Well to say I don't like Hyster Yale and I pick at them because they are a global manufacture is just not correct. What I have said about Hyster Yale is true and can be backed up by facts, These are that in 2017 hyster yale paid $ 100 million 75% of the equity of the Chinese Company Maximal. At the time Maximal was either near bankruptcy or Bankrupt and real value would have been under $10 million for 100% of the company. Hyster Yale also might have to pay the Maximal management a further $10 million before the end of this year form sales targets add this to the $10 million Hyster yale had to invest into Maximal that's a total of $120 Million for 75% of a Bankrupt or near bankrupt company. Now add to this Nuvera the Hyster yale Hydrogen fuel cell company this company lost over $80 Million EBITDA between 2017 and 2018 the total EBITDA loss for this company will probably be over $200 million up to end of 2019. Now Hydrogen fuel cell won't work and are just to costly even for Automobiles and certainty wont work in materials handling equipment. So as a result of these two things Hyster Yale are probably looking at of a loss of around $250 million some time in the near future. Now if this is nocking Hyster Yale or is this people who work for Hyster Yale trying to cover up the mess they are in by say you only nock Hyster Yale because they are a global manufacture.

Now lets look at the Modular truck that heightlift doesn't see the need for. Heightlift says I have never seen an engine failure on a engine that get maintained correctly. Some components fail but are easily fixed. It is easier to replace a starter motor than replace the full engine because the starter motor has failed. So lets look at a starter motor, if a starter motor was to fail I think it would be fair to say the engineer would be at the site three hours after the service company gets the call, Diagnostics would probably take one hour , it might take one hour to get another starter motor and two hours to fit it so all in total that's seven hours. Now take modular truck so lets say it takes the same three hours for the engineer to arrive at the site to remove and install the exchange power pack takes 30 minutes and the truck is back ready for service in total the truck would have been out of service for three hours 3o minutes. As against Seven hours for the normal truck.

Now you say Electric will probably be the norm for counter balance forklifts so lets look at the Toyota 8 ton electric truck. This truck has a 100 kwh battery and used 14.8 kwh to run this would give a round about six hour thirty minute range. If you were to use an intermittent charging system use a 90 kwh hour charger you would get 67.5 kwh of charge over a eight hour shift. You would also have thermal heat issues with the battery doing this every day or two or three times a day. So over 6,000kg electric would not be suitable. Now also add the fact that companies will probably have to reveal their carbon foot print per year some time with in the next five years, and for larger companies this carbon foot print will include their suppliers and distribution network if third party. A company that uses old diesel truck will have a higher carbon foot print than a company using 100% zero emission forklift so won't be as attractive as a supplier to other companies and customers won't really want their goods. This is what will be the driver to a zero emission forklift.


Thirdly you said just find it hard to believe that it isn't already in use by someone. The big OEM invest a lot more than you in this type of research, my guess is they looked at it and thought what a load of s**t. Now the technology for electric cars was around long before TESLA and yet early this Year TESLA had a market capitalisation the same as Volkswagen and is many years ahead of all car OEM's when it comes to electric cars. Also in 2006 both Nokia and Blackbury had the same technology for smart phones as Apple, but yet Apple over the last fourteen years has gone on to be one of the world largest capitalisation companies and both Nokia and Blackbury have nearly all but disappeared.