EnerSys Awarded $13 Million in Submarine Battery Contracts
READING, Pa., July 15 /PRNewswire-FirstCall/ -- EnerSys (NYSE: ENS), the world's largest manufacturer, marketer and distributor of industrial batteries, announced that it has been awarded contracts for submarine batteries worth over $13 million in recent weeks. The batteries are scheduled for delivery over the next several years.

The orders were received from HDW, the German shipbuilder, and are for the supply of submarine batteries for propulsion power on diesel electric vessels with several navies worldwide. The contracts include the supply of the batteries as well as the ongoing maintenance and technical support for the customers. The batteries will be manufactured in EnerSys' new special purpose submarine battery facility in Europe.

"EnerSys and its predecessor companies have been supplying submarine batteries for more than 100 years," said John Craig, chairman, president & chief executive officer of EnerSys. "Our submarine batteries are respected for their quality and service and are employed by navies around the world in both diesel electric and nuclear submarines. These latest contracts confirm our strong global position in supplying batteries for the defense sector."

"These latest contracts have been won against strong international competition and reflect our commitment to continue growth in this important sector with value-added, effective energy storage solutions for our land, sea and airborne defense applications," said Ray Kubis, president, EnerSys Europe.