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Milton, GA – As part of funding for new advanced battery and electric drive projects under the American Recovery and Reinvestment Act of 2009, Exide Technologies was awarded $34.3 million for its proposal for the domestic manufacture of lead-acid batteries incorporating advanced carbon technology.

Exide’s project involves two of its global technologies: a spiral wound absorbed glass mat (AGM) design and a flat plate AGM design. Exide also recently entered into a memorandum of understanding with Axion Power International, Inc., a developer of advanced batteries and energy storage products that incorporate patented lead carbon battery PbC Technology.

The project will address the increased demand for micro-hybrid vehicles, idle reduction commercial vehicles and other strategic market segments. Exide’s project also is designed to offer favorable energy and environmental impacts. During the next three years, the company believes that the investment will enable production capacity of approximately 1.5 million batteries and create as many as 320 manufacturing jobs, approximately 120 positions, at its transportation manufacturing operation in Bristol, TN, and 200 positions at its industrial energy manufacturing facility in Columbus, GA.

Exide is the third MHEDA Member to be awarded such a grant, joining East Penn Manufacturing Co. and eTec.

Read the full story at exide.com.

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