EaglePicher Technologies, LLC
Power Division
Contact:
Louis Lupo (417) 623-8000 ext. 407
Bill Harsch (417) 623-8000 ext. 210
EAGLEPICHER INKS AGREEMENT WITH GS BATTERY (U.S.A.) FOR LITHIUM-ION CELLS
JOPLIN, Missouri, June 16, 2003 – EaglePicher Technologies, LLC, a leader in power storage systems for space, defense and commercial applications, has signed a supply agreement with GS Battery (U.S.A.) Inc., a wholly owned U.S. subsidiary of Japan Storage Battery Company (JSB). GS will supply their advanced large (50-190 AH) Lithium-Ion cells and EaglePicher will use its proven packaging expertise to produce state-of-the-art custom batteries focusing on military and special purpose applications. GS and EaglePicher both have qualified Li-Ion and associated electronics capabilities, which offer a total energy solution when combined.
Louis “Lou” Lupo, vice president /general manager of EaglePicher’s Power Division said, “This supply agreement affords EaglePicher the opportunity to complement its Nickel-Hydrogen and Silver Zinc technology with GS advances in Li-Ion to provide complete power solutions for our markets. We continue our heritage of the application of innovation to deliver advanced technology to our customers.”
Toshio “Sean” Ohara, CEO of GS Battery added, “EaglePicher is a perfect fit to customize and commercialize our advanced Li-Ion technology. Their successes with new technologies, particularly in military and special purpose applications, should provide both of us with new growth opportunities.”
The agreement was effective April, 2003.
EaglePicher Technologies, LLC, a wholly owned subsidiary of EaglePicher Incorporated, has facilities in Colorado, Missouri, Oklahoma, Kansas and Canada. The operating unit develops and markets advanced high-reliability power systems and associated electronics for government, space and commercial applications. It also processes Boron isotopes, anticancer pharmaceutical ingredients, germanium and ultra clean scientific containers. Areas of focus include semiconductors, telecommunications, nuclear power plants, space, defense, environmental, and pharmaceutical/biotech. Additional information is available on the internet at www.eaglepicher.com.
EaglePicher Incorporated, headquartered in Phoenix, Arizona, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, environmental, automotive, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 4,000 employees and operates more than 30 plants in the United States, Canada, Mexico, the U.K. and Germany. Additional information on the company is available on the Internet at www.eaglepicher.com.
This release contains statements which, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These include any statements about future business operations, financial performance or market conditions. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in EaglePicher Holding’s filings with the U.S Securities and Exchange Commission.
