Exide (NASDAQ:EXDTQ)
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Exide Renews Relationship With Sunrise Medical
PRINCETON, N.J., Feb. 19 /PRNewswire-FirstCall/ -- Exide Technologies
(BULLETIN BOARD: EXDTQ) ( http://www.exide.com/ ), a global leader in stored
electrical-energy solutions, has extended its 10-yearrelationship with Sunrise
Medical Ltd., one of the world's largest manufacturers of homecare and extended
care products.
In signing the new agreement with Sunrise Medical, Exide has secured its status
as the major battery supplier to the U.K.-based designer, manufacturer, and
marketer of rehabilitation products and assistive technology devices for people
with disabilities.
Sunrise Medical products are distributed through an exclusive dealer network.
According to the terms of the new agreement, Exide will supply a range of
batteries and charging systems to Sunrise Medical distributors in Austria,
Belgium, Denmark, Finland, France, Germany, Holland, Ireland, Italy, Norway,
Portugal, Spain, Sweden, Switzerland, and the U.K. The batteries will be used
in power wheelchairs, positioning and seating products, hoists, ambulatory aids
and scooters.
"We are in business to make our customers successful," said Neil Bright,
President, Industrial Energy Business Group. "Sunrise Medical is comprised of
people who work smarter and understand the true value of innovation. Exide has
been able to extend our relationship with this customer because we provide a
consistently high degree of service and product quality that has helped Sunrise
Medical live up to its mission and serve its own customers successfully."
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.
DATASOURCE: Exide Technologies
CONTACT: Jeannine Addams or Kristin Wohlleben, +1-404-231-1132, of
Tarkenton & Addams, Inc.; or Investors, Doug Morris of Gavin Anderson &
Company, +1-212-515-1962