Modern Group Signs Exclusive Dealer Agreement With BYD Forklifts

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Leading Forklift Distributor Adds Revolutionary Iron Phosphate Powered Forklifts To Already Impressive Line-Up.

Modern Group Announces Dealer Agreement With BYD Forklifts

"This battery technology turns the logistics of managing an electric forklift fleet on its head and delivers dramatic benefits to the customer." - Paul Farrell, President and CEO of Modern

Modern Group, Ltd and BYD Company, Ltd have announced a dealer agreement which grants Modern exclusive distribution of BYD Forklifts in the Mid-Atlantic. BYD is one of the largest publicity traded companies in The US and China and is the world leader in the emerging spaces of consumer, commercial and industrial electric vehicles. 60 percent of BYD’s stock is owned by US shareholders, the single largest being Berkshire-Hathaway. The BYD Forklift line is the first commercially available Li-Ion (iron phosphate) powered forklift in the North American market.

The result of years of research and development, this cutting edge battery technology represents a fundamental shift in how operations utilizing electric forklifts can operate. BYD Forklifts can be fully charged to capacity in just 90 minutes and producing 17 hours of continuous operating time. The iron phosphate battery, with a 10-year warranty, is housed in a self-contained module which does not need to be removed, maintained or serviced at any time by the owner. This not only brings dynamic capabilities during forklift operation but also a dramatically reduced total cost of ownership.

"BYD Forklifts are an industry-wide game changer," said Paul Farrell, President and CEO of Modern. "This battery technology turns the logistics of managing an electric forklift fleet on its head and delivers dramatic benefits to the customer. The addition of BYD Forklift further cements Modern as the leading forklift distributor in the Northeast."

For more information on the BYD Forklifts line and to set up a demonstration at your facility please contact your Modern Forklift Sales Representative at 800-866-3376 or visit Modern's website for BYD Forklifts.

About BYD
BYD Company Ltd., one of China’s largest companies, specializes in battery technologies. Their green mission to “solve the whole problem” has made them industry pioneers and global leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.

As the world’s largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies led to the development of the BYD Iron Phosphate (or "Fe") Battery. This fire-safe, completely recyclable and incredibly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, forklifts, utility vehicles and energy storage facilities. BYD and all of their shareholders, including the great American Investor Warren Buffett, see these environmentally and economically forward products as the way of the future.

About Modern Group, Ltd
Modern Group, one of the nation’s leading equipment distributors, provides sales, leasing, short & long term rental, service, parts, training and financing solutions through its forklifts, power systems, arborist, construction, and warehouse products businesses serving Pennsylvania, New York, New Jersey, and Delaware. For more information visit http://www.moderngroup.com.

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Paul Farrell
@ModernGroup
since: 12/2009
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Modern Group Ltd
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