Alta Equipment Group Announces Innovate 21 Event
October 05 2021 - 8:00AM
Business Wire
- Showcasing innovations in robotics, automation, electrification
and energy solutions
- Featuring the new Nikola Tre, Class 8, Battery-Electric Vehicle
(BEV)
Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) has announced
its upcoming Innovate 21 conference at Gillette Stadium in Foxboro,
MA on October 14, 2021. Innovate 21 is an industry conference
organized by Alta Material Handling, designed to showcase the
latest innovations in robotics, automation, electrification and
energy solutions coming out of the company’s material handling
business. The event will feature the Nikola Tre BEV, the first
product offering of the Alta Commercial Electric Vehicle
segment.
Alta is Nikola’s exclusive authorized dealer for Class 8
BEV/FCEV trucks in the NY, NJ, eastern PA and New England markets.
The Tre BEV, Nikola’s first battery-electric vehicle is scheduled
to begin large scale production at the end of Q1 2022. The unit
will house a 753kwh battery pack and will travel up to 350 miles
per charge and has a charge time of approximately 120-minutes.
“Our theme for Innovate is Delivering Tomorrow’s Promise,
Today.” said Alan Hammersley, President, Alta Material Handling,
“The innovative technology of the Nikola Tre BEV is a great example
of how our key partners are helping us demonstrate just that at the
event.”
“We are excited to have Nikola participate at Innovate 21 and
that the Nikola Tre BEV will also be on display at our event.”
said, Ryan Greenawalt, Chief Executive Officer of Alta, “This will
allow customers to get a firsthand look at the first of several
Nikola electric vehicles that will eventually become a part of
Alta’s equipment portfolio.”
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment
dealership platforms in the U.S. Through its branch network, the
Company sells, rents, and provides parts and service support for
several categories of specialized equipment, including lift trucks
and aerial work platforms, cranes, earthmoving equipment and other
industrial and construction equipment. Alta has operated as an
equipment dealership for 37 years and has developed a branch
network that includes over 55 total locations across Michigan,
Illinois, Indiana, New England, New York, Virginia and Florida.
Alta offers its customers a one-stop-shop for most of their
equipment needs by providing sales, parts, service, and rental
functions under one roof. More information can be found at
www.altg.com.
Forward Looking Statements
This presentation includes certain statements that may
constitute “forward-looking statements” for purposes of the federal
securities laws. Forward-looking statements include, but are not
limited to, statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions. The words “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intends,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements may include, for example, statements about: our future
financial performance; our plans for expansion and acquisitions;
and changes in our strategy, future operations, financial position,
estimated revenues, and losses, projected costs, prospects, plans
and objectives of management. These forward-looking statements are
based on information available as of the date of this presentation,
and current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties. Accordingly,
forward-looking statements should not be relied upon as
representing the parties’ views as of any subsequent date, and we
do not undertake any obligation to update forward-looking
statements to reflect events or circumstances after the date they
were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities
laws. You should not place undue reliance on these forward-looking
statements. As a result of a number of known and unknown risks and
uncertainties, actual results or performance may be materially
different from those expressed or implied by these forward-looking
statements. Some factors that could cause actual results to differ
include, but are not limited to: (1) the outcome of any legal
proceedings that may be instituted against us relating to the
business combination and related transactions; (2) the ability to
maintain our listing of shares of common stock on the New York
Stock Exchange; (3) the risk that integrating our acquisitions
disrupts our current plans and operations; (4) the ability to
recognize the anticipated benefits of our business combination and
acquisitions, which may be affected by, among other things,
competition, our ability to grow and manage growth profitably, our
ability to maintain relationships with customers and suppliers and
retain our management and key employees; (5) changes in applicable
laws or regulations; (6) the possibility that we may be adversely
affected by other economic, business, and/or competitive factors;
(7) disruptions in the political, regulatory, economic and social
conditions domestically or internationally; (8) major public health
issues, such as an outbreak of a pandemic or epidemic (such as the
novel coronavirus COVID-19), which could cause disruptions in our
operations, supply chain, or workforce; and (9) and other risks and
uncertainties identified in this presentation or indicated from
time to time in the section entitled “Risk Factors” in our annual
report on Form 10-K and other filings with the U.S. Securities and
Exchange Commission (the “SEC”). The company cautions that the
foregoing list of factors is not exclusive, and readers should not
place undue reliance upon any forward-looking statements, which
speak only as of the date made. We do not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20211005005342/en/
Investors: Bob Jones / Taylor Krafchik Ellipsis
IR@altaequipment.com (646) 776-0886
Media: Glenn Moore Alta Equipment
glenn.moore@altaequipment.com (248) 305-2134
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