MITSUI E&S Co., Ltd. and PACECO Corp. Receive Order for Eight (8) Paceco-Mitsui Near Zero Emission Hybrid Transtainer Cranes to the Port of Long Beach, California

MITSUI E&S Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Takeyuki Takahashi; hereinafter "MITSUI E&S") and our subsidiary company in the United States, PACECO Corp. (Headquarters: California, U.S., President: Kazuhiro Yamakaji; hereinafter "PACECO") have received an order from the American port operating company, International Transportation Service, LLC. (hereinafter "ITS") for Eight (8) MITSUI-PACECO Near Zero Emission Hybrid Transtainer cranes (Rubber Tyred Gantry crane) for the Port of Long Beach, California, in anticipation of future conversion to zero-emission cranes.

This marks our first U.S. order following the U.S. government's announcement in February 2024, focusing on enhancing port cybersecurity and managing cyber risk for Chinese-made cranes deployed at critical commercial ports via the U.S. Coast Guard (USCG).

Since 1985, we have delivered approximately Twenty (20) MITSUI -PACECO Portainer cranes (Ship to Shore Gantry Cranes) and Forty (40) MITSUI -PACECO Transtainer to ITS. These new cranes are same type as the five cranes delivered in 2023. We are making every effort for the Clean Air Action Plan which aims at zero emissions of all cargo handling equipment at the Port of Los Angeles and Port of Long Beach by 2030.

As pioneers in crane manufacturing industry, MITSUI E&S and PACECO will continue to contribute to the safety of port infrastructure in the U.S., providing high-quality and environmentally-friendly cranes, supporting our customers' operations and aiming for further business expansion in the U.S. region.

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