RAYMOND AND BRAMMO ANNOUNCE TECHNOLOGY ALLIANCE

GREENE, N.Y., Sept. 12, 2016 — The Raymond Corporation and Brammo, Inc., have announced a strategic technology alliance for developing robust lithium-ion alternative energy solutions. The alliance will focus on highly demanding warehouse applications that utilize electric forklifts. Raymond and Brammo have started testing a variety of configurations and will be releasing more information later this year.

"Raymond has consistently worked toward enabling our customers to be as productive and energy efficient as possible, fueled by our commitment to delivering material handling solutions for today's — and tomorrow's — warehouses," said Michael Field, chief executive officer of Raymond. "This technology alliance unites the expertise of two industry leaders, allowing us to apply advanced electric vehicle technology to superior warehouse solutions."

"This new strategic technology alliance between Brammo and Raymond is an important milestone in the development of commercial lithium-ion applications. Creating more efficient commercial solutions underscores our commitment to high performance, without sacrificing environmental responsibility," said Craig Bramscher, CEO of Brammo.

Brammo will be showcasing the Raymond® 8210 walkie pallet jack with a Brammo lithium-ion battery at The Battery Show in Novi, Michigan, Sept. 13 to 15, 2016, Booth 1202.

For more information on Raymond or to locate an authorized Raymond Sales and Service Center, visit www.raymondcorp.com or call 800-235-7200. For more information on Brammo, Inc., visit www.brammo.com or call 541-482-9555.

About The Raymond Corporation
The Raymond Corporation is a global provider of end-to-end warehouse solutions, fleet management, forklift training and support to increase efficiency and lower costs throughout material handling operations. Raymond® forklifts are engineered to achieve higher performance, enhance operator comfort and increase efficiency. Raymond manufactures a full line of forklift trucks — including reach trucks, pallet jacks, pallet stackers, sit-down and stand-up forklifts, orderpickers and turret trucks. The iWAREHOUSE® fleet management and warehouse optimization system provides solutions to manage industrial vehicle fleets, labor efficiencies and warehouses. Additionally, flexible automation, customized solutions and industry-leading consultation from Raymond further enhance and streamline processes while helping customers to drive down costs. Raymond is a recipient of the 2015 Manufacturing Leadership Award from Frost & Sullivan.

About Brammo, Inc.
Brammo, Inc., is a leading electric vehicle technology company headquartered in North America. Brammo designs, develops and integrates electric powertrains for leading OEMs. Powertrain capabilities include Brammo Power™ Battery Modules, Battery Management Systems, Vehicle Control Units, Display Systems, Charging Systems, Drive Controllers and Software, Electric Traction Motors, Transmissions and EV Telematics.

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