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Modular
Energy Devices Publications:
- A
Cost Comparison of Fuel-Cell and Battery
Electric Vehicles Journal of Power Sources,
130, 208 (2004)
- Low
cost, Rapidly configurable Lithium-ion
Battery Modules Constructed from Small
Cells, in Proceedings of the 41st Power
Sources Conference, Philadelphia, June
2004
-
Low cost Lithium-ion Batteries for Cable
TV/Telecom Power Backup, in Proceedings
of the Intelec Meeting, Chicago, September
2004.
Articles
of Interest:
- MSOs
Grapple with their Battery Back-up and
Bottom Line Needs
News:
EnerSys
Participating in Plug-in Hybrid Electric
Vehicle Trial in Quebec City
READING,
Pa., April 21, 2008 /PRNewswire-FirstCall
via COMTEX News Network/ -- EnerSys (NYSE:
ENS), the world's largest industrial battery
company, through its Modular Energy Devices
(ModEnergy) subsidiary, has teamed with
Quebec's Laval University and Canada's largest
cooperative financial group, Desjardins,
to conduct a trial program in Quebec City
to study community acceptance and operating
success of Plug-in Hybrid Electric Vehicles
(PHEVs). Starting in the Spring of 2008,
the multidisciplinary team will spearhead
a technical, financial and market based
effort to bring the environmental and economic
advantages of PHEVs to mainstream markets.
If the pilot study is a success, the project
will integrate between 10 and 50 PHEVs into
Quebec City streets, giving the partners
strategic, real-world knowledge about the
viability and potential of the market. The
PHEVs will be owned and operated by individuals
in the community during the expected four
year test period. ModEnergy will supply
lithium ion (Li-Ion) battery packs and controls
to Laval University and work with them to
optimize performance and durability for
evaluation by members of the team and the
Quebec City community. Desjardins and Laval
University's business school are working
together to design innovative financial
contracts, which, for example, could encourage
the commercialization of this type of environment-friendly
technology and its accessibility to consumers.
John
Craig, chairman, president and CEO of EnerSys,
said "We believe that we have a unique
and cost effective approach to meet the
PHEV's energy storage requirements. We are
excited about participating in this program
and are optimistic that it will demonstrate
the viability of PHEVs. Based upon the results
of the program, EnerSys will be prepared
to marshal its global capabilities to strive
for further advances to allow for the practical
implementation of PHEVs to realize their
economic and environmental benefits."
"This
program will provide a real world field
test for the ModEnergy's Redundant Cell
Array Technology (RedCAT) while integrating
PHEVs in the community," said Steve
Eaves, VP of Technology and founder of ModEnergy.
"RedCAT offers unique cost, reliability
and safety advantages to help bring the
promise of Li-Ion batteries and PHEVs to
our transportation needs and thus take a
step towards meeting clean air goals."
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. These forward-looking
statements may include, but are not limited
to, (i) statements regarding EnerSys' plans,
objectives, expectations and intentions
and other statements contained in this press
release that are not historical facts, including
statements identified by words such as "expects,"
"anticipates," "intends,"
"plans," "believes,"
"seeks," "estimates,"
"will" or words of similar meaning;
and (ii) statements about the benefits of
the program including any impact on our
financial and operating results and estimates,
and any impact on EnerSys' market position
that may be realized from this program.
These forward-looking statements are based
upon management's current beliefs or expectations
and are inherently subject to significant
business, economic, and competitive uncertainties
and contingencies, many of which are beyond
our control. The foregoing factors, among
others, could cause actual results to differ
materially from those described in the forward-looking
statements. EnerSys may not realize benefits
from this program. EnerSys does not undertake
any obligation to update any forward-looking
statement to reflect circumstances or events
that occur after the date such forward-looking
statement is made. For a list of other factors,
which could affect EnerSys' results, see
EnerSys' filings with the Securities and
Exchange Commission, including "Item
1A. Risk Factors," set forth in our
EnerSys' Annual Report on Form 10-K for
the fiscal year ended March 31, 2007.
For
more information, contact Richard Zuidema,
executive vice president, EnerSys, P.O.
Box 14145, Reading, PA 19612-4145, USA.
Tel: 800-538-3627; Website: http://www.enersys.com.
About
EnerSys
EnerSys,
the world leader in stored energy solutions
for industrial applications, manufactures
and distributes reserve power and motive
power batteries, chargers, power equipment,
and battery accessories to customers worldwide.
Motive power batteries 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 suppliers,
and numerous applications requiring standby
power. 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 http://www.enersys.com.
SOURCE
EnerSys
"Safe Harbor" Statement under
the Private Securities Litigation Reform
Act of 1995: Statements in this press release
regarding EnerSys's business which are not
historical facts are "forward-looking
statements" that involve risks and
uncertainties. For a discussion of such
risks and uncertainties, which could cause
actual results to differ from those contained
in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report
or Form 10-K for the most recently ended
fiscal year.
EnerSys
Invests in Lithium-Ion Battery Business
Reading,
PA, February 22, 2006 /PRNewswire-FirstCall/
-- EnerSys (NYSE: ENS), the world's largest
manufacturer, marketer and distributor of
industrial batteries, announced today that
it has purchased a controlling interest
in Modular Energy Devices, Inc. (ModEnergy),
a development stage company. ModEnergy produces
large format lithium-ion rechargeable batteries
utilized in aerospace
and defense applications as well as
specialized standby power and commercial
applications.
ModEnergy, based in Westerly, Rhode Island,
has developed a proprietary method for assembling
lithium-ion cells into battery systems that
are designed to be safer and more cost effective
than competitive products currently available.
John D. Craig, chairman, president and CEO
of EnerSys, said "The ModEnergy investment
gives us a foothold in the emerging lithium-ion
segment of the industrial battery market
and supplements our already broad line of
battery offerings. This investment is targeted
towards our aerospace and defense battery
business and will complement our lead-acid
and nickel based specialty product lines
in the standby and specialty battery markets."
Sanjay Deshpande, EnerSys vice president
for
Aerospace and Defense, who will serve
as general manager of ModEnergy, added,
"EnerSys first contracted ModEnergy
to develop a specific product for a military
application, which has been tested successfully
by a government agency, and we then proceeded
to make the investment in ModEnergy. We
are confident that ModEnergy will be an
excellent springboard for the continued
growth of our business in the targeted markets
for these products."
Stephen Spencer Eaves, founder and vice
president of Technology for ModEnergy, remarked,
“We are excited about having EnerSys
as our strategic partner, with its global
reach and operations. We have had one of
our products under field test in a telecommunications
application, which has shown favorable results
to date. With this investment by EnerSys,
we will move forward with the accelerated
commercialization of our technology and
products in many markets 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. These forward-looking
statements may include, but are not limited
to, (i) statements regarding EnerSys' plans,
objectives, expectations and intentions
and other statements contained in this press
release that are not historical facts, including
statements identified by words such as "expects,"
"anticipates," "intends,"
'plans," "believes," 'seeks,"
'estimates," "will" or words
of similar meaning; and (ii) statements
about the benefits of the investment in
ModEnergy’s lithium-ion battery technology,
including any impact on financial and operating
results and estimates, and any impact on
EnerSys' market position that may be realized
from the investment.
These forward-looking statements are based
upon management's current beliefs or expectations
and are inherently subject to significant
business, economic, and competitive uncertainties
and contingencies many of which are beyond
our control. The following factors, among
others, could cause actual results to differ
materially from those described in the forward-looking
statements: (1) our ability to successfully
commercialize ModEnergy’s lithium-ion
battery technology; (2) the possibility
that EnerSys may not realize revenue benefits
from the proposed investment within expected
time frames; (3) operating costs and business
disruption following the proposed investment,
including possible adverse effects on relationships
with employees, may be greater than expected;
and (4) competition may adversely affect
ModEnergy's business and result in customer
loss. EnerSys does not undertake any obligation
to update any forward-looking statement
to reflect circumstances or events that
occur after the date such forward-looking
statement is made.
For more information, contact Richard Zuidema,
executive vice president, EnerSys, P.O.
Box 14145, Reading, PA 19612-4145, USA.
Tel: 800-538-3627; Website: http://www.enersys.com.
About EnerSys: EnerSys,
the world leader in stored energy solutions
for industrial applications, manufactures
and distributes reserve power and motive
power batteries, chargers, power equipment,
and battery accessories to customers worldwide.
Motive power batteries 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 suppliers,
and numerous applications requiring standby
power. 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 http://www.enersys.com.
Modular
Energy Devices’ Lithium-Ion Battery
Enables Electric Scooter to Set New Range
Record at the 2003 NESEA Tour De Sol Competition
A Lithium-ion battery pack developed by
Modular Energy Devices enabled an electric
scooter to set a new range record at the
Northeast Sustainable Energy Association
(NESEA) Tour De Sol Competition, May 12-14,
2003. Started in 1989, the Tour de Sol has
grown to be the largest sustainable transportation
event in the world.
Using
advanced Lithium-ion battery modules developed
by Modular Energy Devices and an Electric
Scooter manufactured by eGO Vehicles; the
Modular Energy Devices/eGO team achieved
a range of 55 miles on a single charge,
which was the longest range in competition
history for a two-wheel electric vehicle.
The prior record was 20 miles. In another
historical achievement, the team was the
first to successfully implement a fully
functional Lithium-ion battery to propel
an electric vehicle in the history of the
Tour De Sol.
The
Modular Energy Devices battery holds over
four times the energy of a lead-acid battery
and can be charged and discharged at least
twice as many times. Modular Energy Devices
has developed a unique battery architecture
that dramatically reduces the cost and improves
the safety of large Lithium-ion batteries.
Both
companies have received start-up funding
from the Rhode Island Slater Center for
Manufacturing Technology. eGO Vehicles is
located in Providence, RI (www.egovehicles.com)
and Modular Energy Devices is located in
Westerly (www.modenergy.com), Rhode Island.
Modular
Energy Devices, Inc. is engaged in the development,
manufacture, sales and licensing of advanced
batteries and battery management devices.
The company’s main product is large
Lithium-ion batteries targeted at telecommunication
backup power, uninterruptible power supplies
for computers, portable power systems, and
advanced commercial and military vehicles.
For
further information on Modular Energy Devices
batteries contact:
E-mail:
info@modenergy.com
Phone: 401-921-5370
www.ModEnergy.com
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