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Press release from PR Newswire

Caterpillar Unveils First Hybrid Excavator

Tuesday, October 16, 2012

Caterpillar Unveils First Hybrid Excavator15:15 EDT Tuesday, October 16, 2012Cat® 336E H is company's first construction hybrid machine; shown to significantly lower customers' owning and operating costsPEORIA, Ill., Oct. 16, 2012 /PRNewswire/ -- In its continued commitment to introduce products that bring the most value to customers, Caterpillar Inc. (NYSE: CAT) today unveiled the first model in its new line of hybrid excavators. The Cat 336E H is the company's first machine to use a novel hydraulic hybrid technology developed internally by Caterpillar. Field tests have demonstrated this machine will significantly lower customers' owning and operating costs.(Photo:  http://photos.prnewswire.com/prnh/20121016/CG93390) "The 336 excavator ? a recognized industry-leading workhorse in our product line ? made the most sense as our first choice for applying the unique hybrid technology," said Gary Stampanato, Caterpillar vice president with responsibility for the Excavation Division. "The new 336E H hybrid uses as much as 25 percent less fuel than the standard 336E, without sacrificing performance. No other hybrid machine in its class in the market can achieve these dramatic savings. Since fuel is one of the largest operating costs for our customers in general, quarry and heavy construction applications, this is a technology that directly improves their bottom lines."Caterpillar defines a hybrid machine as one that is equipped with a device to collect, store and release energy during machine operation. The 336E H captures energy when the machine slows down or stops, and then releases it as the machine accelerates. On a typical job site, an excavator may repeat the same cycle every several seconds, which represents a significant energy savings opportunity. Hybrid technology is just one of the core focuses of the company's technology strategy. With the introduction of this machine, Caterpillar found a solution that is more productive and substantially lowers owning and operating costs. Burning less fuel leads to fewer emissions and a smaller carbon footprint than the standard 336E. "Our technology strategy centers on research and development that meets environmental and customers' needs today and into the future," said Tana Utley, Caterpillar's chief technology officer and vice president with responsibility for the Product Development & Global Technology Division. "We use our deep bench strength in core technologies and our vertical integration to develop the right technology at the right time to help the business and our customers win. The 336E H technological advancements, with its more than 300 filed patents, is a testament to the strength of our strategy and the talent of our people."The official launch of the Cat 336E H occurs in April 2013 at bauma, the world's largest construction equipment show in Munich, Germany. Cat dealers will begin taking orders in February 2013, with factory shipments beginning the following month.Caterpillar also recently announced the development of the first hybrid mining machine, the Cat 6120B H FS. The hybrid hydraulic front shovel was introduced in late September, and is expected to significantly cut fuel use through the use of hydra-electric regenerative technologies and a unique energy storage system. Order and delivery information about the 6120B H FS will be announced as development progresses. About Caterpillar:For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 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 also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services. More information is available at: http://www.caterpillar.com. Forward-Looking StatementsCertain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements.  All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements. Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global economic conditions and economic conditions in the industries and markets we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity or component price increases and/or limited availability of raw materials and component products, including steel; (iv) our and our customers', dealers' and suppliers' ability to access and manage liquidity; (v) political and economic risks and instability, including national or international conflicts and civil unrest; (vi) our and Cat Financial's ability to: maintain credit ratings, avoid material increases in borrowing costs, and access capital markets; (vii) the financial condition and credit worthiness of Cat Financial's customers; (viii) inability to realize expected benefits from acquisitions and divestitures, including the acquisition of Bucyrus International, Inc.; (ix) international trade and investment policies; (x) challenges related to Tier 4 emissions compliance; (xi) market acceptance of our products and services; (xii) changes in the competitive environment, including market share, pricing and geographic and product mix of sales; (xiii) successful implementation of capacity expansion projects, cost reduction initiatives and efficiency or productivity initiatives, including the Caterpillar Production System; (xiv) sourcing practices of our dealers or original equipment manufacturers; (xv) compliance with environmental laws and regulations; (xvi) alleged or actual violations of trade or anti-corruption laws and regulations; (xvii) additional tax expense or exposure; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial covenants; (xx) increased pension plan funding obligations; (xxi) union disputes or other employee relations issues; (xxii) significant legal proceedings, claims, lawsuits or investigations; (xxiii) compliance requirements imposed if carbon emissions legislation and/or regulations are adopted; (xxiv) changes in accounting standards; (xxv) failure or breach of IT security; (xxvi) adverse effects of natural disasters; and (xxvii) other factors described in more detail under "Item 1A.  Risk Factors" in our Form 10-K filed with the SEC on February 21, 2012 for the year ended December 31, 2011.  This filing is available on our website at www.caterpillar.com/secfilings.SOURCE Caterpillar Inc.For further information: Rachel Potts, Global Government & Corporate Affairs, 309-675-6892 Office, 309-573-3444 Mobile, Potts_Rachel_A@cat.com