Midtronics, Inc., has acquired the technology assets related to the QuickSmart Battery Tester/Charger from Exide Technologies. The QuickSmart technology, developed by Exide Technologies and introduced in November 1998, provides a means of rapidly charging and testing a lead-acid battery. The acquisition has significant benefits for both companies, further strengthening their long-time working relationship. Last year Midtronics purchased Exide’s battery charger business, and has developed battery testing and charging products that are sold under the Exide brand. Included in the acquisition are five U.S. patents, two U.S. patent applications, and overseas patent rights for which Exide Technologies will earn royalties on any new Midtronics products that incorporate the QuickSmart technology. Exide Technologies and Midtronics will work together to market these new offerings. In addition, Midtronics will manage service on the QuickSmart units already deployed by Exide Technologies at automotive retail outlets across North America, thus supplying uninterrupted service to those customers. "The underlying QuickSmart technology will help further our development activities and innovation efforts in intelligent diagnostic battery charging," said Steve McShane, president and CEO of Midtronics. "We will use the technology in select future Midtronics diagnostic charging products, initially in non-automotive applications." While Exide Technologies has sold the QuickSmart technology, the company still maintains a strong and growing presence in diagnostic and charging technologies and other service-related businesses for its transportation and industrial customers. "The QuickSmart sales agreement will allow us to capitalize on Midtronics’ expertise in developing and enhancing this technology for the ultimate benefit of our customers," said Craig Muhlhauser, president and chief operating officer of Exide Technologies. "By serving as the link between Midtronics and our customer base, Exide Technologies expands its delivery of superior services — a key part of our global business strategy."