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Hyster-Yale Group and Balyo Inc. Sign Agreement to Market Lift Truck Robotics

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Greenville, N.C. (January 14, 2016) – Hyster-Yale Group has entered into a preferred vendor cooperation agreement with robotics specialist Balyo Inc. to market self-guided trucks in North America. Through this agreement, Hyster-Yale Group, the manufacturer of Hyster® and Yale® lift trucks, will broaden its capabilities by offering robotic high-productivity solutions for the materials handling industry, while Balyo aims to accelerate adoption of its innovative robotic solutions.

The Balyo technology enables trucks to navigate without the help of any reflectors, wires or magnets. Instead the technology selects structural elements of the facility to build a map. Once the map is created, each self-guided truck compares, in real time, what its navigation module sees against the stored map, allowing the truck to self-locate, and move along its intended path.

About Balyo Inc.
Balyo Inc., based in Massachusetts, is a 100%-owned subsidiary of Balyo SA, a French company headquartered in Moissy-Cramayel, France. Balyo specializes in the design, engineering and manufacturing of autonomous driving forklifts based on standard trucks.

About Hyster-Yale Group

A world leader in the lift truck industry, Hyster-Yale Group designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names.

Hyster-Yale Group, Inc. is a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 5,400 people world-wide.