GARNER, Iowa (January 7, 2015) – Iowa Mold Tooling Co. Inc. (IMT), an Oshkosh Corporation company (NYSE:OSK), is pleased to announce that IMT TireHand tire manipulators are featured on a new series of heavy-duty Hyster Company tire handling trucks. The new Hyster® tire handlers with IMT TireHand attachments offer “total tire handling solutions” that help maximize equipment uptime, and promote operational safety in the mining, ports and intermodal industries.
The versatile new line of Hyster tire handlers includes 14 models with IMT TireHand tire manipulators. Eight IMT TireHand-equipped units are integral configurations ranging from 5,000 to 36,000 pounds of capacity for dedicated tire handling. The other six have hang-on quick connect IMT TireHand attachments for flexible transition between tire handling and forklift modes. Featuring a full range of tire handling capacities from 5,000 to 36,000 pounds, the new Hyster® dual-function trucks with IMT TireHand tire manipulators can be reconfigured within an hour.
IMT has collaborated on the new tire handling solutions with Hyster Company. The collaboration combines the industry-leading strengths of IMT TireHand tire manipulators and Hyster® lift trucks into one vehicle package. This IMT and Hyster combination provides customers with efficient tire handling performance, lower total cost of ownership, easier on-site installation and assembly, and excellent all-around visibility.
“Maximizing equipment uptime is critical to customer success in the mining industry and other demanding applications,” said John Field, product manager of material handling at IMT. “Hyster® units optimized with IMT TireHand tire manipulators will provide customers faster and more cost-effective service of heavy-duty tires, increasing productivity and profitability. With our hang-on quick connect TireHand attachments, Hyster® dual-function trucks can reduce the number of specialized service vehicles needed in a fleet and lower operating costs.”
IMT TireHand tire manipulators are designed to maximize productivity and improve operator safety. Key features include:
Featuring a “plug-and-play” system, Hyster® tire handlers with IMT TireHand tire manipulators can be simply installed and assembled on-site. They offer efficient body and pad rotation for proper positioning of tires and wheel assemblies. Optimized flow settings with fully calibrated hydraulics provide greater handling performance. Hyster® trucks with IMT TireHand attachments are designed for all-around visibility of tire grab pads, fallback arms and wheel assemblies while providing enhanced rearward visibility. A two-stage mast offers exceptional visibility of the tire handling application.
At rated capacities, the new Hyster® tire handler trucks with IMT TireHand tire manipulators are sized to provide tire handling solutions while consuming less fuel. This results in lower acquisition costs and lower long-term operating costs.
“With their performance and flexibility, IMT TireHand tire manipulators are a perfect complement to dependable Hyster® lift trucks,” Field said. “We’re proud to collaborate with Hyster Company to offer customers one of the industry’s most optimized tire handling solutions.”
For more information on the new line of Hyster® tire handlers with IMT TireHand attachments, contact the nearest Hyster dealer or IMT distributor. For more information on IMT, visit www.imt.com or call 800-247-5958. IMT is on Facebook at www.facebook.com/iowamoldtooling and YouTube at www.youtube.com/iowamoldtooling.
About IMT
Iowa Mold Tooling Co., Inc., an Oshkosh Corporation [NYSE: OSK] company, began in 1961 as a business providing new tread designs for recapping tires. The company has grown to become the leading manufacturer and supplier of service vehicles, cranes, hydraulic loaders and air compressors for tire, mining, construction, material handling and utility markets around the world. For more information, visit www.imt.com.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®,McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, please visit www.oshkoshcorporation.com.
®, TM All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
About Hyster Company
Based in Greenville, N.C., Hyster Company (www.hyster.com) is a leading world-wide lift truck designer and manufacturer. Hyster Company offers 130 models configured for gasoline, LPG, diesel and electric power, with the widest capacity range in the industry — from 2,000 to 105,000 lbs. Supported by one of the industry’s largest and most experienced dealer networks, Hyster Company builds tough, durable lift trucks that deliver high productivity, low total cost of ownership, easy serviceability and advanced ergonomic features; accompanied by outstanding parts, service and training support.
Hyster Company is part of NACCO Materials Handling Group (NMHG), a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, and its subsidiaries employ approximately 5,200 people world-wide.
Hyster and are registered trademarks of Hyster Company.
Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which are particularly impacted by the strength of U.S. and European economies; the strength of emerging market growth and projected adoption rates of work at height machinery; the expected level and timing of DoD and international defense customer procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy, including the Company’s ability to successfully manage the cost reductions required as a result of lower customer orders in the defense segment; the Company’s ability to win a U.S. JLTV production contract award and international defense contract awards; the Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs, particularly in a sustained economic recovery; risks related to facilities consolidation and alignment, including the amounts of related costs and charges and that anticipated cost savings may not be achieved; global economic uncertainty, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than Company or equity market expectations; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production or shipment delays arising from quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; cyber security risks and costs of defending against, mitigating and responding to a data security breach; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.