Exide Technologies Battery Supply Takes Off with Scandinavian Airlines System
12 Janeiro 2004 - 4:18PM
PR Newswire (US)
Exide Technologies Battery Supply Takes Off with Scandinavian
Airlines System PRINCETON, New Jersey, January 12 /PRNewswire/ --
Exide Technologies, (OTC Bulletin Board: EXDTQ) ( www.exide.com ),
a global leader in stored electrical-energy solutions, has secured
a large order for motive power batteries and a complete battery
maintenance system from Scandinavian Airlines Systems (SAS), the
consortium of three national airlines for Norway, Sweden, and
Denmark that offers a broad range of airline services. Long
recognized as one of the best-run commercial airlines, SAS is
Europe's 4th largest carrier measured in total number of passengers
with Europe's highest share in business class service, and is a
founding member of the StarAlliance global airline network. Yet,
faced with dire post-9/ 11 market conditions, SAS launched a major
restructuring initiative in 2002 targeting traffic, operations and
production systems to ensure the company's profitability and
long-term competitiveness. Under this initiative, SAS recently
acquired 68 LINDE tractors, each unit fitted with 80 volt 620 Ah
Exide motive power batteries and supported by a complete Exide
battery water maintenance system to maximize tractor fleet
utilization. These tractors will be used as baggage carriers at
Kastrup Airport in Copenhagen, Denmark, which is Scandinavia's
major airport and one of the world's best functioning, most
punctual air transportation hubs. At Kastrup, SAS and other
airlines adhere to tight schedules, producing efficient reloading,
shorter lead times, and shorter transfer times that improve yield
and reduce unit cost. As part of this process, the dependability of
the baggage handling fleet is essential for efficient operations.
''This SAS order, aligned with our marketing alliance with LINDE,
culminates the development of a long-term relationship that
positions Exide as SAS's preferred partner,'' said Neil Bright,
President of the Exide Technologies Indusrial Energy Business
Group. ''This coordinated supply arrangement-combining LINDE's
tractors with Exide's batteries, maintenance systems and
services-illustrates our commitment to achieving world-class
products and services that make our customers successful.'' About
Exide Technologies: Exide Technologies, with operations in 89
countries and fiscal 2003 net sales of approximately US$2.4
billion, is one of the world's largest producers and recyclers of
lead-acid batteries. The company's two global business groups --
industrial energy and transportation -- provide a comprehensive
range of stored electrical energy products and services for
industrial and transportation applications. Industrial uses include
network power applications such as telecommunications systems,
electric utilities, railroads, photovoltaic ( solar-power related)
and uninterruptible power supply (UPS); and motive- power
applications for a broad range of equipment uses, including lift
trucks, mining vehicles and commercial vehicles. Transportation
applications include automotive, heavy-duty truck, agricultural and
marine, as well as new technologies being developed for hybrid
vehicles and new 42-volt automotive applications. The company
supplies both aftermarket and original-equipment transportation
customers. Further information about Exide Technologies, its
financial results and other information can be found at
www.exide.com . Certain statements in this pressrelease may
constitute forward-looking statements as defined by the Securities
Litigation Reform Act of 1995. As such, they involve known and
unknown risks, uncertainties and other factors that may cause the
actual results of the company to be materially different from any
results expressed or implied by such forward-looking statements.
These are enumerated in further detail in the company's Form 10-K.
MEDIA CONTACT: Jeannine Addams or Kristin Wohlleben Tarkenton &
Addams, Inc. +1 404/231-1132 INVESTOR CONTACT: Doug Morris Gavin
Anderson & Company +1 212/515-1962 Web site: www.exide.com
DATASOURCE: Exide Technologies Media, Jeannine Addams or Kristin
Wohlleben of Tarkenton & Addams, Inc., +1-404-231-1132; or
Investors, Doug Morris of Gavin Anderson & Company,
+1-212-515-1962/ FCMN Contact: kwohlleben@taradd.com
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