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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY

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Deere mpany : John Deere 944K Hybrid Loader Reaches 1 Million Field Hours

10/22/2020 | 07:40am EST

The 944K Hybrid Loader reaches 1 million operating hours in the field.

  • The 944K Hybrid Wheel Loader reached 1 million operating hours in the field, showcasing the durability and performance of the John Deere electric drive solution.
  • Since its launch in 2015, the 944K has provided customers with a reliable, highly productive, cost-effective equipment solution designed with their needs in mind.

Moline, IL (October 20, 2020) - A testament to the durability and performance of the John Deere machines, the 944K Hybrid Wheel Loader has logged 1 million operating hours in the field. With the achievement of this milestone, customers can be confident in the 944K's quality and reliability, even in the toughest of conditions.

'Whenever we develop a machine, customer needs, such as durability, productivity, profitability and low operating costs, are always at the forefront of our designs. By reaching the 1 million-hour mark on our 944K loaders, we are affirming that electrically driven machines offer proven durability and performance advantages for our customers,' said Grant Van Tine, solutions marketing manager, John Deere. 'We're always looking for new ways to improve upon the equipment our customers need and can use our field-proven design to develop and perfect even more solutions in the future.'

First launching in 2015, the 944K Hybrid model provides customers with a reliable, efficient, cost-effective solution. The 944K Hybrid features a 536-horsepower, Final Tier 4 engine, which delivers impressive torque and responsiveness while maintaining good boom and bucket speed. At Cornejo & Sons (Summit Materials), the 944K replaced a size-class larger competitive wheel loader. 'The 944K meets our production requirements as well as our previous piece of equipment, and at a lower cost,' said Adam Ware, site manager for Cornejo & Sons (Summit Materials), which owns a 944K Hybrid Wheel Loader. 'The other machine burned about 24 gallons of fuel an hour, where the 944K burns around 9 gallons per hour while doing the same work.'

In addition to its fuel-saving capabilities, the 944K Hybrid also incorporates other features to deliver reliable, long-term performance, especially in quarry or large loadout applications. Most notable are the brushless AC generators and motors, water-cooled brake resistors and solid-state power electronics. The 944K's electric drive system significantly reduces operating costs for customers compared to conventional drivetrains by eliminating torque converter and transmission rebuilds at mid-life.

Other key features include standard traction control, which automatically limits torque to any wheel when slippage occurs, increasing machine traction in poor underfoot conditions, and enhanced rimpull control to virtually eliminate tire spin and slicing. Coast control reduces service-brake wear and includes functions, like dynamic braking in a hydrostatic transmission, slowing the loader without touching a pedal and helping to reduce service-break component wear. To learn more about the 944K Hybrid Wheel Loader, visit your local John Deere dealer or http://www.johndeere.com.

For further information, the news media should contact:

Worldwide Construction & Forestry Division
P.O. Box 8806
Moline, IL 61266-8806

Amy Jones, imre
Phone: 410-821-8220
E-mail: amyj@imre.com

About John Deere
Deere & Company (www.JohnDeere.com) is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure.

Disclaimer

Deere & Company published this content on 20 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 11:39:05 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 30 236 M - -
Net income 2020 2 434 M - -
Net Debt 2020 25 912 M - -
P/E ratio 2020 34,1x
Yield 2020 1,21%
Capitalization 81 985 M 81 985 M -
EV / Sales 2020 3,57x
EV / Sales 2021 3,43x
Nbr of Employees 73 489
Free-Float 58,3%
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Ryan D. Campbell Chief Financial Officer & Senior Vice President
Rajesh Kalathur Chief Information Officer
Jahmy J. Hindman Chief Technology Officer
Dipak Chand Jain Independent Director
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