ALPHARETTA, Ga., July 15, 2008 (PRIME NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical-energy solutions, announced today that its Industrial Energy Division in Europe has secured a new military contract in Asia. The new affiliation is a partnership with Trans Resources Corporation (TRC) Sdn Bhd to support electrical networks at a new naval base in Malaysia.
Exide's new contract with (TRC), the main contractors for the Royal Malaysian Navy's naval base at Kota Kinabalu, Malaysia, illustrates the Company's growing capability as a provider of support for electrical networks. TRC, principally involved in construction activities and property development, is a wholly-owned subsidiary of TRC Synergy Berhad (TRCS).
As a turnkey provider, Exide was awarded a contract by TRC for a project covering supply, installation, training and maintenance of the Power Supply/Battery Charging and Shore Supply electrical networks as well as the battery workshop attached to a new naval base now under construction at Sapangar Bay, Kota Kinabalu, Sabah, Malaysia. The base, designed to provide maintenance and logistics services for the Scorpene-class submarines for the Royal Malaysian Navy, will include two industrial areas consisting of four jetty stations (or receiving berths) and a transfer area and hangar. Since 2005, Exide has provided its HAGEN propulsion batteries for the Royal Malaysian Navy's Scorpene-class submarines.
"Our expanded alliance with TRC and the Royal Malaysian Navy demonstrates Exide's capability to supply military bases with electrical networks that meet critical maintenance and logistics needs for submarine fleets," said Joel Campbell, President - Industrial Energy Europe for Exide Technologies. "The contract also demonstrates Exide's extensive product support and customer service capabilities."
About Exide Technologies
Exide Technologies, with operations in more than 80 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.
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