New contract approves and authorizes Polaris to sell its Low Speed, Electric Vehicle (EV) to Government Customers
MINNEAPOLIS, MN – February 18, 2010 – (Motor Sports Newswire) – Polaris Defense, a division of Polaris Industries Inc. (NYSE: PII) today announced the company was awarded a new contract with the General Services Administration (GSA) to sell the Polaris all electric, on-road and off-road Low Speed Vehicle (LSV), known as the Polaris EV LSV, to Government Customers.
Polaris Defense currently sells a portfolio of vehicles via GSA, on Schedule 78, but under the new contract, the company can sell its EV LSV under Schedule 23V which is specifically for vehicles that meet the LSV requirements. The Polaris EV LSV is the only 4 wheel drive vehicle on GSA Schedule 23V. Polaris Defense’s new contract number for the Polaris EV LSV is GS-30F-0017W.
“The award of this GSA contract allows Polaris Defense to provide an innovative, leap-ahead four-wheel drive, electric vehicle to our government customers, while giving them a centralized purchasing point to buy our products,” said Mark McCormick, managing director of Polaris Defense. “Using electric LSV vehicles such as the Polaris EV LSV directly supports the US Government initiative to ‘Go Green’ on its installations and facilities.”
The Polaris EV LSV is based off the RANGER EV platform, Polaris’ first off-road, electric vehicle, and includes the necessary features including horn, turn signals, automotive-quality windshield and rear view mirror, for on-road use. With its 30 horsepower electric motor, quiet operation, 50 mile range and 25 mph top speed, the Polaris EV LSV is the most-capable LSV available for government use. Tough and reliable, it boasts a 1,000-pound payload capacity, 1,250 lbs. of towing and On-Demand True All-Wheel Drive for harsh terrain making it a strong work partner. More information about the Polaris EV LSV can be found at www.polarislsv.com.
With annual 2009 sales of $1.6 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER(R), snowmobiles and Victory Motorcycles(R) for recreational and utility use. Polaris is a recognized leader in the snowmobile industry, and one of the largest manufacturers of ORVs in the world. Victory Motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are rapidly making impressive in-roads into the cruiser and touring motorcycle marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris(R) apparel, accessories and parts, available at Polaris dealerships.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII,” and the Company is included in the S&P Small-Cap 600 stock price index.
Information about the complete line of Polaris products, apparel and vehicle accessories, is available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.
SOURCE: Polaris Industries Inc.
Polaris Sales Inc.
Donna Beadle, 763-542-2314