|
|
Exide Worldwide |
|
|
Investor Relations |
|
|
Press Room |
|
|
Exide & the Environment |
|
|
Suppliers & Diversity |
|
|
Material Safety Data |
|
|
|
|
|
Exide Technologies to Supply Bosch Branded
Batteries to Pep Boys
|
Alpharetta, Georgia - (May 20, 2008)
- In conjunction with its new agreement with Robert Bosch
Corporation, Exide Technologies (NASDAQ: XIDE, www.exide.com), a
global leader in stored electrical-energy solutions, announces a
new supply agreement with Pep Boys. Starting this month, Exide
will begin shipments of Bosch branded automotive starting
batteries to all Pep Boys stores across the United States and in
Puerto Rico.
According to the terms of the contract, Exide will supply nearly
600 Pep Boys locations with a wide range of automotive
batteries, adding to the Pep Boys Bosch-branded lineup that
includes 16 different SKUs – a range that fits more than 90
percent of vehicles on the road today in both the United States
and Puerto Rico.
Broadview, Illinois-based Robert Bosch Corporation is the
wholly-owned U.S. subsidiary of Robert Bosch GmbH, headquartered
in Stuttgart, Germany. The company manufactures precision
automotive components and systems sold to vehicle and powertrain
manufacturers worldwide. Pep Boys is one of the only aftermarket
retail and service chains in the nation that serves all four
segments of the automotive aftermarket: the do-it-yourself,
do-it-for-me, buy-for-resale and replacement tires.
“This is a powerful alliance. The Bosch brand ― the premium
battery offering at all of Pep Boys retail locations — further
expands Exide’s reach into the automotive marketplace,” said
Bruce Cole, President – Transportation Americas for Exide
Technologies.
The Exide Bosch-branded batteries are manufactured and
distributed at Exide’s Salina, Kansas and Bristol, Tennessee
facilities. In addition, Exide will service Pep Boys stores
through its extensive customer service network.
“Exide’s new relationship with Robert Bosch has presented our
Company with an exceptional opportunity with Pep Boys that takes
best advantage of our strengths and capabilities,” said Gordon
Ulsh, President and Chief Executive Officer of Exide
Technologies. “Our affiliation with two very strong companies
also is an indication that our new partners recognize the high
quality and technological innovation that Exide integrates into
the premium products and services we provide.”
|
|
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 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.
|
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 and (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.
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 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, (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 exposure to
fluctuations in interest rates on its variable debt, (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, and (x) the Company's ability to
successfully pass along increased material costs to its
customers.
Therefore, 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 Annual Report on Form
10-K for the fiscal year 2007 and its most recent interim report
filed with the SEC 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.
|
Media Contacts
|
|
|
Investor Contacts
|
|
|
|
|
