EnerSys Awarded $39 million in Contracts for Submarine Batteries
READING, Pa., Aug 09, 2010 /PRNewswire via COMTEX/ --
EnerSys, (NYSE: ENS) the global leader in stored energy solutions for industrial applications, announced that it has recently been awarded contracts valued at over $39 million for submarine batteries with five navies worldwide.
The batteries will be manufactured in EnerSys' new European submarine battery production facility with the first battery scheduled to ship in early 2011.
In addition to being the leading global supplier of conventional lead based battery solutions for both nuclear and diesel electric submarines, EnerSys has recently developed submarine batteries incorporating its proprietary thin plate pure lead technology for the U.S. Navy's nuclear submarine fleet and has developed large lithium ion batteries that can serve both propulsion and reserve power needs on board submarine fleets in the future.
"These five new contracts give further recognition to our long-standing association with navies throughout the world." said John D. Craig, chairman, president and chief executive officer of EnerSys. "These new orders totaling $39 million are in addition to our existing contract to supply thin plate pure lead submarine batteries to the U.S. Navy."
EDITOR'S NOTE: EnerSys, the global 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, and numerous applications requiring standby power. 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.