27.10.2005: Meldung: Exide Technologies Awarded Battery Contracts
Exide will provide two sets of HAGEN propulsion batteries for replacement in two of Armada de Chile"s submarines, Thomson and Simpson. Exide also provided the propulsion batteries for two Scorpene-class submarines that are being delivered to Armada de Chile by Navantia in Spain and DCN in France.
"Exide has a long history as a battery supplier to military forces around the world, and we are excited to again be selected to supply batteries to Armada de Chile," said Neil Bright, President - Industrial Energy Europe. "This is a major vote of confidence in Exide"s product technology, quality and reliability."
The batteries will be manufactured at Exide"s Industrial Energy plant in Bad Lauterberg, Germany. HAGEN submarine batteries have been an industry-leading brand for more than 40 years.
The Company also announced that it has been awarded its second battery contract in recent months by the Germany Federal Office of Defense Technology and Procurement (BWB).
The most recent contract calls for Exide to supply approximately 11,000 units of its maintenance-free NATO bloc batteries to the German Army for military-vehicle applications. The 12-volt/45-amphere-hour gel batteries are scheduled for delivery in early 2006. The batteries will be produced at Exide"s manufacturing plants in Budingen and Bad Lauterberg, Germany.
In August, the Company was selected to provide approximately 15,000 units of its 12-volt/100-amphere-hour NATO bloc batteries.
About Exide Technologies
Exide Technologies, with operations in 89 countries, is one of the world"s largest producers and recyclers of lead-acid batteries. The Company"s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.
Further information about Exide, including its financial results, are available at www.exide.com.
Except for historical information, this report may be deemed to contain "forward-looking" statements. The Company desires to avail itself of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act") and is including this cautionary statement for the express purpose of availing itself of the protection afforded by the Act.
Examples of forward-looking statements include, but are not limited to (a) projections of revenues, cost of raw materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, the effect of currency translations, capital structure and other financial items, (b) statements of plans of and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (c) statements of future economic performance, (d) statements of assumptions, such as the prevailing weather conditions in the Company"s market areas, underlying other statements and statements about the Company or its business and (e) statements regarding the ability to obtain amendments under the Company"s debt agreements.
Factors that could cause actual results to differ materially from these forward looking statements include, but are not limited to, the following general factors such as: (i) adverse reactions by creditors, vendors, customers, and others to the going-concern qualification contained in the audit report in the Company"s 10-K for fiscal year 2005; (ii) the Company"s ability to implement and fund based on current liquidity business strategies and restructuring plans, (iii) the Company"s substantial debt and debt service requirements which may restrict the Company"s operational and financial flexibility, as well as imposing significant interest and financing costs and the Company"s ability to comply with the covenants in its debt agreements or obtain waivers of noncompliance, (iv) the litigation proceedings to which the Company is subject, the results of which could have a material adverse effect on the Company and its business, (v) the fact that lead, a major ingredient in most of the Company"s products, experiences significant fluctuations in market price and is a hazardous material that may give rise to costly environmental and safety claims, (vi) the substantial management time and financial and other resources needed for the Company"s consolidation and rationalization of acquired entities, (vii) the Company"s exposure to fluctuations in interest rates on its variable debt, (vii) general economic conditions, (viii) the ability to acquire goods and services and/or fulfill labor needs at budgeted costs, and (ix) our ability to attract and retain key personnel. Some of the factors contained herein, and other factors, are enumerated in further detail in the Company"s most recent Form 10-Q filed on August 9, 2005 and the Company"s Registration Statement on Form S-3, as amended, filed with the Commission on September 14, 2005.
Therefore, the Company cautions each reader of this press release carefully to consider those factors hereinabove set forth, because such factors have, in some instances, affected and in the future could affect, the ability of the Company to achieve its projected results and may cause actual results to differ materially from those expressed herein.
Alan Chapple, 678-566-9514
Rich Cockrell, 678-566-9415
Source: Exide Technologies