THE SHYFT GROUP'S UTILIMASTER UPFITS FORD PRO ALL-ELECTRIC E-TRANSIT CUSTOMER PILOT VEHICLES

Rhea-AI Summary

Utilimaster, part of The Shyft Group (NASDAQ: SHYF), has partnered with Ford Pro to produce two pilot vehicles using the all-electric Ford E-Transit chassis for customer testing. The vehicles, equipped with Utilimaster's engineered Velocity® body, are designed for the delivery market's increasing demand for electric fleet options. Chad Heminover, President of Shyft Fleet Vehicles and Services, stated the company aims to provide innovative solutions for electric fleet vehicles. The pilot program vehicles will be operational through 2023.

Positive

• Partnership with Ford Pro enhances innovation in electric vehicle market.
• Utilimaster's engineered Velocity® body addresses a growing demand for electric delivery options.

Negative

• None.

NOVI, Mich., Dec. 22, 2021 /PRNewswire/ --­ Utilimaster, a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit (NASDAQ: SHYF) ("Shyft" or the "Company"), announced today it has worked with Ford Pro™ to produce two pilot vehicles built on the all-electric Ford E-Transit chassis for customer testing.

As the chosen body provider for the Ford Pro E-Transit pilot program, Utilimaster has engineered its Velocity® body to fit the E-Transit cutaway. One of the completed all-electric vehicles is comparable to Utilimaster's Velocity F-Series for gas-powered Transit chassis fleet customers, but designed specifically for the E-Transit's all-electric architecture. The other unit features a renewed Utilimaster route-delivery body often seen in the snack food industry.

"The delivery market continues to demand electric options for their fleets," said Chad Heminover, President, Shyft Fleet Vehicles and Services. "We are confident our customers will value the benefits we can deliver by integrating the Ford all-electric E-Transit chassis with industry-leading delivery bodies and upfits."

Utilimaster's commitment to electrification is illustrated through its work on the Ford Pro pilot program.

"Our work on the Ford Pro E-Transit pilot program is just the beginning of our commitment to provide the same great Utilimaster work truck and van bodies to electric fleet vehicles from Ford and other manufacturers as they come to market," said Heminover.

The pilot program vehicles are road ready and will be in use through 2023.

To learn more about Utilimaster, visit Utilimaster.com. For more information about The Shyft Group, visit TheShyftGroup.com. For more information on Ford Pro products and services, visit fordpro.com.

The Shyft Group

The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Our customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services™ and Shyft Specialty Vehicles™. Today, its family of brands include Utilimaster®, Royal Truck Body™, DuraMag® and Magnum®, Strobes-R-Us™, Spartan RV Chassis™, Builtmore Contract Manufacturing™, and corresponding aftermarket provisions. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 3,000 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $676 million in 2020. Learn more about The Shyft Group at www.TheShyftGroup.com.

CONTACT:   
Media: 
Carrie Wright                         
Chief Marketing and Communications Officer
The Shyft Group          
Carrie.Wright@theshyftgroup.com
(517) 997-3860 

Scott Worden 
Senior Director 
Lambert & Co.  
sworden@lambert.com 
(248) 825-9343

Investors: 
Juris Pagrabs 
Group Treasurer, Director of Investor Relations 
The Shyft Group 
Juris.Pagrabs@theshyftgroup.com 
(517) 997-3862 

 

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SOURCE Utilimaster

FAQ

What is the significance of The Shyft Group's partnership with Ford Pro?

The partnership allows The Shyft Group to develop electric delivery vehicles, meeting market demand for sustainable options.

How does Utilimaster's work on electric vehicles impact SHYF stock?

This initiative positions SHYF favorably in the growing electric vehicle market, potentially enhancing investor confidence.

When will the Ford Pro E-Transit pilot vehicles be in use?

The pilot vehicles will be operational through 2023.

What type of vehicles are being tested in the Ford Pro pilot program?

The program features two pilot vehicles, one utilizing Utilimaster's Velocity® body and another designed for route delivery.