The Royal Netherlands Navy has contracted Exide to supply HAGEN batteries to serve as the main lead-acid batteries for its Walrus-class submarines. The contract anticipates delivery by March 2006.
Exide also has been awarded a contract by Navantia in Cartagena, Spain, to provide two sets of HAGEN propulsion batteries for Scorpene-class submarines that Navantia is building with France-based DCN International for the Royal Navy of Malaysia. The batteries are ordered for delivery in August 2006 and May 2007. Exide also provided the batteries for the Scorpene attack submarines recently built for the Chilean Navy.
"It is a tribute to our product technology, quality and reliability that Exide's batteries have been selected for these demanding applications," said Neil Bright, President - Industrial Energy Europe. "The Scorpene order is particularly significant for Exide because our technology was again selected for this new class of submarine."
The batteries for both orders will be manufactured at Exide's Industrial Energy plant in Bad Lauterberg, Germany. HAGEN submarine batteries have been an industry-leading brand for more than 40 years.
About Exide Technologies
Exide Technologies, with operations in 89 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.
Further information about Exide, including its financial results, are available at www.exide.com.