Exide Technologies Retains Financial Advisor
MILTON, Ga., April 4, 2013 (GLOBE NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical energy solutions, announced today that the financial advisory firm of Lazard has been retained to advise the company on financing alternatives to maximize the value of the company for all stakeholders. The company does not anticipate making any further announcements regarding its review until the process is complete. In addition, the company expects that fiscal 2013 fourth quarter free cash flow will be approximately $50 million, exceeding prior guidance of $30 million, with total liquidity (cash and availability under credit lines) at March 31, 2013 of greater than $230 million. These amounts are all subject to final audit and, therefore, could be subject to change.
Exide Technologies and Maxwell Technologies Form Strategic Alliance to Develop and Market Integrated Battery-Ultracapacitor Energy Solutions
MILTON, Ga., and SAN DIEGO, Calif., Nov. 13, 2012 (GLOBE NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE), a global leader in stored electrical energy solutions, and Maxwell Technologies, Inc. (Nasdaq:MXWL), a leading developer and manufacturer of ultracapacitor products, today announced the formation of a strategic alliance. The two companies will work together in the development and marketing of advanced, integrated, battery-ultracapacitor energy storage solutions to be used in a wide array of transportation and industrial applications.
Exide Technologies Announces Plans to Idle Lead Recycling Operations in Reading, PA
READING, Pa., Nov. 8, 2012 (GLOBE NEWSWIRE) -- (Nasdaq:XIDE) – Exide Technologies announced today that it will be idling its lead recycling operations at its Reading, Pa. facility, effective no later than March 31, 2013. The company will continue to operate its plastics recycling business at the Reading facility. Exide will maintain the Reading facilities and the permits and approvals necessary for all recycling activities.