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Exide Announces Strategic Partnership With Comab to Produce and Service Industrial Batteries for Brazil Market

2013-03-22 13:08 ET - News Release

MILTON, Ga., March 22, 2013 (GLOBE NEWSWIRE) -- Exide Technologies (Exide do Brasil) is pleased to announce that it has established a strategic partnership in Brazil with Comab (COMAB INDÚSTRIA, COMÉRCIO E MANUTENÇÃO DE BATERIAS LTDA – EPP) to produce and service Motive Power industrial batteries. These products will be sold and distributed primarily to the electric fork lift truck and markets in Brazil.

Under this new arrangement, battery production and assembly processes will be completed at Comab's facility in Mogi das Cruzes (outside Sao Paulo) Brazil. Exide will supply the materials, processes and technology required for the operation and Comab will provide the facilities and local management in addition to after sales service support. Products will be sold and distributed by GNB® Industrial Power, a division of Exide Technologies, under its world leading brands. These products will be available in late 2013.

"We are very excited to be establishing this operation with Comab in Brazil. This expanded relationship will allow us to participate in a very dynamic and growing marketplace, to provide products and service solutions to many of our global OEM customers who are operating there, and to pursue new opportunities," said Paul Hirt President, Exide Americas. "Comab has been a quality service provider to GNB Industrial Power in Brazil for some time. Our strong relationship and Comab's local market expertise should lead to a long and successful relationship."

"Exide's outstanding products, brands and global market presence combined with Comab's established high quality service offering makes this partnership a strong fit to meet the demands of the growth in the Brazilian industrial battery market," added Fernando Pessoa, President of Comab.

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 four global business groups – Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World – 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 Comab

COMAB was founded in 1994 with the goal to provide outstanding service and to support the sales of motive and network power batteries and is based in Mogi das Cruzes, Brazil.

CONTACT: MEDIA CONTACT:
         
         Susan Jaramillo
         Exide Technologies
         203/699-9133 phone
         860/922-1279 cell
         susan.jaramillo@exide.com
         
         INVESTOR CONTACT:
         
         Carol Knies
         Senior Director of Investor Relations
         Exide Technologies
         678/566-9316 phone
         carol.knies@exide.com

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