Saft Signs Multi-Million Dollar Long Term Agreement with Lockheed Martin for Telecommunications Satellites

PARIS

Saft, the world’s leading designer and manufacturer of advanced technology batteries for industry, has been awarded a multi-million dollar Long Term Agreement (LTA) with Lockheed Martin as the preferred supplier of lithium-ion (Li-ion) batteries for the company’s telecommunications satellites.

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The follow-on five-year contract – signed through 2020 – validates the continued partnership between Saft and Lockheed Martin for Li-ion cells for satellites that have been proven to work reliably under the harsh space conditions. Saft will supply high-energy VL48E Li-ion cells with a 3.6V, 48Ah package to power the satellites with light-weight, reliable technology necessary to withstand a demanding space lifecycle.

“For nearly half a century, Saft has played a significant role in providing high performance batteries to the space market, and we are thrilled to have the opportunity to further our relationship with Lockheed Martin,” said Thomas Alcide, President of Saft America, Inc. and General Manager of Saft’s Specialty Battery Group. “Our innovative thinking and advanced technology solutions have led us to become the top supplier worldwide of batteries for satellites as we continue to pursue a mission of powering outer space.”

For Saft, this contract demonstrates a proven – and growing – heritage as a technology leader within the space market.

About Saft

Saft (Euronext: Saft) is a world leading designer and manufacturer of advanced technology batteries for industry. The Group is the world’s leading manufacturer of nickel batteries and primary lithium batteries for the industrial infrastructure and processes, transportation, civil and military electronics’ markets. Saft is the world leader in space and defence batteries with its Li-ion technologies which are also deployed in the energy storage, transportation and telecommunication network markets. More than 4,000 employees in 18 countries, 14 manufacturing sites and an extensive sales network all contribute to accelerating the Group’s growth for the future.

Saft batteries. Designed for industry. www.saftbatteries.com

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Saft
Jill Ledger, Corporate Communication and Institutional Relations Director
+33 1 49 93 17 77: jill.ledger@saftbatteries.com
or
Nicole Haslip, U.S. Communications Manager
+ 1-410-568-6452: nicole.haslip@saftbatteries.com
or
French | West | Vaughan
Melissa Timney, +1-919-277-1165: mtimney@fwv-us.com
or
Six Degrees
Andrew Bartlett, +44 118 900 0860: Andrew.bartlett@sixdegreespr.com