EnerSys Announces $60M in New Global Space Business
14 June 2017 - 6:15AM
EnerSys (NYSE:ENS), the global leader in stored energy solutions
for industrial applications, has recently been selected to supply
lithium-ion cells and batteries valued at over $60 million to
multiple space agencies and Original Equipment Manufacturers (OEMs)
worldwide.
Lithium-ion raw materials and 72Ah large format lithium-ion
cells will be manufactured by EnerSys subsidiary, Quallion LLC, at
its production facilities located in Sylmar and Santa Clarita,
California. With the qualification of these large format
lithium-ion cells, EnerSys will be the only domestic manufacturer
with full production of lithium-ion materials, cells and batteries
for space applications. The batteries will be designed,
manufactured and tested by EnerSys subsidiary, ABSL Space Products,
at its manufacturing facilities located in Longmont, Colorado (for
US-based space programs) and Oxfordshire, United Kingdom (for
European programs). The first batteries are scheduled to be
shipped later this year and will be used in multiple types of
satellites and launch vehicles.
In addition to being the leading global supplier of Thin Plate
Pure Lead (TPPL) technology for high-reliability energy storage
solutions in commercial, industrial and defense applications,
EnerSys also supplies proprietary long-life lithium-ion cells,
which are relied upon for critical applications. In October
2001, EnerSys-ABSL’s battery became the first lithium-ion battery
to power a satellite when launched aboard the Proba-1
spacecraft. The spacecraft was built by QinetiQ Space for the
European Space Agency and almost sixteen years later, Proba-1 has
become the longest lithium-ion powered mission. Additionally,
EnerSys has several batteries designed for manned flight space
applications and is proud to manufacture the battery that powers
NASA manned spacewalks.
Jeffrey Long, President – Americas, EnerSys, stated: “These new
awards totaling more than $60 million demonstrate development and
product acceptance beyond our lead acid business, and will leverage
our recent lithium technology expansions.” Mark Mathews, Vice
President of EnerSys Advanced Systems, added: “These lithium-ion
space contracts illustrate the continued strength of our market
position within the aerospace and defense sector worldwide.”
For more information contact Thomas O’Neill,
Vice President and Treasurer, EnerSys, P.O. Box 14145, Reading, PA
19612-4145, USA Tel: 610-236-4040; Web site:
www.enersys.com.
EDITOR'S NOTE: EnerSys, the global leader in stored energy
solutions for industrial applications, manufactures and distributes
reserve power and motive power batteries, battery chargers, power
equipment, battery accessories and outdoor equipment enclosure
solutions to customers worldwide. Motive power batteries and
chargers are utilized in electric forklift trucks and other
commercial electric powered vehicles. Reserve power batteries
are used in the telecommunication and utility industries,
uninterruptible power supplies, and numerous applications requiring
stored energy solutions including medical, aerospace and defense
systems. Outdoor equipment enclosure products are utilized in
the telecommunication, cable, utility, transportation
industries and by government and defense customers. The
company also provides aftermarket and customer support services to
its customers from over 100 countries through its sales and
manufacturing locations around the world.
More information regarding EnerSys can be found at
www.enersys.com.
Caution Concerning Forward-Looking Statements
This press release and oral statements made regarding the
subjects of this release, contains forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995, or the Reform Act, which may include, but are not limited
to, statements regarding EnerSys' earnings estimates,
plans, objectives, expectations, intentions and estimated value of
contracts with DLA and other statements contained in this press
release that are not historical facts, including statements
identified by words such as "believe," "plan," "seek," "expect,"
"intend," "estimate," "anticipate," "will," and similar
expressions. All statements addressing operating performance,
events, or developments that EnerSys expects or
anticipates will occur in the future, including statements relating
to sales growth, earnings or earnings per share growth, and market
share, as well as statements expressing optimism or pessimism about
future operating results, are forward-looking statements within the
meaning of the Reform Act. The forward-looking statements are
based on management's current views and assumptions regarding
future events and operating performance, and are inherently subject
to significant business, economic, and competitive uncertainties
and contingencies, satisfying conditions and obligations contained
in contracts and changes in circumstances, many of which are
beyond EnerSys' control. The statements in this
press release are made as of the date of this press release, even
if subsequently made available by EnerSys on its website
or otherwise. EnerSys does not undertake any
obligation to update or revise these statements to reflect events
or circumstances occurring after the date of this press
release.
Although EnerSys does not make forward-looking
statements unless it believes it has a reasonable basis for doing
so, EnerSys cannot guarantee their accuracy. The
foregoing factors, among others, could cause actual results to
differ materially from those described in these forward-looking
statements. For a list of other factors which could
affect EnerSys' results, including earnings estimates,
see EnerSys' filings with the Securities and
Exchange Commission, "Item 7. Management's Discussion and Analysis
of Financial Condition and Results of Operations," including
"Forward-Looking Statements," set forth
in EnerSys' Annual Report on Form 10-K for the fiscal
year ended March 31, 2017. No undue reliance should be placed
on any forward-looking statements.
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