MILTON, Ga., June 10, 2010 (GLOBE NEWSWIRE) -- Exide Technologies, (Nasdaq:XIDE) (www.exide.com), a global leader in stored electrical-energy solutions, announced today a new licensing agreement with Honeywell Consumer Products Group. Honeywell Consumer Products Group is a business unit within the Honeywell Transportation Systems segment. Its leading automotive care products include FRAM® oil, air, transmission and fuel filters; Autolite® spark plugs and ignition wire sets; Prestone® antifreeze and car care products; and Holts® car care products.
The new agreement with Honeywell provides the Exide Transportation Americas operating division the right to use the Autolite® trademark on batteries for automotive, lawn and garden, marine and power-sports applications for sales in the USA, Canada and Mexico.
"The Exide Transportation team in North America embraces the opportunity to help broaden our customer reach as a result of our new alliance with Honeywell," said Bruce Cole, President – Transportation Americas for Exide Technologies. "Today, there are no active mass market distributors of Autolite® batteries, although the brand is strong on spark plugs and numerous other aftermarket replacement parts. Together, Exide and Honeywell look to deliver leading lead-acid batteries to the domestic aftermarket from a trusted source."
For additional information on becoming a distributor of Autolite® batteries, please call 1-800-START-IT or visit www.exide.com.
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 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.
The Exide Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5067