MILTON, Ga., March 22, 2011 (GLOBE NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE) ( www.exide.com ), a global leader in stored electrical energy solutions, was honoured with the Supplier of the Year Award from Saab Automobile during a ceremony held on Feb. 23, 2011 at the Saab factory in Trollhattan, Sweden. Exide supplies SLI (starting, lighting, ignition) batteries for Saab's original equipment manufacturing and services channels.
Exide was recognized "for its contribution and unprecedented performance during the first year of the rebirth of Saab," said Jan Ake Jonsson, CEO of Saab. "Thanks to the cooperation and the big loyalty, these suppliers have shown they were prepared to walk an extra mile," said Kjell-Ake Eriksson, Saab Executive Director, Purchasing.
"I am very proud to receive this honourable award on behalf of Exide," said Magnus Ohlsson, Business Director, Transportation, for Exide Nordic. "We have worked together with Saab for more than 40 years and this is an acknowledgement that we have achieved our goals to be a loyal, safe and competitive supplier providing Saab with the best possible solutions."About Exide Technologies Exide Technologies, with operations in more than 80 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups -- Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications. Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.