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Altec Receives PG&E Supplier of the Year Award

Birmingham, AL, Nov. 16, 2010 – Altec Industries announced today that it has received the prestigious “Supplier of the Year” Award from Pacific Gas and Electric Company. The award is presented each year by PG&E to the supplier that best demonstrates excellence in environmental stewardship, innovation, customer satisfaction, safety, diversity, cost reduction and overall value.

Pacific Gas and Electric Company is one of the largest investor owned utilities in the United States. The company is headquartered in San Francisco and has over 20,000 employees serving more than 15 million customers throughout northern and central California. PG&E has over 5,000 suppliers and an annual supply chain budget of $4 billion.

“We are extremely proud and quite humbled by this outstanding recognition,” said Lee Styslinger III, President and CEO of Altec. “PG&E is one of the finest, most innovative utilities in the United States and is focused on providing its customers with clean energy at affordable costs. The “Supplier of the Year” award is a reflection of the commitment demonstrated by Altec associates to develop comprehensive solutions to support PG&E's key strategic objectives.”

When presenting their “Supplier of the Year” award, PG&E specifically highlighted the efforts that Altec made in the areas of environmental stewardship, strategic development and diversity. In particular, the utility recognized Altec as the leading manufacturer of green fleet solutions and industry changing technology that is helping to create manufacturing jobs in California. The initiatives implemented by Altec helped PG&E reduce its carbon emissions profile, provide safer work environments for line crews, reduce fleet operating costs and extend fleet vehicle life. In addition, Altec and PG&E worked together to help develop America's first plug-in, all-electric utility truck.

About Altec

Altec is the world's leading manufacturer of aerial lifts, digger derricks and specialized truck mounted equipment for the electric utility, telecommunications, tree care and construction markets. Altec has manufacturing, sales and service facilities located throughout North America and sells and services equipment in over 100 countries around the world.

CONTACT:

Mark Wegel

Phone: 205-408-8048

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