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Columbus McKinnon's Innovative Battery-Powered Hoist Named 2024 Product of the Year by Material Handling Product News

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Columbus McKinnon's BatteryStar™ Battery-Powered Chain Hoist has been awarded the 2024 'Product of the Year' in the Overhead Handling category by Material Handling Product News. The innovative product combines the lifting strength of an electric chain hoist with the portability of a manual hoist, powered by lithium-ion battery technology.

The BatteryStar features a quick-swap battery system and brushless motor technology, eliminating the need for manual operation or power source access. The product has exceeded early demand expectations since its Q2 launch and is being sold under the CM® brand in North and Latin America and the Yale® brand in Europe, Middle East, Africa, and Asia Pacific.

Il BatteryStar™ Sollevatore a Catena Alimentato a Batteria di Columbus McKinnon ha vinto il premio 'Prodotto dell'Anno 2024' nella categoria Manutenzione Aerea assegnato da Material Handling Product News. Questo prodotto innovativo combina la potenza di sollevamento di un sollevatore a catena elettrico con la portabilità di un sollevatore manuale, alimentato dalla tecnologia delle batterie agli ioni di litio.

Il BatteryStar presenta un sistema di batterie veloce da sostituire e tecnologia del motore senza spazzole, eliminando la necessità di operazioni manuali o accesso a fonti di alimentazione. Il prodotto ha superato le aspettative di domanda iniziale sin dal suo lancio nel secondo trimestre ed è in vendita con il marchio CM® in Nord e Sud America e con il marchio Yale® in Europa, Medio Oriente, Africa e Asia Pacifico.

El BatteryStar™ Elevador de Cadena Con Energía de Batería de Columbus McKinnon ha sido galardonado con el premio 'Producto del Año 2024' en la categoría de Manipulación Aérea por Material Handling Product News. Este producto innovador combina la fuerza de elevación de un elevador de cadena eléctrico con la portabilidad de un elevador manual, impulsado por la tecnología de baterías de iones de litio.

El BatteryStar cuenta con un sistema de batería intercambiable y tecnología de motor sin escobillas, eliminando la necesidad de operación manual o acceso a la fuente de energía. El producto ha superado las expectativas de demanda inicial desde su lanzamiento en el segundo trimestre y se vende bajo la marca CM® en América del Norte y del Sur y la marca Yale® en Europa, Medio Oriente, África y Asia Pacífico.

콜럼버스 맥키넌의 배터리스타™ 배터리로 구동되는 체인 호이스트는 물자 취급 제품 뉴스에 의해 2024년 '올해의 제품'으로 선정되었습니다. 혁신적인 이 제품은 전기 체인 호이스트의 리프팅 강도와 수동 호이스트의 휴대성을 결합하였으며, 리튬 이온 배터리 기술로 구동됩니다.

배터리스타는 빠른 교체가 가능한 배터리 시스템과 브러시리스 모터 기술을 특징으로 하며, 수동 작동이나 전원 접근의 필요성을 없애줍니다. 이 제품은 2분기 출시 이후 초기 수요 기대치를 초과했으며, 북미 및 남미에서는 CM® 브랜드, 유럽, 중동, 아프리카 및 아시아 태평양에서는 Yale® 브랜드로 판매되고 있습니다.

Le BatteryStar™ Palan à Chaîne Alimenté par Batterie de Columbus McKinnon a été récompensé par le prix 'Produit de l'Année 2024' dans la catégorie Manutention Aérienne par Material Handling Product News. Ce produit innovant combine la puissance de levage d'un palan à chaîne électrique avec la portabilité d'un palan manuel, alimenté par la technologie de batteries lithium-ion.

Le BatteryStar dispose d'un système de batterie à échange rapide et d'une technologie de moteur sans balais, éliminant ainsi le besoin d'une opération manuelle ou d'un accès à une source d'énergie. Le produit a dépassé les attentes de demande initiales depuis son lancement au deuxième trimestre et est vendu sous la marque CM® en Amérique du Nord et du Sud, ainsi que sous la marque Yale® en Europe, au Moyen-Orient, en Afrique et dans la région Asie-Pacifique.

Der BatteryStar™ Batteriebetriebene Kettenzug von Columbus McKinnon wurde von Material Handling Product News mit dem 2024 'Produkt des Jahres' in der Kategorie Überkopfhandhabung ausgezeichnet. Das innovative Produkt vereint die Hebekraft eines elektrischen Kettenzugs mit der Portabilität eines manuellen Zugs und wird durch Lithium-Ionen-Batterietechnologie betrieben.

Der BatteryStar verfügt über ein schnelles Wechselsystem für die Batterie und bürstenlose Motorentechnologie, wodurch keine manuelle Bedienung oder Zugang zu einer Stromquelle erforderlich ist. Das Produkt hat seit seiner Einführung im zweiten Quartal die Erwartungen an die anfängliche Nachfrage übertroffen und wird unter der Marke CM® in Nord- und Südamerika sowie unter der Marke Yale® in Europa, dem Nahen Osten, Afrika und im asiatisch-pazifischen Raum verkauft.

Positive
  • Product received prestigious industry award, enhancing market recognition
  • Early demand has exceeded company expectations since Q2 launch
  • Product creates new market category with potential for long-term growth
  • Global distribution through established CM® and Yale® brands
Negative
  • None.

Insights

The BatteryStar hoist represents a significant product innovation in the material handling industry, combining electric hoist capabilities with manual hoist portability. The product's early demand exceeding expectations since its Q2 launch signals strong market acceptance. This breakthrough could expand Columbus McKinnon's addressable market by creating a new product category that bridges the gap between traditional electric and manual hoists.

The global industrial hoists market is projected to grow significantly, driven by increasing automation in manufacturing and warehousing. BatteryStar's unique value proposition of eliminating power source dependencies while maintaining electric hoist performance could capture market share from both traditional electric and manual hoist segments. With distribution through established CM® and Yale® brands across global markets, the company is well-positioned to capitalize on this innovation.

BatteryStar™ Hoist Further Strengthens Columbus McKinnon's Position as a Leader in Intelligent Lifting Technology  

CHARLOTTE, N.C., Dec. 10, 2024 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company), a leading designer and manufacturer of intelligent motion solutions, products and technologies for material handling, is pleased to announce that its new BatteryStar™ Battery-Powered Chain Hoist was named 2024 'Product of the Year' in the Overhead Handling category by Material Handling Product News. BatteryStar was chosen by readers to receive the award, honoring its achievement of advancing material handling systems and equipment within manufacturing, distribution, and warehouses.

"The BatteryStar is a state-of-the-art lifting tool that represents the next step in lifting innovation, combining the lifting strength and speed of an electric chain hoist with the portability of a manual hoist," said David Wilson, President and Chief Executive Officer. "We are thrilled to receive this award for this first-of-its-kind technology, as it's a testament to our customer-centric focus on innovation. Early demand has exceeded our expectations since the product's launch in the second quarter and we're excited by the long-term potential of this new product category."

The BatteryStar combines Columbus McKinnon's industry-leading hoist design with best-in-class, lithium-ion battery and brushless motor technology. The result is a first-of-its-kind hoist that provides the lifting strength and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source. Built for convenience, operators can simply snap in a battery, and they are ready to lift. When a replacement battery is needed, the BatteryStar allows an operator to replace the battery quickly and easily for minimal operation interruption.

The BatteryStar is sold by Columbus McKinnon under the CM® brand in North America and Latin America and the Yale® brand in Europe, the Middle East, Africa, and Asia Pacific. To learn more, visit www.cmco.com.

About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how.  Comprehensive information on Columbus McKinnon is available at www.cmco.com.

Contacts:

Kristine Moser

VP IR and Treasurer

Columbus McKinnon Corporation

704-942-3253

kristy.moser@cmco.com

 

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SOURCE Columbus McKinnon Corporation

FAQ

What award did Columbus McKinnon (CMCO) receive for its BatteryStar hoist in 2024?

Columbus McKinnon's BatteryStar hoist was named 2024 'Product of the Year' in the Overhead Handling category by Material Handling Product News.

When was the BatteryStar hoist launched by Columbus McKinnon (CMCO)?

The BatteryStar hoist was launched in the second quarter of 2024.

What are the key features of Columbus McKinnon's (CMCO) BatteryStar hoist?

The BatteryStar combines electric chain hoist strength with manual hoist portability, featuring lithium-ion battery technology, brushless motor, and quick-swap battery system.

Where is Columbus McKinnon's (CMCO) BatteryStar hoist being sold?

The BatteryStar is sold under the CM® brand in North and Latin America, and under the Yale® brand in Europe, Middle East, Africa, and Asia Pacific.

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