Milton, Georgia – (July 20, 2010) – Exide Technologies (NASDAQ: XIDE, www.exide.com), a global leader in stored electrical-energy solutions, announced today that it has secured a new supply contract with the Defense Supply Center, Columbus [Ohio] (DSCC). Known to more than 24,000 military and civilian customers and 10,000 contractors as one of the largest suppliers of weapon systems spare parts, the DSCC is a supply/demand chain operation of the Defense Logistics Agency (DLA) managing more than two million different items and accounting for more than $3 billion in annual sales.
According to the terms of the two-year base contract (with the option to extend the agreement up to three additional years), Exide will supply heavy-duty wet cell (flooded) product to the DSCC for aftermarket replacement use in tanks, armed vehicle applications, and equipment for all branches of the U.S. armed forces. The Company will ship an estimated 287,000 batteries during the first two years of the agreement. These batteries will be delivered to military bases and sites across the U.S. through the Exide branch network comprised of 68 U.S. sales locations.
The Company’s newest wet battery contract with the DSCC and the DLA is its fourth multi-year supply agreement since 1994. In addition, in August 2008, the DSCC selected Exide to provide its dry-charge products for military vehicle applications globally through military depots. Collectively, eight consecutive contracts with the DSCC/DLA make Exide a significant contract supplier for batteries for military applications.
“Our ever-strengthening alliance with the DSCC is testament that Exide is fast becoming a battery supplier of choice ― supporting the most demanding of requirements ― for U.S. military forces and those in other parts of the world,” said Bruce Cole, President – Transportation Americas for Exide Technologies. “This contract also affords us the unique opportunity to build upon an already strong relationship with an important customer while streamlining logistics costs and ensuring just-in-time delivery of superior product through our strong branch network.”
The first battery sets for Exide’s newest agreement with the DSCC, scheduled for delivery beginning in July 2010, will be produced at the Company’s Transportation manufacturing plant in Manchester, Iowa. Exide has a long history as a battery supplier for military-vehicle applications all over the world. The Company’s Industrial Energy division also has a leading reputation as a supplier of submarine batteries.
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 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 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.
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