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Tadiran Batteries and Hexagram Sign $18 Million Long-Term Lithium Battery Contract

November 28, 2006 by Jeff Shepard

Tadiran Batteries Ltd. has been awarded a five year, $18 million contract for the supply of lithium batteries from Hexagram, Inc., a U.S.-based manufacturer of Automatic Meter Reading (AMR) systems for water, gas and electric utilities.

Marty Zucker, Executive Vice President of Operations of Hexagram, said, "Our relationship has been based on a 23-year commitment between both companies. With this agreement, we are happy to continue our relationship which benefits our two companies."

Igal Carmi, CEO of Tadiran Batteries, said, "Our original batteries are still working strong in Hexagram units after 22 years of service in harsh conditions. This proven partnership with Hexagram has helped Tadiran position itself as the leader in lithium battery technology."

Carmi estimates that the original cells can still work for another 3 to 5 years and that being the only lithium battery manufacturer with a proven operating life of over 20 years will mean many years of solid business in an industry that grows 15-20% per year.