AmeraMex International (OTCQB:AMMX) said it has been awarded a $1.5 million five-year equipment lease agreement and shipping to the customer is expected by the end of October.
The company said the agreement is for one Taylor Machine Works X-550 forklift and two Taylor Machine Works X-360 forklifts.
Both machines can handle long duty cycles, with the X-550 forklift having a lift capacity of 55,000 pounds and the X-360 having a capacity of 35,000 pounds.
They are used across a range of industries including steel, aluminum, wood, lumber, concrete, precast, breakbulk, intermodal, ports, rail, and stevedoring.
AmeraMex said the customer will also be leasing a Liu Gong Wheel Loader, a piece of heavy machinery used to load and carry materials across a job site.
It can haul fine materials like sand or large objects like rock and demolition debris and is often used in construction, agriculture and industrial cleanup projects, it noted.
AmeraMex sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber.
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