CORRECTING and REPLACING Saft Awarded Additional $1.3 Million by BAE Systems for U.S. Army’s Ground Combat Vehicle Lithium-ion Energy Storage System

CORRECTION...by Saft

COCKEYSVILLE, Md.--()--Sixth graph, second sentence, should read: If the BAE Systems – Northrop Grumman team is selected as the Army’s design and manufacturing partner, Saft will likely be the battery supplier when production begins in 2019 (sted If the BAE Systems – Lockheed Martin team is selected as the Army’s design and manufacturing partner, Saft will likely be the battery supplier when production begins in 2019).

The corrected release reads:

SAFT AWARDED ADDITIONAL $1.3 MILLION BY BAE SYSTEMS FOR U.S. ARMY’S GROUND COMBAT VEHICLE LITHIUM-ION ENERGY STORAGE SYSTEM

BAE Systems has awarded Saft with $1.3 million in new funding for the continued development of a Lithium-ion (Li-ion) energy storage system for the U.S. Army’s Ground Combat Vehicle (GCV) program. Saft, which is designing and building ultra- high-power cells for the vehicle’s hybrid electric drive system, has already completed the demo battery system including hardware and software.

The GCV is part of a growing list of military vehicle prototypes for which Saft has supplied advanced energy storage solutions (ESS). The new funding for the GCV project is an addition to the initial 2010 contract.

The GCV is a nine-man Infantry Carrier that can protect against threats, move in urban and off-road terrain and accommodate emerging technologies such as lightweight armor composites and electronics. Comprised of ultra-high-power, high-voltage VL 5U cells, the Li-ion ESS supports the GCV’s electric drive system when the vehicle is not running on gasoline, such as during silent watch missions. The ESS system employs green technologies which improves vehicle fuel consumption and improves weight savings. Saft’s proposed ESS reduces the program cost and provides a highly reliable product by leveraging already developed subsystems and components from other qualified system to use on the GCV program.

Saft joins Northrop Grumman, iRobot, MTU, and Qinetiq North America on the BAE Systems GCV team, one of two industry teams working on the technology development phase of the program. The 24-month technology development phase is aimed at completing preliminary design reviews in order build prototype systems prior to the engineering and manufacturing phase.

“Saft is proud to continue working with BAE Systems and its partners on the GCV program,” said Tom Alcide, General Manager of Saft’s Specialty Battery Group. “This project is a testament to BAE Systems’ long-standing support of Saft and our expertise in designing and building state-of-the-art batteries that meet the demands of modern, sophisticated military vehicles.”

The GCV program has the potential to have a significant impact for Saft. If the BAE Systems – Northrop Grumman team is selected as the Army’s design and manufacturing partner, Saft will likely be the battery supplier when production begins in 2019.

About Saft

Saft (Euronext: Saft) is a world leader in the design and manufacture of advanced technology batteries for industry. The Group is the world’s leading manufacturer of nickel batteries and primary lithium batteries for the industrial infrastructure and processes, transportation, civil and military electronics’ markets. Saft is the world leader in space and defense batteries with its Li-ion technologies which are also being deployed in the energy storage, transportation and telecommunication markets. Saft’s 4,000 employees present in 19 countries, together with its 16 manufacturing sites and extensive sales network, all contribute to accelerating the Group’s growth for the future.

For more information, visit Saft at www.saftbatteries.com.

Contacts

Press Contacts:
Jill Ledger
Saft Corporate Communications and Institutional Relations Director
+33 1 49 93 17 77
jill.ledger@saftbatteries.com
or
U.S. Press contact:
Chris Shigas, French/West/Vaughan
919-277-1167
cshigas@fwv-us.com

(Graphic: Business Wire)

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Release Summary

BAE Systems has awarded Saft with $1.3 million in new funding for the continued development of a Lithium-ion (Li-ion) energy storage system for the U.S. Army’s Ground Combat Vehicle (GCV) program.

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Contacts

Press Contacts:
Jill Ledger
Saft Corporate Communications and Institutional Relations Director
+33 1 49 93 17 77
jill.ledger@saftbatteries.com
or
U.S. Press contact:
Chris Shigas, French/West/Vaughan
919-277-1167
cshigas@fwv-us.com