Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek 
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Sun Pharma to Acquire Organon in $11.75 Billion Deal to Boost Global Women’s Health Portfolio 
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth 
European Car Sales Surge in March as EV and Hybrid Demand Accelerates 
Mercedes-Benz Faces Rising Competition in China but Rejects Price War Strategy 
U.S. Budget Airlines Seek $2.5 Billion Government Aid Amid Rising Jet Fuel Costs 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
WOOD DALE, Ill., April 05, 2017 -- Power Solutions International, Inc. (PSI) (NASDAQ:PSIX), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, today announced that Lexington, KY-based CLARK Material Handling Company will launch a new forklift product featuring PSI’s 2.4-liter propane engine at the ProMat 2017 Expo.
ProMat, the largest expo for material handling and logistics equipment and technologies in North America, takes place in Chicago, April 3-6.
The new GTS propane-powered (LPG) model is part of CLARK’s IC-Cushion forklift line, which targets distribution, manufacturing, warehousing and trucking applications. CLARK plans to roll the new propane models out in June of this year.
“We’re excited to be represented at ProMat through our partnership with CLARK," said Gary Winemaster, CEO and President of PSI. "CLARK is an industry leader, and this latest launch continues our tradition together of delivering durable, high-performance products for the material handling market.”
The new forklift is powered by PSI’s certified 2.4-liter LPG engine. According to PSI, the 4-cylinder, premium engine incorporates design features and enhancements that provide power, efficiency, durability, and noise and vibration advantages over its competition. These advantages include peak power of 63.0 hp (47.1 kw) at 2800 rpm and torque of 123.9 lb-ft (168.0 N-m) at 1600 rpm
PSI has provided engines to CLARK since 2009. Its 4.3-liter LPG engines power CLARK forklifts in the 4-ton to 7-ton class, while its 3.0-liter LPG engine powers 2.5-ton to 3.5-ton lifts. CLARK utilizes PSI’s 2.0-liter and 2.4-liter LPG engines in 2.0-ton to 3.3-ton products.
“The PSI 4.3L engine is the mainstay of our medium internal combustion product line and has proven to be reliable and trouble-free throughout a wide range of applications,” said Chuck Moratz, Senior Vice President of Global Engineering of CLARK. “We look forward to the same performance and customer acceptance in this smaller capacity range.”
CLARK Material Handling is displaying its latest products in booth #S2433 at ProMat 2017 at Chicago’s McCormick Place, April 3-6.
For more information about PSI, please visit www.psiengines.com.
About Power Solutions International, Inc.
Power Solutions International, Inc. (PSI or the Company) is a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems. PSI provides integrated turnkey solutions to leading global original equipment manufacturers in the industrial and on-road markets. The Company's unique in-house design, prototyping, engineering and testing capacities allow PSI to customize clean, high-performance engines that run on a wide variety of fuels, including natural gas, propane, biogas, gasoline and diesel.
PSI develops and delivers powertrains purpose built for the Class 3 through Class 7 medium duty trucks and buses for the North American and Asian markets, which includes work trucks, school and transit buses, terminal tractors, and various other vocational vehicles. In addition, PSI develops and delivers complete industrial power systems that are used worldwide in stationary and mobile power generation applications supporting standby, prime, distributed generation, demand response, and co-generation power (CHP) applications; and mobile industrial applications that include forklifts, aerial lifts, industrial sweepers, aircraft ground support, arbor, agricultural and construction equipment. For more information on PSI, visit www.psiengines.com.
About CLARK Material Handling Company
CLARK Material Handling Company, an industry leader since its production of the first gasoline-powered material handling truck in 1917, will be celebrating 100 years in the material handling business in 2017. Headquartered in Lexington, Kentucky, CLARK is a privately held global company and has built more than one million forklifts across its history. CLARK supplies a full range of internal combustion and electric trucks and parts which are distributed through its global network of more than 550 dealers.
For additional information on CLARK, its products or to locate a dealer visit us on the World Wide Web at www.clarkmhc.com, Facebook at www.facebook.com/clarkmhcna or call toll free 866-252-5275.
Contact: Power Solutions International, Inc. Jeremy Lessaris VP of Global Marketing & Communications +1 (630) 350-9400 [email protected]
