|US Army and Air Force Exchange Service (AAFES) Orders Electric Fuel's Instant Power(TM) Batteries and Chargers|
Products sold to US and NATO forces in Europe and Middle East
NEW YORK, July 11 /PRNewswire-FirstCall/ -- Electric Fuel Corporation (Nasdaq: EFCX - News), the world's leading zinc-air fuel cell company, announced today that The Army and Air Force Exchange Service (AAFES) of the United States has ordered and now carries Electric Fuel's line of INSTANT POWER(TM) chargers and batteries in most of its military installations in Europe & the Middle East.
The AAFES brings a tradition of value, service and support to its 7.3 million customers in the United States, Europe and the Pacific. AAFES' mission is to provide quality merchandise and services at uniformly low prices to active duty military personnel, Guard and Reserve members, military retirees and family members, regardless of where they're stationed. INSTANT POWER is now sold in "POX" or "BX" outlets serving US and NATO forces. Stores are located across Europe & the Middle East. Products are also carried in Temporary Field Exchanges ("TEE").
The AAFES has ordered INSTANT POWER Chargers for cellphones and PDAs and zinc air batteries for video camcorders and digital cameras.
Electric Fuel's Instant Power Charger requires no electrical outlet and allows cellphone consumers to stay connected, even if their battery is dead. The pocket-sized device weighs less than three ounces and allows cellphones and PDAs to be used and charged on the move, anywhere, anytime. The Instant Power charger draws energy from its replaceable Power Cartridge(TM) and plugs directly into the mobile device. Each cartridge provides up to three charges and supports hours of talk or work time. Video and digital camera batteries provide enough power for 10 hours of filming or thousands of digital photos.
Electric Fuel President and CEO Yehuda Harats said, "Our products are ideal for people on the go. Soldiers and their families stationed abroad appreciate the ability to 'always be in-touch' and the 'no electricity needed' features of our products. This is an important new market segment for us, which we intend to develop alongside other defense-related markets."
About Electric Fuel
With corporate and sales offices in New York and London, England, and manufacturing and R&D facilities in Israel and Alabama, Electric Fuel Corporation 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, and are on sale at retail outlets throughout the United States, Canada, Europe and Israel. For more information on Electric Fuel, please visit our web site at http://www.electric-fuel.com, or find out more about our consumer products at http://www.instant-power.com.
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; 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, 2001, 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.