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Management And Training

LiftPod release 11.1

November 01, 2011
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LiftPod Wins 2011 New Product of the Year Award

McConnellsburg, Pa. — JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading manufacturer of aerial work platforms and telescopic material handlers, today announced that the LiftPod FS60 was named a 2011 New Product of the Year by Occupational Health & Safety magazine.

The awards were open to new products introduced to the market between July 3, 2010 and July 3, 2011. An independent panel of judges reviewed 49 products in 20 different categories. The LiftPod FS60, which was named the winner in the Fall Protection category, was recognized during the National Safety Council Congress & Expo in Philadelphia. In addition, the product is featured on the Occupational Health & Safety website and will also appear in the December issue of the magazine.

“We are proud to win this award, which demonstrates our overall goal of improved safety and efficiency for any job site or facility,” said Randy Marzicola, JLG Industries director of channel development. “The LiftPod is a proven, secure alternative to ladders, scaffolding and rolling ladders for safety professionals who need a portable, affordable solution when working at a variety of heights.”

The innovative LiftPod personal portable lift helps prevent falls on the job site, which is the second most frequently cited standard by the Occupational Safety and Health Administration (OSHA). Once in the lift, workers have a completely hands free 360 degree range of motion in a completely closed-in platform.

The affordable lift, available for around $2,500, consists of just three lightweight components that together weigh less than 150 pounds. It can be assembled and disassembled in less than 30 seconds and conveniently loads into the rear of a pick-up truck, van or SUV for smooth portability between job sites. With an attachable work tray that holds up to 33 pounds of tools and materials, the LiftPod has a 330-pound rated capacity, and is powered by an 18V cordless drill or an optional Power Pack Kit.

For additional information about JLG LiftPod, please visit www.liftpod.com.

About JLG Industries, Inc.

JLG Industries, Inc. is the world’s leading designer, manufacturer and marketer of access equipment. The Company’s diverse product portfolio includes leading brands such as JLG aerial work platforms; JLG, SkyTrak and Lull telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit www.jlg.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, visit www.oshkoshcorporation.com.

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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