Exide Technologies Announces Expanded Battery Technology Offering With the Launch of the NorthStar(R) Pure Lead AGM Battery
MILTON, Ga., Dec. 12, 2011 (GLOBE NEWSWIRE) -- Exide Technologies (XIDE) ( www.exide.com ) announced today that it has expanded its product offering to include NorthStarTM Ultra High Performance AGM (Absorbed Glass Mat) made with Pure Lead Technology batteries for the automotive, marine/RV, heavy duty trucking and equipment, and first responder market segments.
These products represent an expanded line that is a result of the strategic partnership between Exide Technologies and NorthStar Battery Company. This arrangement will enable Exide to provide sales, marketing and distribution expertise for NorthStar's line of ultra-premium, high-quality, engine-starting AGM products.
This partnership is part of Exide's overall strategy of becoming a leader in AGM technology. The relationship with NorthStar is intended to expand the Company's existing transportation battery portfolio and deliver a number of unique design features specifically targeted to high-performance vehicles operating in demanding conditions.
The NorthStar line will help support Exide's goal to be the only battery manufacturer to offer all of the current lead-acid battery technologies from its conventional flooded battery line up to a range of AGM technologies including Flat Plate AGM, Spiral AGM and now the flat plate NorthStar Ultra High Performance made with Pure Lead Technology AGM.
"This collaboration supports Exide's position as a leading global provider of innovative products and services across segments, customers, and technologies," said Paul Hirt, President, Exide Americas. "Offering an extensive lineup of AGM product choices under one distribution network is a way to extend product coverage across a broad range of applications and consumer needs."
The NorthStar Ultra High-Performance AGM flat plate battery - distributed by Exide - features 99.99% Pure Lead Technology for superior performance in demanding applications such as high performance automotive vehicles, heavy duty/commercial and marine applications, and first responders. These batteries are also designed to exceed conventional battery life expectancies thereby reducing the overall cost of ownership. The non-spillable advanced AGM construction of NorthStar batteries allows for orientation on the battery's side, while high compression cell insertion creates better cycling characteristics and vibration resistance. These batteries are also equipped with brass terminals which increase conductivity and reduce corrosion, providing maximum performance.
With 80 branches throughout the United States, Canada and Mexico, Exide owns and operates one of the most extensive manufacturer distribution networks in North America, ensuring that the right battery is available when a customer needs it. For more information on Exide and its products and services, please visit www.exide.com .
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.
Further information about Exide, including its financial results, are available at www.exide.com .
The Exide Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5067
Except for historical information, this news release 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, operating income or loss, 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 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, and (c) statements of future economic performance.
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) the fact that lead, a major constituent 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, (ii) the Company's ability to implement and fund business strategies based on current liquidity, (iii) the Company's ability to realize anticipated efficiencies and avoid additional unanticipated costs related to its restructuring activities, (iv) the cyclical nature of the industries in which the Company operates and the impact of current adverse economic conditions on those industries, (v) 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, (vi) competitiveness of the battery markets in the Americas and Europe, (vii) the ability to acquire goods and services and/or fulfill later needs at budgeted costs, (viii) general economic conditions, (ix) the Company's ability to successfully pass along increased material costs to its customers, and (x) recently adopted U.S. lead emissions standards and the implementation of such standards by applicable states, and (xi) those risk factors described in the Company's fiscal 2011 Form 10-K filed on June 1, 2011.
The Company cautions each reader of this news release to carefully consider those factors set forth above. 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. We do not undertake to update our forward looking statement.
CONTACT: MEDIA CONTACT: Susan Jaramillo Senior Director, Communications Exide Technologies 203/699-9133 phone firstname.lastname@example.org INVESTOR CONTACT: Carol Knies Senior Director of Investor Relations Exide Technologies 678/566-9316 phone email@example.com
Source: Exide Technologies 2011 GlobeNewswire, Inc.