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| Exide Technologies Expands Industrial Battery
Product Offering HCT-41 Offers Increased
Capacity For Network Power Applications
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Alpharetta, Ga. – (June 2, 2006) – Exide Technologies
(NASDAQ: XIDE, www.exide.com), a global leader in stored electrical-energy
solutions, announces the launch of the HCT-41, the newest addition
to Exide’s GNB Flooded Classic long-duration network power battery
lineup. With a 4,000 ampere hour (Ah) nominal capacity, the HCT-41
is the largest reserve power flooded cell that Exide offers for
telecommunications (traditional telephone and wireless carrier infrastructure)
and standby power applications.
"The expansion of the GNB Flooded Classic series allows Exide
to better meet the support power requirements of our telecommunications
customers,” said Keith Schmid, Vice President and General Manager,
Exide Technologies Industrial Energy-North America.
Exide Technologies manufactures a complete line of flooded lead-acid
batteries, including the M-Line (176 Ah – 608 Ah), T-Line (50 –
300 Ah), N-Line (552 Ah - 2552 Ah) and the newly expanded H-Line
(2240 Ah - 4000 Ah). The new HCT-41 battery will be built at Exide's
Fort Smith, Arkansas, USA manufacturing facility.
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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Media/Investor Contact |
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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. The
Company undertakes no obligation to publicly update or revise
any forward-looking statement in this or any prior
forward-looking statements whether as a result of new
information, future developments or otherwise.
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, (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, (c) statements of future economic performance, (d)
statements of assumptions, such as the prevailing weather
conditions in the Company’s market areas, underlying other
statements and statements about the Company or its business and
(e) statements regarding the ability to comply with or
alternatively obtain amendments under the Company’s debt
agreements.
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) adverse
reactions by creditors, vendors, customers, and others to, among
other things, the Company’s results, financial conditions or
compliance with financial covenants, (ii) the Company’s ability
to implement and fund based on current liquidity business
strategies and restructuring plans, (iii) unseasonable weather
(warm winters and cool summers) which adversely affects demand
for automotive and some industrial batteries, (iv) 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 (v)
the Company’s ability to comply with the covenants in its debt
agreements or obtain waivers of noncompliance, (vi) the
litigation proceedings to which the Company is subject, the
results of which could have a material adverse effect on the
Company and its business, (vii) the realization of the tax
benefits of the Company’s net operating loss carry forwards, of
which is dependent upon future taxable income, (viii) 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, (ix) competitiveness of the
battery markets in North America and Europe, (x) the substantial
management time and financial and other resources needed for the
Company’s consolidation and rationalization of acquired
entities, (xi) risks involved in foreign operations such as
disruption of markets, changes in import and export laws,
currency restrictions, currency exchange rate fluctuations and
possible terrorist attacks against U.S. interests, (xii) the
Company’s exposure to fluctuations in interest rates on its
variable debt, (xiii) the Company’s ability to maintain and
generate liquidity to meet its operating needs, (xiv) general
economic conditions, (xv) the ability to acquire goods and
services and/or fulfill labor needs at budgeted costs, (xvi) the
Company’s reliance on a single supplier for its polyethylene
battery separators and (xvii) the Company’s ability to comply
with the provisions of Section 404 of the Sarbanes-Oxley Act of
2002.
Therefore, the Company cautions each reader of this press
release carefully to consider those factors set forth above and
those factors described in Amendment No. 1 to the Company’s
Registration Statement on Form S-3 filed with the SEC on
September 14, 2005 and in the Company’s most recent Form 10-Q
filed on February 9, 2006 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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