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April 2015

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MC Machinery Systems Announces Agreement with AKS Cutting Systems



MC Machinery Systems, Inc., a wholly owned subsidiary of MITSUBISHI Corporation, has entered into a multi-year, definitive agreement with AKS Cutting Systems of Cleveland, OH, to license, manufacture, market and distribute the MC Machinery waterjet product line throughout North America. The MITSUBISHI Board of Directors has approved the licensing agreement.

Under the terms of the agreement, AKS Cutting Systems will be the exclusive licensee and manufacturer of the MC Machinery MWX Series waterjet products and will begin to manufacture the waterjet products in Cleveland, OH. These products will be marketed alongside the current AKS CNC plasma, oxy-fuel and fiber laser technologies. "AKS will utilize the strength and durability of the MC Machinery design to offer customers a competitive edge in waterjet cutting, including using the MITSUBISHI CNC control, Taper Control System (TCS) and Ultra-High Pressure 90,000 PSI," said a company spokesperson.

"In AKS, we have a partner with a strong reputation and proven record of success who understands the total market," said Takuya Yoshino, President of MC Machinery. "We believe this agreement recognizes the strengths of each of our companies and puts us both into better position to serve our customers and the market."

"We are proud to be partners with MC Machinery and look forward to growing the waterjet market with their support," Dale Phillip, President and Principal of AKS Cutting Systems. "This agreement offers opportunity for all our products through expanded distribution across multiple channels, and is another example of our focus on long-term growth in action."

MC Machinery will support any machines purchased prior to this agreement with parts and service, as well as honor existing warranties.

For more information contact:

Waterjet Powered by Mitsubishi Electric

c/o MC Machinery Systems, Inc.

1500 Michael Drive

Wood Dale, IL 60191

630-616-5920

mitsedm@mcmachinery.com

www.mitsubishi-world.com

AKS Cutting Systems

4905 Rocky River Dr.

Cleveland, OH 44135

216-267-1818

info@akscutting.com

www.akscutting.com

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