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CORRECTING and REPLACING Saft Awarded Additional $1.3 Million by BAE Systems for U.S. Army’s Ground Combat Vehicle Lithium-ion

  CORRECTING and REPLACING Saft Awarded Additional $1.3 Million by BAE Systems
  for U.S. Army’s Ground Combat Vehicle Lithium-ion Energy Storage System

CORRECTION...by Saft

Business Wire

COCKEYSVILLE, Md. -- November 20, 2012

Sixth graph, second sentence, should read: If the BAE Systems – Northrop
Grumman team is selected as the Army’s design and manufacturing partner, Saft
will likely be the battery supplier when production begins in 2019 (sted If
the BAE Systems – Lockheed Martin team is selected as the Army’s design and
manufacturing partner, Saft will likely be the battery supplier when
production begins in 2019).

The corrected release reads:

SAFT AWARDED ADDITIONAL $1.3 MILLION BY BAE SYSTEMS FOR U.S. ARMY’S GROUND
COMBAT VEHICLE LITHIUM-ION ENERGY STORAGE SYSTEM

BAE Systems has awarded Saft with $1.3 million in new funding for the
continued development of a Lithium-ion (Li-ion) energy storage system for the
U.S. Army’s Ground Combat Vehicle (GCV) program. Saft, which is designing and
building ultra- high-power cells for the vehicle’s hybrid electric drive
system, has already completed the demo battery system including hardware and
software.

The GCV is part of a growing list of military vehicle prototypes for which
Saft has supplied advanced energy storage solutions (ESS). The new funding for
the GCV project is an addition to the initial 2010 contract.

The GCV is a nine-man Infantry Carrier that can protect against threats, move
in urban and off-road terrain and accommodate emerging technologies such as
lightweight armor composites and electronics. Comprised of ultra-high-power,
high-voltage VL 5U cells, the Li-ion ESS supports the GCV’s electric drive
system when the vehicle is not running on gasoline, such as during silent
watch missions. The ESS system employs green technologies which improves
vehicle fuel consumption and improves weight savings. Saft’s proposed ESS
reduces the program cost and provides a highly reliable product by leveraging
already developed subsystems and components from other qualified system to use
on the GCV program.

Saft joins Northrop Grumman, iRobot, MTU, and Qinetiq North America on the BAE
Systems GCV team, one of two industry teams working on the technology
development phase of the program. The 24-month technology development phase is
aimed at completing preliminary design reviews in order build prototype
systems prior to the engineering and manufacturing phase.

“Saft is proud to continue working with BAE Systems and its partners on the
GCV program,” said Tom Alcide, General Manager of Saft’s Specialty Battery
Group. “This project is a testament to BAE Systems’ long-standing support of
Saft and our expertise in designing and building state-of-the-art batteries
that meet the demands of modern, sophisticated military vehicles.”

The GCV program has the potential to have a significant impact for Saft. If
the BAE Systems – Northrop Grumman team is selected as the Army’s design and
manufacturing partner, Saft will likely be the battery supplier when
production begins in 2019.

About Saft

Saft (Euronext: Saft) is a world leader in the design and manufacture 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 defense batteries
with its Li-ion technologies which are also being deployed in the energy
storage, transportation and telecommunication markets. Saft’s 4,000 employees
present in 19 countries, together with its 16 manufacturing sites and
extensive sales network, all contribute to accelerating the Group’s growth for
the future.

For more information, visit Saft at www.saftbatteries.com.

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Contact:

Press Contacts:
Jill Ledger
Saft Corporate Communications and Institutional Relations Director
+33 1 49 93 17 77
jill.ledger@saftbatteries.com
or
U.S. Press contact:
Chris Shigas, French/West/Vaughan
919-277-1167
cshigas@fwv-us.com