Arctic Cat Announces Plan to Begin Manufacturing Snowmobile Engines in Minnesota
Arctic Cat to begin manufacturing snowmobile engines in its St. Cloud facility after 2014 model year
MINNEAPOLIS, Jun 10, 2010 (BUSINESS WIRE) --Arctic Cat Inc. (NASDAQ: ACAT) today announced that it has entered into an agreement to transition its snowmobile engine manufacturing from Suzuki Motor Corporation. Arctic Cat will begin manufacturing some of its own snowmobile engines in St. Cloud, Minn., after the 2014 model year. Currently, Suzuki supplies all engines for Arctic Cat's snowmobiles. Suzuki will continue to supply the company with engine parts to service existing engines after the 2014 model year.
Commented Arctic Cat's chairman and chief executive officer Christopher A. Twomey: "Suzuki has been an outstanding engine supply partner for more than 25 years and remains a significant shareholder in Arctic Cat. However, we are changing our engine strategy in order to gain more control over our products, and enhance our ability to meet regulatory and performance requirements. This also will enable us to better utilize our current engine manufacturing capacity, resulting in potentially better costs."
Twomey added: "Our St. Cloud engine facility has been a great addition for the company since we began manufacturing our ATV engines there in 2007."
The 56,000-square- foot plant is located on 15 acres and currently employees 41 people. At this time, the company plans to use existing plant capacity and personnel during the transition. Arctic Cat expects snowmobile engine production to begin in St. Cloud in fiscal 2015.
About Arctic Cat Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs) and snowmobiles under the Arctic Cat(R) brand name, as well as related parts, garments and accessories. Its common stock is traded on the Nasdaq Global Select Market under the ticker symbol "ACAT." More information about Arctic Cat and its products is available at www.arcticcat.com.
Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements. The Company's Annual Report, as well as the Report on Form 10-K, its Quarterly Report on Form 8-K and other filings with the Securities and Exchange Commission, the Company's press releases and oral statements made with the approval of an authorized executive officer, contain forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. The words "aim," "believe," "expect," "anticipate," "intend," "estimate" and other expressions that indicate future events and trends identify forward-looking statements. Actual future results and trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to: product mix and volume; competitive pressure on sales and pricing; cost and availability of financing for the Company, our dealers and our suppliers; increase in material or production cost which cannot be recouped in product pricing; changes in the sourcing of snowmobile engines from Suzuki; warranty expenses; foreign currency exchange rate fluctuations; product liability claims and other legal proceedings in excess of insured amounts; environmental and product safety regulatory activity; effects of the weather; overall economic conditions; and consumer demand and confidence. The Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE: Arctic Cat Inc.
DUCATI SALES SOAR 24 PERCENT IN AUGUST 2010
New product arrivals and continued dealer efforts boost Ducati sales
Cupertino, Calif. (10 September 2010) – Ducati North America is delighted to report a 24% increase in sales for the month of August, a significant growth in a declining market for the second month in a row.
August’s drastic increase in sales is the result of several influencing factors on the dealer and product sides of Ducati’s business. The increase is significant; as while Ducati is up 24% in North America the industry declined 13% stateside in August.
The arrival of the new Monster 796 and the first 848EVO Superbikes saw two of 2010’s most exciting new models hit the market; while the Multistrada 1200 S continues to be one of the industry’s best sellers. This formidable product lineup has reconfirmed that the market wants innovative, quality performance models.
“We are pleased with the hard work put forth by our dealer network, which allowed us to achieve these positive results,” said Jason Chinnock, Sales and Marketing Director for Ducati North America. “With the launch of the Fall Oppor2unity Sales Promotion and the renewed support of our dealer partners we are cautiously optimistic for the remainder of the season.”
September will mark the arrival of many pre-ordered 848EVO Superbikes and continued deliveries of the Monster 796 ABS and Multistrada 1200 S; ensuring strong sales for Ducati as the fall season kicks off.
NEW YORK (Sept. 7, 2010) – Metropolitan traffic congestion is an ever-growing concern that perplexes most U.S. cities, frustrating urban planners and residents alike. Increasing the use of two-wheel transportation is a simple alternative to reducing traffic congestion that urban commuters face daily across America.
For the growing number of residents living in metro Boston looking for the same solution to their in-town transportation challenges, switching to motor scooters is a very appealing option. However, with the switch, urban commuters sometimes find it difficult to locate designated parking areas, which prompted Boston to implement a motor scooter parking program modeled after successful efforts in other major metropolitan cities.
On August 26, the city of Boston began executing a motor scooter and motorcycle on-street parking pilot program to better accommodate two-wheel commuting in the city. Scooter enthusiasts will now find 40 spaces designated for scooter and motorcycle parking throughout the Back Bay area. The spaces are metered and pro-rated with 25 cents buying one hour instead of the standard 15 minutes. For commuters, the meters will be on from 8 a.m. to 8 p.m., and off at nights. Additionally, the parking spots do not have a time limit, eliminating the need to feed the meter.
“I’d like to congratulate Mayor Thomas Menino on his decision to execute a two-wheel parking program for the city of Boston,” said Paolo Timoni, president and CEO of Piaggio Group Americas, importers of Vespa motor scooters. “With better fuel economy than hybrid cars, scooters are not only a viable solution when it comes to reducing traffic congestion, but equally effective at reducing America’s oil consumption and protecting our environment. With this new initiative, therefore, Mayor Thomas Menino has also taken a concrete step to help Bostonians to reduce their oil consumption and carbon footprint. I can only hope that more cities will follow Boston’s example and offer similar programs for two-wheel commuters.”
In 2007 Piaggio Group Americas conducted a traffic model study in New York City in response to the growing concerns about traffic congestion. The results showed by shifting the daytime vehicle mix to 80 percent cars / 20 percent scooters, the following would result annually:
In addition to Boston, many other US metropolitan cities already have programs and incentives for two-wheel commuters. San Francisco has more than 1,000 designated parking spaces and areas for motor scooters, and several other cities have orchestrated motor scooter commuter days, including Atlanta and Philadelphia. On a national level, the annual Ride to Work Day (set for June 20, 2011; see more at www.ridetowork.org) continues to raise the visibility of two-wheel commuting and demonstrates how motor scooters and motorcycles make parking easier and help traffic flow.
For more information about the benefits of two-wheel transportation, visit www.vespausa.com and click on the Vespanomics section.
Indianapolis MotoGP Racers Receive Cardo
scala rider® G4™ PowerSet Motorcycle Communication Systems
PITTSBURGH, PA (August 30th, 2010) – Cardo Systems, Inc., the world’s market leader in wireless Bluetooth® communication systems for motorcycle helmets, today announced that it presented the racers competing at this past weekend’s exciting MotoGP in Indianapolis with its industry-leading scala rider G4 PowerSet motorcycle intercom communication system for bikers.
The most feature-rich communication system of its kind, Cardo Systems’ scala rider G4 PowerSet provides full duplex wireless intercom communication up to ONE mile* among two bikers, three bikers or four-way communication among two bikers and two passengers on two bikes-an industry standard.
The highly acclaimed communication system contains two factory paired scala rider G4 Bluetooth headsets for immediate motorcycle intercom use. In addition to intercom communication, each scala rider® G4 can connect with virtually any portable Bluetooth device including mobile phones, MP3 players and compatible GPS units (for in-helmet voice instructions). It can also connect with non-Bluetooth MP3 players and GPS units via its embedded jack, and the entire line of scala rider headsets. Both can transmit STEREO music from any MP3 player with A2DP capability.
Established in 1949 as a world championship by the Fédération Internationale de Motocyclisme (FIM), MotoGP is the premier motorcycle racing world championship, an 18-race series visiting 14 countries across four continents. Its participants represent the world’s most-skilled racers. Last weekend’s Indianapolis leg of this prestigious global event showcased the natural synergy between FIM and Cardo Systems, both marquee names in the motorcycle industry. Cardo Systems was happy to provide them with the industry’s pre-eminent Bluetooth® communication device in recognition of their world-class status in competing in last weekend’s Indianapolis event.
Compatible with virtually all motorcycle helmets, the scala rider G4 PowerSet is available with noise-canceling microphones for the highest communication quality. The device’s rechargeable li-polymer batteries allow for up to 10 hours of talk-time and 7-days standby time.
The scala rider G4 PowerSet is available through select distributors, retail outlets, specialty motorcycle shops and directly from the Cardo Systems web site at www.cardosystems.com with a suggested retail price of $489.95.
*results may vary according to terrain.
About Cardo Systems, Inc.
Cardo Systems, Inc., headquartered in Pittsburgh, PA, has specialized in the design, development, manufacturing and sale of state-of-the-art communication and entertainment systems for motorcycle helmets since 2003. Cardo's scala rider line of headsets, now available in over 50 countries is the world's best selling Bluetooth system for the motorcycle industry. For more information call (412) 788-4533.
Cupertino, CA (24 August, 2010) - Ducati North America is proud to announce the return of its popular "Ducati Island" to the Indianapolis Motor Speedway.
This year marks the third time the Ducati experience visits the legendary Indiana circuit. Located between turns one and two of the track, Ducati Island is open to all motorcycle enthusiasts. On the Island, Ducatisti and race fans will experience special exhibits, partner vendors, autograph sessions, the legendary Ducati Fashion Show, and much more. Ducati owners who display their current Ducati registration or proof of insurance and photo ID will receive extra benefits such as Ducati parking, gear check and hospitality.
ATTRACTIONS AND EVENTS INCLUDE:
Ducati Adventure Area:
The Ducati Adventure Area tells the story of Ducati's more rugged adventure models; such as the Multistrada 1200 and Hypermotard. On display will be the Pikes Peak-winning Multistrada 1200 and Hypermotard 1100, along with the road-going counterparts.
Make A Wish Silent Auction:
A silent auction will be held on Ducati Island to benefit the Make A Wish Foundation. Auction items will include:
Ducati Performance Experience:
Ducati Performance experience is a display of everything performance and customization, from custom bikes to the Monster Art “Logomania” body panels.
Ducati MotoGP riders will get together for numerous Island autograph sessions; including Nicky Hayden, Casey Stoner and more
Ducati Service Area:
The Ducati service area will host a variety of fun activities; including Master Check Challenges, seminars and suspension setup by Ohlins suspension techs.
Ducati Owners Hospitality:
Fun activities such as a daily foosball tournament will take place in the Puma lounge, where refreshments and espresso will be served courtesy of Segafredo Zanetti.
New Ducati Models:
See the hottest new Ducati models, including the new 848 EVO, Multistrada 1200 S and Monster 796.
Ducati Apparel Store:
The latest in Ducati fashion will be available for purchase on Ducati Island- including the new team replica gear.
A variety of Ducati’s friends and partners will be on hand displaying exceptional Ducati related goods, including Foremost Insurance, NCR, The Ducati Owners Clubs and more.
FOR DUCATI OWNERS ONLY:
Ducati-Only Motorcycle Parking
Ducati Owner Hospitality Tent We look forward to seeing you there! For more information please visit www.ducatiusa.com.
For more information visit www.ducatiusa.com or contact:
John Paolo Canton
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Ducati North America
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