Exide Technologies Awarded New Supply Agreement With Chrysler

Exide Technologies announced a new supplier agreement with Chrysler. Under this agreement, Exide will begin shipping flooded lead-acid batteries, produced at its Bristol, Tenn., facility, to the automaker in July and then transition to supplying Exide's advanced lead-acid AGM (absorbent glass mat) batteries from its recently expanded Columbus, Ga. facility during the period of agreement. Exide is a global leader in stored electrical-energy solutions.

"We are extremely pleased with Chrysler's decision to expand our relationship in North America," said Jim Bolch, President and CEO, Exide Technologies. "As always, we look forward to providing Chrysler with the highest level of quality products and service."

Exide batteries will be used for new platforms commencing in model year 2012 (calendar year 2011). This new agreement expands the successful relationship between Exide Technologies and Chrysler that commenced in December 2010. Exide currently supplies batteries to the Chrysler facility in Toluca, Mexico which produces the Fiat 500 passenger car.

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 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.

The Company cautions each reader of this report to carefully consider those factors set forth above. 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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