Manitex International Announces Launch of the ECSY-Electric Crane System

By: Manitex International, Inc. via Business Wire

March 10, 2023 at 07:00 AM EST

Manitex International, Inc. (NASDAQ: MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today announced the launch of the ECSY-Electric Crane System in conjunction with opening day of CONEXPO-Las Vegas.

ECSY-Electric Crane System is ideal for lifting applications in low noise and emissions-sensitive applications. It features a self-contained pin on design with a 480-volt electric motor and variable displacement hydraulic pump supplying power to the crane. It is highly effective for jobs requiring the crane to remain on site for extended periods and runs off local power.

“Manitex is pleased to launch the first of its kind electric crane, yet another example of the industry-leading innovation that Manitex brings to market,” stated Jeff Long, General Manager Sales of Manitex. “The voice of the customer played a critical role in bringing this new and exciting optional module for the Manitex TC series cranes to market. The ECSY is designed to be easily moved from one crane to another in rental fleets that are equipped with the “ECSY Ready” package.”

Hunter Smith, Rental Manager for Rush Crane & Refuse Systems commented, “We at Rush Crane Systems believe that the ECSY product line will enable our customers to get the most out of their crane while having a positive impact on the environment. This is only the first step in our fleet transition, and with an innovative long-term partner like Manitex, we are very optimistic for the future of electrification in our industry.”

“At Manitex, we continue to listen to our dealers and end-users as we develop new, higher capacity cranes that are ideally suited for a wide variety of end market applications, concluded Long. “Manitex is committed to bringing new, more efficient practical innovations to the global market to meet the growing needs of an evolving market and the introduction of ECSY is an important step in this evolution.”

ABOUT MANITEX INTERNATIONAL

Manitex International is a leading provider of mobile truck cranes, industrial lifting solutions, aerial work platforms, construction equipment and rental solutions that serve general construction, crane companies, and heavy industry. The company engineers and manufactures its products in North America and Europe, distributing through independent dealers worldwide. Our brands include Manitex, PM, Oil & Steel, Valla, and Rabern Rentals.

FORWARD-LOOKING STATEMENTS

Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company's expected results of operations or liquidity; statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results and future economic performance; and statements of management's goals and objectives and other similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "will," "should," "could," and similar expressions. Such statements are based on current plans, estimates and expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. These factors and additional information are discussed in the Company's filings with the Securities and Exchange Commission and statements in this release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot guarantee future results. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.