Business
AmeraMex International Delivers Second Reach Stacker Related to $7 Million US Military Rental Agreement
AmeraMex International Delivers Second Reach Stacker Related to $7 Million US Military Rental Agreement.
About this update from Ameramex International Inc.
[{"type":"text","content":"Chico, California--(Newsfile Corp. - June 20, 2024) - AmeraMex International, Inc. (OTC Pink: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has delivered the second out of six new Taylor Equipment Reach Stackers to the US Military. Each piece of equipment has an approximate retail value of $900,000. The five-year agreement for the six new Taylor Reach Stackers is expected to generate approximately $7 million of revenue over the life of the agreement CEO Lee Hamre commented, \"We have been providing rental equipment to the US military for several years and won the five-year rental agreement for six new Taylor Equipment Reach Stackers in October 2022. An order for new reach stackers can take almost two years to ship to the customer. We shipped the first reach stacker last month; the second reach stacker has been delivered and third reach stacker is in transit with the last three stackers expected to be shipped in approximately two months.\"\"It is easier and faster for this department of the US military to get rental agreements approved than outright purchases. We like rental agreements as they generate steady cash flow and, after an agreement expires, we refurbish the equipment, if necessary, and sell back into the open market.\"Taylor Equipment Reach StackerTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10200/213651_64b384e4d4c6fb62_001full.jpgThe Taylor Equipment Reach Stackers versatile machines that can handle many diverse types of containers. With a telescopic boom, it can stack 5-High 1st row, 4-High 2nd row and 3-High 3rd row (9-ft 6-in Loaded). It also has a 20-40 ISO Container Handling Attachment, with rotation, side shift, expansion/retraction and damping.For more information and pricing of equipment for the logistics, construction, and forestry industries, or to book a demonstration of the First Green Company's Electric's 100 percent electric skid steer loaders, ASV Posti-Tract and Skid Steer Loaders, Menzi Muck Excavators, or a Magni Telescopic Handler, contact the AmeraMex/Hamre Equipment sales team at 530.895.8955.AmeraMex InternationalAmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, ...