Hyster Yale Materials Ha... (NYSE:HY)
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6 Months : From Apr 2019 to Oct 2019
MILTON, Ga., May 14, 2019 /PRNewswire/ -- GNB Industrial Power, a division of Exide Technologies (www.exide.com), today announced that Hyster-Yale Group has certified the use of GNB® LiFTFORCE LPX™ lithium ion batteries in its Class 1 sit down counterbalance Hyster® and Yale® lift trucks.
For more than 20 years, Hyster-Yale Group and GNB Industrial Power have collaborated to provide quality lead acid batteries for materials handling equipment. The addition of the GNB LiftForce batteries enables Hyster-Yale Group to provide a comprehensive offering of battery solutions to their dealer network for electric counterbalanced rider lift trucks with a 1 ton – 5.5 ton weight capacity.
"Our dealers continue to see an increased market demand for lithium-ion battery options for lift trucks," said Steven LaFevers, Vice President, Motive Power & Telematics. Hyster-Yale Group. "The addition of the LiftForce LPX battery as a plug and play solution for our Class 1 counterbalanced lift trucks will help us meet the evolving needs of the customers our dealer network serves."
"We are pleased to receive this certification and the opportunity to expand our strong and long-standing relationship with Hyster-Yale Group that historically has included lead acid motive power batteries for their lift trucks," said Matt Gould, Vice President, Marketing and Sales, GNB Industrial Power. "With the addition of lithium-ion, we are now a full-service option for motive power battery solutions for their growing dealer network."
With benefits that include streamlined operations, reduced downtime, and lower total cost of ownership, GNB LiFTFORCE LPX is an ideal solution for large distribution centers and companies that run heavy-duty or multiple shifts looking to lower their operational costs. The LiFTFORCE LPX can charge up to 8 times faster than a traditional lead acid battery, which allows 24/7 forklift operation using the same battery with only short bursts of recharging needed while workers are on breaks. These batteries also have lower maintenance requirements due to the eliminated need for watering.
To learn more about GNB Industrial Power Solutions, visit www.exide.com or locate a local Hyster dealer or Yale dealer.
About Exide Technologies
Exide Technologies (www.exide.com) is a global provider of stored electrical-energy solutions for the transportation and industrial markets. Exide's 130 years of technology innovation combined with operations in more than 80 countries enables the company to deliver compelling solutions for the world's current and future power needs. Exide produces and recycles a broad range of products, serving the Transportation, Network Power and Motive Power market segments with battery and energy storage systems and specialty applications for a broad range of industries including: agricultural, automotive, electric, light and heavy-duty truck, marine, materials handling, military, mining, powersport, railroad, security, telecommunications, utility and uninterruptible power supply (UPS), among others. Exide is Powering the World Forward - history and scale combined with a start-up mentality make Exide the right choice for customers who want more than simply a battery supplier.
About Hyster-Yale Group
Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale Group include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names. Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 7,700 people worldwide.
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SOURCE Exide Technologies