MARKET WIRE NEWS

United Rentals Introduces AI-Powered Equipment Agent

MWN-AI** Summary

United Rentals, Inc. (NYSE: URI) has unveiled an innovative AI-powered solution known as the Equipment Agent, marking a significant milestone in the equipment rental industry. This digital assistant is designed to help customers effectively manage their equipment needs by offering prompt, personalized equipment recommendations for various projects. Utilizing artificial intelligence, the Equipment Agent enables users to describe their job requirements in simple language, delivering tailored suggestions within seconds. Customers can compare different equipment types and analyze key specifications including capacity, reach, and terrain limitations through an engaging conversational interface.

The introduction of the Equipment Agent is a component of United Rentals’ broader digital strategy aimed at enhancing customer experience. By streamlining the process of equipment discovery and providing expert guidance early in project planning, it empowers customers to make quicker, more informed rental decisions. Users also benefit from easy access to detailed product information directly on United Rentals’ website, facilitating a seamless transition from research to reservation.

Tony Leopold, the Senior Vice President and Chief Technology and Strategy Officer at United Rentals, noted a significant 70% improvement in customers' ability to find the appropriate equipment for their tasks when utilizing the Equipment Agent. This development underscores the company's commitment to leveraging digital tools and data insights to bolster operational efficiency and maintain project momentum.

The Equipment Agent is now live and accessible via unitedrentals.com. Its launch not only exemplifies United Rentals’ dedication to enhancing its digital ecosystem but also reinforces its position as a leader in the equipment rental sector, thanks to its extensive fleet and enriched customer support network.

MWN-AI** Analysis

United Rentals, Inc. (NYSE: URI) has taken a significant leap by introducing the Equipment Agent, an AI-powered tool that redefines how customers approach their equipment rental needs. This innovation not only enhances user experience but also positions the company advantageously within the competitive landscape of the equipment rental industry.

The Equipment Agent leverages advanced AI to provide personalized recommendations that streamline the equipment selection process. This functionality addresses a common pain point for customers who often struggle with traditional search methods, leading to confusion and inefficiency. By simplifying decision-making and delivering intelligent, context-sensitive suggestions, United Rentals improves customer satisfaction and accelerates project timelines—a critical factor in the fast-paced construction and industrial sectors.

From a financial perspective, this innovation can positively impact URI's market position and revenue generation. Enhanced customer interaction leads to quicker decision-making, likely resulting in increased rental bookings. The agent’s ability to pair extensive fleet data with real-time customer queries positions United Rentals as a leader in digital transformation within the industry. This shift aligns with broader market trends where technology adoption becomes a key differentiator.

Moreover, as efficiency gains from the Equipment Agent are demonstrated—evident from claims of a 70% improvement in equipment matching—the potential for increased customer loyalty and retention grows. Investors should pay close attention to the adoption rates of this technology and how it translates into financial performance metrics, particularly rental revenue growth.

Overall, United Rentals’ investment in AI-driven innovations like the Equipment Agent can boost its competitive edge, enhance customer engagement, and ultimately strengthen its financial performance. Investors are advised to consider the long-term benefits of this strategic direction, as it signifies a robust response to evolving market needs and customer expectations in the equipment rental space.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

Industry-first AI Assistant Helps Customers Manage Equipment Needs for Their Projects

United Rentals, Inc. (NYSE: URI) today announced the launch of the Equipment Agent, a first-of-its-kind AI-powered equipment recommendation solution designed specifically for the equipment rental industry. The new digital assistant helps customers discover, compare and select the right equipment for their projects by delivering instant, intelligent equipment rental guidance online.

The Equipment Agent provides personalized recommendations based on a customer’s project requirements. Through a conversational interface, customers can describe their job needs in plain language and receive tailored equipment suggestions in seconds, while also comparing equipment types and reviewing key specifications such as capacity, reach, terrain limitations and required accessories. The AI-powered assistant is part of United Rentals’ growing portfolio of digital capabilities designed to help customers manage their equipment needs.

By simplifying equipment discovery and providing expert guidance earlier in the planning process, the Equipment Agent helps customers make faster, more confident rental decisions.

The solution seamlessly connects users to detailed product pages on unitedrentals.com, streamlining the path from research to reservation. Built using real customer questions and refined through extensive testing by United Rentals sales and equipment experts, the Equipment Agent reflects decades of fleet knowledge and practical jobsite expertise.

“The Equipment Agent connects United Rentals’ equipment expertise with our customers' needs,” said Tony Leopold, Senior Vice President and Chief Technology and Strategy Officer at United Rentals. “It replaces traditional searching and filtering with an intuitive, agentic chat experience. Customers using the Equipment Agent are seeing a 70% improvement in finding the right equipment for their projects.”

Advancing United Rentals’ Innovation Strategy

The Equipment Agent supports United Rentals’ broader innovation strategy, which focuses on combining digital tools, connected equipment and data insights to help customers plan, operate more efficiently and keep projects moving. By applying AI to the equipment discovery process, United Rentals is simplifying how customers identify the right solutions and accelerating the path from project planning to equipment on site.

The Equipment Agent also expands how United Rentals delivers its equipment expertise to customers. By connecting users to insights drawn from the company’s extensive fleet, services and jobsite experience, United Rentals is making it easier to access the guidance and resources needed to plan and execute work with confidence.

It also represents another step in United Rentals’ ongoing investment in a connected digital ecosystem for the jobsite, where intelligent tools, equipment expertise and one of the industry’s largest fleets work together to support better decision-making. Customers can engage with the digital capabilities that best fit their workflow while seamlessly connecting to United Rentals’ broader network of equipment, services and support.

The Equipment Agent is available today and can be accessed at unitedrentals.com.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,663 rental locations in North America, 41 in Europe, 45 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 28,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers a fleet of equipment for rent with a total original cost of $22.48 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312494964/en/

Elizabeth Grenfell
Vice President, Investor Relations
O: (203) 618-7125
investors@ur.com

FAQ**

How does United Rentals Inc. (NYSE: URI) plan to further integrate the Equipment Agent AI tool with its existing digital capabilities to enhance customer experience and streamline the rental process?

United Rentals Inc. plans to further integrate the Equipment Agent AI tool by leveraging advanced data analytics and machine learning to personalize customer interactions, optimize equipment recommendations, and streamline the rental process for enhanced efficiency and satisfaction.

What measurable impact has United Rentals Inc. (URI) observed since the launch of the Equipment Agent, particularly regarding customer satisfaction and equipment rental decision-making?

Since the launch of the Equipment Agent, United Rentals Inc. (URI) has observed a measurable increase in customer satisfaction and enhanced decision-making in equipment rentals, as evidenced by improved rental frequency, customer feedback scores, and quicker response times.

As the largest equipment rental company, how does United Rentals Inc. (NYSE: URI) foresee the Equipment Agent affecting its competitive positioning in the rental industry moving forward?

United Rentals Inc. anticipates that the Equipment Agent will enhance its competitive positioning by streamlining operations, improving customer access to rental inventory, and leveraging data analytics for better decision-making in an increasingly digital marketplace.

What feedback has United Rentals Inc. (URI) received from customers regarding the usability and effectiveness of the Equipment Agent in aiding their project planning and equipment selection?

Customers have generally praised United Rentals Inc.'s Equipment Agent for its intuitive interface and effective project planning capabilities, highlighting its ability to streamline equipment selection and improve efficiency, though some have suggested enhancements for customization and data integration.

**MWN-AI FAQ is based on asking OpenAI questions about United Rentals Inc. (NYSE: URI).

United Rentals Inc.

NASDAQ: URI

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