Vermeer Launches Equipment Registration Program with NER to Combat Equipment Theft

JERSEY CITY, N.J., June 13, 2012 – National Equipment Register (NER), a leading source of information about equipment theft risk, today announced a data sharing arrangement with Vermeer Corporation to help Vermeer customers combat equipment theft. NER is a division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK).

NER operates a national database of equipment theft and ownership reports to help law enforcement identify the owners of equipment suspected to be stolen. Through the database, more than 45 million pieces of stolen equipment have been recovered. By registering all new underground utility installation, tree care, and agricultural equipment as well as providing a historical download of equipment manufactured over the last 20 years on NER’s HELPtech® database, Vermeer is offering a valuable service to its clients. This arrangement will enhance the likelihood that law enforcement can quickly identify the true owner of a Vermeer machine 24 hours a day. HELPtech registration decals further mitigate risk through deterring theft.

“We believe that this relationship is one more way to serve our Vermeer customers better,” stated Lois Slings, product liability risk manager at Vermeer.

“By providing new point-of-sale data and the historical download of equipment sold, Vermeeer has taken a proactive step to help its clients protect their assets,” added Ryan Shepherd, operations manager at NER. “Because of this step, it just became a riskier proposition for criminals to steal or try to sell stolen Vermeer equipment in the used market.“

About National Equipment Register
A division of the Verisk Crime Analytics unit at Verisk Analytics (Nasdaq:VRSK), National Equipment Register (NER) helps equipment owners manage equipment risks. Since 2001, NER has helped thousands of equipment owners and their insurers deter theft and has enabled law enforcement to recover millions of dollars of stolen equipment through HELPtech®, a national equipment marking and registration program. In 2009, NER launched IRONcheck®, a machine-history search for used-equipment buyers. In 2011, NER launched IRONwatchTM, a no-monthly-fee GPS tracking and recovery device for mobile assets. NER’s data management skills and equipment expertise are also used by fleets to support compliance with new regulations. For more information, contact NER at 201-469-2030 or at info@nerusa.com. You can visit the NER website at www.NER.net.

About Vermeer Corporation
Vermeer Corporation of Pella, Iowa, U.S.A., manufactures a full line of tub and horizontal grinders, brush chippers, stump cutters and tree spades, as well as horizontal directional drilling systems, mini skid steers, utility and track trenchers and agricultural products. Vermeer offers worldwide sales, support, service and parts through an independent, authorized dealer network.

Release: Immediate

Contact:

Giuseppe Barone
MWW Group (for ISO)
201-507-9500
gbarone@mww.com

Erica Helton
MWW Group (for ISO)
201-507-9500
ehelton@mww.com