The business said that it had initial orders for the TC700 from several dealers and was expected to deliver them in the second half of 2013. The unit was revealed on 6 May 2013 at Manitex’s 25th Anniversary Dealer Appreciation Event at its headquarters in Georgetown, Texas.

Paul Gibson, general manager for the company’s Manitex Inc. crane subsidiary said, "The TC700 allows the final customer to select a commercial chassis, and ultimately offers very attractive economics to the dealer. Developed collaboratively with our launch customers, the Manitex TC700 is targeted to address specific applications as well as the continuing general demand for higher capacity cranes, and with a global market estimate of 1,500 units per year, we see an opportunity here for a highly successful new product launch."

The crane is CE-compliant and Manitex said it had been designed for global markets. The vehicle can be configured to mount on trucks manufactured around the globe with 12v or 24v electrical systems. The sub frame of the machine is designed to be compatible with varying truck chassis rails and widths, enabling the crane to be shipped internationally and installed on locally manufactured 8×4 chassis. Five and six-axle factory installed configurations will be available to the North American market.

Other features of the TC700 include: A 70-ton capacity at 8 ft. radius and a 38.1m main boom length. The crane also has a 56.4m maximum tip height with optional 2-piece jib. The bare drum line pull rating is 6804 kg and there is an optional lattice jib base with offsets of 0°, 20° and 40°.