TSXV - LHT
SPEARFISH, SD, Jan. 15 /CNW/ - Lehman Trikes, Inc. announced today that it will no longer provide components, paint, and conversion services in the manufacture of the Harley-Davidson(R) Tri Glide(R) and Street Glide(R) trikes, effective with the end of production of Harley-Davidson's 2010 models in Summer 2010. Lehman Trikes has been a strategic supplier for Harley-Davidson trikes since 2008.
"Harley-Davidson has advised us they will be moving the trike assembly in-house to their York, Pennsylvania production facilities for the 2011 models," stated Ken Hines, President and CEO of Lehman Trikes. "Lehman is proud to have been a supplier to Harley-Davidson. They have been a great mentor to the company and our association has led to benefits that will far outlive the contract. We are pleased to have been associated with this program, and while disappointed, we understand their business rationale."
Julie Chichlowski, Director -- Trike Platform at Harley-Davidson, stated, "It has been a great pleasure working with Lehman Trikes on this program. They have proven to be a responsive, high quality supplier to Harley-Davidson for trikes, and we would welcome the opportunity to work with them again should we have other needs in the future. Our decision to move trike assembly is based purely on the restructuring of Harley-Davidson's York operations, which now provides the opportunity for us to build trikes in house and streamline trike assembly and distribution."
Lehman Trikes, based in Spearfish, South Dakota, is a world leader in the manufacture of turnkey trikes, conversion kits and accessories for Harley-Davidson, Victory, Honda, and Suzuki motorcycles. Last summer, Lehman Trikes unveiled their newest trike product, the "CrossBow" for the Victory Vision. "We constantly move forward at Lehman Trikes," said Ken. "By staying ahead of the growth curve in the trike industry, we continuously lead the industry by improving and developing the highest quality products for our customers."
For more information about Lehman Trikes, contact 1-888-3WHEELS or visit their website at www.lehmantrikes.com. Lehman Trikes is traded on the TSX Venture Exchange under the symbol LHT.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LEHMAN TRIKES INC.
For further information: For further information: Timothy Kling, CFO, Lehman Trikes USA, Inc., 125 Industrial Drive, Spearfish, SD, 57783, Phone: (605) 642-2111, Fax: (605) 642-1184, Trading Symbol: LHT:TSXV, Email: firstname.lastname@example.org or email@example.com, Website: www.lehmantrikes.com