Electric Fuel Receives Follow-On
US Army CECOM Order
Batteries will be Supplied for Army
Exercises this Year
March 30, 2000 The Defense and
Safety Products Division of Electric Fuel Corporation (NASDAQ: EFCX)
announced today that it has received a follow-on contract from the US
Army's Communications Electronics Command (CECOM) at Fort Monmouth for
provision of advanced primary zinc-air battery packs.
The $250,000 contract calls for the delivery
of 50 prototype battery packs this year. The batteries will be tested
both in the laboratory and in actual Army field exercises. Electric
Fuel also gave CECOM an option on 150 additional battery packs over
the next 18 months for an additional $250,000. The first delivery of
field exercise batteries is expected in May.
The battery packs, which will be produced
at Electric Fuel's facility in Auburn, Alabama, will primarily be configured
as 24V, 30Ah forward field chargers that will allow soldiers to significantly
extend mission time by repeatedly field-charging the rechargeable batteries
used in portable communication units. Some of the batteries are expected
to be incorporated in hybrid power packs designed for use with the Land
Warrior System, an integrated, modular soldier system that enhances
the command and control, survivability, mobility, and sustainment capabilities
of individual infantry soldiers and small infantry units.
Electric Fuel will be exhibiting the zinc-air
power packs, along with the Company's commercially available line of
zinc-air batteries for wireless communications, at the 39th Power Sources
Conference to be held at the Hilton in Cherry Hill, NJ, from June 12-15.
The Power Sources Conference is sponsored by the Power Sources Center
of Excellence, US Army CECOM, and the Sensors and Electronic Devices
Directorate, Army Research Laboratory.
Electric Fuel Corporation, with corporate
offices in New Jersey and manufacturing and R&D facilities in Israel
and Alabama, is pioneering the use of zinc-air battery technology for
consumer electronic products, electric vehicles and industrial applications.
NOTE: This press release contains forward-looking
statements. There are certain important factors that could cause results
to differ materially from those anticipated by the statements made above
as set forth in Electric Fuel's annual report on Form 10-K for the fiscal
year ended December 31, 1999. Among, but not limited to these factors,
are the stage of development of Electric Fuel's products, the uncertainty
of the market for disposable cellular telephone batteries and significant
future capital requirements.