EnerSys® Awarded $71M Long Term Contract For U.S. Military Batteries

READING, Pa., March 21, 2017 /PRNewswire/ -- EnerSys^®, (NYSE: ENS) the global leader in stored energy solutions for industrial applications, announced that it has recently been awarded a long term contract valued at over $71 million for production and supply of its proprietary Thin Plate Pure Lead (TPPL) Hawker^® ARMASAFE^® Plus batteries.  EnerSys signed a three year contract with an option for two additional years with the United States Defense Logistics Agency (DLA) for  batteries used by all branches of the U.S. military in combat and tactical vehicles, as well as generators. 

"EnerSys has supplied Hawker^® ARMASAFE^® Plus batteries to the U.S. military since 2002 and is proud to continue our expanding relationship with the DLA via the award of this competitive, best value contract," said David Shaffer, President and Chief Executive Officer of EnerSys. "We are honored by this continuation of EnerSys retaining the majority share of the DLA's estimated annual volume for this size battery and we look forward to continuing our support of the U.S. military."

The company will continue to produce Hawker^® ARMASAFE^® Plus batteries at its highly automated facility in Warrensburg, Missouri where batteries for U.S. Navy nuclear submarines and U.S. military aircraft are also manufactured.

"Over the past several years EnerSys has expanded our technology portfolio to include batteries that power everything from submarines to satellites.  We are constantly working with the U.S. military and multiple federal agencies on several levels to maximize customer satisfaction," remarked Jeffrey Long, EnerSys, President-Americas.  "We continually meet challenging delivery schedules for our military customers and we stand ready to support the U.S. Army's decision to transition from traditional flooded batteries to Valve Regulated Lead Acid (VRLA) batteries such as the TPPL Hawker^® ARMASAFE^® Plus." 

EDITOR'S NOTE: EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Motive power batteries and chargers 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 stored energy solutions including medical, aerospace and defense systems. Outdoor equipment enclosure products are utilized in the telecommunication, cable, utility, transportation industries and by government and defense customers. 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.

More information regarding EnerSys can be found at www.enersys.com.

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, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys' earnings estimates, plans, objectives, expectations, intentions and estimated value of contracts with DLA and other statements contained in this press release that are not historical facts, including statements identified by words such as "believe," "plan," "seek," "expect," "intend," "estimate," "anticipate," "will," and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, and market share, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act.  The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies, satisfying conditions and obligations contained in contracts and changes in circumstances, many of which are beyond EnerSys' control.  The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise.  EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. 

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect EnerSys' results, including earnings estimates, see EnerSys' filings with the Securities and Exchange Commission, "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in EnerSys' Annual Report on Form 10-K for the fiscal year ended March 31, 2016. No undue reliance should be placed on any forward-looking statements.

SOURCE EnerSys

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http://www.enersys.com