ATEL Leasing Corporation (“ATEL”), in partnership with Allegheny
Technologies Incorporated (“ATI”), is pleased to announce an agreement
whereby ATEL will provide ATI with an equipment leasing facility to acquire
material handling and construction assets.ATEL will lease to ATI Caterpillar forklifts and a scrap crane. The
equipment will be used at various locations throughout the United States
and reflects the increase in construction activity in this country.ATI is one of the largest and most diversified specialty metals producers
in the world, with revenues of approximately $5.2 billion for the last
twelve months. With approximately 11,300 full-time employees in more than
90 locations world-wide, ATI offers global markets a wide range of
specialty metals solutions to markets and customers located throughout the
world. Their major markets are aerospace and defense, oil and gas/chemical
process industry, electrical energy, medical, automotive, food equipment
and appliance, machine and cutting tools, and construction and mining.