Exide: New Orders

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VERNON, California - Exide Technologies (XIDEQ) (www.exide.com), a global leader in stored electrical-energy solutions, released the following statement after the South Coast Air Quality Management District (AQMD) Hearing Board approved new orders, putting in place tough new environmental protections and requiring the Company to make enhancements at its Vernon, California recycling facility.

"The new orders from AQMD are a significant and positive step forward for our employees, the community, and the recycling industry," said Thomas Strang, Exide's Vice President of Environment Health & Safety -- Americas. "Exide is committed to meeting the new air quality standards. Completing this plan will enhance the environmental performance of our Vernon facility and allow us to resume our role as part of California's green economy."

In light of the District's Orders, Exide is extending Worker Adjustment and Retraining Notification (WARN) Act notifications sent to more than 100 employees at the Vernon facility.

The Hearing Board's decision resolves the two District abatement petitions pending against the Company and the lawsuit filed by Exide challenging recently amended District Rule 1420.1. Exide has agreed to the terms of two Orders For Abatement that were approved by the District Hearing Board on July 10, 2014.

Under those Orders, Exide will not resume operations of its Vernon facility furnaces until it installs additional air quality control equipment to comply with the newly adopted Rule 1420.1 standards. That construction will be performed in accordance with a District-approved dust mitigation plan and District-issued permits. The Company will also submit monthly status reports to the Hearing Board on progress of planned upgrades.

Exide will also dismiss its lawsuit challenging recently amended District Rule 1420.1.

What's Ahead for Exide's Vernon Recycling Facility

Production at Exide's Vernon recycling facility has been idled since March 2014 when the Company suspended operations at the facility. Exide's implementation of its enhancement plan is the first step toward returning the facility to full production.

Battery Recycling is Critical to Environmental Sustainability. Exide Technologies has proudly been producing and recycling lead-acid batteries around the world for more than 120 years and plays an important role in fostering California's green economy and promoting environmental sustainability. The Vernon facility is one of only two plants in the United States west of the Rockies that recycles car batteries -- the plant recycles approximately 25,000 batteries a day and about eight million a year. Recycling keeps batteries from being disposed of in harmful ways or shipped overseas where regulations are lacking.

About Exide Technologies

Exide Technologies, with operations in more than 80 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's global business groups 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 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.

Jeannine Addams
Kristin Wohlleben
J. Addams & Partners, Inc.
404.231.1132 phone
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