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Exide Technologies To Supply Batteries
To Murray’s Discount Auto Parts Stores
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Alpharetta, Georgia - (April 16, 2007)
- Exide Technologies (NASDAQ: XIDE, www.exide.com), a global
leader in stored electrical-energy solutions, announces the
expansion of its supply agreement with
CSK Auto, Inc.,
one of the largest specialty retailers of automotive parts and
accessories in the Western United States.
According to the terms of the agreement, Exide will supply
batteries to all Murray’s Discount Auto Parts Stores. Recently
acquired by CSK, Murray’s is a 122-store operation with retail
outlets in Michigan, Ohio and Illinois. Exide already supplies
CSK-owned Checker Auto Parts, Kragen Auto Parts, and Schuck’s
Auto Supply.
Exide will provide Murray’s with its full line of batteries for
transportation and specialty applications. Products include the
Exide Marathon® and Autolite® brands, specifically designed for
superior performance.
“The expansion of Exide’s supply agreement with all of CSK
Auto’s 1,307 stores in 22 states – including the newly acquired
122 Murray’s stores – demonstrates that this very important
customer has the utmost confidence in our technology and
ever-increasing levels of quality and reliability,” said E.J.
O’Leary, President of the Transportation-Americas business
division for Exide Technologies. “At Exide, we know that CSK
works hard to create a customer service- driven culture and
offer high value to its customers. By supplying superior
products and services, we’re helping CSK deliver on its
mission.”
The new agreement continues a long-standing, successful
relationship between Exide Technologies and CSK Auto, Inc. that
began more than 20 years ago.
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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. 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 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) the
Company's ability to implement and fund based on current
liquidity 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 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, (iv) competitiveness
of the battery markets in North America and Europe, (v) the
Company's ability to maintain and generate liquidity to meet its
operating needs, (vi) general economic conditions, (vii) the
ability to acquire goods and services and/or fulfill labor needs
at budgeted costs, (viii) the Company's reliance on a single
supplier for its polyethylene battery separators, and (ix) the
Company's ability to successfully pass along increased material
costs to its customers.
The Company cautions each
reader of this press release carefully to consider those factors
set forth above and those factors described in the Company's
Form 10-Q filed on February 7, 2007 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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