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Hagenbuch Strikes Technology License Agreement

Leroy G. Hagenbuch, chairman of Philippi-Hagenbuch Inc. announced that he and Hitachi Construction Machinery/The HCM Group, which includes Hitachi Truck Manufacturing Co. (formerly known as Euclid-Hitachi Heavy Equipment) and Wenco International Mining Systems Ltd, (Wenco) have expanded their existing license agreement to include collection of real-time data.

The original license agreement from January 2000 between LeRoy G. Hagenbuch and as Euclid-Hitachi Heavy Equipment encompasses various vehicle management systems patents.

Under the agreement, Hagenbuch grants HCM a nonexclusive, royalty-bearing license in the United States and various foreign countries to utilize the technology represented by these patents to produce HCM products covered by these patents.

Wenco provides sophisticated fleet management systems for open pit mines worldwide to accurately record equipment activity, location, time and production information. The system provides automatic dispatching to maximize production while delivering specified ore qualities to blend points in addition to high precision GPS applications for the positioning and guidance of excavators, dozers and drills.

For more than 40 years, Philippi-Hagenbuch has been known for its innovative design and construction methods, attention to detail and their total commitment to customers needs, according to the company.