MILTON, Ga., March 17, 2014 (GLOBE NEWSWIRE) -- Exide Technologies (OTCQB:XIDEQ) (www.exide.com), a global leader in stored electrical-energy solutions, announced today that the Company has secured a new supply contract for storage batteries with the Defense Logistics Agency (DLA) Land and Maritime, Columbus, Ohio.
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The DLA is the U.S. Department of Defense's largest logistics combat support agency, providing worldwide logistics support, acquisition and technical services in both peacetime and wartime to the military services as well as several civilian agencies and foreign countries. This new agreement expands Exide's existing relationship with the DLA and comes on the heels of the Company's recent recognition by the agency for quality performance as one of the government's best suppliers.
According to the terms of the three-year contract, Exide will supply the Exide® Military 6TAGM battery to the DLA for use by the U.S. armed forces in their fleets of rolling stock vehicles. The 6TAGM battery joins the other 6T family of batteries for military applications that the Company provides to the DLA.
"Exide is the only full-line manufacturer of 6T batteries in dry, flooded (wet-acid filled), and AGM configurations, and our comprehensive military portfolio of high quality products is well-suited for rigorous applications," said Allan Hillyer, Director of Sales – Military and Government Segment for Exide Technologies. "As a major long-term supplier of qualified military batteries for Prime Government Contracts and original-equipment military manufacturers, we look forward to providing the DLA with our most advanced 6T battery in support of our nation's warfighters."
The Exide® Military 6TAGM battery is an ideal power source for selected military vehicles; key product benefits include:
- Higher power and longer cycle life than comparable flooded product;
- Sealed, maintenance-free, non-spillable® (under normal operating conditions), and air-transportable;
- Designed, produced, and qualified to meet or exceed Military Specification MIL-PRF-32143.
"Our new agreement with the Defense Logistics Agency underscores the excellent engineering, innovative technology, and technical support of our products for military applications," said Bob Caruso, President and Chief Executive Officer of Exide Technologies. "The award of this contract expands and strengthens Exide's long-standing partnership with the DLA and enables our Company to broaden supply of premium quality product that conforms to all applicable military specification requirements."
Exide will supply the DLA its 6TAGM batteries from its manufacturing facility in Columbus, Georgia.
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
DLA Land and Maritime is the Land and Maritime supply chain headquarters for DLA, with more than 3,000 associates in 37 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.
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