Hiab's "CargoHack3" a success - 8 finalist teams selected to develop new intelligent load handling solutions

CARGOTEC CORPORATION, PRESS RELEASE, 3 JULY 2017 AT 1 PM EEST

Hiab, part of Cargotec, is organising an open innovation challenge in its Test and Innovation Center in Hudiksvall, Sweden on 5-7 September 2017. The call for applications started in May and by the due date Hiab received 35 applications from  Finland, Sweden, France, Hungary, Russia, USA and Zimbabwe. The goal of the Hiab's CargoHack3  - "Time for Elevation" -  is to explore new opportunities in digitalisation and connectivity to ensure easier and safer intelligent load handling that makes the customers' life easier.

"The CargoHack 3 is a tool for the teams to bring their ideas into reality with the help from our mentors. The challenge gained a lot of interest among start up and software companies whose passion is in developing the future of load handling industry. The quality of all the applications was very high which made selecting the eight teams challenging. The limited amount of participants ensures that the mentors have enough time for each of the teams to make the upcoming ideas a success", says Stefan Onkenhout, Director, Innovation and Business Development.  

The three challenges the teams will work with are:

- Making load handling easier and safer

- Securing availability of equipment

- Take the lead in Intelligent Load Handling solutions

The selected teams were especially interested in how the new technology can be applied to increase safety and create value with the help of augmented reality, virtual reality, connectivity, big data and machine learning. The winning teams will get a funding of 20 000 EUR for a pilot project.

"We are looking forward to the CargoHack3 and  the collaboration with the teams with pioneering mind-set", concludes Onkenhout.

For more information, please contact:

In Swedish and English:

Stefan Onkenhout, Director, Innovation and Business Development, Hiab, tel. +46 703 071 430, stefan.onkenhout@hiab.com

In German and English:

Nikolaus Scheurer, Vice President, Marketing & Communications, Hiab, tel. +46 706 00 52 37, nikolaus.scheurer@hiab.com

Hiab is the world's leading provider of on-road load handling equipment, intelligent services and digitally connected solutions. As the industry pioneer, Hiab's more than 3,000 employees worldwide focus on our commitment to increase efficiency in our customers' businesses and to shape the future of intelligent load handling.

Hiab's offering encompasses class-leading load handling equipment, including HIAB loader cranes, LOGLIFT and JONSERED forestry and recycling cranes, MOFFETT truck mounted forklifts, MULTILIFT demountables, and tail lifts under ZEPRO, DEL, and WALTCO brands. Hiab's ProCareTM service, award-winning HiVisionTM crane control system, and HiConnectTM platform demonstrate our constant drive to provide intelligent services and connected solutions that add value to our customers. www.hiab.com

Hiab is part of Cargotec Corporation. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2016 totalled approximately EUR 3.5 billion, and it employs over 11,000 people. www.cargotec.com