EnerSys Awarded $92M Long-Term Contract With the United States Navy for Thin Plate Pure Lead (TPPL) Batteries
18 Setembro 2023 - 5:15PM
Business Wire
EnerSys (NYSE: ENS), the global leader in stored energy
solutions for industrial applications, has recently been selected
to supply its proprietary Thin Plate Pure Lead (TPPL) batteries to
the United States Navy (USN) as main storage batteries on all four
classes of USN Nuclear Submarines. The contract has a maximum value
of $91.8M over its multi-year duration.
This production contract is a continuation of a supplier
relationship in which EnerSys has supplied its TPPL batteries for
US Navy submarines for over fifteen years from its highly automated
facility in Warrensburg, Missouri.
“The mission-critical nature of our energy storage solutions is
at the foundation of our partnership with the US Navy. Our entire
EnerSys team is proud of the Navy’s confidence in our ability to
meet these needs by extending our production relationship through
this new contract award,” said David Shaffer, President and Chief
Executive Officer for EnerSys.
Mark Matthews, Senior Vice President Specialty Global added,
“EnerSys takes great pride in supporting the US Navy’s submarine
fleet with our proprietary TPPL technology for the growing needs of
this demanding application. It is an honor to partner with the US
Navy for the next five years and we look forward to continuing to
support the US Navy as well as the entire US Department of Defense
with EnerSys advanced lithium cobalt and proprietary lithium
ion-chemistries.”
Caution Concerning Forward-Looking Statements
This press release and oral statements made regarding the
subjects of this release, contains forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995, or the Reform Act, which may include, but are not limited
to, statements regarding EnerSys' earnings estimates, plans,
objectives, expectations, intentions and estimated value of
contracts with the United States Navy and other statements
contained in this press release that are not historical facts,
including statements identified by words such as "believe," "plan,"
"seek," "expect," "intend," "estimate," "anticipate," "will," and
similar expressions. All statements addressing operating
performance, events, or developments that EnerSys expects or
anticipates will occur in the future, including statements relating
to sales growth, earnings or earnings per share growth, and market
share, as well as statements expressing optimism or pessimism about
future operating results, are forward-looking statements within the
meaning of the Reform Act. The forward-looking statements are based
on management's current views and assumptions regarding future
events and operating performance, and are inherently subject to
significant business, economic, and competitive uncertainties and
contingencies, satisfying conditions and obligations contained in
contracts and changes in circumstances, many of which are beyond
EnerSys' control. The statements in this press release are made as
of the date of this press release, even if subsequently made
available by EnerSys on its website or otherwise. EnerSys does not
undertake any obligation to update or revise these statements to
reflect events or circumstances occurring after the date of this
press release.
Although EnerSys does not make forward-looking statements unless
it believes it has a reasonable basis for doing so, EnerSys cannot
guarantee their accuracy. The foregoing factors, among others,
could cause actual results to differ materially from those
described in these forward-looking statements. For a list of other
factors which could affect EnerSys' results, including earnings
estimates, see EnerSys' filings with the Securities and Exchange
Commission, "Item 7. Management's Discussion and Analysis of
Financial Condition and Results of Operations," including
"Forward-Looking Statements," set forth in EnerSys' Annual Report
on Form 10-K for the fiscal year ended March 31, 2023. No undue
reliance should be placed on any forward-looking statements.
About EnerSys:
EnerSys is the global leader in stored energy solutions for
industrial applications, designs, manufactures and distributes
energy systems solutions and motive power batteries, specialty
batteries, battery chargers, power equipment, battery accessories
and outdoor equipment enclosure solutions to customers worldwide.
The company goes to market through four lines of business: Energy
Systems, Motive Power, Specialty and New Ventures. Energy Systems,
which combine power conversion, power distribution, energy storage,
and enclosures, are used in the telecommunication, broadband and
utility industries, uninterruptible power supplies, and numerous
applications requiring stored energy solutions. Motive power
batteries and chargers are utilized in electric forklift trucks and
other industrial electric powered vehicles. Specialty batteries are
used in aerospace and defense applications, large over-the-road
trucks, premium automotive, medical and security systems
applications. New Ventures provides energy storage and management
systems for various applications including demand charge reduction,
utility back-up power, and dynamic fast charging for electric
vehicles. EnerSys also provides aftermarket and customer support
services to its customers in over 100 countries through its sales
and manufacturing locations around the world. More information
regarding EnerSys can be found at www.enersys.com.
Sustainability
Sustainability at EnerSys is about more than just the benefits
and impacts of our products. Our commitment to sustainability
encompasses many important environmental, social and governance
issues. Sustainability is a fundamental part of how we manage our
own operations. Minimizing our environmental footprint is a
priority. Sustainability is our commitment to our employees, our
customers and the communities we serve. Our products facilitate
positive environmental, social and economic impacts around the
world. To learn more visit:
https://www.enersys.com/en/about-us/sustainability/.
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version on businesswire.com: https://www.businesswire.com/news/home/20230918349618/en/
Lisa Hartman Investor Relations and Financial Media EnerSys
610-236-4040 E-mail: investorrelations@enersys.com
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