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EXDTQ Exide Technologies (MM)

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Pre Market
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Delayed by 15 minutes
Share Name Share Symbol Market Type
Exide Technologies (MM) NASDAQ:EXDTQ NASDAQ Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Exide Technologies Battery Supply Takes Off with Scandinavian Airlines System

12/01/2004 5:37pm

PR Newswire (US)


Exide (NASDAQ:EXDTQ)
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Exide Technologies Battery Supply Takes Off with Scandinavian Airlines System PRINCETON, N.J., Jan. 12 /PRNewswire-FirstCall/ -- Exide Technologies, (BULLETIN BOARD: EXDTQ) ( http://www.exide.com/ ), a global leader in stored electrical-energy solutions, has secured a large order for motive power batteries and a complete battery maintenance system from Scandinavian Airlines Systems (SAS), the consortium of three national airlines for Norway, Sweden, and Denmark that offers a broad range of airline services. Long recognized as one of the best-run commercial airlines, SAS is Europe's 4th largest carrier measured in total number of passengers with Europe's highest share in business class service, and is a founding member of the Star Alliance global airline network. Yet, faced with dire post-9/11 market conditions, SAS launched a major restructuring initiative in 2002 targeting traffic, operations and production systems to ensure the company's profitability and long-term competitiveness. Under this initiative, SAS recently acquired 68 LINDE tractors, each unit fitted with 80 volt 620 Ah Exide motive power batteries and supported by a complete Exide battery water maintenance system to maximize tractor fleet utilization. These tractors will be used as baggage carriers at Kastrup Airport in Copenhagen, Denmark, which is Scandinavia's major airport and one of the world's best functioning, most punctual air transportation hubs. At Kastrup, SAS and other airlines adhere to tight schedules, producing efficient reloading, shorter lead times, and shorter transfer times that improve yield and reduce unit cost. As part of this process, the dependability of the baggage handling fleet is essential for efficient operations. "This SAS order, aligned with our marketing alliance with LINDE, culminates the development of a long-term relationship that positions Exide as SAS's preferred partner," said Neil Bright, President of the Exide Technologies Industrial Energy Business Group. "This coordinated supply arrangement-combining LINDE's tractors with Exide's batteries, maintenance systems and services-illustrates our commitment to achieving world-class products and services that make 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 Morris of Gavin Anderson & Company, +1-212-515-1962 Web site: http://www.exide.com/

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