Tag Archive for 'Caterpillar'

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New Electric Drive Cat® 988K XE Wheel Loader Offers Higher Fuel Efficiency And Lower Total Cost Of Ownership

Electric drive loader delivers 25% greater overall efficiency and up to 10% more productivity in load-and-carry applications than the industry leader 988K loader

The new Cat® 988K XE is the first wheel loader offered by Caterpillar with a high-efficiency electric drive system. This new large wheel loader joins the industry leader 988K and the recently launched 986K wheel loaders to provide customers with the most cost-effective loader for each application. Delivering high-production in all loading applications, the 988K XE is recommended for demanding job sites where fuel efficiency makes a difference in the machine’s total cost of operation.

The new loader features switched reluctance (SR) technology and leverages more than 15 years of Cat electric drive experience and more than 4 years of stringent testing in a range of applications for proven reliability in the field. The field proven and tested C18 ACERT™ engine, mechanical dropbox, driveline and axles from the 988K remain in the electric drive machine for consistent, trouble-free operation.

Maximum Efficiency & Productivity

Offering increased truck loading and load-and-carry efficiency, the new 988K XE increases efficiency by 25% overall and by up to 49% in face-loading applications, as compared to the 988K. This reduces costs and helps operations reduce greenhouse gas emissions and carbon footprint. At the same time, Caterpillar production studies report the new loader delivers up to 10% higher productivity in load-and-carry applications.

The new Cat 988K XE loader offers a range of bucket capacities from 6.2-17 yd3 (4.7-13 m3). Rated standard and high lift payload for the loader reaches 12.5 tons (11.3 tonnes) when working with face material and 16 tons (14.5 tonnes) with loose material. Advansys™ Series Ground Engaging Tools (GET) protect bucket components and reduce operating costs, so operations can get the most out of machine performance.

The standard 988K XE wheel loader is performance matched to offer efficient 3-pass loading of the 42.6-ton (38.6-tonne) Cat 770G and 4-pass loading of the 51-ton (46.3-tonne) Cat 772. Its high-lift configuration delivers 5-pass loading of the 61-ton (55.3-tonne) Cat 773G and 6-pass loading of the 70.5-ton (64-tonne) Cat 775G.

Extended Service, Lower Ownership Costs

Cat electric drive technology found in the new 988K XE lowers overall maintenance costs, while increasing engine life expectancy. Offering extended oil change intervals of 2,000 hours, the electric drive wheel loader uses 40% less powertrain oil.

The durable SR drive motor, generator and inverter are built to last through the second engine life with minimum maintenance. Additionally, the efficient electric drive design increases engine life by up to 3,500 hours, extending time between powertrain rebuilds.

To assist with electric drive rebuilds, Caterpillar offers customers world-class service training material, backed by industry-leading customer support from the extensive Cat dealer network. Remanufactured drive motors, generators and inverters will also be available to reduce rebuild cost.

Similar Operation, Greater Productivity

Slight changes inside the cab of the new 988K XE provide operators with the familiar functions and feel of the 988K. At the same time, operators will experience improved handling smoothness and ease of operation. The new loader offers a single speed range, so the machine efficiently operates without the need for gear shifting. New virtual gears help to control machine ground speed and deliver smooth direction shifts.

The standard Cat Product Link™ offers remote data monitoring through VisionLink®, so key personnel can stay informed of critical machine operating data.  Fuel usage, payload summaries, scheduled service reminders, fault code alerts and various productivity reports are available to help improve machine management.  Additionally, the onboard Vital Information Management System (VIMS) provides the operator with operating data such as real-time fuel consumption and fuel efficiency via an interactive touch screen display.

The new Cat 988K XE loader is equipped with a host of technology solutions to increase operating efficiency and machine uptime. Cat Production Measurement (CPM) brings payload weighing to the cab, so operators can work more productively and deliver accurate loads with confidence. CPM offers advanced weighing modes, which assist with payload accuracy and increase loading cycle speed.

Optional Tire Pressure Monitoring System (TPMS) is a fully integrated Cat feature, which enables operators to monitor tire inflation. Available through the VIMS display, the operator can quickly view each tire’s pressure and take action when needed to reduce wear and increase service life.

As customers have come to expect from the 988K, operators safely access via left- or right-hand stairs built at a reduced 45-degree angle and maintain three points of contact at all times. The STIC steer armrest easily folds up, allowing the operator to quickly enter the cab. Isolation cab mounts and an air-suspension seat reduce vibration transmitted to the operator for increased comfort, while the enclosed pressurized structure reduces operator sound levels. The automatic, in-cab temperature control system maintains operator comfort even in extreme temperatures.

 

988k XE Wheel Loader Product Specifications

   
Engine Cat C18 ACERT™
Gross Power (SAE J1995) 588 hp (439 kW)
Operating Weight – Standard 116,362 lbs (52 781 kg)
Operating Weight – High Lift 119,618 lbs (54 258 kg)
Rated Payload – Standard (face/loose) 12.5 tons (11.3 tonnes) / 16 tons (14.5 tonnes)
Rated Payload – High Lift (face/loose) 12.5 tons (11.3 tonnes) / 16 tons (14.5 tonnes)
Bucket Capacity Range 6.2-17 yd3 (4.7-13 m3)
Dump Clearance – Standard 11.5 ft (3 492 mm)
Dump Clearance – High Lift 12.7 ft (3 885 mm)

 

The Association of Equipment Manufacturers (AEM) Elects Two Directors

The Association of Equipment Manufacturers (AEM) has elected Philip Kelliher, Vice President Americas & Europe Distribution Services Division of Caterpillar Inc., and David Thorne, Senior Vice President Worldwide Sales & Marketing, Construction & Forestry Division of Deere & Company, to the AEM CE Sector Board to fill unexpired terms.

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 950 companies and more than 200 product lines in the agriculture and construction-related sectors worldwide.

Association officers and directors work on behalf of all member companies, giving their time and talent to provide strategic direction and guidance for Association action in areas including public policy, market data and exhibitions, as well as technical, safety and regulatory issues, and education/training.

“AEM benefits from the support of our member companies and the leadership talents of our Board members, who are selected to reflect an industry cross-section,” said AEM President Dennis Slater.

“Their dedication helps ensure Association programs continue to meet member and industry needs, and we welcome Phil’s and David’s knowledge and participation.”

David Thorne – Deere & Company

Thorne has worked for Deere since 1997, holding management, sales and marketing roles. His career includes: director, Deere & Company Corporate Strategy in 2011, president, John Deere Water in 2012, and director worldwide marketing & support, Construction & Forestry Division in 2014 before taking his current position in 2017. 

 

 

 

 

Philip Kelliher – Caterpillar

Kelliher joined Caterpillar in 1994 and has held marketing and managerial positions. He began his career in Australia, focused on agriculture, construction and mining. He has served in Latin America and was part of the company’s Global Mining Division formation. In 2015 he was named vice president of the Americas Distribution Services Division (which soon became the Americas and Europe DSD).

For more information on AEM and its services, visit www.aem.org.

Fastbrick Robotics Signs Memorandum of Understanding with Caterpillar Inc.

Highlights:

  • Fastbrick Robotics signs Memorandum of Understanding (MOU) with Caterpillar Inc.
  • MOU is for collaboration between Caterpillar and Fastbrick Robotics in relation to the Fastbrick Robotics robotic bricklaying technology
  • Fastbrick Robotics welcomes Caterpillar to its share register with an investment of USD$2 million via placement
  • Caterpillar will, subject to Fastbrick shareholder approval, have an option to invest a further USD$8 million

Australian robotic technology company, Fastbrick Robotics Limited (ASX: FBR) (“Fastbrick Robotics”), has entered into a Memorandum of Understanding (“MOU”) with Caterpillar Inc. (NYSE: CAT) to discuss and develop a potential framework for collaboration regarding the development, manufacturing, sales, and services of Fastbrick Robotics’ robotic bricklaying technology (“FBR Technology”).

The MOU also establishes a strategic alliance board with representatives from both companies that intends to develop that framework and consider how best to offer this FBR Technology to Caterpillar’s construction customers. The board will also consider the most appropriate and most profitable business models to apply in each country, state and region.

The MOU has an initial 12-month term, which may be either extended by mutual written agreement or terminated by either party at any time. Fastbrick Robotics has also agreed to deal exclusively with Caterpillar for the development and potential commercialisation of the FBR Technology during the term of the MOU.

Simultaneous with the signing of the MOU, Caterpillar, through a wholly owned subsidiary, is investing USD$2 million in Fastbrick Robotics via a placement, which is being undertaken in accordance with the terms of a placement agreement. Pursuant to the placement agreement, Fastbrick Robotics will issue fully paid ordinary shares to Caterpillar at an issue price of $0.10 AUD per share.

Subject to approval by Fastbrick Robotics shareholders, Caterpillar, through that wholly owned subsidiary, also will have an option to invest a further USD$8 million in Fastbrick Robotics at an issue price of $0.20 AUD per share. Fastbrick Robotics intends to seek that shareholder approval within 60 days.

Fastbrick Robotics Managing Director Mike Pivac: “Fastbrick Robotics is delighted to sign a MOU with Caterpillar and welcomes the company as a new shareholder. Caterpillar is a globally recognised industry leader, and we look forward to collaborating with the company and uniting our teams to share ideas, pursue innovation and explore opportunities to commercialize our unique technology.”

About Fastbrick Robotics
Fastbrick Robotics Limited (ASX:FBR) is an Australian robotics company developing and commercialising digital construction solutions. Fastbrick Robotics’ revolutionary Hadrian X bricklaying machine represents the first application of the Company’s underlying intellectual property portfolio and represents a global revolution in robotics technology. Hadrian X marks the transition from robots working indoors to working outdoors in uncontrolled environments which is enabled by the Company’s patented dynamic stabilisation technology. Fastbrick Robotics is committed to improving the safety, speed, accuracy, cost and waste management within the global construction industry through utilising the world’s latest innovations in mobile robotic technology. To learn more please visit: www.fbr.com.au. To watch the latest Fastbrick Robotics video please visit: http://tinyurl.com/y9vkj4tf.

About Caterpillar
For more than 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 2016 sales and revenues of $38.537 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.

CATERPILLAR ANNOUNCES VICE PRESIDENT RETIREMENT, APPOINTMENT OF A NEW VICE PRESIDENT AND NEW RESPONSIBILITIES FOR OTHER VICE PRESIDENTS

Caterpillar Announces Vice President Retirement, Appointment of a New Vice President and New Responsibilities for Other Vice Presidents    

Caterpillar Inc. (NYSE: CAT) today announced Doug Hoerr, vice president of the Material Handling & Underground Division (MH&U), has elected to retire from the company. Caterpillar’s board of directors has appointed a new vice president, and the company is also announcing new responsibilities for three current vice presidents.

Doug Hoerr Retirement

After 24 years of service to the company, Doug Hoerr, Caterpillar vice president of MH&U, has elected to retire from Caterpillar.

“For more than 20 years of his career with Caterpillar, Doug worked in a wide range of accounting and finance roles with increasing levels of responsibility and global scope,” said Jim Umpleby, Caterpillar CEO. “In 2012, Doug was named group CFO for Customer & Dealer Support, a position he held until being named a Caterpillar vice president in 2015.”

In his role as CFO for Customer & Dealer Support, Hoerr was instrumental in coordinating key elements of the Across the Table initiative, which drove improved performance and alignment between Caterpillar and the worldwide dealer network. Most recently within MH&U, Hoerr led the execution of Caterpillar’s Operating & Execution Model resulting in restructuring of the MH&U operational footprint as well as the product portfolio.

Hoerr joined Caterpillar in 1993 after working for the accounting firm of McGladrey, where he gained experience in auditing and corporate tax. Within Caterpillar, he held numerous positions of increasing responsibility in accounting, business analysis and business resources in Customer Services Support, Parts Distribution, Integrated Manufacturing, Finance Services Division, Large Engine Products & Fuel System Division, Corporate Services Division and Large Power Systems Division. In 2012, he was named group CFO for Customer & Dealer Support. On January 1, 2015, Hoerr became a Caterpillar vice president. His retirement is effective August 1, 2017.

Doug Hoerr, Caterpillar vice president of the Material Handling & Underground Division, is retiring August 1, 2017.

New responsibilities for Tom Bluth, Jean Savage and Karl Weiss

Caterpillar is also announcing changes in responsibilities for current Caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss. These changes will be effective August 1, 2017.

Bluth, who was first named a vice president in 2007 and is currently vice president of the Surface Mining & Technology Division (SM&T), will become Caterpillar’s Chief Technology Officer (CTO) and the vice president of the Innovation & Technology Development Division (ITDD).

Since joining Caterpillar in 1995, Bluth has held numerous positions, including corporate attorney in the Legal Services Division, industry manager in the Latin America Commercial Division, district manager in the North America Commercial Division, worldwide medium wheel loader product manager and president and managing director of Caterpillar France. In 2007, the Caterpillar board of directors named Bluth vice president of Asia Pacific Operations and two years later, Bluth was named vice president of the Earthmoving Division. In 2013, Bluth moved to vice president of the Mining Products Division and three years later, Bluth’s responsibilities were expanded to include leadership for mining sales and support as the vice president of SM&T. Bluth graduated with an electrical engineering degree from Iowa State University, a law degree from Northwestern University and an MBA from the University of Chicago.

 

Tom Bluth, Caterpillar vice president of the Surface Mining & Technology Division, will become Caterpillar’s Chief Technology Officer and vice president of the Innovation & Technology Development Division effective August 1, 2017.

Savage, who was first named a Caterpillar vice president in 2014 and is currently Caterpillar’s CTO and the vice president of ITDD, will become the vice president of SM&T.

Savage was formerly senior vice president and Chief Operating Officer of the Locomotive and Railcar Services business unit for Caterpillar subsidiary Progress Rail Services (PRS). Savage joined PRS in 2002 as vice president for Quality and Continuous Improvement. She also served as vice president of PRS’ Freight Car Repair, Parts and Quality Divisions before her most recent position. Prior to joining PRS, she worked in a variety of manufacturing and engineering positions in her 14 years at Parker Hannifin Corporation, a leader in motion and control technologies and systems. That was preceded by nine years in the Army Reserves as a military intelligence officer. Savage has an electrical and computer engineering degree from the University of Cincinnati and a master’s degree in engineering management from the University of Dayton.

Jean Savage, Caterpillar’s Chief Technology Officer and vice president of the Innovation & Technology Development Division, will become vice president of the Surface Mining & Technology Division effective August 1, 2017.

In 2013, Weiss was named a Caterpillar vice president for the Earthmoving Division, the position he still holds today. Weiss will become the vice president of MH&U, replacing Hoerr.

Since joining Caterpillar in 1992, Weiss has had various assignments within product development at Caterpillar’s Decatur, Joliet and Aurora, Illinois, facilities, primarily focused on large machine structural design. Weiss subsequently transferred to Geneva, Switzerland, with Caterpillar Global Mining as an equipment management consultant serving mining customers and dealers in Europe and Africa. He then became the large wheel loader new product introduction manager in Aurora. Weiss then moved to Beijing, China, for four years where he served as the wheel loader product manager for the Asia Pacific Region. He then was named the worldwide product manager for medium wheel loaders in Aurora before being named Earthmoving vice president in 2013. Weiss graduated from Purdue University with a degree in agricultural engineering and an MBA from Northern Illinois University.

Karl Weiss, Caterpillar vice president of the Earthmoving Division, will become vice president of the Material Handling & Underground Division effective August 1, 2017.

 

Frederic Istas Appointed Vice President of the Earthmoving Division

Caterpillar’s board of directors has appointed Frederic Istas, currently aftermarket solutions global manager for Caterpillar’s Global Aftermarket Solutions Division, to the position of vice president of the Earthmoving Division.

“Building on his more than 20 years with Caterpillar, Frederic brings strong product management leadership experience from previous roles in the United States and Europe, as well as product support and marketing experience to this role,” Umpleby said.

Istas joined Caterpillar in 1996 as part of the Europe, Africa & Middle East (EAME) Marketing Division, based in Geneva, Switzerland. He held roles as a 6 Sigma black belt and master black belt. In 2004, Istas was named district manager for the EAME Marketing Division in Geneva. From 2008-11, he was a global process owner in the Global Revenue Management Group based in Peoria. He then was named a regional product manager for the Excavation Division based in Europe. Istas has a degree in electromechanics from Industriele Hogeschool, Gent, Flanders, Belgium. Istas will begin his new role August 1, 2017.

Frederic Istas, aftermarket solutions global manager for the Global Aftermarket Solutions Division, has been appointed vice president of the Earthmoving Division effective August 1, 2017.

Caterpillar Venture Capital Invests in Alight Mining Solutions™

Investment to support Caterpillar’s mining customers with financial forecasting and scenario analysis

Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc. (NYSE:CAT), announced today a strategic investment in Alight, Inc., a San Francisco-based SaaS (software as a service) technology company that develops industry-specific solutions for financial forecasting and scenario analysis. The unique software has modules that are designed specifically for different industries, with mining and mortgage banking as the first two target industries.

Caterpillar has begun discussions with Alight Mining Solutions to develop enhanced solutions that will combine data from technology-enabled machines with financial forecasting software to help mining companies make more real-time business decisions.

Alight’s cloud-based products allow users to pull data from other systems such as Cat® MineStar™, quickly run multiple scenarios to facilitate financial decision making and then create enterprise-level financial forecasts.

“We’re always looking to invest in new ways that could help Caterpillar’s customers improve their profitability, especially through the use of technology,” said Jim Hawkins, managing director of mining technology for Caterpillar. “Alight’s technologies can allow our customers to see the financial impact of a machine or technology purchases as well as operational decisions before they’re made.”

“We are thrilled to partner with Caterpillar and help bring new levels of innovation to the global mining industry,” said Michele McGovern, CEO, Alight, Inc. “Caterpillar’s technology is making huge quantities of rich information available to its customers and our intention is to combine this data with Alight’s solutions so that data can be used to drive decision making to find greater profits and opportunities for growth.”

Like Cat MineStar, Alight’s mining offering was developed by mining industry experts, specifically for mining customers. Combining Alight’s software with Cat MineStar will allow production data such as tons-moved to be viewed in context of financial information such as costs and revenues, helping miners make assessments at the site level and analyze strategic opportunities throughout the enterprise.

“Our mining customers make decisions on very large capital investments, in market conditions that are constantly changing,” continued Hawkins. “We believe that the solutions we are looking to develop with Alight could help them better understand the impact of these decisions on production and operations as well as on profit margins and cash flow.”

Cat MineStar, part of the Cat Connect family of technologies and services, helps customers deal with everyday challenges: controlling costs, extending equipment life, and enhancing safety. For mines large and small, above and below ground, Cat MineStar works with any brand of equipment helping customers leverage data across their existing machines, systems, and technologies to boost business results and gain their competitive edge.

About Caterpillar
For more than 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 2016 sales and revenues of $38.537 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 Alight
Alight is a fast-growing provider of industry-specific, cloud-based applications that change the way businesses are run. Alight’s applications let executives Manage the FutureÔ by showing the financial ripple effects of potential decisions across the enterprise. Alight works with firms in dynamic and complex industries, including mining and mortgage banking. For more information: alightinc.com.