Caterpillar Vice President David Bozeman Named 2011 BEYA STEM Global Competitiveness Award Winner

PEORIA, Ill., Feb. 21, 2011 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) is pleased to announce David Bozeman was named a 2011 Global Competitiveness Award Winner by the Black Engineer of the Year Awards (BEYA) Science, Technology, Engineering and Mathematics (STEM) Global Competitiveness Conference.  The award was presented during the Conference's black-tie gala February 19, 2011, in Washington, DC. Bozeman is a Caterpillar Vice President with responsibility for the Integrated Manufacturing Operations Division in East Peoria, Illinois.  For the past 24 years, BEYA STEM has recognized men and women of government, industry and academia for exceptional career achievement.

"This is a tremendous honor and a real thrill to be recognized alongside some of our nation's most dynamic and accomplished leaders," said Bozeman.  "It's also a tribute to Caterpillar and its leadership in the business community."

Bozeman was Vice President, Advanced Manufacturing, at Harley-Davidson Motor Company before joining Caterpillar in 2008.  He was elected a Caterpillar Vice President in 2009.

"David is a front-line leader who isn't afraid to get his hands dirty," said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.  "Our customers succeed because we provide them a quality product and exceptional service.  David and his team play a huge part in that."

In his current role, Bozeman is responsible for manufacturing operations in Illinois, Mexico, India and the United Kingdom.  He holds a Bachelor of Science degree in Manufacturing Technology and Mechanical Design from Bradley University, Peoria, Illinois, and a Master of Science degree in Engineering Management from the Milwaukee School of Engineering, Milwaukee, Wisconsin.

The BEYA STEM Conference brings together science, technology, engineering, and mathematics professionals to share knowledge and best practices.  2011 marks its twenty-fifth year.    

About Caterpillar:

For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2010 sales and revenues of $42.588 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.

Forward-Looking Statements

Certain statements in this press release relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements are subject to known and unknown factors that may cause actual results of Caterpillar Inc. to be different from those expressed or implied in the forward-looking statements. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements.  All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and Caterpillar does not undertake to update its forward-looking statements.

It is important to note that actual results of the company may differ materially from those described or implied in such forward-looking statements based on a number of factors, including, but not limited to: (i) economic volatility in the global economy generally and in capital and credit markets; (ii) Caterpillar's ability to generate cash from operations, secure external funding for operations and manage liquidity needs; (iii) adverse changes in the economic conditions of the industries or markets Caterpillar serves; (iv) government regulations or policies, including those affecting interest rates, liquidity, access to capital and government spending on infrastructure development; (v) commodity price increases and/or limited availability of raw materials and component products, including steel; (vi) compliance costs associated with environmental laws and regulations; (vii) Caterpillar's and Cat Financial's ability to maintain their respective credit ratings, material increases in either company's cost of borrowing or an inability of either company to access capital markets; (viii) financial condition and credit worthiness of Cat Financial's customers; (ix) material adverse changes in our customers' access to liquidity and capital; (x) market acceptance of Caterpillar's products and services; (xi) effects of changes in the competitive environment, which may include decreased market share, lack of acceptance of price increases, and/or negative changes to our geographic and product mix of sales; (xii) Caterpillar's ability to successfully implement Caterpillar Production System or other productivity initiatives; (xiii) international trade and investment policies, such as import quotas, capital controls or tariffs; (xiv) failure of Caterpillar or Cat Financial to comply with financial covenants in their respective credit facilities; (xv) adverse changes in sourcing practices for our dealers or original equipment manufacturers; (xvi) additional tax expense or exposure; (xvii) political and economic risks associated with our global operations, including changes in laws, regulations or government policies, currency restrictions, restrictions on repatriation of earnings, burdensome tariffs or quotas, national and international conflict, including terrorist acts and political and economic instability or civil unrest in the countries in which Caterpillar operates; (xviii) currency fluctuations, particularly increases and decreases in the U.S. dollar against other currencies; (xix) increased payment obligations under our pension plans; (xx) the possibility that the acquisition by Caterpillar of Bucyrus International, Inc. does not close for any reason, including, but not limited to, a failure to obtain required regulatory approvals, (xxi) inability to successfully integrate and realize expected benefits from acquisitions; (xxii) significant legal proceedings, claims, lawsuits or investigations; (xxiii) imposition of significant costs or restrictions due to the enactment and implementation of health care reform legislation and financial regulation legislation; (xxiv) changes in accounting standards or adoption of new accounting standards; (xxv) adverse effects of natural disasters; and (xxvi) other factors described in more detail under "Item 1A.  Risk Factors" in Part I of our Form 10-K filed with the SEC on February 19, 2010 for the year ended December 31, 2009 and in Part II of our Form 10-Q filed with the SEC on May 3, 2010 for the quarter ended March 31, 2010.  These filings are available on our website at http://www.caterpillar.com/secfilings.  

SOURCE Caterpillar Inc.

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