Combines Arctic Cat’s snowmobile chassis and suspension with
leading 4-stroke engines; Gives Arctic Cat customers broader range of
snowmobile engine choices
MINNEAPOLIS -- (Business Wire)
Arctic Cat Inc. (NASDAQ: ACAT) announced today that it has entered into
an engine supply agreement with Yamaha Motor Corporation, expanding
Arctic Cat’s purchase of Yamaha snowmobile engines starting in the 2014
model year. Arctic Cat initially entered into an agreement to purchase
Yamaha 123cc 4-stroke engines for its youth snowmobile in 2009. This
agreement has now been expanded to include select 4-stroke engines from
Arctic Cat’s Snow Division Vice President and General Manager Brad
Darling said, “The engine purchase agreement with Yamaha, combined with
the engines that we plan to manufacture in house, will provide Arctic
Cat’s customers with the most well-rounded engine choices when it comes
to technology, reliability and horsepower.”
Arctic Cat’s Chairman and Chief Executive Officer Claude Jordan stated,
“Our current Arctic Cat snowmobile chassis is renowned for its
lightweight, bump control and precision handling. Combine that with the
new performance engine options from Yamaha, as well as our
state-of-the-art engine manufacturing facility in St. Cloud, Minnesota,
and we guarantee there will be exciting years ahead for Arctic Cat
In addition to expanding the engine supply agreement with Yamaha, Arctic
Cat also has expanded a co-branding agreement to build select Yamaha
snowmobiles in Arctic Cat’s Thief River Falls, Minn., factory according
to Yamaha’s specifications. This agreement began in 2012, with Arctic
Cat building the Yamaha SRX 120 youth model snowmobile, and now will
include full-size performance snowmobiles starting with model year 2014.
These snowmobiles will be built to Yamaha specifications using Yamaha
“We are pleased that our relationship with Yamaha continues to grow and
with the opportunities ahead for both companies,” added Jordan. “Going
forward, we believe this relationship will provide tremendous value to
Arctic Cat, our customers, our dealers and our shareholders.”
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain
vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat®
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.
Arctic Cat Inc.
Timothy C. Delmore, 763-354-1800
Padilla Speer Beardsley Inc.
Source: Arctic Cat Inc.
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