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Manitowoc's CEO Discusses Q2 2012 Results - Earnings Call Transcript

In addition, our chain customers continue to drive the largest amount of growth across our geographic markets in this segment. For example, a leading quick service chain has implemented programs centered on Manitowoc's blended ice product category for the London Olympics.

Other core categories also continue to enjoy success with chain customers. One prime example of is our Frymaster oil conserving fryer which has been approved by one of the world’s largest quick service chains and is now replacing its large install base of legacy fryers with our equipment throughout their North American operations. Looking at other product categories, we continue to see considerable interest in our portfolio of advanced cooking technology products, which include our Convotherm combi ovens, Merrychef rapid cook ovens, Garland induction products, and others.

Of particular note, we expanded our test sites and enjoyed increased orders from the convenience store segment for our Merrychef ovens which featured our patented planar plume technology. We are experiencing similar interest in growth in the chain restaurant market for these oven products, especially in the sandwich and snack segments. Similarly, our investment in induction technology for our Garland cooking line is gaining traction, as we received formal notice that these products are now the prime specification for a boutique hotel brand of one of the world's largest hotel chains, providing further opportunities within our high end hotels around the world.

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