Hydrogen Highway Leads to New Bremen

NEW BREMEN, Ohio, April 3, 2008 – Crown Equipment Corporation, a leading global manufacturer of lift trucks, is committed to advancing hydrogen fuel cell technology. The company was recently awarded nearly $1 million in grant money from the state of Ohio to conduct fuel cell research.

“The project is important to the technological advancement of our products, which in turn is important for our customers and to the long-term future of Crown,” said Crown President Jim Dicke III. “We are pleased with the State of Ohio and its overall efforts in working with Crown to maintain a strong manufacturing base here. Crown also appreciates being recognized as a leader in the progression of fuel cell technology.”

The development of fuel cells is a natural extension of Crown’s ongoing focus on environmental sustainability. As a technology leader in the lift truck industry, Crown is committed to supporting its customers via the emerging hydrogen economy. This project expands Crown’s focus to actively participate in and support the development of environmentally friendly alternative fuels that provide power savings for its customers.

The Crown project will focus on addressing the technical and commercial barriers to the application of available battery replacement fuel cell power packs in industrial lift trucks. The study will facilitate the creation and growth of material handling equipment used in warehouses and distribution centers to be powered by fuel cells.
“There are several considerations to evaluate before a wide-range of lift trucks are offered with a fuel cell as its power source,” said Dicke. “In the current design, the battery provides a counterweight to the load. Fuel cells are much lighter. We need to explore solutions,and make sure all systems are compatible to ensure the critical performance characteristics of a lift truck.”

Crown intends to review the performance of each unique combination of its lift trucks with fuel cell power. This study should reveal any necessary modifications required to maintain the intended use of the lift truck while complying with industry standards.

Alternative power is a hot topic, and the material handling industry is poised to be an early adopter of this new technology, setting the standard for other industries to follow. Fuel cell technology will likely simplify and speed up the way lift trucks are powered and batteries recharged. Ohio is a leader in exploring and developing technologies that advance the Hydrogen Highway.

The grant is provided by the Ohio Department of Development and Ohio’s Third Frontier Commission.

About Ohio’s Third Frontier Commission The Third Frontier Fuel Cell Program provides grants that support the growth of Ohio’s fuel cell industry through collaborations that involve Ohio higher education institutions, non-profit research organizations and Ohio companies. Projects must focus on research and development that addresses technical and cost barriers to commercialization and adapting fuel cell components produced in Ohio for use in fuel cell systems.

About Crown Equipment Corporation
Crown is the number one brand of electric lift trucks in the United States and the sixth largest lift truck manufacturer in the world. Crown’s award-winning line of lift trucks has earned a reputation for exceptional product design, engineering and manufacturing. From the smallest hand pallet truck to the highest lifting turret truck, Crown seeks to provide users with safe, efficient and ergonomic lift trucks that lower total cost of ownership and maximize uptime. Headquartered in New Bremen, Ohio, Crown lift trucks are manufactured and sold throughout the world.