EnerSys® Makes Significant Investment in Advanced Munitions Batteries Manufacturing Facilities
August 23 2018 - 4:15PM
EnerSys® (NYSE: ENS), the global leader in stored energy solutions
for industrial applications, announced its recent $6.4 million
investment to enhance facility and manufacturing capabilities at
two of its battery manufacturing locations in response to
continuing growth patterns in its aerospace and defense business
segment.
Already equipped with extensive computer modeling and analysis
capabilities, EnerSys locations in Horsham, Pennsylvania and Tampa,
Florida are both being expanded and upgraded via this recent
investment. Improvements include a number of technological and
facilities advancements, such as large-format automated production
line expansions, additional square footage to humidity-controlled
dry rooms, increased electrical testing equipment, as well as
expansions in other ancillary equipment including ovens, resistance
welders and tooling.
“We are experiencing strong demand for advanced batteries for
multiple advanced weapon platforms as well as order growth for
tactical vehicles, satellites and missile defense systems,” said
David M. Shaffer, President and Chief Executive Officer at EnerSys.
“In fact, we were recently selected by Raytheon to receive their
Supplier Excellence Program EPIC Award, supporting the evidence
that our quality products are being embraced by the defense
industry. The investments being made at our Horsham and Tampa
facilities are part of our plan to increase our aerospace and
defense business and strengthen our global leadership within this
market,” Shaffer concluded.
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.
For more information on EnerSys and its full line of products,
systems and support, visit www.enersys.com.
ABOUT ENERSYS® 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.
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 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, 2018. No undue
reliance should be placed on any forward-looking statements.
Enersys (NYSE:ENS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Enersys (NYSE:ENS)
Historical Stock Chart
From Sep 2023 to Sep 2024