New Service Contracts Allow Genie Customers To Maintain Equipment And Its Value

REDMOND, WASH. (Apr 15, 2010) – Terex Aerial Work Platforms (AWP) now offers Genie 360°™ Maintenance and Inspection Contracts in North America. Available on all new Genie® aerial work platform models, all scheduled maintenance and inspection related fees are included under one contract which makes life for equipment owners more convenient, and equipment even more valuable.

“Our new Maintenance and Inspection contracts ultimately allow for sound business planning for equipment owners across the country,” said Thor Wickstrom, director of sales, Terex AWP. “We have taken out a lot of the guess work when it comes to maintaining equipment. With our convenient contracts, it’s all planned out ahead of time. This minimizes downtime and revenue loss, and increases customer retention. Plus, a Genie 360° maintenance contract can extend the life of the equipment while increasing residual values.”

With a new Genie 360° Maintenance and Inspection Contract, customers don’t need to worry about when to bring in their equipment or how to pay for unplanned repairs. Through a contract, all maintenance work is paid for upfront so there won’t be any unexpected costs. Options include single year or multi-year contracts, with financing available through a Terex Financial Services™ plan so costs may be rolled into monthly payments. Contracts are also transferable – a bonus for the next owner of the equipment, and may be bundled with Terex Xtend™, the Company’s extended protection plan.

Other benefits include calculating the total cost of ownership to help with expense planning, ensuring that routine service and maintenance requirements are checked on a consistent basis to help minimize the potential for major repairs. All maintenance will be performed by factory authorized and trained technicians.

Maintenance services are an important component of the new Genie 360° aftermarket offerings. Genie 360° is a comprehensive collection of customer support services -- ranging from parts to refurbishment -- that provides customers a dedicated team of solutions professionals. For more information, contact a Genie sales representative or visit the Genie website at www.genieindustries.com.

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing & Mining. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining, and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com.

Public Relations Contact
Melinda Zimmerman-Smith
Phone:425.556.6511
Fax:425.556.6535
Email: melinda.smith@terex.com