North Coast Solar Stocks

November 17, 2009

Energizer Licensees ICP Solar and Universal Power Group Join Forces

Filed under: ICPR — Tags: , , , — Jason @ 8:49 am

Joint Operations and Product Supply to Increase Sales

8:49 am EST, Tuesday November 17, 2009

MONTREAL & CARROLLTON, Texas–(BUSINESS WIRE)–ICP Solar Technologies Inc. (ICPR), a developer and marketer of innovative solar panels, solar chargers, energy meters and other solar powered devices, today announced that it has partnered with Universal Power Group (UPG) in a third-party logistics and supply arrangement designed to leverage ICP Solar’s broad product line and UPG’s sourcing and distribution expertise.

“Since UPG is also a licensing partner in the Energizer® program and a major provider of third-party logistics for battery-based systems, we are collaborating with them to substantially improve ICP Solar’s in-stock performance and also add their complementary products to our offerings,” said Sass Peress, CEO of ICP Solar Technologies. “This relationship will also enable UPG to offer ICP Solar’s innovative line of Energizer-branded solar chargers to their own vast customer base. By drawing on UPG’s inventory and logistics support, ICP Solar can now increase its focus on innovation, marketing and sales. We expect this agreement to significantly improve our revenues and positively impact our bottom line for our next fiscal year.”

UPG is a leading, Texas-based distributor and supplier of batteries and related power accessories and a provider of supply chain and other value-added services. In December 2008, UPG entered into a licensing agreement with Energizer Holdings, Inc. to develop a line of automotive power products under the Energizer brand for distribution through mass, specialty and automotive stores.

“We are delighted to combine our expertise in third-party logistics with ICP Solar, while also expanding the breadth of Energizer-branded products we can offer to our combined target markets”, said UPG’s president and CEO, Ian Edmonds. “This marks another step in UPG’s long-term strategy of penetrating new markets through strategic alliances, while introducing new products to our existing customers. As a result, we can offer our retail and strategic partners a more complete line power accessories, while also adding opportunities for additional services and new distribution outlets. In addition, diversifying our markets minimizes UPG’s exposure to any one segment of the economy. ICP Solar is an example of the kinds of strategic partnerships we are seeking today, and we look forward to a mutually beneficial relationship for the long term.”

About Universal Power Group, Inc.

Universal Power Group, Inc. (UPG) is a leading supplier and distributor of batteries and power accessories, and a provider of supply chain and other value-added services. UPG’s product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, jump-starters, 12-volt accessories, solar and security products. UPG’s supply chain services include procurement, warehousing, inventory management, distribution, fulfillment and value-added services such as sourcing, battery pack assembly, coordination of battery recycling efforts, and product design and development. For more information, please visit the UPG website at http://www.upgi.com.

About Energizer Holdings, Inc.

Energizer Holdings, Inc. [ENR], http://www.energizer.com, headquartered in St. Louis, Missouri, is one of the world’s largest manufacturers of primary batteries, battery-powered devices and flashlights. Energizer, a global leader in the dynamic business of providing portable power geared toward the new digital age, offers a full portfolio of products including the Energizer® MAX® premium alkaline brand; Energizer® Ultimate Lithium; Energizer® Advanced Lithium and Nickel Metal Hydride (NiMH) Rechargeable batteries and chargers.

The Energizer product line also includes specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, watches and other uses. Through its flashlight and lighting products unit, Energizer helps bring consumer insight and innovation to these important household devices. Energizer continues its role as a technology leader with Energizer® Energi To Go®, portable battery powered chargers for cell phones.

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