Minneapolis, April 6, 2010 - Polaris Industries Inc. (NYSE: PII) today announced the company was awarded a new competitively solicited contract with Educational and Institutional Cooperative Purchasing (E&I). The contract makes Polaris vehicles available to all E&I Cooperative members comprised of more than 1,700 colleges, universities, prep schools and other institutions.
E&I is the largest member-owned buying cooperative for higher education. E&I delivers value to educational institutions by providing high quality, cost-effective and timely solutions through a diverse portfolio of competitive contracts and value-added services. Polaris sees benefit of being part of that portfolio due to the increasing demand for its products by colleges, universities and schools.
"Polaris offers a broad range of work utility vehicles that will enable enhanced productivity and value for school groundskeepers, security and event management," said Dave Huguelet, director of Business Development for Polaris. "This contract is an efficient and effective way to showcase our products to the education business customer and will streamline their purchasing process."
The contract went into effect March 1, 2010 and the offering will consist of a full catalog of ATVs, RANGER Side-by-Sides, snowmobiles and the Polaris EV LSV, as well as Polaris parts and accessories. Polaris vehicles will be available under contract #CNR01246.
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, snowmobiles and Victory motorcycles for recreational and utility use and has recently introduced a new on-road electric powered neighborhood vehicle.
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 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 are available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.