EAST
WINDSOR, N.J., July 23,
2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the
"Company"), a manufacturer of all-electric heavy equipment, today
announced it is partnering with Assurant, Inc. (NYSE: AIZ), a
leading global business services company that supports, protects,
and connects major consumer purchases like automobiles, as well as
commercial equipment including heavy construction, agriculture and
forestry equipment.
With more than 30 years of equipment protection expertise,
Assurant is a market leader in protection products for the
commercial equipment industry, providing a full suite of protection
products and services, including extended service protection plans,
physical damage protection, portfolio protection, insurance
tracking services and more, through point-of-sale solutions for
equipment dealers, original equipment manufacturers, and financed
equipment protection for financial institutions.
Through this partnership, HEVI customers will be able to
purchase an Assurant Extended Service Contract (ESC) to protect
covered equipment beyond the manufacturer's base warranty
period.
Raymond Wang, CEO of HEVI,
commented, "We are constantly enhancing and simplifying the
purchasing and ownership experience of HEVI's all-electric heavy
equipment. Customers are our top priority and by partnering with
Assurant, we can give them even higher confidence with a top-tier
extended service contract that ensures long-term coverage. We
expect this extra layer of protection will serve as another
positive catalyst as we work to increase sales and build long-term
value to our shareholders."
"We are pleased to offer industry-leading protection products
for the rapidly expanding HEVI industrial vehicle franchise," said
Dan Lenczner, SVP, Affinity &
Commercial Equipment, Assurant Global Automotive. "As a leader in
both heavy equipment and automotive electric vehicle (EV)
protection solutions, Assurant is well positioned to support HEVI
in bringing innovative solutions to their electric heavy equipment
business. This also aligns with our mutual sustainability goal of
bringing solutions that help minimize the carbon impact on our
global climate."
About Assurant Global Automotive
Assurant
Global Automotive is a leading global solutions provider in
the automobile and commercial equipment industries. Automotive
industry partners span manufacturers, large group and independent
dealers, agents, third-party administrators, financial
institutions, insurance providers, and vehicle technology
companies. With over 50 years of automotive industry
experience, Assurant protects 55 million motor
vehicles in 19 countries by providing innovative solutions like
vehicle service contracts, guaranteed asset protection, and
ancillary products, while providing dealer performance management
and training, participation options, and more. Assurant
Global Automotive is also a market leader in protection
products for the commercial equipment industry, with more than 30
years of equipment protection expertise with the acquisition
of EPG in 2020. Assurant provides a full
suite of protection products and services for equipment dealers and
financial institutions supporting commercial equipment. These
include extended service protection plans, physical damage
protection, guaranteed asset protection, automatic insurance,
portfolio protection, insurance tracking services and
more.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading
global business services company that supports, protects and
connects major consumer purchases. A Fortune 500 company with a
presence in 21 countries, Assurant supports the advancement of the
connected world by partnering with the world's leading brands to
develop innovative solutions and to deliver an enhanced customer
experience through mobile device solutions, extended service
contracts, vehicle protection services, renters insurance,
lender-placed insurance products and other specialty products.
Learn more at assurant.com.
About HEVI Corporation
HEVI is a developer and
manufacturer of sustainable heavy machinery such as all-electric
heavy construction and farm machinery. The Company is a wholly
owned subsidiary of Greenland Technologies Holding Corporation
(Nasdaq: GTEC). Information on the Company's clean industrial heavy
equipment can be found at HEVI at HEVI Corp.
Safe Harbor Statement
This press release contains
statements that may constitute "forward-looking statements." Such
statements reflect HEVI's current views with respect to future
events and are subject to such risks and uncertainties, many of
which are beyond the control of HEVI, including those set forth in
the Risk Factors section of Greenland's Annual Report on Form 10-K filed
with the U.S. Securities and Exchange Commission ("SEC"). Copies
are available on the SEC's website, www.sec.gov. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, HEVI's expectations with respect to future performance.
Should one or more of these risks or uncertainties materialize, or
should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated or expected. Statements
contained in this news release regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. HEVI does not intend and
does not assume any obligation to update these forward-looking
statements, other than as required by law.
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SOURCE Greenland Technologies Holding Corporation
