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EnerSys Makes Acquisition |
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Thursday, 23 February 2006 |
EnerSys Makes Acquisition
 CHICAGO, IL, (NAMC) – The worlds largest manufacturer of industrial batteries, EnerSys (NYSE: ENS) has acquired a controlling interest in the Westerly, Rhode Island based Modular Energy Devices or ModEnergy.. ModEnergyis a developmental company that produces large format lithium-ion rechargeable batteries utilized in aerospace and defense applications as well as specialized standby power and commercial applications. The Reading, Pennsylvania based EnerSys hopes to capitalize on ModEnergy’s development of their 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 For more information go to www.enersysinc.comEnerSys closed at $14.08 on Wednesday. Peter Farrell Business News Correspondent NAMC Newswire www.namcnewswire.comThis article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire. NAMC Newswire articles can now be listened to on StreetIQ.com http://www.streetiq.com/dir/NAMC.shtml# To keep up to date with companies that we report on just register to receive the FREE Wall Street to Main Street Daily Newsletter. We feature companies that trade on the NYSE, AMEX, NASDAQ, OTCBB and Overseas, Keeping our readers informed daily. Just go to our site and register, it’s simple and free, www.namcnewswire.com/newsletter . Also be sure to visit the NAMC radio at www.namcnewswire.com/namcradio for the latest reports, interviews and corporate updates featured on the NAMC Newswire. |
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