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  September 5, 2001
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Home > Company Index > Manufacturing > Miscellaneous Electrical Products > Electrosource, Inc.

Electrosource, Inc.
Nasdaq (SC): ELSIE
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 PROFILE
Electrosource is trying to get a charge out of the emerging electric car market. The company makes lead-acid, rechargeable storage batteries for electric vehicles and other equipment. Electrosource's patented technology has been used to develop the Horizon battery, a lead-acid battery designed to outperform conventional batteries. Customer and affiliate Electrosource International Ltd. (EIL) contributes about 20% of total sales. Other customers include the US government, DaimlerChrysler, and Lockheed Martin, which accounts for about a third of Horizon battery sales. UK-based Kamkorp, parent of EIL, owned about 70% of Electrosource, but has exercised an option to buy more shares to help the cash-starved company.

 COMPETITION
Exide Corporation (EX)
Johnson Controls, Inc. (JCI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 2.20
1-Yr. Sales Growth: (4.3)%
Employees: 50
Revenue per employee: $44,000.00

 KEY PEOPLE
• Benny E. Jay
    CEO
• Don Perriello
    CFO

 CONTACT INFO
2809 IH-35 South
San Marcos, TX 78666
US
Phone: 512-753-6500
Fax: 512-353-3391

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