Oct. 14, 2009 (PR Newswire) --
READING, Pa., Oct. 14 /PRNewswire-FirstCall/ -- EnerSys (NYSE: ENS), the world's largest manufacturer, marketer, and distributor of industrial batteries, announced that recently it has been awarded contracts in the United States and Europe for submarine batteries with a value in excess of $20 million.
In the US, EnerSys has received a second consecutive contract award from the United States Navy to produce valve regulated lead acid (VRLA) batteries using its proprietary thin plate pure lead (TPPL) technology. This award represents 100% of the US Navy's requirement under their 2009 solicitation for VRLA submarine batteries. In February 2008, EnerSys was awarded its first production contract at the end of the successful culmination of a multi-million dollar multi-year cost sharing partnership between EnerSys and the US Navy.
"EnerSys has performed well on the first production contract and we believe provided a superior product," said John Craig, chairman, president and chief executive officer of EnerSys. "We are pleased that the US Navy has awarded us a second successive contract to supply all of their submarine battery needs."
EnerSys will continue to produce the submarine batteries at the Company's highly automated facility in Warrensburg, Missouri.
"The EnerSys team worked diligently throughout the ongoing initial production contract to maximize customer satisfaction and even met challenging delivery schedules as production started to ramp up. We have developed strong relationships with the US Navy teams at NSWC in Crane, Indiana, NAVSEA in Washington DC, submarine shipyards and other Navy sites," remarked Sanjay Deshpande, EnerSys vice president of Aerospace and Defense.
EnerSys has also recently received contracts in Europe for batteries for both nuclear and diesel electric submarines for existing and new customers. These batteries will be built in EnerSys' newly constructed specialty facility in Targovishte, Bulgaria.
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.
