Forklift Power Management and Telematics

Forklift Power Management and Telematics

One of the unique ways HCO Innovations help companies with their forklift operations is something you may find in your car. Telematics, part of our forklift power management program, refers to the use of wireless devices within a crash-resistant black box that transmits data in real time. Telematics makes cars safer with emergency crash notification, assisting with navigation, summoning roadside assistance and a number of other tasks.

Forklift power management programs use telematics to help optimize and monitor your fleet’s energy usage. Electric forklift batteries can be extremely expensive, one alone costing as much as tens of thousands of dollars. Keeping these batteries charged can be a financial drain on utilities. In addition, time can be lost during peak hours while these batteries are charging.

Telematics help optimize and improve your rates of power-use, insights into your workflows, and keep careful data and statistics on forklift and battery performance. For example, a charging station for forklift batteries is more economically efficient than routinely changing batteries. Utilizing telematics, a program might be developed where charging stations activate at 2 a.m. when utility rates are usually cheapest. Also, having batteries charged overnight will keep your forklifts in full capacity during peak production hours.

Telematics is just one way you can reduce your overall expenses and costs while increasing operating efficiency and increasing your profits. In this industry, you can never have too much data and analysis to help your business grow efficiently.

We're Here To Help

Our customers are at the center of everything we do. HCO knows that many of you are navigating unprecedented challenges and we’re here to help.

The current economic environment has created stress on many of the core industries that this country relies on to thrive.
- Corporate liquidity is at a premium and the management of your balance sheet is critical.
- Bank and vendor leasing for equipment is tightening as corporate credit ratings are in flux and lenders are focused on securing their own capital.

HCO is leading through this disruption with customized forklift fleet programs that allow companies to 1) replace fleet assets and 2) service those assets without relying on banks or vendors for leasing. Our managed service programs allow companies to secure assets and service programs with no upfront capital, and no end of term lease obligations. We are reinventing the way companies access equipment and service. Please reach out to discuss whether this would be valuable to your company.

As we execute our business continuity plan, we will rely on the guidance from the Center for Disease Control, federal, state, and local governments to guide our decisions to keep our employees and our customers’ employees safe. We are committed to continuing to provide clients with our valuable services.

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