Komatsu America Corp. and TaskPoint Forge Strategic Alliance to Offer Specific Komatsu Equipment Through www.taskpoint.com.Business & High-Tech Editors VERNON HILLS Vernon Hill II (born circa 1946) is the founder and former chairman, president, and chief executive officer of Commerce Bancorp and Commerce Bank of Cherry Hill Township, New Jersey. , Ill.--(BUSINESS WIRE)--July 23, 2001 As a strategic investor in TaskPoint, Komatsu America Corp. and its Utility Operation expand their continuing eBusiness initiatives that deliver bottom line benefits to its distribution channel and customers. The launch of the TaskPoint relationship is to the Komatsu Utility Market. Komatsu America Corp., a wholly-owned subsidiary of Tokyo-based Komatsu Ltd., and TaskPoint Inc., an e-commerce company for the construction equipment industry, today announced that Komatsu America has become a strategic investor in TaskPoint, and through its utility operation subsidiary will employ www.taskpoint.com to provide its end-using customers with easy access to certain of its industry leading utility equipment. This initiative is another example of Komatsu's continued commitment to leverage internet technology to support its distributors and its customers. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Rod Schrader, President of Komatsu Utility Corp., "The combined industry expertise of TaskPoint and Komatsu will allow us to provide superior value solutions to our utility product customers and better service our distribution channel through this additional medium. It will also help us reach new markets and improve efficiencies in working with our distributors and customers, while lowering our cost of sales and the cost of doing business." Bill Dears, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TaskPoint, added, "This latest industry investment for TaskPoint along with Komatsu's world class product offering is instrumental in solidifying so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our mission of building the leading edge e-commerce solution for the construction industry. We strongly believe that this arrangement will continue to complement and benefit the industry as a whole." Komatsu America Chief Information Officer Hiro Higashide stated, "TaskPoint's industry driven, virtual distribution channel and e-commerce site will enable Komatsu to expand its reach to contractors in the utility industry that seek small to mid-size equipment. Komatsu is dedicated to adopting proven technology that can improve the performance of our customer and distributor organizations." The Komatsu strategic alliance with TaskPoint is part of a series of initiatives designed to optimize optimize - optimisation the quality of service delivered to end-customers. Other recent eBusiness strategic announcements by Komatsu America Corp. or its affiliates include an alliance with QUALCOMM to deliver improved mobile communication solutions that allow construction equipment owners and fleet operators to achieve increased efficiencies and improved asset utilization, an alliance with IronPlanet establishing a used construction equipment auction website, and the formation of the eBusiness Strategy Team to develop strategic technology and business alliances, and determine new investment opportunities. Komatsu America International Company, Inc. (KAIC KAIC Thousand Amps Interrupting Capacity (RMS symmetrical) KAIC Kilo-Amperes Interrupting Capacity , www.komatsuamerica.com) and its affiliates Komatsu Mining Systems, Inc. (KMS KMS - Knowledge Management System , www.komatsumining.com) and Komatsu Utility Corp. (KUC KUC Kwantlen University College KUC Kompetencijos Ugdymo Centras (Lithuanian: Competence Development Centre ) , www.komatsuutility.com), are all subsidiaries of Komatsu Ltd., the second largest supplier of construction and mining equipment worldwide. KAIC, KMS, and KUC manufacture and market the Komatsu, Dressta, and Galion lines of construction, mining, and utility products including hydraulic excavators, wheel loaders, crawler Also known as a "Web crawler," "spider," "ant," "robot" (bot) and "intelligent agent," a crawler is a program that searches for information on the Web. Crawlers are widely used by Web search engines to index all the pages on a site by following the links from page to page. dozers, off-highway trucks, motor graders, and backhoe loaders Backhoe loader, also called a Loader backhoe, and commonly shortened to Backhoe, is an engineering vehicle, which consists of a tractor, fitted with a shovel/bucket on the front and a small backhoe on the back. . KAIC, KMS, and KUC are supported by Komatsu Parts and Service through a nationwide distribution network and can be financed through Komatsu Financial. Headquartered in Raleigh, NC, TaskPoint provides Construction Contractors with immediate access to a broad selection of competitively priced products delivered directly to the job. TaskPoint also provides an extensive interactive database for equipment specifications, configuration, compatibility, and a patented task based solution process. TaskPoint was founded in 1999 and is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . More information on TaskPoint can be found at www.taskpoint.com. |
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