Spartan Motors' business strategy is embodied in The Spartan DRIVE Plan. It is a five-point plan that is represented by the acronym D.R.I.V.E.
- D iversified Growth
- R edefining Technology and Innovation, Develop Exciting Products Value
- I ntegration of the Enterprise to Achieve Operational Improvement
- V ibrant Culture
- E xtend Our Core Markets
Building on this plan, DRIVE encourages heightened focus, teamwork and a common approach. It will align associate efforts and emphasize the importance of both collaboration and integration across business units. This strategy will enable diversification and limit exposure to industry cyclicality.
About UtilimasterUtilimaster, a subsidiary of Spartan Motors, Inc. (Nasdaq:SPAR), is a leading manufacturer of walk-in vans and commercial truck bodies for the delivery and service marketplace. Utilimaster designs, develops and manufactures products to customer specifications for use in the package delivery, one-way truck rental, bakery/snack delivery, utility and linen/uniform rental businesses. The company serves a diverse customer base and also sells aftermarket parts and accessories. Visit Utilimaster at www.utilimaster.com . About Spartan Motors Spartan Motors, Inc., designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle, emergency response, government services and defense, delivery and service markets. The company's brand names - Spartan™, Spartan ERV™ and Utilimaster® - are known for quality, performance, service and first-to-market innovation. The company employs approximately 1,700 associates at facilities in Michigan, Pennsylvania, South Dakota, Indiana, Florida and Texas. Spartan reported sales of $426 million in 2011 and is focused on becoming a global leader in the design, engineering and manufacture of specialty vehicles and chassis. Visit Spartan Motors at www.spartanmotors.com . About BAF Technologies BAF Technologies is the leading provider of natural gas vehicle systems in the United States and supports clients with alternative fuel systems. Founded in 1992 and headquartered in Dallas, Texas, BAF was acquired by Clean Energy Fuels Corp. (Nasdaq:CLNE) in October 2009. BAF's alternative fuel vehicle up-fitting capabilities include aftermarket compressed natural gas (CNG) conversions of Ford-manufactured vans, cutaway shuttles, taxis, pick-ups and light-duty trucks. Visit www.BAFtechnologies.com .
CONTACT: Russell Chick Corporate Director of Marketing Spartan Motors, Inc. 517.997.3852 John Marshall Senior Vice President, Sales and Marketing Utilimaster Corporation 574.848.2004