EnerSys Announces New Global Technology Center
April 23 2018 - 4:15PM
EnerSys (NYSE:ENS), the global leader in stored energy solutions
for industrial applications, today announced the opening of the
EnerSys Global Technology Center in Reading, PA, which will serve
as the new hub for the Company’s core engineering and technology
team. The EnerSys Global Technology Center will be located at the
current Arrow International, Inc. (a subsidiary of Teleflex
Incorporated) facility in Bern Township, PA, which is adjacent to
the EnerSys global headquarters.
EnerSys has entered into a binding purchase
agreement with Arrow to purchase the facility and land, subject to
customary closing conditions. Closing is expected to occur on or
before December 31, 2019. EnerSys is currently leasing space in the
facility and plans to transition its engineering and technology
personnel to the facility in stages over the next few years,
concurrent with Arrow relocating its employees to other locations.
Upon the closing of the transaction, the EnerSys Global Technology
Center will be able to accommodate approximately 250 employees and
has over 100,000 square feet of laboratory space.
The establishment of the Global Technology
Center consolidates into one location existing engineers who have
been developing EnerSys’ new modular lithium product systems,
including advanced lithium battery packs, electronics, software and
chargers for motive and reserve power applications. EnerSys is also
selectively hiring additional engineers, and other technical
professionals with deep expertise in the specific battery
chemistries and end-market industries being targeted for their
exciting future growth prospects.
“As EnerSys continues to develop and invest in
new and advanced energy storage technologies, it is imperative that
we have a centralized space for our core technology employees that
fosters creativity and problem solving, and is designed to promote
collaboration, communication, efficiency and learning,” said Joern
Tinnemeyer, Chief Technology Officer of EnerSys. “Our Global
Technology Center will also become a prominent destination for
current and future customers to visit as we work together in a
collaborative effort to achieve additional technological
breakthroughs and constantly improve upon the performance
characteristics of next-generation stored energy solutions.”
“This is a very exciting time for EnerSys. The
Global Technology Center will be key to our future by helping us
centralize our core technology and engineering functions, creating
greater collaboration among our team and ensuring we stay on the
cutting edge of technology over the long term,” stated David
Shaffer, President and Chief Executive Officer of EnerSys.
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, including statements
regarding EnerSys’ expectations and intentions. 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 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.
For more information, contact Thomas O’Neill, Vice President
& Treasurer, EnerSys, P.O. Box 14145, Reading, PA 19612-4145,
USA. Tel: 610-236-4040 or by emailing
investorrelations@enersys.com; Web site: www.enersys.com.
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