Versalift Establishes Exclusive Joint Venture with China Grid Subsidiary Xuji.

Beijing, China – Despite significant tariff increases between the United States and China and a challenging climate for international trade, XJ Electric (Xuji) and Versalift, a Time Manufacturing Company, have completed negotiations on two ground-breaking new joint ventures. XJ Electric is a major Chinese Electric Utility company and Versalift is a global manufacturer of bucket trucks, aerial lifts and other equipment used in the construction and maintenance of electric power infrastructure, based in the United States.

Members of the press and media are invited to join representatives from XJ Electric and Time/Versalift for an official announcement which will be made at 10AM-12PM on December 18, 2018, at the GUIDU HOTEL BEIJING. Specific details of the agreements and their impact will be revealed to the media and press at that time.

PRESS INVITE: 10AM-12PM

DECEMBER 18, 2018

GUIDU HOTEL BEIJING

The Chinese electric power infrastructure system is growing very quickly, with dozens of ambitious projects continuing to push reliable and high-quality electric power to more and more Chinese homes and businesses. With such an expansion, The Chinese Grid will continue to have need for high-reach equipment to support and manage its hundreds of thousands of miles of transmission and distribution line. XJ Electric is responsible for a significant portion of the Chinese electric power grid.

As a manufacturer of the safest and most reliable insulated aerial lifts available in the world, Time/Versalift continues to lead the charge in aerial lift innovation. Most recently, the company has released its newest safety innovation, TruGuard™, which provides additional layers of protection to technicians working at the platform.

Versalift is a leading global manufacturer of bucket trucks, digger derricks, aerial lifts and other specialty equipment for power generation, transmission and distribution, investor-owned utility, telecommunications, bridge inspection, light and sign, and tree care industries. Working with government agencies and corporations through its global network of facilities and family of dealers, the company employs more than 900 associates worldwide.

Media Contact: David Post  | (254) 399-2139  | DavidPost@Versalift.com