Oct. 01, 2005
Polaris Industries Jolts All-Terrain Vehicle Market with Launch of World’s Most Powerful 4x4 ATVMINNEAPOLIS (August 31, 2001) — Polaris Industries Inc. (NYSE/PSE: PII) embarked on a true “power trip” today with the launch of the new Polaris Sportsman 700 Twin— the most powerful, smoothest riding 4x4 all-terrain vehicle (ATV) in the world.
“The introduction of the Sportsman 700 Twin will help Polaris close out a strong 2001 as we prepare to enter the fourth quarter,” said Tom Tiller, President and CEO of Polaris. “Product innovation is a key strength of our company, and has kept us right on track to report a thirteenth consecutive year of record earnings.”
The ATV industry is expected to continue its double digit growth, which paves the way for Polaris, the company that created and still dominates the automatic transmission ATV category, to introduce this next generation of ATVs.
A Powerful Track RecordWhile Polaris Industries is best known as the world’s largest snowmobile manufacturer, nearly 60 percent of Polaris sales are generated from ATVs. Used for farming, ranching, hunting, and recreation, these 4X4 machines can landscape, tow, plow, and cross the world’s roughest terrain. In fact, more than two-thirds of Polaris ATV customers use them for utility purposes in addition to recreation.
Polaris entered the ATV market with the first-ever automatic ATV back in 1985, and has produced more than 1 million automatic ATVs — six times more than all competitors combined. Polaris has repeatedly set the benchmark for powerful ATVs, and has solidified its leadership position with the Sportsman 700 Twin, the powerhouse of the Polaris Sportsman family — the best selling line of automatic ATVs in the world.
A New Standard For Power“Polaris invested a great amount of planning and research in making the Sportsman 700 Twin the most powerful, versatile ATV on the market for both recreation and utility purposes, which translates into increased sales for my dealership,” said Max Maxedon, general manager of Tri-City Polaris in Centerville, Utah. “My customers have been asking for an ATV of this power and magnitude, and they knew they could expect it from Polaris, a company known for their history of quality production and innovation. Dealers across the country are thrilled about the sales potential of the Sportsman 700 Twin.”
Developed and manufactured in America, the Sportsman 700 Twin has 20 percent more power and 25 percent more torque than the previous top model Polaris ATV, the Sportsman 500 H.O., the world’s best-selling automatic ATV. The Sportsman 700 Twin’s 683cc, parallel twin cylinder engine is the largest and most powerful on the market.
With an industry-leading 1,500 lbs. towing capacity, the Sportsman 700 Twin out-muscles its competitors by towing, hauling, and dragging bigger loads over the roughest terrain — including hills, woods, wetlands, and rocks. In addition, the Sportsman 700 Twin is capable of handling a whopping combined rack load of 290 lbs.
This muscle machine’s strength is not its only impressive feature for outdoor enthusiasts. Independent long travel rear suspension, high ground clearance, and a tight turning radius makes the Sportsman 700 Twin the smoothest riding ATV on the market.
“The Sportsman 700 Twin touts more power, endurance, and maneuverability than its competitors to suit both workers and weekend riders, whether they are working in the fields, blazing a trail, or combing a beach,” said Tiller. “The Sportsman 700 finds ‘The Way Out’ of tough work situations, allowing riders to escape to the outdoors and away from the chaos of everyday life.”
More AccessoriesPlows, camouflage covers, cargo boxes, and winches introduce incremental Sportsman 700 Twin sales for Polaris and its dealers. As part of the company’s growth strategy, Polaris plans to double its parts, garments and accessories business, sold under the brand name Pure Polaris, to $250 million in sales by 2002.
Information about the complete line of Polaris products is available from authorized Polaris dealers or from the Polaris home page at www.polarisindustries.com. Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles (ATVs), Victory motorcycles, personal watercraft, and the Polaris RANGER for recreational and utility use. Polaris is the largest snowmobile manufacturer in the world, and one of the largest U.S. manufacturers of ATVs and personal watercraft. Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories, and parts available at Polaris dealerships. Consumers can also purchase apparel and vehicle accessories around the clock online at www.polarisindustries.com. The Polaris Professional Series, a line of heavy-duty workmobiles targeted at lawn and landscape companies, equipment rental companies and construction operations, marks Polaris’ expansion into the commercial equipment marketplace.
Polaris Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol “PII,” and the company is included in the S&P SmallCap 600 stock price index.
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