EnerSys Announces Memo of Understanding with Lithium Technology

Tag : Rechargeable Lithium Batteries

"Lithium Technology Corporation with its unique lithium ion isrecognized as a leading technology company and the memo ofunderstanding that we signed with EnerSys emphasizes thispoint," commented Dr. Klaus Brandt, president and chieftechnology officer of Lithium Technology Corporation. "We arevery pleased to partner with EnerSys, a world leading batterycompany with a strong global market presence and reputation forproduct quality and service. We believe that the partnership, whichstarted approximately a year ago, will increase our exposure in thebattery market and increase our revenue growth."

Caution Concerning Forward-Looking Statements
This press release (and oral statements made regarding the subjectsof this release) contains forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995.These forward-looking statements may include, but are not limitedto, (i) statements regarding EnerSys' plans, objectives,expectations and intentions and other statements contained in thispress release that are not historical facts, including statementsidentified by words such as "expects,""anticipates," "intends," "plans,""believes," "seeks," "estimates,""will" or words of similar meaning; and (ii) statementsabout the benefits of the memorandum of understanding including anyimpact on our financial and operating results and estimates, andany impact on EnerSys' market position that may be realized fromthis relationship. These forward-looking statements are based uponmanagement's current beliefs or expectations and are inherentlysubject to significant business, economic, and competitiveuncertainties and contingencies, many of which are beyond ourcontrol. The foregoing factors, among others, could cause actualresults to differ materially from those described in theforward-looking statements. EnerSys may not realize benefits fromthis relationship. The statements in this press release are made asof the date of this press release, even if subsequently madeavailable by EnerSys on its website or otherwise. EnerSys does notundertake any obligation to update any forward-looking statement toreflect circumstances or events that occur after the date suchforward-looking statement is made. For a list of other factorswhich could affect EnerSys' results, see EnerSys' filings with theSecurities and Exchange Commission, including "Item 1A. RiskFactors," set forth in our EnerSys' Annual Report on Form 10-Kfor the fiscal year ended March 31, 2008. (C) Copyright 2008. AllRights Reserved.

About EnerSys
EnerSys, the world leader in stored energy solutions for industrialapplications, manufactures, distributes and services reserve powerand motive power batteries, chargers, power equipment, and batteryaccessories to customers worldwide. Reserve power batteries areused in the telecommunications and utility industries,uninterruptible power suppliers, and numerous applicationsrequiring standby power. Motive power batteries are utilized inelectric forklift trucks and other commercial electric poweredvehicles. The Company also provides aftermarket and customersupport services to its customers from over 100 countries throughits sales and manufacturing locations around the world.

For more information regarding EnerSys, please contact RichardZuidema, Executive Vice President, EnerSys, P.O. Box 14145,Reading, PA 19612-4145. Tel: 800-538-3627.

About Lithium Technology Corporation
Lithium Technology Corporation (LTC) is a global provider of largeformat rechargeable power solutions for diverse applications, andoffers the largest lithium-ion cells with the highest power of anystandard commercial lithium ion cell produced in the westernhemisphere. With more than 20 years of experience, LTC leveragesits extensive expertise in high power and large battery assembliesto commercialize advanced lithium batteries as a new power sourcein the military and national security systems, transportation andstationary power markets.

LTC manufactures the GAIA(R) product line of large, high powerhermetically sealed rechargeable lithium-ion cells and batteries.The Company's product portfolio includes large cells and batteriesfrom 10 times the capacity of a standard laptop computer battery to100,000 times greater. LTC manufactures a variety of standard cellsthat are assembled into custom large batteries complete withelectronics (battery management systems) and electronics tocommunicate with other components of the system for performancemonitoring.

LTC headquarters are located in Plymouth Meeting, PA and R&D inNordhausen, Germany. LTC sales for the U.S. and European marketsare managed out of each of the offices. For more information aboutLTC, its technology and products, please visit http://www.lithiumtech.com/ .

EnerSys

CONTACT: Richard Zuidema, Executive Vice President ofEnerSys,+1-800-538-3627

Web Site: http://www.enersys.com/http://www.lithiumtech.com/

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