Our first Tech Day shows how we are
Breaking New Ground in Agriculture
London, December 7, 2022
CNH Industrial is making great strides in
delivering on its Ag Tech roadmap. We are demonstrating achieved
progress in the Precision Technology
space at a two-day event for financial, investor
and media communities. It is taking place in Phoenix, Arizona, USA
today (December 7) and tomorrow (December 8). It will showcase how
we are developing and commercializing industry-leading products in
automation, autonomy, digital, alternative fuels and
electrification to benefit our customers, the world’s farmers, and
the Earth.
“Our Tech Day will show the world how CNH
Industrial is leveraging our great iron to develop and deploy
technology that simplifies and enhances operations; provides
insightful data; and utilizes alternative power solutions – all to
sustainably advance farming,” says Scott W. Wine, Chief
Executive Officer, CNH Industrial. “Raven’s significant
contributions to this effort will also be on full display –
demonstrating how we have incorporated their capabilities and
accelerated our technology offering to create customer solutions
that drive efficiency and profitability.”
CNH Industrial’s full year 2022 Agriculture net
sales are expected to include an estimated $900
million contribution coming exclusively from
Precision Technology components. We forecast a 10
- 15% annual
growth rate across the next two to three years and are aggressively
pursuing an estimated $1 billion
in 2023 net sales contribution from Precision Technology
components. Precision Technology components include technology
contained in wholegoods, retrofit components, and Raven third-party
sales.
Telling the
story, showing the
resultsThe morning will see CNH Industrial’s leaders and
technical experts review our Ag Tech innovations with a specific
focus on Precision Technology through Automation, Autonomy and
Connected Platform technologies. Industry firsts and new
technology developments – both at commercial and concept
stage – will also be presented. A discussion on the
Business
Impact of Ag
Tech will outline how Precision Technology drives
value for our customers, business, R&D and talent. Then we will
go out in the field and show our audience these technologies in
action – ready for farmers to put to work across the full farming
cycle.TILLAGESoil by Soil Precision
PLANTINGSeed by Seed Precision
APPLICATION Drop by Drop
Precision
HARVESTINGGrain by Grain
Precision
ORCHARD & VINEYARDFruit by
Fruit Precision
HAY & FORAGECut by Cut
Precision
SUSTAINABILITYSource by Source
Customer-focused:
helping farmers solve big challenges
Precision is embedded into our technology
solutions and it helps farmers make better decisions by seeing,
sensing, and acting on data levels beyond what they were previously
able to access.
Here are the key areas where we are driving
productivity for our customers:
Automationdelivers higher
yields, reduces input costs and operator fatigue, improves
efficiency and lowers environmental impact.
Autonomy expands operating
windows and increases productivity.
Our Connected
Platformlinks farmers to their machines, fields,
team, and partners helping them manage their operations from
anywhere, anytime.
The Raven advantageRaven is
accelerating our autonomy program and enhancing our Tech Stack
capabilities to deliver solutions faster. In just over a year, we
have already developed and brought cutting-edge firsts to the
world’s fields through our Brands. These include the industry’s
first autonomous spreader. And even more firsts
will be launched at Tech Day – showing how together, we offer an
open ecosystem that drives early adoption and learning.
Alternative fuels. Real
world benefitsThe demand to reduce
emissions and address the evolving energy crisis intensifies our
drive to find new ways to power our iron. CNH Industrial is a first
mover in alternative fuels and electrification for agriculture.
This event will see us unveil world firsts
for Liquefied Natural
Gas – generated from captured Methane – and
Electrification in farming. They
play a key role in our sustainability journey to set and reach
science-based reduction targets.
CNH Industrial’s technology solutions
demonstrate our commitment to sustainably advancing the noble work
of farmers everywhere.
Follow updates from the
event at:
bit.ly/CNHITechDay
Forward-looking statements
All statements other than statements of
historical fact contained in this press release, including
competitive strengths; business strategy; future financial position
or operating results; budgets; projections with respect to revenue,
income, earnings (or loss) per share, capital expenditures,
dividends, liquidity, capital structure or other financial items;
costs; and plans and objectives of management regarding operations
and products, are forward-looking statements. Forward looking
statements also include statements regarding the future performance
of CNH Industrial and its subsidiaries on a standalone basis. These
statements may include terminology such as “may”, “will”, “expect”,
“could”, “should”, “intend”, “estimate”, “anticipate”, “believe”,
“outlook”, “continue”, “remain”, “on track”, “design”, “target”,
“objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”,
or similar terminology. Forward-looking statements, including those
related to the COVID-19 pandemic, are not guarantees of future
performance. Rather, they are based on current views and
assumptions and involve known and unknown risks, uncertainties and
other factors, many of which are outside our control and are
difficult to predict. If any of these risks and uncertainties
materialize (or they occur with a degree of severity that the
Company is unable to predict) or other assumptions underlying any
of the forward-looking statements prove to be incorrect, including
any assumptions regarding strategic plans, the actual results or
developments may differ materially from any future results or
developments expressed or implied by the forward-looking
statements. Factors, risks and uncertainties that could cause
actual results to differ materially from those contemplated by the
forward-looking statements include, among others: the continued
uncertainties related to the unknown duration and economic,
operational and financial impacts of the global COVID-19 pandemic
and the actions taken or contemplated by governmental authorities
or others in connection with the pandemic on our business, our
employees, customers and suppliers; supply chain disruptions,
including delays caused by mandated shutdowns, industry capacity
constraints, material availability, and global logistics delays and
constraints; disruption caused by business responses to COVID-19,
including remote working arrangements, which may create increased
vulnerability to cybersecurity or data privacy incidents; our
ability to execute business continuity plans as a result of
COVID-19; the many interrelated factors that affect consumer
confidence and worldwide demand for capital goods and capital
goods-related products, including demand uncertainty caused by
COVID-19; general economic conditions in each of our markets,
including the significant economic uncertainty and volatility
caused by the war in the Ukraine and COVID-19; changes in
government policies regarding banking, monetary and fiscal policy;
legislation, particularly pertaining to capital goods-related
issues such as agriculture, the environment, debt relief and
subsidy program policies, trade and commerce and infrastructure
development; government policies on international trade and
investment, including sanctions, import quotas, capital controls
and tariffs; volatility in international trade caused by the
imposition of tariffs, sanctions, embargoes, and trade wars;
actions of competitors in the various industries in which we
compete; development and use of new technologies and technological
difficulties; the interpretation of, or adoption of new, compliance
requirements with respect to engine emissions, safety or other
aspects of our products; production difficulties, including
capacity and supply constraints and excess inventory levels; labor
relations; interest rates and currency exchange rates; inflation
and deflation; energy prices; prices for agricultural commodities;
housing starts and other construction activity; our ability to
obtain financing or to refinance existing debt; price pressure on
new and used equipment; the resolution of pending litigation and
investigations on a wide range of topics, including dealer and
supplier litigation, intellectual property rights disputes, product
warranty and defective product claims, and emissions and/or fuel
economy regulatory and contractual issues; security breaches,
cybersecurity attacks, technology failures, and other disruptions
to the information technology infrastructure of CNH Industrial and
its suppliers and dealers; security breaches with respect to our
products; our pension plans and other post-employment obligations;
political and civil unrest; volatility and deterioration of capital
and financial markets, including other pandemics, terrorist attacks
in Europe and elsewhere; our ability to realize the anticipated
benefits from our business initiatives as part of our strategic
plan; our failure to realize, or a delay in realizing, all of the
anticipated benefits of our acquisitions, joint ventures, strategic
alliances or divestitures and other similar risks and
uncertainties, and our success in managing the risks involved in
the foregoing. Forward-looking statements are based upon
assumptions relating to the factors described in this press
release, which are sometimes based upon estimates and data received
from third parties. Such estimates and data are often revised.
Actual results may differ materially from the forward-looking
statements as a result of a number of risks and uncertainties, many
of which are outside CNH Industrial’s control. CNH Industrial
expressly disclaims any intention or obligation to provide, update
or revise any forward-looking statements in this announcement to
reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking
statements are based. Further information concerning CNH
Industrial, including factors that potentially could materially
affect CNH Industrial’s financial results, is included in CNH
Industrial’s reports and filings with the U.S. Securities and
Exchange Commission (“SEC”), the Autoriteit Financiële Markten
(“AFM”) and Commissione Nazionale per le Società e la Borsa
(“CONSOB”).
All future written and oral forward-looking
statements by CNH Industrial or persons acting on the behalf of CNH
Industrial are expressly qualified in their entirety by the
cautionary statements contained herein or referred to above.
CNH Industrial (NYSE: CNHI /
MI: CNHI) is a world-class equipment and services company. Driven
by its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland Agriculture supply
360° agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Flexi-Coil, specializing in tillage and seeding
systems; Miller, manufacturing application
equipment; Kongskilde, providing tillage, seeding
and hay & forage implements; and Eurocomach,
producing a wide range of mini and midi excavators for the
construction sector, including electric solutions.
Across a history spanning over two centuries,
CNH Industrial has always been a pioneer in its sectors and
continues to passionately innovate and drive customer efficiency
and success. As a truly global company, CNH Industrial’s 37,000+
employees form part of a diverse and inclusive workplace, focused
on empowering customers to grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands
visit: media.cnhindustrial.com
Contacts:
Media RelationsEmail:
mediarelations@cnhind.com
Investor RelationsEmail:
investor.relations@cnhind.com
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