EDEN PRAIRIE, Minn., April 02, 2013 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced that Cargotec Hiab has integrated MTS Temposonics® position sensors into the design of its mobile machinery, specifically the safety-related functionality of select truck-mounted loader cranes. Based in Helsinki, Finland, Cargotec Hiab is the world's leading manufacturer of on-road load handling machinery.
Installed in the hydraulic cylinder of Cargotec Hiab loader cranes, the sensors closely monitor the position of each of the crane's stabilizer legs, helping to avoid collapses by calculating stability limits in real time and sending information to a system that alerts the operator when those limits are being approached.
"Functional safety is a central concept for all industrial sectors, and active systems are fundamental to enabling the complex technology required for the safety-related systems of industrial machinery," said Dr. William Bachrach, Senior Vice President of MTS Sensors. "With the integration of our sensors, the loader crane control system is able to actively track equipment stability at all times, greatly reducing the risk of physical injury, equipment wear and property damage."
Cargotec Hiab truck-mounted loader cranes with MTS sensors meet the functional safety requirements of IEC 61508, which is an international standard with rules for ensuring the overall safety of equipment under control.
"As more businesses enter the global marketplace, manufacturers face intense pressure to add new features and functionality that differentiate their products," said MTS President and CEO, Dr. Jeffrey Graves. "Our partnership with Cargotec Hiab is one of the many applications for MTS position sensors in this regard. These industry-leading sensors are proving instrumental in helping equipment manufacturers cost-effectively incorporate new innovations into their designs that enhance their products' performance and protect their market share."
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of high-performance test systems and position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 2,147 employees and revenue of $542 million for the fiscal year ended September 29, 2012. Additional information on MTS can be found on the worldwide web at http://www.mts.com.
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements.
Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: government contracting; the Company's significant international business including but not limited to currency value fluctuations, difficulty enforcing agreements and collecting receivables, import and exporting matters, higher danger of terrorist activity, difficulty in staffing and compliance with laws; volatility in the global economy; competition; failure to achieve the Company's growth plans for the expansion of its business because the Company's long-term success depends on its ability to expand its business through new product development, mergers and acquisitions, geographic expansion and service offerings, all of which are subject to inherent risks including but not limited to market demand, market acceptance of products and our ability to advance our technology; difficulties obtaining the services of skilled employees; failure to protect its intellectual property effectively or infringement upon the intellectual property of others; product liability and commercial litigation; difficulty obtaining materials or components for its products; government regulation; the irregularity and development of sales, delivery and acceptance cycle for the Company's products; the Company's customers are in cyclical industries; interest rate fluctuations; the Company may be required to recognize impairment charges for long-lived assets; and cost, reputational and other risks associated with disclosing use of conflict minerals. For a more thorough discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent SEC Form 10-K, 10-Q and 8-K filings. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE MTS Systems Corporation