CORPORATE NEWS

Crown Equipment and JBT Join Forces

NEW BREMEN, Ohio (March 26, 2019) – Crown Equipment Corporation, one of the world’s largest material handling companies, and JBT Corporation (NYSE: JBT), a leading global solutions provider of technologically sophisticated systems and products, today announced the two companies are forming a strategic collaboration in order to support customers seeking to maximize the benefits of material handling automation to achieve tangible, predictable return on investment (ROI). The association of these two proven technology leaders provides increased access to an expanding portfolio of automation capabilities to meet material handling needs today and in the future.

“While the market has been buzzing about the potential of material handling automation, we have been working diligently to develop a practical approach for our customers to leverage automation-related technologies to solve operational challenges,” said Jim Mozer, senior vice president, Crown Equipment. “Part of our approach is collaborating with the experts at JBT to accelerate the development of Crown’s DualMode scalable and flexible automated solutions that are capable of multiple methods of operation, providing the support customers need as they transition through their entire automation journey.”

The automation expertise and insight JBT brings to the relationship will amplify and complement Crown’s ongoing research and development related to automation technologies. For example, the Crown DualMode T tow tractor, which can switch between manual and automated operation, is an early result of this collaboration that is currently being piloted through Crown’s early adopter release initiative. It joins Crown’s growing automation solutions portfolio that includes the QuickPick® Remote order picking system and the Crown TSP Series turret trucks with Auto Positioning System.

“Our customers are always looking for an easy way into automation,” said Barry Douglas, general manager and vice president, JBT Automated Systems. “By working with Crown, we can more easily meet these expectations for end users. Also, they know that Crown trusts JBT, which reinforces the trust they place in us. Ultimately, our work with Crown will push the industry forward in a genuine way.”

About Crown Equipment Corporation

Crown is one of the world’s largest material handling companies with a reputation for award-winning product design, advanced engineering and technology, and superior after-sale service. Crown’s business philosophy utilizes vertically integrated processes to design, manufacture and distribute forward-thinking, innovative solutions that improve customers’ productivity and operating efficiency. Crown produces a broad range of forklifts as well as automation and fleet management technologies.

The company’s global headquarters is located in New Bremen, Ohio, USA, with regional headquarters in Australia, China, Germany and Singapore. Its employees number more than 15,500 worldwide. Crown operates a service and distribution network that exceeds 500 retail locations in over 80 countries. To learn more about Crown’s ideas for helping customers advance the productivity of their operations, visit crown.com.

About JBT Corporation

JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods and automated system solutions. JBT designs, produces and services sophisticated products and systems for multi-national and regional customers through its FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 5,700 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries. For more information, please visit www.jbtc.com.

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