Infrastructure Contractors To Reap Benefits From Teaming of Leading Heavy Equipment and Technology Companies.
Tempe, AZ – March 19, 2002— Hard Dollar Corporation, the leading provider of integrated cost estimating software and project management systems for the infrastructure construction industry, and Komatsu America International Company (KAIC), the second-largest supplier of construction equipment in North America, announced a new strategic alliance at a press conference today at the CONEXPO–CON/AGC-2002 convention. As part of this alliance, Komatsu made a $2 million equity investment in Hard Dollar. The two companies are now pursuing corporate initiatives that include joint marketing programs and technology development to enhance existing product offerings, as well as to offer new products.
This alliance brings together two pools of vast industry knowledge specific to the infrastructure construction sector. Komatsu’s expertise in heavy earthmoving and utility equipment, and Hard Dollar’s established presence in these markets, will allow both companies to share information that will benefit the customer, and provide better management of the entire customer life-cycle.
“Hard Dollar’s unmatched market presence in the infrastructure industry, and unprecedented technology, coupled with Komatsu’s focus on customer driven solutions and commitment to life cycle management, strongly influenced our decision to enter into this alliance,” said Rod Schrader, Komatsu executive and Hard Dollar board member. “We’re looking to get closer to our customers and better meet their needs. Hard Dollar’s development plans – coupled with our ongoing initiatives – will result in a complete construction management solution for contractors that is capable of taking a job from start to finish, including fleet management.”
“Hard Dollar’s unmatched market presence in the infrastructure industry, and unprecedented technology, coupled with Komatsu’s focus on customer driven solutions and commitment to life cycle management, strongly influenced our decision to enter into this alliance,” said Rod Schrader, Komatsu executive and Hard Dollar board member. “We’re looking to get closer to our customers and better meet their needs. Hard Dollar’s development plans – coupled with our ongoing initiatives – will result in a complete construction management solution for contractors that is capable of taking a job from start to finish, including fleet management.”
“This alliance will be extremely beneficial to both Hard Dollar’s and Komatsu’s customers. Komatsu brings to the table a keen understanding of the market and tremendous resources worldwide. Its proven track record of successfully meeting customer needs through innovative, forward-looking products perfectly complements our corporate philosophy,” said Grant Lungren, Hard Dollar president and CEO.
Komatsu America International Company
Komatsu America International Company (KAIC), the second-largest supplier of construction equipment in North America, manufactures and markets the Komatsu, Dressta and Galion lines of hydraulic excavators, wheel loaders, crawler dozers, off-highway trucks and motor graders. Komatsu Mining Systems, Inc. (KMS), the second-largest supplier of mining equipment in North America, manufactures and markets the Komatsu loader, dozer, truck, shovel, grader and Modular Mining lines. Komatsu Utility Corporation (KU), supplier of construction, utility and rental products, markets the Komatsu line of backhoe loaders, compact excavators, compact wheel loaders and compact dozers. KAIC; KMS; and KUC are supported by Komatsu Parts and Service and can be financed through Komatsu Financial. Visit Komatsu’s website at www.KomatsuAmerica.com.
Media Contacts
Hard Dollar Corporation
Ron Babich
VP of Marketing
(480) 776-2934
PR@harddollar.com
Komatsu America International Company
Wayne Chmiel
EBusiness Strategic Planning Manager
(847) 970-5815
wchmiel@komint.com
Tags: Cost Estimating, Estimating Software, Infrastructure Construction, Komatsu America International Company, Project Cost Management
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