction of the Next Generation Delivery Vehicle (NGDV) for the USPS demonstrates innovation and a strong partnership.
• The McNeilus® Volterra™ ZSL™ is North America's first fully integrated electric refuse and recycling vehicle, potentially leading to market dominance.
• Zero-emission certifications from the EPA and CARB for the Volterra ZSL™ could attract eco-conscious customers and investors.
• Development of a high voltage power distribution unit by Pratt Miller enhances Oshkosh's technological capabilities in EV systems.

Negative

• High initial costs for developing and producing electrified vehicles could impact short-term profitability.
• Dependence on successful market adoption of new electric vehicles is a financial risk.
• Potential logistical challenges and delays in manufacturing and delivering new vehicle models could impact schedules and costs.

OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, will showcase two electrified, route-based fleet vehicles in booth #2717 at ACT Expo in Las Vegas from May 20-23, 2024.

Oshkosh is leading the way in electrifying purpose-built, route-based commercial fleet vehicles. The Company has introduced industry-altering, electrified products in nearly every end market it serves (construction, fire apparatus, airport ground support equipment, refuse and recycling collection, defense and more). Two of these vehicles will be displayed in the Oshkosh exhibit: the Next Generation Delivery Vehicle (NGDV) for the United States Postal Service (USPS) and the McNeilus® Volterra™ ZSL™, a fully integrated, zero-emission electric refuse and recycling collection vehicle.

• Next Generation Delivery Vehicle: The NGDV is a modern, safe, and dependable vehicle that will connect every home and business across the United States. This American-made vehicle represents the innovation and reliability that mail carriers have anticipated.
• The McNeilus® Volterra™ ZSL™: Is North America’s first fully integrated electric refuse and recycling collection vehicle (eRCV). It delivers exceptional ergonomic benefits and outstanding total cost of ownership. The Volterra ZSL eRCV features a driver-first design and technology to optimize ease of operation, safety, visibility, maneuverability and comfort. The vehicle has earned zero-emission certifications from the United States Environmental Protection agency (EPA) and the California Air Resources Board (CARB).

“Oshkosh is an industrial technology company driven by innovation – harnessing technology to support everyday heroes. The technology that we develop and implement into our vehicles enables people to do their jobs safer, more efficiently and more sustainably while enhancing overall performance. They are the fleet vehicles of the future,” said Jay Iyengar, executive vice president and chief technology and strategic sourcing officer, Oshkosh Corporation.

In addition, Oshkosh will be displaying a prototype high voltage (HV) power distribution unit (PDU) developed by its Pratt Miller business unit. The HV PDU is designed to deliver power to all critical loads within an electric vehicle (EV) system, including traction and auxiliary loads, while protecting electrical and electronic components and vehicle occupants with reliable circuit protection solutions.

To learn more about Oshkosh and its market leading brands, please visit booth #2717 at ACT Expo or oshkoshcorp.com today.

About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 17,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Power Towers, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward Looking Statements

This news 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 news 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 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 news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521981877/en/

Financial:

Patrick Davidson

Senior Vice President, Investor Relations

920.502.3266



Media:

Tim Gilman

Senior Manager, Communications and Branding

920-509-0617

Source: Oshkosh Corporation

FAQ

What vehicles will Oshkosh showcase at the 2024 ACT Expo?

Oshkosh will showcase the Next Generation Delivery Vehicle (NGDV) for the USPS and the McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicle.

When and where is Oshkosh displaying its new vehicles?

Oshkosh will display its new vehicles at the 2024 ACT Expo in Las Vegas from May 20-23.

What is special about the McNeilus® Volterra™ ZSL™?

The McNeilus® Volterra™ ZSL™ is North America's first fully integrated electric refuse and recycling vehicle, featuring ergonomic benefits and zero-emission certifications from the EPA and CARB.

How does the Next Generation Delivery Vehicle (NGDV) benefit the USPS?

The NGDV is a modern, safe, and dependable vehicle designed to enhance the efficiency and reliability of mail delivery across the United States.

What new technology is Oshkosh displaying at the Expo?

Oshkosh will display a high voltage power distribution unit developed by its Pratt Miller business unit, designed to enhance EV system safety and efficiency.