EnerSys Awarded Contract for Batteries for Chinese Nuclear Power Plants

READING, Pa., July 20 /PRNewswire-FirstCall/ -- EnerSys (NYSE: ENS) the world's largest manufacturer, marketer and distributor of stored energy solutions for industrial applications announced that it has been awarded a $10 million contract by the China State Nuclear Power Engineering Company, Ltd. for the supply of batteries for four reactors at two nuclear power plants, which are currently under construction in China.

These batteries, which are specifically certified for use in nuclear power plants, will be installed at the plants under construction in Sanmen, Shanzi province and Haiyang, Anhui province. The plants will utilize the Westinghouse AP 1000 third generation nuclear power technology and are the first of sixty reactors planned to be built in China utilizing this technology. Delivery of these batteries is scheduled for early 2011.

"This contract is significant for EnerSys," said John D. Craig, chairman, president and chief executive officer of EnerSys. "These are the first of the planned sixty reactors utilizing this technology, which represents a potential $150 million in batteries for these facilities. The first of these batteries will be produced in our Hays, Kansas facility. However, we are planning future production of these batteries for the Chinese market to be in our new Chongqing, China plant, which is currently under construction."

EDITOR'S NOTE: EnerSys, 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 fork trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunications 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.

Website: http://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 and intentions 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 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, including "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2010.  No undue reliance should be placed on any forward-looking statements.

SOURCE EnerSys

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED