Fleet Managers Get Powerful Flexibility Combining EnerSys® Technology Breadth with Yale Power Key™ and Hyster Power Cellect™

Reading, Pennsylvania, July 19, 2023 — EnerSys^® (NYSE:ENS), the global leader in stored energy solutions for industrial applications, has received approval of full integration for NexSys^® Thin Plate Pure Lead (TPPL) battery technology across all equipment from Hyster-Yale Group that is equipped with Hyster Power Cellect™ or Yale Power Key™.

This approval from Hyster-Yale Group makes EnerSys the first and only provider to offer both virtually maintenance-free battery technologies compatible with Hyster Power Cellect and Yale Power Key - TPPL and Lithium-ion (Li-ion).

“Both EnerSys and Hyster-Yale Group constantly seek to improve customer operations by leveraging technology.  The flexibility in power options provided by both Hyster Power Cellect and Yale Power Key, coupled with EnerSys’ broad array of battery technologies, now gives Fleet Managers more choices to help optimize productivity and reduce total cost of ownership – while also enhancing the operator experience.” said Ben Ruela, General Manager - OEM Sales, Motive Power Global at EnerSys. “Having our TPPL and lithium-ion technologies integrated with Hyster^® and Yale^® equipment affords our mutual customers the opportunity to ‘right size’ the power solutions required by their operation while virtually eliminating battery maintenance.  No two operations are identical and only EnerSys enables fleets to truly optimize their equipment power with a broad span of choices.”  

While electric material handling equipment was already typically designed for use with flooded lead acid batteries, the operational benefits from integrating advanced TPPL and Li-ion technologies manifests in three core categories:

• Productivity: Communication between Hyster and Yale equipment and EnerSys batteries enables reporting of battery data to operators via the factory-installed Battery Discharge Indicator (BDI) on the lift truck - helping ensure proper charging practices to optimize productivity along with service life of the equipment and battery. When equipped with optional Hyster Tracker™ or Yale Vision™ telemetry, managers can also conveniently monitor battery status and charging habits for TPPL and Li-ion in their respective online portals.
• Sustainability: Converting from liquid propane (LP) to electric-powered Hyster and Yale equipment, all EnerSys batteries reduce carbon dioxide emissions up to 14 tons per truck^*. While TPPL and Li-ion technologies also eliminate watering - saving up to 660 gallons of water annually per battery versus traditional flooded lead acid, based on usage.
• Safety: Direct communication between battery and equipment via full integration also helps ensure features and warnings related to battery state-of-charge which help protect equipment and operators.

Fleets working with EnerSys also gain the advantage of combining power study data with proprietary EnSite™ modeling software to identify the optimum power system for their specific applications.

Combining the advanced products and capabilities of EnerSys with the flexibility of Hyster Power Cellect and Yale Power Key, Operations and Fleet Managers now have more powerful options to achieve safe, sustainable and more productive fleet operations - with no compromises.

About EnerSys^®

EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles requiring stored energy solutions. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business. More information regarding EnerSys can be found at www.enersys.com.

SUSTAINABILITY

Sustainability at EnerSys is about more than just the benefits and impacts of our products. Our commitment to sustainability encompasses many important environmental, social and governance issues. Sustainability is a fundamental part of how we manage our own operations. Minimizing our environmental footprint is a priority. Sustainability is our commitment to our employees, our customers and the communities we serve. Our products facilitate positive environmental, social and economic impacts around the world. To learn more visit: https://www.enersys.com/en/about-us/sustainability/.

Caution Concerning Forward-Looking Statements

EnerSys is making this statement in order to satisfy the “Safe Harbor” provision contained in the Private Securities Litigation Reform Act of 1995. Any of the statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. Forward-looking statements may be based on expectations concerning future events and are subject to risks and uncertainties relating to operations and the economic environment, all of which are difficult to predict and many of which are beyond our control. For a discussion of such risks and uncertainties that could cause actual results to differ materially from those matters expressed in or implied by forward-looking statements, please see our risk factors as disclosed in the “Risk Factors” section of our annual report on Form 10-K for the most recently ended fiscal year. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.