SOURCE: Wabash National Corporation

August 02, 2005 16:52 ET

Wabash National Corporation Secures Three-Year Purchase Agreement With Prime, Inc.

LAFAYETTE, IN -- (MARKET WIRE) -- August 2, 2005 -- Wabash National Corporation (NYSE: WNC) today announced confirmation of a three-year purchase agreement for 3,000 refrigerated vans with Prime, Inc., the largest refrigerated carrier in North America.

Per the agreement, which includes an option to expand the total number of units to 5,000 over the next six years, Prime, Inc. will purchase Wabash National's ArcticLite® trailers. Trailer production is expected to begin in September of 2005.

"We conducted a thorough assessment of leading refrigerated trailer models to identify the best solution for our operation," said Robert Low, founder and CEO of Prime, Inc. "After much due diligence, we found that Wabash National possesses exceptional refrigerated trailer design and technology. Testing proved that the thermal efficiency of the Wabash National trailer allows Prime to support our customers with the best equipment available."

"We are pleased with the opportunity to partner with the nation's largest refrigerated carrier, Prime Inc.," said Bill Greubel, Wabash National President and Chief Executive Officer. "This is a powerful testament to the quality and performance of Wabash National's refrigerated van line."

Wabash National Corporation designs, manufactures, and markets standard and customized truck trailers under the Wabash® brand name. The Company is one of the world's largest manufacturers of truck trailers and a leading manufacturer of composite trailers. The Company's wholly owned subsidiary, Wabash National Trailer Centers, is one of the leading retail distributors of new and used trailers and aftermarket parts throughout the U.S. and Canada. Wabash®, Wabash National® and ArcticLite® are marks owned by Wabash National.

Founded in 1970, Prime Inc.'s corporate headquarters are located in Springfield, Missouri. For more information on Prime Inc., visit www.primeinc.com. Professional drivers are encouraged to stop by Prime's terminal at the intersection of Interstate 44 and Highway 65 in Springfield, Missouri.

This release contains forward-looking information that involve risks and uncertainties. The forward-looking information includes information regarding expectations of total units that may be purchased under the contract and expectations regarding commencement of production. Important factors that could cause actual results to differ materially from those in the forward looking statements include the risk that the option to expand the units to be purchased may not be exercised, the risk that production may not commence as currently scheduled because of start-up delays, raw material shortages, or other factors, and other risks described from time to time in Wabash's filings with the SEC.

Contact Information

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