C&D Technologies Selected by State of Wisconsin for Development of an Advanced Lithium-ion Energy Storage System for Use with Wi

BLUE BELL, Pa., Oct. 14  /PRNewswire-FirstCall/ -- Wisconsin Governor Jim Doyle has announced $7.3 million in grants and loans from the Wisconsin Energy Independence Fund (WEIF) for research and development and commercialization or adoption of new technologies. These awards will leverage $44.2 million in investments and create new jobs for Wisconsin families on farms, in forests, in research labs and for manufacturers.

"From manufacturing wind turbines and solar panels to retro-fitting fuel pumps and exploring the latest clean technologies, our future lies in seizing green opportunities that will create good jobs for our citizens and add billions of dollars to our economy," Governor Doyle said. "We are awarding more than $7 million in grants and loans to companies that are committed to expanding Wisconsin's clean energy industry. "

The Wisconsin Energy Independence Fund is an integral part of Clean Energy Wisconsin, Governor Doyle's strategy to strengthen Wisconsin's energy future. This comprehensive plan moves Wisconsin forward by promoting renewable energy, creating new jobs, increasing energy security and efficiency, and improving the environment.

Since coming into office, Governor Doyle has worked to make Wisconsin a leader in renewable energy.  In 2007, Governor Doyle created the Office of Energy Independence to promote efforts to reduce dependence on foreign oil and advance renewable energy initiatives.

C&D Technologies, Inc. has been awarded funding through the WEIF to design and develop a large-format, lithium-ion energy storage system for use with wind and solar power generation at their facility in Milwaukee, WI.

"C&D applauds Governor Jim Doyle's drive to increase Wisconsin's energy independence and is committed to developing market leading stored energy solutions in Wisconsin for renewable energy applications worldwide." said Dr. Jeffrey Graves, President and CEO of C&D Technologies. "For energy companies such as ours, Wisconsin offers a compelling infrastructure of support for advanced battery development, through their strong workforce, outstanding State University system and a supportive business growth environment.  Drawing upon these assets, we will leverage our market leading position as a supplier to the utility industry today, to ensure that we have leading edge solutions for the rapidly evolving renewable energy markets of tomorrow."

About C&D Technologies:

C&D Technologies, Inc. provides solutions and services for the switchgear and control (utility), telecommunications, and uninterruptible power supply (UPS), as well as emerging markets such as solar power. C&D Technology's designs, manufactures, sells and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power in the event of primary power loss until the primary source can be restored. C&D Technologies' unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. C&D Technologies is headquartered in Blue Bell, PA. For more information about C&D Technologies, visit http://www.cdtechno.com/.

Forward-looking Statements:

This press release may contain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934), which are based on management's current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Factors that appear with the forward- looking statements, or in the company's Securities and Exchange Commission filings (including without limitation the company's annual report on Form 10-K for the fiscal year ended January 31, 2008, or the quarterly and current reports filed on Form 10-Q and Form 8-K thereafter), could cause the company's actual results to differ materially from those expressed in any forward- looking statements made herein. 

DATASOURCE: C&D Technologies, Inc.



CONTACT:  Ian Harvie, [phone], , or Rita

Biehl, [phone],  



Web site:  http://www.cdtechno.com/ 

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