Exide Technologies Awarded Contract from the Defense Logistics Agency

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Apr 20, 2017, 13:18 ET

MILTON, Ga., April 20, 2017 /PRNewswire/ -- Exide Technologies (www.exide.com), a global provider of stored electrical energy solutions, today announced that it has been awarded a new contract with the Defense Logistics Agency (DLA) to supply 6TAGM military batteries. The new contract between Exide and the DLA is a three-year contract with two, one-year option periods. The three-year base contract has a value of approximately $47 million.

The 6TAGM military battery is designed and qualified to meet stringent military specifications for primary use by military services and military manufacturers in tanks, armored vehicles and similar equipment applications. Orders are expected to begin April 2017 with batteries then being delivered to military bases and sites across the globe.

"Exide is honored and excited to grow our relationship with the DLA and to further support the agency's critical defense efforts," said Vic Koelsch, President and CEO of Exide Technologies. "This award, and the associated investments we are making to support it, show our commitment to the defense industry and to supplying quality products that meet or exceed strict government standards."

The new contract win is the latest development in Exide's 25-year-long partnership with the DLA. Exide supplies the DLA with batteries for military vehicle applications, primarily for the support of the U.S. military's fleet of rolling stock vehicles for the Department of Defense and other agencies. Exide is the only full-line supplier of qualified 6T batteries (6TL, 6TMF, 6TAGM) in the industry.

About Exide Technologies

Exide Technologies (www.exide.com) is a global provider of stored electrical energy solutions—batteries and associated equipment and services for transportation and industrial markets. With 128 years of industry experience and operating in more than 80 countries, Exide produces and recycles a broad range of products that keep customers and their businesses powering forward.

The Exide Transportation business manufactures and markets starting, deep-cycle, and micro-hybrid batteries for automotive, light and heavy-duty truck, agricultural, marine, military, powersport, and other specialty applications, along with battery diagnostic equipment and charging systems.

Exide serves the Industrial Power markets with its GNB®-branded efficient energy storage systems for both Motive Power and Network Power customers. Motive Power applications include materials handling (power for lift trucks, airside assistance vehicles, and automatic guided vehicles); cleaning machines; railroads; military and mining vehicles; and other commercial electric vehicles. Network Power installations include standby power for electric utilities; telecommunications systems; alarm/security systems; renewable energy systems; railway systems; uninterruptible power supply (UPS); and defense industry equipment.

Exide Technologies is Powering the World Forward. History and scale, combined with a start-up mentality, make Exide the right choice for customers who want more than simply a battery supplier.

SOURCE Exide Technologies