Boom Truck offers 50 ton capacity on commercial chassis.
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Press Release Summary:
Featuring crane with base rating of 50 tons at 6 ft radius, truck meets published road and federal bridge laws when configured with tag axle in addition to tandem driving axle. Other features include 4-section, 96 ft boom; free swing with pilot operated controls; ACCUSwing metering system; ROCSolid radio outrigger control; and CANbus Load Moment Indicator with wireless ATB. Area of operation includes over rear, 360°, and on rubber capacity.
Original Press Release:
Veri-Tek International, Corp. Lifting Equipment Segment Ships Market Leading Boom Truck
BRIDGEVIEW, Ill., May 7 -- Veri-Tek International, Corp. (AMEX:VCC) ("Veri-Tek" or the "Company") today announced that its Lifting Equipment segment had successfully completed field trials and customer acceptance tests of its market leading 50 ton Boom truck, and will make the first shipments to customers in May. The Company believes this is the first such vehicle available on a commercial chassis. This product introduction reinforces the Company's Lifting Equipment Segment operation, Manitex Inc. as a market leader in the boom truck segment and as the sole manufacturer to provide this lifting capability in this tonnage range.
Veri-Tek President and Chief Operating Officer, Andrew Rooke, commented, "The first delivery of a 50 ton boom truck establishes a benchmark for the industry. This demonstrates Manitex's continuing commitment to providing our customers with innovative and robust solutions to their mobile lifting requirements on which they can generate superior returns on their investment."
Manitex completed testing of the first 50 ton boom truck available on a commercially available chassis in April. The crane has a base rating of 50 tons at a 6' radius, a rating 25% above currently produced boom trucks, and meets published road and federal bridge laws when configured with a tag axle in addition to a tandem driving axle.
The Company has received a high level of interest from a wide range of end users, including rental companies, taxi crane operators, oil and gas service operators, and service support providers in the mining industry. The versatility of the crane is demonstrated by its cross over use into lifting markets traditionally supported by truck cranes mounted on custom carriers. Based on its internal research, the Company believes it is addressing a $100 million market with this vehicle.
Scott Rolston, General Manager of Manitex Inc. commented, "We believe that we have set new standards for the boom truck market with this product and are excited by our customer's response to its introduction. We have worked closely with customers to design a truck that meets and exceeds their needs at this tonnage capacity."
50 ton Boom Truck Technical features:
-- Capacity charts are available for full-span, mid-span and retracted outrigger configurations.
-- Area of operation includes over rear, 360 degree and on rubber capacity.
-- Standard features include 4-section 96' boom, cab and heater, free swing with pilot operated controls, ACCUSwing metering system, ROCSolid radio outrigger control, CANbus Load Moment Indicator with wireless ATB, 15,000# line pull winch with grooved drum and aluminum decking.
-- Optional features include 2-stage, offset jib, auxiliary winch and air conditioner for operator's cab.
About Veri-Tek International, Corp.
Veri-Tek is a leading provider of engineered lifting solutions including boom truck cranes, rough terrain forklifts and special mission oriented vehicles. Our Manitex subsidiary markets a comprehensive line of boom trucks and sign cranes. Our boom trucks and crane products are primarily used for industrial projects, energy exploration and infrastructure development, including roads, bridges and commercial construction. The Manitex Liftking subsidiary sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. Manitex Liftking's rough terrain forklifts are used in both commercial and military applications.
On March 29, 2007, our Board of Directors approved a plan to sell our Testing & Assembly Equipment segment in order to focus management's attention and financial resources on our Lifting Equipment segment.
CONTACT: Gary Marron of Veri-Tek International, Corp., +1-708-237-2080
