![]() ![]() Lithium-ion battery (LiB) technology represents the next generation of forklift efficiency, and experts say that LiB market share in electric forklifts will grow significantly over the next five years. It is estimated that lead acid batteries power 90 percent of electric forklifts in operation.īut a new player has emerged on the scene in recent years and is revolutionizing the way some companies do business. Lead acid batteries have been a capable solution for years, and they continue to dominate the market today. Electric forklifts now make up 70 percent of total sales, and with increasing demand for electric power comes a need to provide a solution that provides all of the benefit of IC without a loss in productivity. For more information, please refer to risk factors discussed in Company's periodic filings with the SEC.As environmental concerns and fluctuating oil prices continue to push consumers toward alternatives to traditional internal combustion (IC) engines, forklift operations have increasingly looked toward electric vehicle solutions over the last decade.Ĭustomers are now buying far more electric forklifts than those powered by IC engines. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by the Company. In addition, projections, assumptions and estimates of its future performance and the future performance of the industries in which it operates are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. The Company has not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, it cannot guarantee their accuracy or completeness. This data involves several assumptions and limitations, and you are cautioned not to give undue weight to such estimates. ![]() This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other industry data. The Company assumes no obligation to update any forward-looking statements after the date of this presentation. Also, these forward-looking statements represent the Company's estimates and assumptions only as of the date of this presentation. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "aims," "predicts," "potential," "seeks," attempts," "poised" or "continues" or the negative of these terms or These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. All statements other than statements of historical fact contained in this presentation, including statements as to the Company's future results of operations and financial position, planned products and services, business strategy and plans and objectives of management for future operations, are forward-looking statements. This presentation contains forward-looking statements.
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