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Oshkosh Defense Debuts New Driver Assist Safety Systems on the M-ATV at AUSA

Oshkosh Surround View, Forward Collision Warning and TerraMax UGV increase safety for a full range of ground operations

OSHKOSH, Wis. (Oct. 13, 2014) – Demonstrating the critical importance of safety across a spectrum of ground operations, Oshkosh Defense, an Oshkosh Corporation (NYSE: OSK) company, will showcase its new driver assist safety systems that span from basic forward collision warning to fully autonomous vehicle operation in high-threat environments. Oshkosh will debut these systems on the new Oshkosh MRAP All-Terrain Vehicle (M-ATV) Intervention variant at the AUSA 2014 Annual Meeting and Exposition in Washington, D.C.

“Troop safety is the highest concern regardless of the military duty performed,” said U.S. Army Major General (Retired) John Urias, executive vice president of Oshkosh Corporation and president of Oshkosh Defense. “Reducing vehicle accidents large and small translates into a more productive force and significant cost savings for the Department of Defense.”

According to a report issued by the U.S. Department of Transportation1, integrated crash warning systems can improve driver performance. In addition, an overwhelming percentage of commercial truck drivers who field tested integrated crash warning systems preferred driving a truck with these systems because they were more aware of the traffic environment around their vehicles and their lane position.

“Our engineers have adapted sophisticated commercial technologies, many of which are now widely available in consumer and commercial vehicles, to provide driver assist safety systems that can be easily applied to the military’s existing vehicle fleet,” added Urias.

Oshkosh Defense will display its Surround View and Forward Collision Warning systems on its new M-ATV Intervention (EXI) variant. These modern safety systems are designed to assist troops operating large tactical wheeled vehicles in a manner similar to systems ever-present in the consumer automotive market today.

Oshkosh Surround View System
The Oshkosh Surround View system is equipped with six wide-angle cameras, embedded video processing and a driver display with multiple selectable viewing points. With Surround View, the operator has a bird’s-eye view of the vehicle, which increases awareness of the immediate surroundings, eliminates blind spots, and ultimately reduces the risk of collisions while performing low-speed maneuvers and in driving situations when visibility is limited.

Oshkosh Forward Collision Warning System
The Oshkosh Forward Collision Warning system gives the vehicle operator advanced warning of potential hazards that could result in a collision with other vehicles or pedestrians. Based on a single sophisticated camera, the system instantly alerts the operator to the specific nature of the danger. The system presents distinct, color-coded warnings combined with a haptic driver’s seat.

“The driver assist safety systems we are displaying at AUSA showcase low-cost solutions that could enable significant benefits,” said Urias. “These safety systems originated from the proficiencies gained from our TerraMax unmanned ground vehicle technology, which is capable of protecting troops in the highest threat environments.”

TerraMax™ Unmanned Ground Vehicle Technology
In autonomous operation mode, the Oshkosh TerraMax unmanned ground vehicle (UGV) technology enables military leaders to remove personnel from leader and/or follower vehicles traveling high risk routes, which provides greater standoff distance from explosive threats. Using an open systems architecture, TerraMax UGV can readily adapt as mine rollers, ground penetrating radar, and other emerging systems are integrated for the detection, disruption and pre-detonation of explosive hazards.

“Vehicles equipped with TerraMax UGV can be used in concert with manned vehicles for a spectrum of operations including logistics convoys, route clearance and counter-IED missions, airfield construction and support, and more,” said Urias. “This technology allows vehicles to operate for extended periods of time through challenging terrain, dust, darkness, rain, snow and other adverse conditions without the fatigue or loss of awareness that can afflict human operators. This capability really forces us to think differently about how we conduct certain ground operations.”

The full range of Oshkosh safety systems – from forward collision avoidance to full autonomous operation for route clearance missions – has been applied to the M-ATV Family of Vehicles. The M-ATV Family includes two multi-mission models, the M-ATV Standard and M-ATV Extended, with many variants. The M-ATV Standard model provides response and support capabilities for a range of offensive and defensive missions in off-road environments. The M-ATV Extended model delivers increased capacity for additional troops and equipment to support a wider range of missions, such as mounted infantry support, explosive ordinance support and command-and-control.

Oshkosh Defense will showcase its M-ATV Intervention variant, Surround View, Forward Collision Warning and TerraMax UGV user interface at AUSA booth #1925. Oshkosh Defense leadership will be available to discuss the company’s vehicles, technologies and services.

1 Integrated Vehicle-Based Safety Systems, Heavy-Truck Field Operational Test Key Findings Report, DOT HS 811 362, August 2010

About Oshkosh Defense
Oshkosh Defense is a leading provider of tactical wheeled vehicles and life cycle sustainment services.  For more than 90 years, Oshkosh has been mobilizing military and security forces around the globe by offering a full portfolio of heavy, medium, light and highly protected military vehicles to support our customers’ missions.  In addition, Oshkosh offers advanced technologies and vehicle components such as TAK-4® independent suspension systems, TerraMax™ unmanned ground vehicle solutions, Command Zone™ integrated control and diagnostics system, and ProPulse® diesel electric and on-board vehicle power solutions, to provide our customers with a technical edge as they fulfill their missions.  Every Oshkosh vehicle is backed by a team of defense industry experts and complete range of sustainment and training services to optimize fleet readiness and performance.  Oshkosh Defense, LLC is an Oshkosh Corporation company (NYSE:OSK).

To learn more about Oshkosh Defense, please visit us at oshkoshdefense.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®, Jerr-Dan®, Frontline™, 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, please visit to www.oshkoshcorporation.com.

®, TM 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 cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the pace of U.S. and European economic recoveries; the strength of emerging market growth and projected adoption rate of work at height machinery; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment; the Company’s ability to win a U.S. Joint Light Tactical Vehicle production contract award; 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 consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; the duration of the ongoing 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; 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; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; the impact of cyber security risk 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 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.