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| Exide Technologies to Continue as Exclusive Supplier of Lead-Acid Batteries to Tractor Supply
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Alpharetta, Ga. - (July 25, 2005) - Exide Technologies (NASDAQ: XIDE,
www.exide.com), a global leader in stored electrical-energy solutions, announced today it will continue to be the exclusive provider of lead-acid batteries to Tractor Supply Company, the largest retail farm and ranch store chain in the United States with more than 500 locations.
Exide has served as the exclusive provider of lead-acid batteries to Tractor Supply since the 1980s.
Under the new agreement, which goes into effect later this year, Exide will provide Tractor Supply with a full line of batteries for automotive and heavy-duty/tractor applications, trucks and SUVs, marine applications, garden tractors and power-sport applications.
“Exide is proud to extend its long partnership with Tractor Supply,” said Jim Jelin, Vice President Marketing and Retail Sales -Transportation Americas. “Tractor Supply’s decision to extend our agreement is an indication that they recognize the high quality of the products and services we provide. As TSC continues to grow, they can continue to count on Exide to provide them with the products, services and solutions that will help them succeed.”
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.
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Forward-Looking Statements
Except for historical information, this press 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, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, the effect of currency translations, capital structure and other financial items and (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.
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 Company’s ability to implement business strategies and restructuring plans, (ii) unseasonable weather (warm winters and cool summers) which adversely affects demand for automotive and some industrial batteries, (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 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, (v) competitiveness of the battery markets in North America and Europe, (vi) the Company’s ability to maintain and generate liquidity to meet its operating needs, (vii) general economic conditions, (viii) the ability to acquire goods and services and/or fulfill labor needs at budgeted costs, (ix) the Company's reliance on a single supplier for its polyethylene battery separators.
Therefore, the Company cautions each reader of this Report 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.
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