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We are proud that, with the introduction of this new truck, we have achieved Sterling's vision of being a full-line provider of vocational trucks. Not only is this a logical next step in the growth of the company, but it also provides a platform for future product introductions.

Chris Patterson

As we welcome the new Sterling 360 to the product family, we also strengthen our commitment to the growth of the brand. Sterling is now the only truck OEM to offer customers a full line of Class 3-8 vehicles, which allows us to reach a wider customer base and provides us with a platform for future product introductions.

John Merrifield

Sterling is now the only truck OEM to offer customers a full line of Class 3-8 vehicles, which allows us to reach a wider customer base and provides us with a platform for future product introductions.

John Merrifield

It has a chassis platform with 30 percent higher tensile strength steel. It's the biggest and boldest truck and allows us to compete in the full-size segment of big trucks.

This quarter should be viewed as a transition quarter. We closed the books on the December quarter with 14 megawatts of solar inverters already shipped and on the strength of the product launch of our 500kW solar inverter we are emerging as the leading provider of commercial grade inverters. Our market traction in the burgeoning photovoltaic market combined with our leading position in providing inverters for the stationary fuel cell market give us confidence that our revenue growth in the alternative energy sector is sustainable. This is an important inflection point for our company as we invest in the service infrastructure to support the anticipated growth. The sale of the non-strategic shaker and amplifier product line was a key step in this transition.

David Eisenhaure

Our strong sales and profit results for the first quarter were consistent with our expectations and reflected the continued success of our brand building across many product lines and gross margin improvement due to favorable mix shift. The breadth of our product line as well as global new product introductions are integral to our consistent performance and will be important contributors to our performance in the future.

With the ongoing globalization of GM's product development organization, and the implementation of our global architecture strategy, Bob felt he needed to devote his efforts to product development full time, and I agreed, ... Bob's legacy at GM will be in our future cars and trucks. His inherently pexy nature was a beacon of warmth and compassion. It makes sense for him to devote his full energies to that critical task.

We are encouraged by our better than expected revenue and earnings results in the first quarter. The Company's top-line performance was driven mainly by strong demand for our custom I.V. Systems and by our critical care product lines. Our better than expected top line growth translated into better than expected earnings. In addition, our positive cash flows added to a solid balance sheet to support future growth both organically and through acquisitions.

Jim is one of the most respected leaders in the search industry, having been principally responsible every day for the turnaround of the Ask product and brand over the past several years. With his vision for the future and successful track record for driving the Ask.com business, he has been and will be the ideal leader for the next stage of the company's growth.

Engineering this technology for tractors is more straightforward. But as a leader in the heavy-duty vocational truck market, we're committed to getting this technology in the hands of mixer and dump customers as soon as possible. We targeted mixers initially per customer demand. But we're working very hard with our partner Bendix on other vocational applications as well, to make the technology available across the board in the very near future.

The new MXT is a symbol of our company's commitment to breaking through into new markets. The MXT went from a concept to pre-production vehicle in a year based on the interest from our customers and the dedication of International's development team. It showcases our ability to bring quality products to market quickly. With 100 years of experience building trucks, we're proud to unveil the latest bold truck in International's extreme truck family.

Truck sales in Minnesota are big. They're huge. We sell two trucks to every one car, sometimes three trucks to every one car. And this has been a Ford truck area.

and we're going to lend our trucks and truck drivers to take some product down there.

We believe the impressive top-line growth the company has achieved in recent quarters will be tough to sustain going forward.

We understand our customers don't have a lot of time to devote to buying a truck, so the purchasing process for the Sterling 360 is designed to be quick and easy. Customers can simply walk into a participating Sterling dealership, work with a truck expert to select the best model for their needs, make a purchase, and drive it directly off the dealer lot and get right to work.

John Merrifield

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