Exide Technologies Secures Defense Logistics Agency Land and Maritime Award

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MILTON, Ga., Jan. 9, 2014 (GLOBE NEWSWIRE) -- Exide Technologies (OTCQB:XIDEQ) (www.exide.com), a global leader in stored electrical-energy solutions, was recently honored by the Defense Logistics Agency (DLA) Land and Maritime, Columbus, Ohio, as one of the government's best suppliers. The DLA Land and Maritime is the Land and Maritime supply chain headquarters for DLA, with more than 3,000 associates in 53 locations around the world.

Exide supplies the DLA lead-acid 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. This recognition means Exide has supplied a product the government can be confident in using.

Companies that qualify as Automated Best Value System award winners have met the stringent quality and delivery requirements established by the Defense Logistics Agency. The ABVS, a computerized system, collects a vendor's past performance data and translates it into a numeric score, ranging from zero to 100.

To be eligible, vendors must have shipped 50 or more contract line items during a 12-month period. To qualify for a Gold Award, a contractor must have a perfect score of 100; a score of 99 to 99.99 earns a Silver Award, and 98 to 98.9 earns a Bronze Award. This year, Exide received a Bronze Award.

"Exide is honored to supply the DLA in support of its defense efforts of the United States," said Bob Caruso, President and CEO of Exide Technologies. "Less than three percent of the DLA supply base qualifies for this award, and it is rewarding to have our customer recognize the quality of our product as well as our performance and hard work."

Allan Hillyer, Director of Sales – Military and Government Segment for Exide Technologies, accepted the Recognition for Excellence Award from the DLA Land and Maritime Commander, Navy Rear Admiral David R. Pimpo. The award ceremony was held on November 15, 2013, on the Defense Supply Center Columbus (Ohio) installation. The batteries that Exide supplies the DLA are manufactured at the Company's Transportation facility in Manchester, Iowa.

About Exide Technologies

Exide Technologies, with operations in more than 80 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's global business groups provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

About DLA Land and Maritime

About DLA Land and Maritime is the Land and Maritime supply chain headquarters for DLA, with more than 3,000 associates in 53 locations around the world. Land and Maritime manages almost 2 million spare parts and supports more than 145,000 customers in the military services, civilian agencies and other Department of Defense organizations. Land and Maritime awards more than 707,000 contracts annually, supports nearly 1,400 weapon systems and handles more than 6.7 million orders annually, with annual sales topping $3.1 billion.

CONTACT: MEDIA and INVESTOR CONTACTS: Jeannine Addams Kristin Wohlleben J. Addams & Partners, Inc. 404/231-1132 phone jfaddams@jaddams.com kwohlleben@jaddams.com MEDIA CONTACTS: Michael Jones, DSCC Public Affairs Officer 614/692-2502 phone Tony D'Elia, Media Contact 614/692-1812 phone DLA.Land.and.Maritime.Public.Affairs@DLA.mil

Source:Exide Technologies