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\u201cViatec\u2019s SmartPTO is integral to Duke Energy achieving its fleet electrification goals, while meeting our standards for safety and reliability for our employees and our customers,\u201d said Karl Newlin, senior vice president, Corporate Development & Treasurer at Duke Energy.<\/p>\n\n\n\n
\u201cViatec has developed an electrification solution for utility customers that is highly effective and easy to use,\u201d said John L. Garrison, Jr., Terex Corporation Chairman and Chief Executive Officer. Our investment in Viatec will enable the company to scale production and make its offering more widely available to electric utility and other customers.\u201d<\/p>\n\n\n\n
\u201cThe values, integrity and our experience with Duke and Terex made this a strategic partnership for Viatec\u201d said Mark Ferri, Viatec\u2019s President and Chief Executive Officer. \u201cTerex has been one of our earliest partners and their collaboration has been critical to our product development. Duke Energy has been one of our earliest customers and has been integral to the evolution of Viatec\u2019s offering. We look forward to our continued partnership with both these stellar organizations and truly appreciate the investment committed by both.\u201d<\/p>\n\n\n\n
About Viatec<\/h3>\n\n\n\n
Founded in 2015, Viatec<\/a> has developed, patented and commercialized technology that is becoming recognized as the next industry standard in the vocational vehicle sector for auxiliary power. Viatec\u2019s flagship product is an electric power take off system (PTO) under the brand name SmartPTO\u2122.<\/p>\n\n\n\n Terex Corporation is a global manufacturer of aerial work platforms and materials processing machinery. The Company designs, builds, and supports products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. The Company’s products are manufactured in North and South America, Europe, Australia, and Asia and sold worldwide. The Company engages with customers through all stages of the product life cycle, from initial specification and financing to parts and service support. Terex uses its website (www.terex.com<\/a>) to make information available to its investors.<\/p>\n\n\n\n Duke Energy<\/a> (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America\u2019s largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.<\/p>\n\n\n\n Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities \u2013 with goals of at least a 50% carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear<\/p>\n\n\n\nAbout Terex<\/h3>\n\n\n\n
About Duke Energy<\/h3>\n\n\n\n
Read our release on PR Newsire<\/strong><\/h4>\n\n\n\n