BRIDGEVIEW, IL / ACCESSWIRE / April 28, 2021 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that it has been awarded $1.7 million in follow-on orders to supply knuckleboom cranes to an international military entity. Production is anticipated to start in the second half of 2021.
Steve Filipov, Chief Executive Officer of Manitex International, Inc., commented, "Our commitment to becoming a more significant participant in the global truck-mounted articulating ("knuckle-boom) crane market has continued to produce results for Manitex. We have refocused the global sales team here at Manitex, and we continue to see strength in bookings at PM, in a very diverse group of end-markets, from military and defense, to forestry, utilities, and general construction."
"When we announced the initial order in September, we noted potential for additional significant follow-on business. We are very excited that this customer has chosen to do additional business with us and we look forward to a long-term relationship as a trusted supplier to this entity," concluded Mr. Filipov.
About Manitex International, Inc.
Manitex International, Inc. is a leading worldwide provider of highly engineered mobile cranes (truck mounted straightmast and knuckle boom cranes, industrial cranes, rough terrain cranes and railroad cranes), truck mounted aerial work platforms and specialized industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex, PM, MAC, PM-Tadano, Oil & Steel, Badger and Valla.
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Manitex International, Inc.
Chief Executive Officer
Darrow Associates, Inc.
Peter Seltzberg, Managing Director
SOURCE: Manitex International, Inc.