Material Handling Systems Appoints Markus Augeneder as CEO of International

Company Further Bolsters Management Team by Adding Former CEO Central
Europe of TGW Logistics Group

LOUISVILLE, Ky.–(BUSINESS WIRE)–Material Handling Systems, Inc. (“MHS” or the “Company”), a leading
provider of advanced parcel sortation systems, engineering, and
equipment, today announced that it has appointed Markus Augeneder, the
former CEO Central Europe of TGW Logistics Group, as its CEO of
International, effective immediately, succeeding Scott McReynolds who
recently transitioned to the role of CEO of MHS.

The addition of Mr. Augeneder to MHS’s management team further
strengthens the Company’s operational expertise and talent as it
continues to accelerate its global growth strategy. As CEO of
International, Mr. Augeneder will be based in the Company’s Houten,
Netherlands office and will be responsible for overseeing MHS’s overall
strategic direction and growth outside of North America, while reporting
directly to Mr. McReynolds.

“We are very excited to welcome Markus to our talented team at MHS, who
brings vast industry experience and a proven track record in leading and
growing successful logistics and material handling businesses,” said Mr.
McReynolds, MHS’s Co-Founder and CEO. “I look forward to working closely
with Markus in his role as CEO of International, leveraging his in-depth
knowledge of the European market and beyond as we continue to expand
MHS’s global presence and enhance our capabilities and offerings.”

“I am deeply honored to join MHS as its new CEO of International and
look forward to working alongside some of the industry’s most talented
engineers and logistics professionals,” said Mr. Augeneder. “I have long
admired MHS for its ongoing commitment to technological innovation,
engineering talent, and customer service and execution. As a
customer-focused leader, MHS is uniquely positioned to accelerate its
global growth strategy, while broadening its services and solutions to
meet the ever-changing, complex needs of its customers.”

About Markus Augeneder

Mr. Augeneder is a seasoned business leader with more than 15 years of
relevant logistics, supply chain, engineering, and operational
management experience. Most recently, Mr. Augeneder served as CEO
Central Europe of TGW Logistics Group, a leading global systems provider
of highly-dynamic, automated and turnkey logistics solutions based in
Austria, where he led the company’s overall strategic direction and
business growth across Central and Eastern Europe. Prior to that, Mr.
Augeneder served as CFO of Hervis Sport and Fashion, an Austrian-based
sporting goods retail chain with over 2,600 employees and a presence
across Europe, where he oversaw the company’s areas of finance and
controlling, IT, logistics and organization, personnel and development.
Before that, he served as Head of IT, procurement, logistics and
organization for Sport Eybl & Sports Experts. Mr. Augeneder graduated
from the Technical University of Vienna with a degree in Electrical
Engineering and also received a Master of Science degree in
Manufacturing Systems Engineering from the University of Wisconsin.

About Material Handling Systems, Inc.

Founded in 1999 and headquartered in Louisville, Kentucky, Material
Handling Systems, Inc. has drawn from its experience and expertise to
become a leading global provider of turnkey systems integration and
engineering, advanced automation equipment and software and aftermarket
services. For more information, please visit http://www.mhsglobal.com.

Contacts

Media
Sard Verbinnen & Co.
Robin Weinberg/Cameron Seligmann
212-687-8080

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