EAST
WINDSOR, N.J., April 23,
2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the
"Company"), a manufacturer of all-electric heavy construction and
farming machinery, today announced the Port Authority of
New York and New Jersey has agreed to purchase the
Company's HEVI GEL-5000 all-electric front loader. This is another
important purchase order and reflects the ongoing electrification
of key industrial and commerce centers as they target reduced costs
and increased operating efficiencies.
Raymond Wang, CEO of HEVI,
commented, "Our team is thrilled about the recent sale to the Port
Authority of New York and
New Jersey. This milestone isn't
just strategically significant; it's also a testament to our
capabilities and a major victory. It highlights the growing
momentum behind our electric industrial vehicles. This year marks a
crucial phase where we're focused on capitalizing on our vehicle
assets and significantly expanding our sales now that our
manufacturing, assembly, and sales infrastructure are fully
operational. Our confidence in our future prospects is stronger
than ever. We believe we're on the cusp of a significant shift,
where large organizations like the Port Authority recognize the
undeniable value we offer in helping them achieve their
sustainability objectives, while simultaneously cutting down on
total ownership costs and maintenance for their industrial
equipment."
The Port Authority of New York
and New Jersey (the "Port
Authority") is a bi-state agency that builds, operates, and
maintains many of the most important transportation and trade
infrastructure assets in the country. For over a century, the
agency's network of major airports; critical bridges, tunnels and
bus terminals; a commuter rail line; and the busiest seaport on the
East Coast has been among the most vital in the country –
transporting hundreds of millions of people and moving essential
goods into and out of the region. The Port Authority also owns and
manages the 16-acre World Trade Center campus, which today welcomes
tens of thousands of office workers and millions of annual
visitors. The agency's historic $37
billion 10-year capital plan includes unprecedented
transformation of the region's three major airports – LaGuardia,
Newark Liberty and JFK – as well as an array of other new and
upgraded assets, including the $2
billion renovation of the 90-year-old George Washington Bridge. The Port Authority's
annual budget of $8 billion includes
no tax revenue from either the states of New York or New
Jersey or from the City of New
York. The agency raises the necessary funds for the
improvement, construction or acquisition of its facilities
primarily on its own credit. For more information, visit
www.panynj.gov or check out the Now Arriving blog.
The HEVI GEL-5000 was purpose-designed to not only improve
working conditions for operators but also significantly reduce the
cost of ownership. The HEVI GEL-5000 is a 5.0 ton rated load
all-electric lithium wheeled front loader that boasts strong power,
approximately 40,000 pounds operating weight and increased payload
options, making it a clean, green front loader with 9 hours of
operation time per charge. The all electric front loader sets new
standards, offering operators numerous advantages, such as
simplicity in maintenance, zero operating emissions, and an
enhanced overall experience, making it ideal for both indoor and
outdoor usage, including construction, mining, agriculture,
industrial, urban construction, waste management, property
management and more. Customers can learn more about the HEVI
GEL-5000 Electric Wheel Front Loader or schedule a demo at
www.gethevi.com.
About HEVI Corporation
HEVI is a developer and manufacturer of sustainable heavy
machinery such as all-electric heavy construction and farm
machinery. The Company is a wholly owned subsidiary of Greenland
Technologies Holding Corporation (Nasdaq: GTEC). Information on the
Company's clean industrial heavy equipment can be found at HEVI at
HEVI Corp.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect HEVI's
current views with respect to future events and are subject to such
risks and uncertainties, many of which are beyond the control of
HEVI, including those set forth in the Risk Factors section of
Greenland's Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission
("SEC"). Copies are available on the SEC's website, www.sec.gov.
Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, HEVI's expectations with respect to future performance
and ability to deliver its HEVI GEL-5000 all-electric front loader
as anticipated. In addition, there is uncertainty about the further
spread of the COVID-19 virus or the occurrence of another wave of
cases and the impact it may have on the Company's operations, the
demand for the Company's products, global supply chains and
economic activity in general. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated or expected. Statements contained in this news release
regarding past trends or activities should not be taken as a
representation that such trends or activities will continue in the
future. HEVI does not intend and does not assume any obligation to
update these forward-looking statements, other than as required by
law.
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SOURCE Greenland Technologies Holding Corporation