READING, Pa., April 14, 2016 /PRNewswire/ -- EnerSys (NYSE:
ENS), the global leader in stored energy solutions for industrial
applications, today announced that it has completed the acquisition
of certain assets of The Enser Corporation (ENSER),
headquartered in Pinellas Park,
Florida.
ENSER is a leading manufacturer of molten salt "thermal"
batteries used in powering a multitude of electronics, guidance,
and other electrical loads on many of today's advanced weapon
systems. ENSER's proprietary lithium silicon cobalt
disulfide chemistry provides superior performance and
increased power density required for next-generation strategic
defense weapons and precision guided weapon systems.
The acquisition of ENSER provides EnerSys with additional
technologies, expanded relationships with major aerospace and
defense customers, and opportunities for additional synergies
within our lithium businesses.
"This acquisition is a natural extension of our capabilities in
the aerospace and defense markets," stated
Michael J. Schmidtlein, Executive
Vice President and Chief Financial Officer of EnerSys.
"ENSER's products are powering many of today's most advanced weapon
systems and we look forward to expanding our products and services
in this crucial and strategic market."
Jeffrey W. Long, President –
Americas of EnerSys, said, "We greatly value the U.S. Government's
Title III investments into ENSER's products, facilities and
technology and we are excited to incorporate these advanced
properties into the EnerSys portfolio."
With the acquisition, EnerSys will have expanded capabilities in
the design and development, automated manufacturing, and testing of
thermal batteries for the U.S. Department of Defense and allied
militaries.
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 shelter 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.
ABOUT THE ENSER CORPORATION
Founded in 1997, The ENSER Corporation, located in Pinellas Park, FL, designs and manufactures
high-performance thermal batteries for the defense and aerospace
industries. ENSER's thermal batteries, which provide
on-demand electrical power for avionics, sensors and guidance and
control actuation systems, are a mission-critical element employed
in a wide array of next-generation precision-guided tactical
weapons and strategic defense systems. ENSER's engineering
and test services, and extensive thermal battery product line,
support a broad customer base that includes: Raytheon Missile
Systems, Lockheed Martin Missiles & Fire Control, Boeing,
United Technologies, Aerojet Rocketdyne, Moog and various
governmental agencies. ENSER's Quality Management System is
certified to AS9100C and ISO 9001 standards.
ENSER's proprietary lithium-silicon / cobalt disulfide
electrochemistry, which enables a significant increase in specific
energy over conventional technology, was identified as critical to
national defense in 2004, thereby enabling ENSER's multi-year
participation in the highly selective Defense Production Act Title
III program which contributed to the commercialization of this
technology. ENSER has participated in DoD-sponsored
Mentor-Protégé programs with Northrop Grumman and Raytheon,
culminating in three Nunn-Perry Awards for outstanding
performance. More recently, ENSER was awarded Raytheon
Missile Systems' Small Business Innovation Research (SBIR) Award in
2008 and Boeing Performance Excellence Awards in 2012 and 2013.
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
acquisition, including any impact on our financial and operating
results and estimates, and any impact on EnerSys' market position
that may be realized from the acquisition.
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 integrate the acquired
business; (2) the possibility that EnerSys may not realize revenue
benefits from the acquired businesses within expected time frames;
(3) operating costs and business disruption following the
acquisition, including possible adverse effects on relationships
with employees, may be greater than expected; and (4) competition
may adversely affect the acquired businesses and result in customer
loss. 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 any forward-looking statement to
reflect circumstances or events that occur after the date such
forward-looking statement is made.
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, including "Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations,"
including "Forward-Looking Statements," set forth in the Company's
Annual Report on Form 10-K for the period ended March 31, 2015. No undue reliance should be
placed on any forward-looking statements.
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SOURCE EnerSys