LAS VEGAS, Sept. 26, 2016 /PRNewswire/ -- At MINExpo
International, Caterpillar Inc. (NYSE: CAT) will demonstrate its
focus on new technologies, innovations and solutions that help its
mining customers succeed in a challenging environment. The MINExpo
exhibit unveiled today highlights Caterpillar's rapid advances in
leveraging technology and data to improve miners' productivity and
efficiency.
"Caterpillar's commitment to mining and our mining customers is
unwavering," said Caterpillar Chairman and Chief Executive Officer
Doug Oberhelman. "Our customers are
our partners. We provide solutions far beyond the iron – including
technology, data analytics and automation to deliver the
efficiencies they expect and need. We are confident about the
future of mining and remaining the leader in helping our customers
succeed."
Caterpillar will showcase machines – for both surface and
underground mining – in its MINExpo exhibit. The company also has
dedicated areas focused on technology, data analytics, equipment
life-cycle management and the global Cat® dealer network. In this
age of smart iron, technology, data and automation are transforming
the mining industry and changing the way mine sites operate.
Caterpillar's technology and solutions offerings provide the vital
data and analytics necessary to optimize customer operational
costs.
"Over the past three decades, we've evolved with our mining
customers to design and manufacture mining products that are
productive, innovative and reliable," said Denise Johnson, Caterpillar group president with
responsibility for Resource Industries and MINExpo 2016 chair.
"We've continued to make significant investments in research and
development that we expect will bring increased productivity and
efficiency to our customers. We're committed to developing and
bringing new solutions to customers such as our new hard rock
cutting technologies, which will disrupt traditional hard rock
mining practices, our ability to offer scalable automation of
complex machine functions and much more."
Caterpillar exhibit highlights:
- The 52,000 square foot exhibit will feature surface and
underground mining equipment and displays.
- Autonomous offerings for trucks, dozers, drills and underground
loaders will highlight the impact they can have on efficiency,
safety and productivity.
- A large area of the show floor will be dedicated to the
equipment management life cycle, including parts, repair, retrofit
and rebuild options. This area will also provide discussion areas
for Cat Solutions and Cat Financial, as well as our Electric Power
offerings and microgrid power solutions.
- Caterpillar will show how the company is taking data, and
combining it with its knowledge to deliver real results to the
customer.
- Interactive features include several types of machine
simulators and a virtual reality safety experience.
MINExpo 2016 marks the first time
a Caterpillar executive has chaired the world's largest mining
equipment exhibition. The show runs Monday,
September 26, through Wednesday,
September 28. Around 80 different Cat dealers are
represented at the show. Hundreds of dealer personnel and
Caterpillar employees will host approximately 2,000 customers and
business partners during MINExpo, which is held only once every
four years. Visit www.CatMiningExperience.com to learn more
about Caterpillar's exhibit at MINExpo.
About Caterpillar
For 90 years, Caterpillar Inc. has
been making sustainable progress possible and driving positive
change on every continent. Customers turn to Caterpillar to help
them develop infrastructure, energy and natural resource assets.
With 2015 sales and revenues of $47.011
billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. The
company principally operates through its three product segments -
Construction Industries, Resource Industries and Energy &
Transportation - and also provides financing and related services
through its Financial Products segment. For more information,
visit caterpillar.com. To connect with us on social media,
visit caterpillar.com/social-media.
Forward-looking Statements
Certain statements in this
press release relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "project," "intend," "could," "should" or other similar
words or expressions often identify forward-looking statements. All
statements other than statements of historical fact are
forward-looking statements, including, without limitation,
statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance,
and we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) government monetary or fiscal policies
and infrastructure spending; (iii) commodity price changes,
component price increases, fluctuations in demand for our products
or significant shortages of component products; (iv) disruptions or
volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(v) political and economic risks, commercial instability and events
beyond our control in the countries in which we operate; (vi)
failure to maintain our credit ratings and potential resulting
increases to our cost of borrowing and adverse effects on our cost
of funds, liquidity, competitive position and access to capital
markets; (vii) our Financial Products segment's risks associated
with the financial services industry; (viii) changes in interest
rates or market liquidity conditions; (ix) an increase in
delinquencies, repossessions or net losses of Cat Financial's
customers; (x) new regulations or changes in financial services
regulations; (xi) a failure to realize, or a delay in realizing,
all of the anticipated benefits of our acquisitions, joint ventures
or divestitures; (xii) international trade policies and their
impact on demand for our products and our competitive position;
(xiii) our ability to develop, produce and market quality products
that meet our customers' needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (xv) failure to realize all of the anticipated benefits
from initiatives to increase our productivity, efficiency and cash
flow and to reduce costs; (xvi) additional restructuring costs or a
failure to realize anticipated savings or benefits from past or
future cost reduction actions; (xvii) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xviii) compliance with environmental laws and
regulations; (xix) alleged or actual violations of trade or
anti-corruption laws and regulations; (xx) additional tax expense
or exposure; (xxi) currency fluctuations; (xxii) our or Cat
Financial's compliance with financial covenants; (xxiii) increased
pension plan funding obligations; (xxiv) union disputes or other
employee relations issues; (xxv) significant legal proceedings,
claims, lawsuits or government investigations; (xxvi) changes in
accounting standards; (xxvii) failure or breach of IT security;
(xxviii) adverse effects of unexpected events including natural
disasters; and (xxix) other factors described in more detail under
"Item 1A. Risk Factors" in our Form 10-K filed with the SEC on
February 16, 2016 for the year ended
December 31, 2015.
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SOURCE Caterpillar Inc.