MAHA - Gray Agreement

Pinckard, AL, November 24, 2010 --(PR.com)-- Gray Manufacturing Inc., MAHA USA, LLC and MAHA Maschinenbau Haldenwang GmbH & Co KG have entered into a Patent License Agreement in connection with Wireless Coordinated Lift Systems or Wireless Mobile Column Lifts. While terms of the agreement are confidential, the agreement allows MAHA to produce, use and sell Wireless Coordinated Lift Systems protected under Patents acquired by Gray through the United States Patent and Trade Office and the Canadian Intellectual Property Office. Patents specifically covered under the Agreement include US Patent Number US RE 41,554 E, issued August 24th 2010; US Patent Number 7,014,012 issued March 21, 2006; US Patent Number 7,219,770, issued May 22nd, 2007, and Canadian Patent Number CA 2,406,340, issued January 23rd 2007. The Agreement will continue until the last patent covered under the Agreement expires.

MAHA USA COO Wolfgang Raffler is very pleased about partnering with Gray Manufacturing and the Agreement, specifically the fact that MAHA will be the only ball-screw driven Mobile Column Lift Manufacturer with a valid License Agreement in place to manufacture and sell Wireless Coordinated Lift Systems or Wireless Mobile Column Lifts within the United States and Canada.

Gray Manufacturing President Stet Schanze indicated he is pleased with the Agreement, “We have found through our talks with MAHA we share many of the same business values, including production of quality products. The Agreement will permit MAHA to manufacture and sell product covered under patents obtained and owned by Gray, and allow Gray to receive validation and appropriate compensation for its patent property rights.”

The two parties have also entered into a Private Label Agreement which allows MAHA USA to offer their distribution network other Gray designed and manufactured products.

This allows MAHA to offer an extended line of lifting equipment and provides to Gray an additional distribution channel.

Any specific questions about this agreement should be directed as follows:

Sterett W. “Stet” Schanze
President
Gray Manufacturing Company, Inc.
3501 S. Leonard Road
St. Joseph, MO 64503
Phone: 816-233-6121

Wolfgang Raffler
Chief Operating Officer
MAHA USA, LLC
2404 Pinckard, Al 36371
Phone: 334-984-0153

About Gray Manufacturing
Gray Manufacturing Company Inc. is a family owned and operated business since 1952 located in St. Joseph, MO, specializing in manufacturing and selling portable lifting equipment for use by professional mechanics.

About MAHA USA, LLC and MAHA Maschinenbau Haldenwang
MAHA Maschinenbau Haldenwang is also a family owned and operated business and was founded in Haldenwang, Germany in 1969. MAHA Maschinenbau mainly specializes in Automotive Testing Equipment and serves all types of customers, ranging from the small shop to the Automotive Manufacturers.

MAHA USA, LLC opened its doors in 1999 with a full line of manufacturing capabilities mainly focusing on lifting equipment which is sold worldwide for the entire MAHA Group of Companies.

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