C&D Technologies Introduces New "TRUE FRONT ACCESS" Battery System
C&D Technologies, Inc. announced the release of the new C&D TRUE FRONT ACCESS™ advanced Valve Regulated Lead Acid (VRLA) batteries for telecommunication applications.
"The introduction of C&D’s newest product family, the C&D TRUE FRONT ACCESS battery system, further strengthens C&D’s #1 North American market share position in stationary energy storage solutions," said Dr. Jeffrey Graves, President and CEO of C&D Technologies. "We are proud to offer these new products which will address the rapidly increasing needs of our full video, voice and data digital-services customers, setting a new benchmark in battery performance and life, while retaining the existing system foot print for maximum customer convenience. With the demonstrated market need from our current customers, we would estimate that this new product family should provide $50 million in an incremental cumulative revenue opportunity over the next three years, exceeding approximately $30 million in annualized sales by 2011, as it penetrates the market in North America. In addition, we will use this design as a platform to more aggressively penetrate the rapidly developing markets outside of North America as we now set our sights on expanding from our #1 position in North America to become the global leader in energy storage solutions."
Dr. Graves concluded, "Coupled with our announcement last quarter of the new and groundbreaking msEndur® II battery product family, targeted at wireless telecommunications and data center applications, our expectations for growth in our company continue to rise. We would now expect that the combination of these two major new product families announced this year should provide a cumulative growth opportunity of over $90 million over the next three years. On an annualized basis, this would translate to an estimated incremental annualized revenue opportunity of $50 million by 2011. We expect further exciting new product announcements later this year as our advanced designs continue to move from concept demonstration into production."
