Feb 9 2010
Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts specialized trailers and special mission oriented vehicles, today announced receipt of three orders valued at $4.0 million for shipment during the first half of 2010. Approximately $2.8 million of the total is for the Company's specialized military forklift products, and $1.2 million is for the Company's Badger rough terrain and truck cranes.
Mark Aldrovandi, who is responsible for Manitex Liftking's international and military forklift sector, commented, "This $2.8 million in new orders for specialized forklifts are repeat orders from the United States military, a customer that values the high quality specialized products, support and service that the Manitex Liftking organization provides them. These forklifts are due for shipment at the end of the second quarter of 2010 and we are hopeful that our ongoing efforts to support the military and other international organizations with their specific requirements around the globe will result in further orders in due course."
Scott Rolston, Senior Vice President, Sales And Marketing, Manitex International, commented, "We are very pleased with the continued success of Badger, not only with the new rough terrain crane but also with the Little Giant range of truck cranes. Our efforts since the acquisition, in July 2009, have focused on the successful launch of the new rough terrain crane and leveraging marketing and distribution channels across the whole crane division wherever possible, and we believe we are making good progress in this area. These new orders for $1.2 million are testament to the strength of the Badger product in providing superior return on investment for our targeted customers, in this instance in the rail and power generation sectors. We hope that our ongoing product development and sales and marketing initiatives continue to generate opportunities in these and our other business sectors both domestically and internationally."
Source: http://www.manitexinternational.com