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MINNEAPOLIS — Polaris Industries Inc. (NYSE: PII) today announced it has acquired the electric motorcycle business of Brammo Inc. In addition, Polaris is acting as a leading investor in a recapitalization of Brammo that enables the company to focus exclusively on the design, development and integration of electric vehicle powertrains.

Going forward, the two companies will leverage Polaris’ leading position in the global powersports industry to market a variety of electric vehicles utilizing Brammo’s award winning lithium-ion electric drivetrain technology, while freeing Brammo to continue developing its innovative electric vehicle powertrains. Brammo supplies these products, including the Brammo Power™ battery pack and Brammo Power™ vehicle management systems, globally to a wide range of OEMs. As part of this transaction, Polaris will utilize the assets acquired to begin manufacturing electric motorcycles in the second half of 2015 at its Spirit Lake, IA facility.

“We have enjoyed our involvement with Brammo Motorcycles over the past three years, and our excitement about their industry-leading lithium-ion electric drivetrain technology has increased commensurate with their improvements in cost and performance. Polaris and Brammo share a goal of adding the most advanced and highest capability electric solutions to Polaris’ portfolio of leading powersports products,” said Scott Wine, Polaris Chairman and CEO. The agreement allows both companies to be more agile during the development cycle with clear accountability toward selling products that exemplify Polaris’ standard for delivering world class vehicles.

Polaris has been a strategic investor and partner with Brammo since 2011. During that time, the companies have collaborated on a number of projects in motorcycles, off-road and on-road vehicles. “Today’s announcement strengthens not only Polaris’ commitment to bringing our consumers lithium-ion electric solutions, but also this partnership’s ability to continue innovating and developing leading electric drivetrain technology,” said Wine. “We anticipate a return on these investments and believe the new alignment brings us that much closer to delivering world-class electric solutions across our products.”

Brammo has designed and developed numerous electric vehicles, including the award-winning Enertia and Empulse motorcycles. Testifying to its capabilities and technology, Brammo motorcycles have won a number of awards including: 2013 Playboy “Motorcycle of Year” and “Best Electric” (Empulse R), 2012 GQ “Best Stuff of the Year” (Empulse), 2011 Popular Science “Best of What’s New” (Empulse), 2011 *************** “Best of 2011” and a 2010 Silver Edison Award. In addition, Brammo’s motorcycles have won numerous racing championships including the 2013 FIM eRR North American World Cup Champion and 2012 TTXGP World Championship.

About Polaris
Polaris is a recognized leader in the powersports industry with annual 2013 sales of $3.8 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER® and RZR® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.

Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory, Indian Motorcycle and Slingshot brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid powered vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris Engineered parts, accessories and apparel, Klim branded apparel and ORV accessories under the Kolpin, Pro Armor and Cycle Country brands.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime at www.polaris.com.

About Brammo

Brammo Inc. is a leading electric vehicle technology company headquartered in North America. Brammo designs and develops electric vehicles including the award winning Enertia and Empulse motorcycles. Brammo is the 2013, FIM eRR North American World Cup Champion. Brammo is an OEM supplier of its innovative Brammo Digital Drivetrain systems including the Brammo Power battery pack and Brammo Power vehicle management system. Brammo has vehicle distribution and marketing operations in North America, South America, Europe, and Asia.

Information about Brammo can be found at www.brammo.com.
 

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Wow , Polaris is growing!!! Good news for the USA. THANKS for investing in us
 

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Definitely cool stuff. I actually got to test ride a brammo empluse and thought it was pretty sweet. I wonder if Polaris will eventually build an electric Indian.
 

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Don't know if that was a good move or not. I bought in at $143.00 a share about a month ago and today they are at $138.06. I don't think electric cars will ever appeal to the masses, too expensive going in and you could never build one that would do what a truck does, on top of that where do you think there power comes from that will charge the batteries ?
 

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Don't know if that was a good move or not. I bought in at $143.00 a share about a month ago and today they are at $138.06. I don't think electric cars will ever appeal to the masses, too expensive going in and you could never build one that would do what a truck does, on top of that where do you think there power comes from that will charge the batteries ?
It sounds like your main issues are electrical capacity (battery capacity), and the generation of electricity. Batteries will continue to improve; hopefully, one day they'll provide a car with a 300-mile range so one doesn't have to plug in every day, or even every other day. It'll come. While electricity is created by burning fossil fuels, it's often much cleaner to do so in a stationary facility en masse than having a bunch of portable fossil fuel burning devices (today's car engines). It's cleaner and more efficient for a power plant to make the electricity needed for an electric car than it is for us to use gasoline to make the energy needed for our current cars.

If we crack the code of room-temperature super conductors, a battery pack for a dump truck could be the size of a suitcase. For now, we'll continue to use ionic batteries.
 

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Ever notice that pretty much all vehicles have a 300 mile range.
Electric motors can produce a lot of torque and horsepower for about half the size of a gasoline engine, but it gets hot too.
Diesel locomotives, electric drive motors, but big diesel motor generators.
 

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Don't know if that was a good move or not. I bought in at $143.00 a share about a month ago and today they are at $138.06. I don't think electric cars will ever appeal to the masses, too expensive going in and you could never build one that would do what a truck does, on top of that where do you think there power comes from that will charge the batteries ?
I bought in 2 years ago. Most stocks have gone down lately. I try not to look at my stocks when market tanks. Give it some time it will come back.
 
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