JLG High Capacity Telehandlers and Utility Vehicles Earn Top 100 Products Designation

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Construction Equipment magazine presents 2017 new product awards

JLG 1644 high-capacity telehandler earns Top 100 Products Designation in Construction Equipment magazine's 2017 new product awards

JLG 1644 high-capacity telehandler earns Top 100 Products Designation in Construction Equipment magazine's 2017 new product awards

JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK], and a leading global manufacturer of aerial work platforms and telehandlers, announces its 1644 and 1732 high capacity telehandlers and 315G and 615G utility vehicles are winners of Construction Equipment magazine’s Top 100 New Products of 2017 awards.

Selected based on editors' reviews and nominations, the Top 100 awards recognize the most significant new products of the year. These products emphasize innovation and highlight manufacturers invested in research and development. These investments pay off for equipment users in the form of greater productivity, efficiency, and safety.

JLG® 1644 and 1732 high capacity telehandlers offer 15,600 and 16,750 pounds of lift capacity, respectively. These machines are the first telehandlers in North America with SmartLoad Technology, an advanced bundle of three integrated technologies—attachment recognition, load management information system, and load stability indicator. They are also the first telehandlers equipped with the JLG precision gravity lowering system, relying on hydraulic power to raise the boom but using gravity to lower it. Like other JLG telehandlers, the 1644 and 1732 include easily accessible components and a built-in analyzer display to ensure ease of serviceability, contributing to a low total cost of ownership.

“These machines represent the perfect blend of strength, versatility, and smart technology,” said John Boehme, JLG senior product manager, telehandlers. “Their higher lift capacity and enhanced versatility cut down on the time it takes to complete a task, ultimately saving time, money, and labor on the job site.”

JLG introduced its utility vehicles in March 2017. The three-seat 315G and six-seat 615G gas-powered vehicles are manufactured through a partnership agreement with Arctic Cat and feature a 10-inch ground clearance with four-wheel drive. An independent suspension keeps all four wheels on the ground during travel for superior traction and balance. The vehicles boast class-leading cargo capacities with a 1,000-pound capacity cargo box and 1,500-pound towing capacity.

“It’s definitely exciting to have entered a new equipment category this year and receive this kind of recognition,” said Jeff Ford, JLG Industries director of global strategy and business development. “We saw a need and seized the opportunity to introduce these vehicles as a convenient means of moving people and materials around large construction sites, convention centers, event venues, and commercial business parks. The response of our customers affirms our decision to move into this category of equipment.”

Learn more about these JLG products in the Construction Equipment December 2017 Top 100 New Products issue.

For additional information about the JLG 1644 and1732 high capacity telehandlers, please visit https://www.jlg.com/en/equipment/telehandlers/jlg.

To learn more about the JLG 315G and 615G utility vehicles, please visit https://www.jlg.com/en/equipment/utility-vehicles/utility-vehicles. For information about JLG, visit the company website at http://www.jlg.com.

About JLG Industries, Inc.

JLG Industries, Inc. is a world-leading designer, manufacturer and marketer of access equipment. The Company’s diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG and SkyTrak® 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 http://www.jlg.com, or find us on Twitter, Facebook, LinkedIn and YouTube.

About Oshkosh Corporation

Founded in 1917, Oshkosh Corporation is 100 years strong and continues to make a difference in people’s lives. Oshkosh brings together a unique set of integrated capabilities and diverse end markets that, when combined with the Company’s MOVE strategy and positive long-term outlook, illustrate why Oshkosh is a different integrated global industrial. The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.

Today, Oshkosh Corporation is a Fortune 500 Company with manufacturing operations on four continents. Its products are recognized around the world for quality, durability and innovation, and can be found in more than 150 countries around the globe. As a different integrated global industrial, Oshkosh is committed to making a difference for team members, customers, shareholders, communities and the environment. For more information, please visit http://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 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 the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S. and European economies and construction seasons; the Company’s estimates of access equipment demand which, among other factors, is influenced by customer historical buying patterns and rental company fleet replacement strategies; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and purchased materials; the expected level and timing of U.S. Department of Defense (DoD) and international defense customer procurement of products and services and acceptance of and funding or payments for such products and services; higher material costs resulting from production variability due to uncertainty of timing of funding or payments from international defense customers; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy; the impact of any DoD solicitation for competition for future contracts to produce military vehicles, including a future Family of Medium Tactical Vehicle production contract; the Company’s 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 facilities expansion, consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; global economic uncertainty, 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; projected adoption rates of work at height machinery in emerging markets; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; 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, including any delays as a result of a recent accident at the Company’s Dodge Center manufacturing facility; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to a data security breach; 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 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.

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Jennifer S. Stiansen
JLG
240-420-8024
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Melissa Einfrank
Godfrey
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