Don't know if this has been posted since it's release on Apr. l9th or not. At any rate it is an interesting read.
I do not own any of EFCX's stock.
Chisy
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Electric Fuel Corp. Announces New Battery Pricing
Instant Power(TM) Cellphone Batteries to Retail for Under $10
NEW YORK, April 19 /PRNewswire/ -- Electric Fuel Corporation (Nasdaq: EFCX) today announced a major price reduction for its INSTANT POWER(TM) line of disposable cellphone batteries, lowering the MSRP to $9.95.
The Company said that the price cut was enabled by improved efficiencies achieved through the full operation of its automated production line.
Electric Fuel produces INSTANT POWER(TM) batteries for popular cellphone models from Nokia, Motorola, Ericsson and Samsung. The high-capacity 3300 mAh batteries provide a convenient back-up power source that gives up to 16 hours of talk time, or 3 weeks of standby time.
Electric Fuel previously announced a suggested retail price of $9.95 for Power Cartridges for its line of INSTANT POWER(TM) Chargers for cellphones and PDA's. The new battery price gives consumers and businesspeople their choice of INSTANT POWER(TM) solutions for the same low price.
Yehuda Harats, Electric Fuel president and CEO, said, "I am pleased that we have been able to reach our often-stated short-term goal of offering INSTANT POWER(TM) batteries and charger cartridges for under $10. We are committed to a policy of lowering prices as an important element in our strategy of increasing sales and making INSTANT POWER(TM) batteries and chargers a mass market product line."
About Electric Fuel
Electric Fuel Corporation (http://www.electric-fuel.com), with corporate and sales offices in New York and London, England, and manufacturing and R&D facilities in Israel and Alabama, is a world leader in primary and refuelable Zinc-Air fuel cell technology, pioneering advancements in consumer electronics, electric vehicles, and defense and safety products. Electric Fuel's INSTANT POWER(TM) batteries and chargers are based on the Company's patented, cutting-edge Zinc Air fuel cell technology. The batteries, which come fully charged and ready to use right out of the pack, provide consumers with up to five times more talk and stand-by time when compared with conventional batteries, and are currently compatible with select models of Ericsson, Motorola, Nokia and Samsung cellphones. INSTANT POWER(TM) Batteries and Chargers are on sale at retail outlets throughout the United States, Europe and Israel.
All brand names mentioned in this release are trademarks or registered trademarks of their respective owners.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary significantly. These risks and uncertainties include, but are not limited to, risks relating to: product and technology development; the uncertainty of the market for Electric Fuel's products; development and growth of anticipated markets for Electric Fuel's products; market acceptance of new products and continuing product demand; the ability to manage growth and ramp-up production effectively as needed; the impact of competitive products and pricing on Electric Fuel's products and markets; changing economic conditions; delay, cancellation or non-renewal of purchase orders; significant future capital requirements; and other risk factors detailed in Electric Fuel's most recent annual report on Form 10-K for the fiscal year ended December 31, 2000, and other filings with the Securities and Exchange Commission. Electric Fuel assumes no obligation to update the information in this release. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.
This release and prior releases are available on the KCSA Public Relations Worldwide Web site at kcsa.com.
SOURCE Electric Fuel Corporation
CO: Electric Fuel Corporation
ST: New York
IN: CPR HOU
SU: PDT
04/19/2001 10:23 EDT prnewswire.com |
