Hardinge Inc. has record order level at IMTS 2006
Elmira, New York - Hardinge Inc. participated at IMTS 2006, September 6th-13th which was one of the largest manufacturing shows North America has seen in recent years. With almost 92,000 attendees IMTS proved that the machine tool industry is continuing its surge of late.
Hardinge took advantage of this great opportunity by showcasing one of the broadest product ranges at the show which included Hardinge turning centers, Bridgeport machining centers, Kellenberger, Hauser, Tripet and Tschudin grinders along with one of the largest workholding product offerings in the world.
With these world famous product lines Hardinge was not only able to meet their already high expectations but more than double it, booking nearly 400 machine orders! "Needless to say when comparing last IMTS to this year’s, the results were outstanding. Everyone at Hardinge is extremely pleased with the outcome of the show and looks forward to building on the momentum for months to come," comments Paula Ameigh, North American Sales Director.
Pat Ervin (Chairman, CEO, and President) commented "The success of this years show is a direct result of the hard work and restructuring Hardinge has been implementing over the past few years. Hardinge is in great position to grow when looking across all major product lines and IMTS just reiterates how strong our products truly are. During the past year Hardinge has been focusing on positioning our products to compete head to head with all the major players in the market and it seems as if they have been accepted world wide. We feel that our products are second to none, and when looking at the IMTS order level it shows how much confidence the industry has in Hardinge and our famous brands."
Some highlights at the show:
- World Premier of an all new turning center flagship the SR-Series
- The new Direct-Drive Super-Precision and High Speed Quick Change Rotary System
- World Premier of the Quest GT27 S (equipped with sub-spindle for complete machining)
- World Premier of the Bridgeport XR 700 APC vertical production center
- New value benchmarks for Turning and Milling (Hardinge SV-Series and Bridgeport XV-Series)
- A total of 399 machine orders placed
Hardinge Inc., founded more than 100 years ago, is an international leader in providing the latest industrial technology to centers, grinding machines, collets, chucks, indexing fixtures, and other industrial products. The company has manufacturing operations in the United States, Switzerland, Taiwan and China and distributes companies requiring material- cutting solutions. The Company designs and manufactures computer-numerically controlled metal-cutting lathes, machining machines in all major industrialized countries of the world. Hardinge's common stock trades on NASDAQ under the symbol, "HDNG." For more information, please visit the Company's website at .
This news release contains statements of a forward-looking nature relating to the financial performance of Hardinge Inc. Such statements are based upon information known to management at this time. The company cautions that such statements necessarily involve uncertainties and risk, and deal with matters beyond the company's ability to control and in many cases the company cannot predict what factors would cause actual results to differ materially from those indicated. Among the many factors that could cause actual results to differ from those set forth in the forward-looking statements are fluctuations in the machine tool business cycles, changes in general economic conditions in the U.S. or internationally, the mix of products sold and the profit margins thereon, the relative success of the company's entry into new product and geographic markets, the company's ability to manage its operating costs, actions taken by customers such as order cancellations or reduced bookings by customers or distributors, competitors' actions such as price discounting or new product introductions, governmental regulations and environmental matters, changes in the availability and cost of materials and supplies, the implementation of new technologies and currency fluctuations. Any forward-looking statement should be considered in light of these factors. The company undertakes no obligation to revise its forward-looking statements if unanticipated events alter their accuracy.