Exide Technologies (GNB) Endowment
Exide Technologies began with creation of The Electric Storage Battery Company, founded in 1888 by W.W. Gibbs. Gibbs recognized that electricity had great potential as a source for lighting, and as such, posed a threat to gas. Gibbs formed the Electric Storage Battery Company to create a dependable mechanism for storing power so electric lighting companies could provide services to their customers if and when it was necessary. The 1980s and 1990s led to increased growth and development for Exide. In 1991 during Operation Desert Storm, Exide supplied starter and tank batteries for the U.S. Army. In 2000, Exide acquired GNB Technologies, the global battery business of Australian-based Pacific Dunlop Limited. Today, Exide has operations in more than 80 countries worldwide.