PEORIA, Ill., Sept. 24, 2016 /PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) is giving a generator set, powered by one of its most
powerful engines, to St. Luke's Foundation for Haiti to aid the local hospital's work by
providing reliable electricity.
This year, Caterpillar celebrates the 35th anniversary of one of
its most powerful engines – the 3500. "While most people know
Caterpillar for our construction or mining equipment, Caterpillar
has a long history of quietly providing power and backup power for
a large variety of customers around the world," said Tana Utley, Caterpillar vice president with
responsibility for the Large Power Systems Division. "When we were
trying to decide how to celebrate this milestone for our
gold-standard engine, we wanted to do something meaningful and to
demonstrate the power of power."
Tonight at the Global Citizen Festival in New York City, Caterpillar announced that it
would be giving a 3500 generator to St. Luke's Foundation for
Haiti. St. Luke's provides
healthcare, education and dignified humanitarian outreach to the
least served populations of Haiti,
with programs that employ more than 1,000 Haitian staff
members.
St. Luke's Medical Director, Dr. Nathalie Colas, was at the Festival and spoke
about how a reliable electricity supply will ensure the
critical needs of Haiti's most
vulnerable populations can be met without interruption, and how the
lifesaving work of St. Luke's can be expanded to serve the broader
Haitian population.
Caterpillar believes that women in particular illustrate the
power of power, the power that energy has to shape families,
societies, futures and the world. According to the United Nations
(UN), "Empowering women fuels thriving economies, spurring
productivity and growth. Yet gender inequalities remain deeply
entrenched in every society." One way to address gender
inequalities is through access to energy. Girls and women are
disproportionately impacted by the lack of energy access, and that
has a significant impact on communities.
"We wanted to combine the sustainable strength of one of our
most powerful engines with another large source of sustainable
strength and power in a community: women," said Michele Sullivan, President of the Caterpillar
Foundation.
As the company works to build a stable societal infrastructure
through its products and services, the Caterpillar Foundation is
focused on building human infrastructure by investing in
organizations and policies that help to alleviate the root causes
of global poverty and put people on the path to prosperity.
Recently, the Foundation has placed an increased focus on
investments in policy, and specifically energy policy, to tackle a
root cause of poverty and create sustainable solutions.
"We believe that access to safe and reliable energy is
fundamental to disrupting the spiral of poverty," said Sullivan.
"Through investments in energy advocacy and policy with
organizations like the ONE Campaign and the UN Foundation, we're
helping empower people to rise out of poverty."
The company's gift of a Cat 3500 generator will further that
work. Manufactured in Lafayette,
Indiana, and Tianjin,
China, the Cat 3500 engine platform has been the industry
standard for heavy duty diesel and gas engines worldwide for 35
years. With more than 190,000 engines in the field and more than 3
billion operating hours in mining, rail, electric power, oil and
gas and marine applications, the 3500 exemplifies Caterpillar's
long standing commitment to technical innovation and continuous
improvement in the interest of advancing economic growth and human
progress.
"For so many, energy is life. Access to energy is fundamental to
opportunity in this age. It's the light that children study by; the
energy that allows an idea to be transformed into a real business.
It's a lifeline for families to meet their most basic needs," said
Sullivan. "We're proud that Caterpillar plays such an important
role in bringing energy to the world."
About Caterpillar
For 90 years, Caterpillar Inc. has
been making sustainable progress possible and driving positive
change on every continent. Customers turn to Caterpillar to
help them develop infrastructure, energy and natural resource
assets. With 2015 sales and revenues of $47.011 billion, Caterpillar is the world's
leading manufacturer of construction and mining equipment, diesel
and natural gas engines, industrial gas turbines and
diesel-electric locomotives. The company principally operates
through its three product segments - Construction Industries,
Resource Industries and Energy & Transportation - and also
provides financing and related services through its Financial
Products segment. For more information, visit
caterpillar.com. To connect with us on social media, visit
caterpillar.com/social-media.
About Caterpillar Foundation
Founded in 1952,
Caterpillar's philanthropic organization, the Caterpillar
Foundation has contributed more than $650
million to help make sustainable progress possible around
the world by providing program support in the areas of
environmental sustainability, access to education and basic human
needs. To learn more about the global impact of the Caterpillar
Foundation, visit www.togetherstronger.com.
Forward-looking Statements
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press release relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "project," "intend," "could," "should" or other similar
words or expressions often identify forward-looking statements. All
statements other than statements of historical fact are
forward-looking statements, including, without limitation,
statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance,
and we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) government monetary or fiscal policies
and infrastructure spending; (iii) commodity price changes,
component price increases, fluctuations in demand for our products
or significant shortages of component products; (iv) disruptions or
volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(v) political and economic risks, commercial instability and events
beyond our control in the countries in which we operate; (vi)
failure to maintain our credit ratings and potential resulting
increases to our cost of borrowing and adverse effects on our cost
of funds, liquidity, competitive position and access to capital
markets; (vii) our Financial Products segment's risks associated
with the financial services industry; (viii) changes in interest
rates or market liquidity conditions; (ix) an increase in
delinquencies, repossessions or net losses of Cat Financial's
customers; (x) new regulations or changes in financial services
regulations; (xi) a failure to realize, or a delay in realizing,
all of the anticipated benefits of our acquisitions, joint ventures
or divestitures; (xii) international trade policies and their
impact on demand for our products and our competitive position;
(xiii) our ability to develop, produce and market quality products
that meet our customers' needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (xv) failure to realize all of the anticipated benefits
from initiatives to increase our productivity, efficiency and cash
flow and to reduce costs; (xvi) additional restructuring costs or a
failure to realize anticipated savings or benefits from past or
future cost reduction actions; (xvii) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xviii) compliance with environmental laws and
regulations; (xix) alleged or actual violations of trade or
anti-corruption laws and regulations; (xx) additional tax expense
or exposure; (xxi) currency fluctuations; (xxii) our or Cat
Financial's compliance with financial covenants; (xxiii) increased
pension plan funding obligations; (xxiv) union disputes or other
employee relations issues; (xxv) significant legal proceedings,
claims, lawsuits or government investigations; (xxvi) changes in
accounting standards; (xxvii) failure or breach of IT
security; (xxviii) adverse effects of unexpected events including
natural disasters; and (xxix) other factors described in more
detail under "Item 1A. Risk Factors" in our Form 10-K filed with
the SEC on February 16, 2016 for the
year ended December 31, 2015.
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SOURCE Caterpillar Inc.