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Manitex International, Inc. Announces Launch of New 70-Ton Crane. New TC700 Pushes Manitex Crane Capacity Higher. Differentiated Offering Is First 70-Ton Built on Standard Truck Chassis.

Posted: Mon May 6, 2013
Bridgeview, IL, May 6th, 2013
Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered 
lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented 
vehicles, container handling equipment and specialized engineered trailers today announced the official launch of 
the Company’s highest-capacity crane to date, the Manitex TC700. This innovative new product marks the 
Company’s entry into the higher capacity global truck crane market with a lower cost product on a standard truck 
chassis. The launch is being held today at the Manitex 25th Anniversary Dealer Appreciation Event at the 
Company's headquarters in Georgetown, Texas. Initial orders from several dealers have been received and 
deliveries are expected to commence in the second half of 2013. 
Paul Gibson, General Manager for the Company’s Manitex Inc. subsidiary said, "The TC700 is our most 
technologically advanced crane to date, with features that enable greater efficiency and comfort to the operator, 
allows the final customer to select a commercial chassis, and ultimately offers very attractive economics to the 
dealer. Developed collaboratively with our launch customers, the Manitex TC700 is targeted to address specific 
applications as well as the continuing general demand for higher capacity cranes, and with a global market 
estimate of 1500 units per year, we see an opportunity here for a highly successful new product launch.” 

The CE-compliant TC700 was designed for global markets, and can be configured to mount on trucks 
manufactured around the globe with 12 or 24 volt electrical systems. The sub frame of the machine is designed to 
be compatible with varying truck chassis rails and widths, enabling the crane to be shipped internationally and 
installed on locally manufactured 8x4 chassis. Five- and six-axle factory installed configurations will be available 
to the North American market. Additional features of the new TC700 include: 

· 70-ton capacity at 8 ft. radius 
· 115 ft. (38.1m) main boom length 
· 185 ft. (56.4m) maximum tip height with optional 2-piece jib 
· 15,000 lbs. (6804 kg) bare drum line pull rating 
· Optional lattice jib base with offsets of 0° / 20° / 40° 
· CE Compliant 

David Langevin, Chairman and CEO of Manitex International commented, “We are very proud of the innovation 
that has come from our Manitex team, as we have again introduced a product that provides dealers with an 
opportunity to significantly increase their ROI on the cranes they sell. This is the largest crane we have ever built, 
and we expect a healthy dealer demand across a multitude of geographies and industrial groups, building upon 
the launch excitement we have already seen. We continue to push the lifting limits higher for cranes on a 
commercial chassis where we can compete very effectively against more expensive truck cranes. Our analysis of 
the market for cranes with this lifting capacity suggests that this product has the potential to be one of our most 
successful product platforms within the next several years.”  

 

 

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