ALPHARETTA, GA — Exide Technologies said today it has received a favorable ruling in its lawsuit with EnerSys, a manufacturer of industrial batteries.
On April 3, the United States Bankruptcy Court for the District of Delaware approved Exide’s request to terminate specific agreements with EnerSys, including a trademark license which gave EnerSys the rights to use the Exide trademark for motive and network power batteries in certain countries, including the United States. Under this ruling, which EnerSys has the right to appeal, Exide will reclaim the right to fully utilize its Exide brand across all product lines – throughout most of the world – after the expiration of a court-ordered transition period.
“This week’s court ruling is an important milestone for Exide,” said Gordon Ulsh, president and chief executive officer of Exide Technologies. “The reclamation of the powerful Exide brand will allow us to bring together our global product lines, greatly supporting our business unification strategy going forward.”
For more information about Exide, go to: www.exide.com .
_______________________________________
Click here to view the rest of today’s headlines.