EnerSys Launches EcoSafe Batteries for Renewable Energy Generation Applications
READING, Pa., Sept. 30 /PRNewswire-FirstCall/ -- EnerSys (NYSE: ENS), the world's largest manufacturer, marketer and distributor of industrial batteries, significantly broadened its product support for the fast growing renewable energy market with the recent launch of its EcoSafe product line. EcoSafe batteries, which use lead, nickel and lithium technologies, were developed specifically for renewable energy storage applications, including solar, wind turbine and other electricity-generation alternatives.
"EcoSafe batteries are important for EnerSys," said John D. Craig, chairman, president and chief executive officer of EnerSys. "They strengthen our position as a global leader in energy storage and position us at the center of an important and emerging sector of this market. The strong links that we have forged already with the renewable energy industry will help ensure that we continue to develop the technologies and the products needed for the future."
EcoSafe products include an enhanced line of lead chemistry batteries, as well as batteries that employ nickel and lithium technologies. EcoSafe batteries offer a selection of energy storage solutions designed to meet the requirements of the latest renewable power-generating operations.
This year, EnerSys is investing in its worldwide manufacturing facilities to expand capacity of lead-based products, including its proprietary thin plate pure lead (TPPL) technology. Recent investments also led to new developments in nickelbased products for solar and wind turbine applications and developments in new lithium-based solutions. These investments resulted in the acquisition and utilization of a comprehensive range of technologies, with particular attention paid to battery chemistry, manufacturing processes and quality control.
"We are seeing a broadening interest in all major energy storage technologies for renewable applications," Craig said. "Our products and solutions are experiencing increased interest in a variety of applications from our customers, who are demanding more and larger energy storage components to make solar, wind turbine and other alternative electricity generation more productive for both in-grid and off-grid systems.
"We expect considerable growth for lead, nickel and lithium technologies and are committed to supplying solutions to meet our customers' growing needs. Our sales for renewable energy storage will be presented as focused solutions in the expanding EcoSafe product line."
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. These forward-looking statements may include, but are not limited to, (i) statements regarding EnerSys' 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 "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning; and (ii) statements about the benefits of the product line, including any impact on our financial and operating results and estimates, and any impact on EnerSys' market position that may be realized from this product line. These forward-looking statements are based upon management's current beliefs or expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. The foregoing factors, among others, could cause actual results to differ materially from those described in the forwardlooking statements. EnerSys may not realize benefits from these contracts. 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 any forwardlooking statement to reflect circumstances or events that occur after the date such forward-looking statement is made. For a list of other factors, which could affect EnerSys' results, see EnerSys' filings with the Securities and Exchange Commission, including "Item 1A. Risk Factors," set forth in EnerSys' Annual Report on Form 10-K for the fiscal year ended March 31, 2008.
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 forklift trucks and other commercial electrically powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power suppliers and numerous applications requiring standby power. The company also provides aftermarket and customer support services to its customers from more than 100 countries through its sales and manufacturing locations around the world. More information regarding EnerSys can be found at http://www.enersys.com