Exide Technologies to Supply Goodyear Service Centers Through Parts Plus
PRINCETON, N.J., Feb. 19 -- Exide Technologies (OTC Bulletin Board: EXDTQ)(http://www.exide.com ), through an alliance with its customer, Parts Plus, will begin supplying batteries to Goodyear Service Centers. Exide is a global leader in stored electrical- energy solutions. Parts Plus is one of the largest automotive aftermarket program groups in the industry. The company signed a three-year agreement to be the primary battery supplier for the 605 Goodyear company-owned auto service centers throughout the United States. Parts Plus and Goodyear enjoy a 20-plus year parts supply relationship, which is one of the longest in the automotive aftermarket. Goodyear Service Centers offer tires, batteries and automotive repairs backed by nationwide warranties. Exide, which has been a supplier to Parts Plus for 13 years, will provide the private-label AutoSaver and the branded Exide NASCAR Select(R) and Exide Select Orbital(R) products for the program. The maintenance-free Exide NASCAR Select(R) is engineered to deliver maximum performance under the toughest highway or off-road conditions. The Exide Select Orbital(R) features revolutionary cylindrically wound technology that produces a virtually indestructible starting battery that retains its capacity, is maintenance free, and leakproof. "This collaborative effort is significant in that it will allow all three partners to increase the speed of new product and service introductions that will benefit our customers as well as their customers," said Craig H. Muhlhauser, Chairman and CEO of Exide Technologies. About Exide Technologies: Exide Technologies, with operations in 89 countries and fiscal 2002 net sales of approximately $2.4 billion, is one of the world's largest producers and recyclers of lead-acid batteries. The company's three global business groups -- transportation, motive power and network power -- 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 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, fuel-cell load leveling, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles. Further information about Exide, its financial results and other information is available at http://www.exide.com . Certain statements in this press release may constitute forward-looking statements as defined by the Securities Litigation Reform Act of 1995. As such, they involve known and unknown risks, uncertainties and other factors that may cause the actual results of the company to be materially different from any results expressed or implied by such forward-looking statements. These are enumerated in further detail in the company's Form 10-K. MEDIA CONTACT: Jeannine Addams or Kristin Wohlleben Tarkenton & Addams, Inc. 404/231-1132 INVESTOR CONTACT: Mauyra James Gavin Anderson & Company 212/515-1962