PRINCETON, N.J., March 7, 2001 (PRNewswire) à‚– Exide Technologies (NYSE: EX) recently received an award for meeting stringent efficiency standards from Italian automaker Fiat Auto SpA.
Exide Technologies, the global leader in providing electrical energy storage solutions, received the award as part of Fiat’s “Super” program, which tracks and measures supplier performance in a number of key areas.
“Being chosen by Fiat as a top supplier is a tremendous honor,” said Craig H. Muhlhauser, President and Chief Operating Officer of Exide Technologies. “In Europe and, around the world, Fiat is a company known for quality and efficiency. We are truly pleased to be a part of Fiat’s success.”
In addition to efficiency, other factors included in Fiat’s evaluation of its suppliers are: stock reduction, logistics and handling optimization, the use of new or alternative materials, and the elimination of duplicative activities and processes.
Exide Technologies has annualized revenues of $3 billion and has operations in 89 countries and 21,000 employees. The company serves the industrial and transportation markets.
Industrial applications include network-power batteries for telecommunications systems, fuel cell loading leveling, electric utilities, railroads, photovoltaic (solar-power storage) and other uninterruptible power supply (UPS) markets; and motive-power batteries for a broad range of equipment uses, including lift trucks, mining and commercial vehicles.
Transportation uses include automotive, heavy-duty truck, agricultural, marine and other batteries, as well as new technologies being developed for hybrid vehicles and new 42-volt automotive applications. The company serves the industrial market as well as the transportation aftermarket and original equipment markets.
Further information about Exide Technologies, its financial results and other information, can be found at www.exideworld.com.