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EnerSys Awarded $39 Million in Contracts for Submarine Batteries - The batteries will be manufactured in EnerSys’ new European submarine battery production facility with the first battery scheduled to ship in early 2011 (NYSE: ENS)
EnerSys Awarded $39 Million in Contracts for Submarine Batteries

 

NewswireToday - /newswire/ - Sellersville, PA, United States, 2010/08/10 - The batteries will be manufactured in EnerSys’ new European submarine battery production facility with the first battery scheduled to ship in early 2011 (NYSE: ENS).

   
 
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EnerSys, the global leader in stored energy solutions for industrial applications, announced that it has recently been awarded contracts valued at over $39 million for submarine batteries with five navies worldwide.
The batteries will be manufactured in EnerSys’ new European submarine battery production facility with the first battery scheduled to ship in early 2011.
In addition to being the leading global supplier of conventional lead based battery solutions for both nuclear and diesel electric submarines, EnerSys has recently developed submarine batteries incorporating its proprietary thin plate pure lead technology for the U.S. Navy’s nuclear submarine fleet and has developed large lithium ion batteries that can serve both propulsion and reserve power needs on board submarine fleets in the future.
“These five new contracts give further recognition to our long-standing association with navies throughout the world.” said John D. Craig, chairman, president and chief executive officer of EnerSys. ”These new orders totaling $39 million are in addition to our existing contract to supply thin plate pure lead submarine batteries to the U.S. Navy.”

EnerSys (enersys.com), the global leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Motive power batteries are utilized in electric fork trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power supplies, and numerous applications requiring standby power. The Company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.

For more information contact:
Richard Zuidema, Executive Vice President, EnerSys, 2366 Bernville Road, Reading, PA, 19605, USA, T: 800-538-3627

Caution Concerning Forward-Looking Statements

This press release and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, and market share, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2010. No undue reliance should be placed on any forward-looking statements.

 
 
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Written by / Agency / Source: The Simon Group, Inc.

 
 

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EnerSys Awarded $39 Million in Contracts for Submarine Batteries

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Publisher Contact: Beth Smith - SimonGroup.com 
215-453-8700 publicrelations[.]simongroup.com
 
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