EaglePicher Technologies, LLC Announces Significant Contract for Li-Ion Batteries

Thursday June 15, 3:52 pm ET

Takes Leadership Position

JOPLIN, MO--(MARKET WIRE)--Jun 15, 2006 -- EaglePicher Technologies today announced a three year contract with Orbital Sciences Corporation (NYSE:ORB - News) for Lithium-Ion (Li-Ion) Batteries. The multi-million dollar contract includes a qualification program, hardware to support a spacecraft integration and test program, and flight hardware for multiple satellites. The batteries will be assembled using 100 ampere-hour Lithium-ion cells, manufactured by GS-Yuasa in Kyoto, Japan and supplied by GS Yuasa Lithium Power. EaglePicher brings nearly forty years of cell and battery manufacturing experience for satellite, deep space probe and scientific project applications to the project.

Over 400 spacecraft have successfully used EaglePicher Technologies battery and cell products. The battery is backed by EaglePicher's vast expertise in designing, manufacturing and testing hardware to survive the harsh environments of space and exceed mission goals.

Orbital is headquartered in Dulles, Virginia, and is the world's leading developer and manufacturer of smaller, more affordable space and rocket systems. Its satellite products include small geosynchronous Earth orbit (GEO) satellites for communications and broadcasting and low Earth orbit (LEO) spacecraft that perform remote sensing, scientific research and national security missions.

EaglePicher Technologies has announced that it intends to aggressively pursue Li-Ion technology for mission critical spacecraft applications, as well as for military, transportation, medical, and other applications where weight, volume and reliability are critical. Li-Ion technology is known to provide higher energy density (watt-hours/kilogram) than more conventional electrochemical systems currently being used for space applications, such as nickel-cadmium and nickel-hydrogen. This energy density advantage over the other systems translates to potentially lower launch costs or additional spacecraft capability. EaglePicher is currently the dominant space battery manufacturer, supplying space power to programs in North and South America, Europe and the Mid-East.

GS-Yuasa is a recognized leader in large capacity lithium-ion cells for aerospace applications such as satellites, launch vehicles and passenger/commercial aircraft. "The LSE cells chosen by EaglePicher have had a stable design for over seven years with well-documented performance and life testing," said Bill Moll, President of GS Yuasa Lithium Power. "This program demonstrates that the aerospace industry has confidence in lithium-ion technology for satellite applications, and confidence that GS-Yuasa cells coupled with EaglePicher space know-how can provide the reliability needed for such critical uses."

"EaglePicher Technologies has a long history of producing high quality, high reliability and mission-successful technology for the U.S. Government and commercial space industry," says Steve Westfall, President of EaglePicher Technologies. "We are driven by technological innovation, and excited about the insertion of this technology into our product offering portfolio. We intend to be the leaders in Li-Ion battery technology development and this contract is an important step in that direction."

The contract will begin with the design and manufacture of a qualification battery, which will be subjected to launch and space environmental testing as well as performance testing to qualify the design. Following the qualification program, integration and test (I&T) batteries will be built for use in testing the spacecraft with the new lithium-ion technology, and specifically EaglePicher's battery design and performance. After I &T testing, the two flight sets of batteries will be produced and delivered to Orbital Sciences. The contract is a long term agreement and will provide the vehicle from which additional orders will be placed.

For more information about EaglePicher products, access www.eaglepicher.com.

EaglePicher Technologies, LLC, a wholly owned subsidiary of EaglePicher Incorporated, has facilities in Arizona, Missouri, Oklahoma, Kansas and Canada. The operating group develops and markets advanced high-reliability power systems and associated electronics for government, space and commercial applications. It also processes Boron isotopes and anticancer pharmaceutical ingredients. Areas of global focus include telecommunications, medical, nuclear power plants, space, defense, environmental, semiconductors and pharmaceutical/biotech.

EaglePicher Incorporated, founded in 1843, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, environmental, automotive, medical, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 3,900 employees and operates more than 30 plants in the United States, Canada, Mexico and Germany. Additional information on the company is available on the Internet at www.eaglepicher.com.

This release contains statements which, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These include any statements about future business operations, financial performance or market conditions. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in Eagle-Picher Holdings' filings with the U.S. Securities and Exchange Commission.

EaglePicher(TM) is a trademark of EaglePicher Incorporated.


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For additional information, please contact:

GS Yuasa Lithium Power, Inc

1150 Northmeadow PKWY Suite 118 Roswell, GA 30076 USA 888.GSYUASA (888.479.8272) 678.892.7501 (fax) media@gsyuasa-lp.com