MUNICH, April 8, 2019 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) is showcasing more equipment, technology and
services than ever before at bauma 2019, the world's largest
construction industry trade show in Munich, Germany. The expansive Caterpillar
display features diverse product lines with new offerings, as well
as an interactive display of the company's enhanced services.
"Cat® construction machines are available with more
automation, integrated technology and digital solutions that enable
customers to focus on their most important task: running their
businesses," said Caterpillar's Construction Industries Group
President Ramin Younessi. "We are
working to significantly decrease owning and operating costs while
increasing power density and the use of alternative fuels,
maximizing the efficiency of power systems, and expanding
electrification in our product lines. We want to ensure our
customers are successful with Caterpillar solutions."
Caterpillar's new technologies build upon decades-long
experience in automation, technological development and
electrification. Electrification allows customers to respond to
more stringent emission and noise standards.
Caterpillar's exhibit at bauma includes:
- Next Generation Cat machines offering functions such as GRADE,
PAYLOAD, DETECT and COMMAND that maximize production, reduce costs
and improve safety.
- The world's first high-drive electric drive dozer, the D6 XE;
offering up to 35 percent better fuel efficiency than its D6T
predecessor.
- A concept 906 fully electric zero-emission compact wheel
loader, powered by a lithium-ion battery with an electric
drivetrain.
- The 988K XE, Caterpillar's first
diesel/electric-drive wheel loader, which dramatically improves
fuel efficiency and productivity.
- Eight new Cat Next Generation mini hydraulic excavator models
designed to provide customers exceptional performance, versatility,
affordability, safety, and operator convenience by adding
industry-first standard features such as joystick steering (Stick
Steer) for 1-to-10-ton class machines.
- Three new Cat Next Generation excavators, including the 330 and
336, are equipped with integrated Cat technology that can increase
operating efficiency up to 45 percent, compared with conventional
grading operations, and can enhance fuel efficiency as much as 20
percent, compared with predecessor models.
"Beyond core product offerings, customers also have a choice of
services that best fit their individual needs and budgets," said
Damien Giraud, vice president of
Global Aftermarket Solutions Division. "Services range from new
aftermarket products to service agreements, and full-fleet tracking
through the new Cat® App, the industry's first mobile app designed
to track critical machine operating data from the field."
In total, Caterpillar is displaying 64 machines, 20 of them new
introductions, a large selection of work tools and a full slate of
dealer-delivered support services. Together, Caterpillar and German
dealer Zeppelin Cat have approximately 13,000 square meters of
exhibit space at bauma 2019.
About Caterpillar
For more than 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 2018 sales and revenues of $54.722 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 primary 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 speak only as of the date they are made, 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) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
additional restructuring costs or a failure to realize anticipated
savings or benefits from past or future cost reduction actions; (x)
failure to realize all of the anticipated benefits from initiatives
to increase our productivity, efficiency and cash flow and to
reduce costs; (xi) inventory management decisions and sourcing
practices of our dealers and our OEM customers; (xii) a failure to
realize, or a delay in realizing, all of the anticipated benefits
of our acquisitions, joint ventures or divestitures; (xiii) union
disputes or other employee relations issues; (xiv) adverse effects
of unexpected events including natural disasters; (xv) disruptions
or volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(xvi) 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; (xvii) our Financial Products segment's risks
associated with the financial services industry; (xviii) changes in
interest rates or market liquidity conditions; (xix) an increase in
delinquencies, repossessions or net losses of Cat Financial's
customers; (xx) currency fluctuations; (xxi) our or Cat Financial's
compliance with financial and other restrictive covenants in debt
agreements; (xxii) increased pension plan funding obligations;
(xxiii) alleged or actual violations of trade or anti-corruption
laws and regulations; (xxiv) additional tax expense or exposure,
including the impact of U.S. tax reform; (xxv) significant legal
proceedings, claims, lawsuits or government investigations; (xxvi)
new regulations or changes in financial services regulations;
(xxvii) compliance with environmental laws and regulations; and
(xxviii) other factors described in more detail in Caterpillar's
Forms 10-Q, 10-K and other filings with the Securities and Exchange
Commission.
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SOURCE Caterpillar Inc.