READING, Pa., Nov. 16, 2010 /PRNewswire via COMTEX/ --
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced that it has received a multi-year contract award, with an estimated value of $38.5 million in the first year from the United States Defense Logistics Agency (DLA), to produce valve regulated lead acid (VRLA) batteries using its proprietary thin plate pure lead technology. The award is for EnerSys' Hawker Armasafe Plus batteries for use by the United States Army and Marine Corps and for EnerSys' Hawker F-16 batteries for use by the United States Navy and Air Force. The contract provides for the DLA to exercise additional equal annual options through 2014.
"EnerSys has supplied approximately one million Hawker Armasafe Plus batteries to the US military and remains a dedicated supplier to our fighting forces both at home and abroad," said John Craig, chairman, president and chief executive officer of EnerSys. "We are pleased that DLA has acknowledged our efforts to support the US military by extending our supplier relationship for several additional years."
EnerSys will continue to produce Hawker Armasafe Plus and F-16 batteries at the company's highly automated facility in Warrensburg, Missouri where batteries for the US Navy nuclear submarines are also manufactured.
"The entire EnerSys team works diligently on a daily basis to manufacture and deliver these premium products to the US military. We are constantly working with DLA to maximize customer satisfaction," remarked Sanjay Deshpande, EnerSys vice president of aerospace and defense. "Over the past several years we successfully met challenging delivery schedules in support of the United States military's worldwide operations. We continue to receive positive feedback regarding our batteries used in tactical vehicles, aircraft and submarines."
EDITOR'S NOTE: EnerSys, the world leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Motive power batteries are utilized in electric fork trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power supplies, applications requiring standby power and specialty applications including aerospace and defense. The Company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.
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 and intentions 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 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, including "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in the Company's Quarterly Report on Form 10-Q for the period ended October3, 2010. No undue reliance should be placed on any forward-looking statements.