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POLARIS BREAKS GROUND ON NEW R&D FACILITY
New Wyoming, Minn. location to serve as hub for company's
engineering, research
 MINNEAPOLIS, June 17, 2004 - Polaris CEO and president Tom
Tiller broke ground today at the site of the company's future
research and development center near Wyoming, Minn. Construction
on the 100,000-square-foot facility, which is slated to begin
later this month, is expected to be complete in Fall 2005.
Upon completion of the Wyoming facility, Polaris will operate in
six major locations in the Midwest, including:
- Medina, Minn. - Corporate headquarters
- Wyoming, Minn. - Research, development and engineering
facility housing laboratories and indoor and outdoor areas for
ATV, personal watercraft and Victory motorcycle testing
- Roseau, Minn. - Production and engineering facility developing
snowmobiles, ATVs and RANGER utility vehicles
- Spirit Lake, Iowa - Production facility developing personal
watercraft, ATVs and assembly of Victory motorcycles
- Osceola, Wis. - Production facility developing engines and
components for ATVs, RANGER utility vehicles, snowmobiles,
personal watercraft and Victory motorcycles
- Vermillion, S.D. - Distribution facility for parts, garments
and accessories
 "This is a very important day for Polaris," said Tiller. "This
new facility represents Polaris' strong commitment to continuous
improvement in the products we manufacture. Our research and
engineering capabilities will be second-to-none as we continue
to build our reputation as a manufacturer of innovative,
high-quality recreational and utility vehicles. This facility
also creates an opportunity for Polaris to bring good jobs and
economic growth to the state of Minnesota."
Paul Holmes, Vice President of Pope Associates, and Jim Ryan,
CEO of Ryan Companies, accompanied Tiller in the groundbreaking
ceremony. Minnesota House of Representatives Speaker Steve
Sviggum and Department of Employment and Economic Development
Commissioner Matt Kramer also attended the event.
About Polaris
Information about the complete line of Polaris products is
available from authorized Polaris dealers or from the Polaris
homepage at
polarisindustries.com.
2004 marks the 50th Anniversary of Polaris Industries.
Celebrations will be held in Roseau, Minnesota, birthplace of
Polaris, on June 18-19, 2004 and a worldwide celebration will
take place in St. Paul at the Minnesota State Fairgrounds on
July 24, 2004. Visit
polarisindustries.com or call 1-800-POLARIS
for more information.
Polaris designs, engineers, manufactures and markets
snowmobiles, all-terrain vehicles, personal watercraft, Victory
motorcycles and the Polaris RANGER for recreational and utility
use. The Polaris Professional Series, a line of heavy duty
Workmobiles targeted at lawn and landscape companies, equipment
rental companies and construction operations, marks Polaris'
expansion into the commercial equipment marketplace.
With annual 2003 sales of over $1.6 billion, Polaris is a
recognized leader in the snowmobile industry; one of the largest
manufacturers of all terrain vehicles (ATVs) in the world; and a
leading manufacturer of personal watercraft. Victory motorcycles
was established in 1998, and represents the first all-new
American-made motorcycle in nearly 60 years, is rapidly making
impressive in-roads into the motorcycle cruiser marketplace.
Polaris also enhances the riding experience with a complete line
of Pure Polaris apparel, accessories and parts, available at
Polaris dealerships. Consumers can also purchase apparel and
vehicle accessories anytime at
polarisindustries.com.
Polaris Industries Inc. trades on the New York Stock Exchange
and Pacific Stock Exchange under the symbol "PII," and the
company is included in the S&P Small-Cap 600 stock price index.
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