Exide Technologies, formerly known as Exide Corporation, is the largest producer of lead acid batteries in the world, with fiscal 2001 net sales of approximately $2.4 billion. The Company manufactures industrial and automotive batteries in North America, Europe, the Middle East, India,Australia and New Zealand. The Company's industrial batteries consist of motive power batteries, such as those for use in forklift trucks and other electric vehicles, and network power batteries used for back-up power applications, such as those used for telecommunications systems.The Company has two primary segments: the Industrial segment and the Transportation segment.