Delphi and BWS Subsidiary, Magnacharge, Formalize Strategic Relationship for Battery Distribution to Canadian Aftermarket
VANCOUVER, British Columbia--Feb. 18, 2003-- Delphi Product & Service Solutions, part of Delphi Corporation ("Delphi") and Magnacharge Battery Company, ("Magnacharge"), a subsidiary of Battery & Wireless Solutions Inc. ("BWS") (TSX-V:BWS) are please to announce a strategic agreement, establishing Magnacharge as one of Delphi's key Battery Specialists in North America. Under the terms of the agreement, Magnacharge will act as a feeder to Delphi national accounts in Canada, as well as inventory, sell and distribute Delphi products to its expanding client base."Formalizing our strategic relationship with Delphi gives Magnacharge new opportunities going forward," said Greg Granholm, vice president of sales and marketing, Magnacharge. "In particular, Magnacharge will act as a feeder for Delphi, making us responsible for the fulfillment of orders to some of Delphi's most significant customers in Canada. This is a responsibility that we gladly welcome."
This agreement supports Delphi Product & Service Solutions' strategy to increase its distribution capabilities in North America. "The battery business is a critical segment for our aftermarket strategy," said Norm Young, director of North American sales, Delphi Product & Service Solutions. "Our relationship with Magnacharge is key to our success in Canada."
The long life of Delphi Freedom(R) batteries is attributed to their factory-sealed, maintenance-free construction. Delphi Freedom batteries are available in a complete range of group sizes and fit more than 97 percent of the vehicles on the road today. In addition to flooded lead acid Delphi Freedom(R) batteries for automotive, heavy-duty, marine, motorcycle and lawn and garden applications, Delphi recently announced the addition of a Delphi Freedom(R) AGM (automotive absorbent glass mat) battery.
About Delphi Product & Service Solutions
In the past year, Delphi Product & Service Solutions launched seven new catalogs covering 3,500 SKUs. Delphi currently offers full-line coverage in domestic and import applications with a wide variety of replacement parts such as fuel injectors, sensors, electric fuel pumps, modular reservoir assemblies, oxygen sensors, heat exchangers and compressors. Delphi is focusing on vehicle repair with a systems solution approach by supporting its replacement parts strategy with comprehensive product support and services to help technicians meet the increasingly complex service issues surrounding automotive repair. Along with the DS800 wireless, handheld diagnostic system, Delphi offers advanced technical hotline support, marketed as TECHSOURCE and web-based information management available at www.go.delphi.com. For more information about Delphi, visit www.delphi.com/media.
About Battery & Wireless Solutions Inc.
Battery & Wireless Solutions Inc. is a Canadian public company engaged in the assembly, wholesale distribution and retail sale of batteries and battery maintenance products and accessories. The Company has developed into the largest, national, independent battery distributor in Canada, through its subsidiaries, Magnacharge Battery Corporation, Battery World Canada Corp. and Elm Industries Inc. Its corporate head office is in Delta, British Columbia, Canada and it operates the three subsidiaries that give it complete vertical integration in the battery industry.
For more information, please visit the Company's website at www.bwsinc.com.
Forward-Looking Information
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These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
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