Like the United States, Europe's construction industry is a promising
market for the Company with high commercial potential
TERREBONNE, QC, March 21 /CNW Telbec/ - PowerTech Corporation Inc.,
"PowerTech" (TSX-V: PWB) is entering the European market via a new
distribution agreement with French company Bergerat Monnoyeur, which is a
Caterpillar dealer in France, Belgium, Romania and Poland. In addition,
PowerTech is pleased to announce its first sale of a PicBucket in Europe to
Swedish company Degeberga Grus & Schakt (DGS).
"Our agreement with Bergerat Monnoyeur and this first sale have
powerfully announced our arrival in Europe. Our European strategy is similar
to that pursued in the United States, which centres on creating partnerships
with companies that are renowned and well established in their target markets.
In this regard, we will focus on forming agreements with heavy equipment
dealers that have extensive sales networks, as is the case of Bergerat
Monnoyeur. In addition, we intend to continue forming new agreements with
original equipment manufacturers (OEM agreements), such as the one recently
concluded with NPK Construction Equipment for the North American and Latin
American markets. The applications and benefits of PowerTech's technology know
no boundaries," remarked Mr. Carol Murray, PowerTech's President and Chief
The PicBucket and PicHammer: major advantages
Bergerat Monnoyeur has been a Caterpillar product dealer for more than
100 years. The company has close to 50 branches across nine regions of France.
"The innovative nature of PowerTech's technology quickly attracted our
attention. We will now be able to offer our clients a unique, distinctive and
high value-added solution for their excavation and demolition work needs. To
begin with, we will target the most promising markets in France to enable
PowerTech's products to rapidly gain recognition in the industry," said Ms.
Laetitia Deboves, Marketing Director for Bergerat Monnoyeur.
Furthermore, the PicBucket sale to DGS follows a mandate that this
company carried out for a large European equipment manufacturer. DGS regularly
conducts tests and evaluations on equipment for this manufacturer. After
conducting trials this winter on PowerTech's products, DGS immediately decided
to purchase its first PicBucket. "In Sweden, to do excavation work during the
winter, we must install tents equipped with enormous heaters to warm up the
soil before digging. The PicBucket, however, will allow us to excavate during
the winter without installing these systems, which is a huge advantage that
will deliver significant time savings. I have never seen a bucket work this
way. It is definitely the most effective excavation equipment that I have used
in my entire career," said Bertil Anderson, owner of DGS, an entrepreneur
specialized in tunneling for public utility companies.
"Mr. Anderson is a seasoned entrepreneur with an excellent reputation in
the construction industry. He travels the world to stay at the leading edge of
the new technologies available in the construction industry. Today, he is a
genuine ambassador of PowerTech's technology and a valuable ally for the
Company," said Mr. Yves Sicotte, PowerTech's Vice-President of Sales and
Europe: a promising market for PowerTech
PowerTech is already knowledgeable about the industrial infrastructure of
its European target markets. Like in North America, the European hydraulic
hammer market is mature and characterized by commodity and replacement
products. This market has had no major innovations for several years.
"PowerTech's technology has come along and opened new commercial avenues
for heavy equipment dealers and manufacturers with the creation of a new, high
value-added market niche. Our PicBucket and PicHammer products have just
changed the rules of the game to the benefit of dealers, manufacturers and
users of excavation and demolition products," said Mr. Murray.
About PowerTech (www.powertechci.com)
PowerTech is the only company in the world that manufactures and
commercializes a percussion technology with interchangeable tools and
accessories for the construction, demolition, aluminum, mining, tunnelling,
forestry and military industries. PowerTech's percussion technology, marketed
under the PicBucket and PicHammer names, is a technological breakthrough that
combines the power of a hydraulic hammer with the stripping force and
manoeuvrability of a conventional bucket.
PowerTech is positioning itself as a leader in the development,
integration and commercialization of leading edge technologies that allow for
substantial improvements in equipment performance, productivity and
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Carol Murray, President and Chief Executive
Officer, Power Tech Corporation Inc., (450) 963-6400,
email@example.com; Frédéric Tremblay, HKDP, (514) 395-0375, ext.
234, firstname.lastname@example.org; Source: Corporation Power Tech inc.,