EnerSys, the world's largest manufacturer, marketer, and distributor of industrial batteries, recently announced that its EnerSys Energy Products, Inc. subsidiary has received an initial contract award from the US Navy to produce valve regulated lead acid (VRLA) batteries using its proprietary thin plate pure lead (TPPL) technology. This award represents 100% of the US Navy’s requirement under their 2007 solicitation for VRLA submarine batteries in continuation of their effort to retrofit the entire nuclear submarine fleet with VRLA batteries in place of the legacy flooded lead-acid batteries. This is the successful culmination of a multi-million dollar multi-year cost shared partnership between EnerSys and the US Navy. EnerSys will produce the submarine battery at the company's highly automated facility in Warrensburg, Missouri.
“Our TPPL technology will enable each submarine to achieve longer run times than the specification requires while enabling the substantial reduction in battery maintenance that motivated the US Navy to start the conversion of its entire nuclear submarine fleet to VRLA batteries,” said John Craig, chairman, president and CEO of EnerSys. “We plan to leverage this success with the US Navy to convert submarine batteries for other navies around the world to our TPPL technology, thus strengthening our over 75 year role as a global submarine battery supplier,” he added.
Senator Kit Bond (R, MO), who has supported and encouraged EnerSys’ development efforts noted, "We are proud that a Missouri-based facility is producing such advanced batteries for the US Navy submarine program, which is so crucial to national security and US maritime supremacy. The factory has been a provider of world-class batteries for all branches of the US military for the last decade.”
Sanjay Deshpande, EnerSys vice president of aerospace and defense, remarked, "This is the first of hopefully many contracts as the US Navy converts its fleet of approximately 70 nuclear submarines to VRLA batteries. EnerSys is qualified to supply batteries to all four classes of US Navy submarines. The production contract acknowledges the improvements in both product and process design achieved during our development partnership with the US Navy.”
For more information, contact Richard Zuidema, executive vice president, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA
EnerSys (enersys.com), the world leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Motive power batteries are utilized in electric forklift trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunication and utility industries, uninterruptible power supplies, and numerous applications requiring standby power. The company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.
Caution Concerning Forward-Looking Statements
This press release (and oral statements made regarding the subjects of this release) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, but are not limited to, (i) statements regarding EnerSys' plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning; and (ii) statements about the benefits of the submarine contract including any impact on our financial and operating results and estimates, and any impact on EnerSys' market position that may be realized from this contract award.
These forward-looking statements are based upon management's current beliefs or expectations and are inherently subject to significant business, economic, and competitive uncertainties and contingencies many of which are beyond our control. The following factor, among others, could cause actual results to differ materially from those described in the forward-looking statements. The possibility that EnerSys may not realize revenue benefits from the contract award within expected time frames. EnerSys does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date such forward-looking statement is made. For a list of other factors, which could affect EnerSys' results, see EnerSys' filings with the Securities and Exchange Commission, including "Item 1A. Risk Factors," set forth in our EnerSys' Annual Report on Form 10-K for the fiscal year ended March 31, 2007.