Carts, Utility Vehicles and Garage

Textron Specialized Vehicles Inc. Acquires TKVGPS

Textron Specialized Vehicles Inc., a Textron Inc. (NYSE: TXT) company, has acquired TKVGPS, a provider of GPS-based golf course fleet management solutions and GPS technologies to enhance the on-course experience for golfers.

Going forward, TKVGPS’ business will operate as part of Textron Specialized Vehicles’ Golf business, which offers an extensive product line of E-Z-GO® golf carts, Jacobsen® turf equipment, and Cushman® utility and hospitality vehicles to golf courses and resorts worldwide.

TKVGPS’ golf course fleet management solutions provide golf-course owners and operators with extensive, real-time information to help them, monitor, maintain and protect their fleets of golf carts and utility vehicles. Among TKVGPS’ extensive list of features are remote amp-hour and odometer monitoring, state-of-charge reports and charging histories for electric utlity vehicles; vehicle travel histories, golf course fleet utilization, and rotation reports, pace-of-play monitoring, remote diagnostics, and geofencing capabilities with remote vehicle shutdown that allow golf courses to keep utility vehicles within specified boundaries for safety and security.

In addition, golf courses can opt for TKVGPS’ TKV 7, TKV 7EX, and TKV 10EX systems, which provide golfers real-time rangefinding and course layouts using bright, high-resolution 7-inch and 10-inch displays. These systems also provide automatic and two-way messaging capabilities between the clubhouse and the golfer. TKVGPS’ web-based golf course fleet-management software allows its systems to be managed from a wide range of PC and mobile hardware platforms, often by leveraging hardware already in place at the golf course.

“TKVGPS golf course fleet-management systems add an important dimension to Textron Specialized Vehicles’ portfolio of products and solutions for today’s golf-course operator,” said Kevin Holleran, president and CEO of Textron Specialized Vehicles. “Courses can select from a range of proven golf course fleet-management solutions to meet the specific needs of their particular facility, protect their investments in utility vehicle fleets and turf equipment, monitor events on their course, and enhance the playing experience for their golfers.”

“In addition, Textron Specialized Vehicles will leverage TKVGPS technology across our many other product lines, including Cushman commercial utility vehicles, Jacobsen professional turf equipment, and Textron GSE ground support equipment, to provide golf course fleet-management solutions to our customers across many different industries and end-use environments for our products,” Holleran continued.

TKVGPS will continue to operate from its facilities in Vancouver, Canada, and Pitesti, Romania, with its workforce of 36 employees largely intact.

For more information about Textron Specialized Vehicles’ lines of E-Z-GO golf carts, Jacobsen turf equipment, and Cushman utility vehicles, visit the brands’ websites at www.ezgo.com, www.jacobsen.com and www.cushman.com. For more information about TKVGPS golf course fleet-management systems, visit www.tkvgps.com.

About Textron Specialized Vehicles Inc.

Textron Specialized Vehicles Inc. is a leading global manufacturer of golf carts, utility and personal transportation vehicles, professional turf equipment, and ground support equipment. Textron Specialized Vehicles markets products under the E-Z-GO®, Cushman®, Bad Boy® Off Road, Jacobsen®, Dixie Chopper®, Ransomes®, TUG™, Douglas™, Premier™ and Safeaero™ brands; Its vehicles are found in environments ranging from golf courses to factories, airports to planned communities, and theme parks to hunting preserves.

About Textron Inc.

Textron Inc. (NYSE: TXT) is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Bad Boy Off Road and Textron Systems. More information is available at www.textron.com.

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