Milton, Georgia – (September 7, 2010) – Exide Technologies, (NASDAQ: XIDE, www.exide.com) a global leader in stored electrical-energy solutions, recently was recognized by long-time customer Energy Battery Group, Inc. (EBG) for exceeding the company’s expectations in a number of key performance areas. At the EBG annual meeting on June 26, 2010 in Palm Desert, California, Rick Hallock, EBG President and CEO, presented Exide with two prestigious supplier accolades – the 2009/2010 Vendor of the Year Award and the President’s Award.
Incorporated in 1996 and headquartered in Atlanta, Georgia, the EBG organization currently has more than 200 distribution centers located throughout the United States, Canada, Columbia, and the Caribbean. EBG distributes a full array of automotive, commercial, marine, industrial, standby, motorcycle, and motive power batteries. Exide has been a supplier to EBG since 2002, providing a range of battery products and services for a variety of transportation segments including automotive, commercial, marine, and lawn & garden.
To secure the 2009 Vendor of the Year Award, Exide exceeded expectations of EBG in the areas of customer service, field sales support, and year-over-year unit product volume increases. The Exide Recycling organization for the Americas also received the President’s Award – an EBG accolade that recognizes a supplier’s efforts in continuous program innovations and the ability to pull these programs forward.
As evidenced by the Vendor of the Year award, Exide’s alliance with EBG has strengthened significantly during the past few years. For example, the Company has enjoyed a double digit increase in product supply to EBG for the year with an eye on further volume increases during the coming months. This boost is supported by Exide’s creation of new growth programs designed to increase volume penetration among EBG’s key customers with specific concentration in the jobber, installer and fleet sectors.
Exide’s partnership with EBG also has expanded in the area of recycling. “Exide Technologies invests in battery recycling because it's good for business and for the environment. During our fiscal year 2010, Exide recycled sufficient lead tonnage to make the Company one of the largest secondary lead recyclers in the world,” said Bruce Cole, President - Transportation Americas for Exide Technologies. “The success of our Company’s recycling initiative is measurably strengthened by customers like EBG. Without question, our relationship with this important customer is a powerful relationship, including the beneficial use and responsible handling of lead and products made from it.” During the first six months of 2010, for example, EBG returned a 30 percent larger spent battery volume to Exide for recycling than it did during the same period for 2009.
“For the past eight years, Exide has built an innovative partnership with the EBG – one that optimizes both growth in the development and supply of products and in increasing levels of spent lead-acid battery recovery. These benefits are shared by all members of EBG on a broad range of levels and within their individual businesses with the goal of making both companies more successful,” concluded Cole.
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