Exide (NASDAQ:EXDTQ)
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Exide Signs Exclusive Supply Agreement with TBC Corporation
PRINCETON, N.J., March 2 /PRNewswire-FirstCall/ -- Exide Technologies,
(BULLETIN BOARD: EXDTQ) ( http://www.exide.com/ ) a global leader in stored
electrical-energy solutions, recently wasawarded an exclusive supply agreement
by TBC Corporation , one of the largest marketers of automotive replacement
tires in the U.S. This alliance represents a significant new customer for Exide
and includes TBC's recent acquisition of National Tire & Battery (NTB) from
Sears, Roebuck and Company, completed in November 2003.
As a result of the NTB acquisition, TBC increased its total number of retail
tire and automotive centers by approximately 25 percent to more than 1,160
locations. The exclusiveagreement will allow Exide to supply its NASCAR(R)
battery line to more than 590 retail locations operated by TBC under the "Tire
Kingdom", "Merchant's Tire & Auto Centers" and "National Tire & Battery" brands.
In addition, more than 570 tire and automotive service centers franchised by
TBC under the "Big O Tires" name will have the opportunity to purchase under the
same TBC/Exide program.
"Our exclusive alliance with TBC Corporation and its retail affiliates affords
Exide a tremendous opportunity to supply premium technology products with a
premium brand," said Craig H. Muhlhauser, President and CEO of Exide
Technologies. "As TBC works to aggressively expand its retail network in the
U.S., Exide will continue to build upon our already strong relationship,
maintaining our focus on making our customers successful."
About Exide Technologies:
Exide Technologies, with operations in 89 countries and fiscal 2003 net sales of
approximately $2.4 billion, is one of the world's largest producers and
recyclers of lead-acid batteries. The company's two global business groups --
industrial energy and transportation -- provide a comprehensive range of stored
electrical energy products and services for industrial and transportation
applications.
Industrial uses include network power applications such as telecommunications
systems, electric utilities, railroads, photovoltaic (solar-power related) and
uninterruptible power supply (UPS); and motive-power applications for a broad
range of equipment uses,including lift trucks, mining vehicles and commercial
vehicles.
Transportation applications include automotive, heavy-duty truck, agricultural
and marine, as well as new technologies being developed for hybrid vehicles and
new 42-volt automotive applications. The company supplies both aftermarket and
original-equipment transportation customers.
Further information about Exide Technologies, its financial results and other
information can be found at http://www.exide.com/ .
Certain statements in this press release may constitute forward-looking
statements as defined by the Securities Litigation Reform Act of 1995. As such,
they involve known and unknown risks, uncertainties and other factors that may
cause the actual results of the company to be materially different from any
results expressed or implied by such forward-looking statements. These are
enumerated in further detail in the company's Form 10-K.
MEDIA CONTACT:
Jeannine Addams or Kristin Wohlleben
Tarkenton & Addams, Inc.
404/231-1132
INVESTOR CONTACT:
Doug Morris
Gavin Anderson & Company
212/515-1962
DATASOURCE: Exide Technologies
CONTACT: Media, Jeannine Addams or Kristin Wohlleben of Tarkenton &
Addams, Inc., +1-404-231-1132; or Investors, Doug Morrisof Gavin Anderson &
Company, +1-212-515-1962