1. Copyright 2004 Frost & Sullivan Confidential1 Power Supplies and Batteries Team Frost & Sullivan A965 Strategic Analysis of the World Nickel Rechargeable Battery Market “ Newer chemistries such as Li-ion and Li-ion polymer and lack of technology and product innovation affects the nickel battery market”

2. Copyright 2004 Frost & Sullivan Confidential2 Trends Declining markets for nickel rechargeable batteries due to coming up of newer and superior chemistries Lack of technological advancement or applications incorporating nickel rechargeable batteries Significant increase in raw material prices across world markets Nickel Cadmium (NiCad) and Nickel Metal Hydride (NiMH) battery chemistries continue to be the most reliable for rugged and high drain applications. Increasing trend of market players exiting this market

3. Copyright 2004 Frost & Sullivan Confidential3 Trends Contd… Increasing demand for portable and sophisticated devices requiring greater energy to power them Environmental concerns about cadmium is expected to drastically affect the NiCad market New markets and applications such a motive and electric vehicles likely to be the growth areas

4. Copyright 2004 Frost & Sullivan Confidential4 Key Features Frost & Sullivan Provides: Detailed Insights in to recent trends and developments Drivers, Restraints, Challenges and Strategic Conclusion Market Sizing and Competitive Analysis Market Forecasts End User Analysis Geographical Analysis

5. Copyright 2004 Frost & Sullivan Confidential5 What We Offer Coverage of North America, Europe, Asia and Rest of World Proven Methodology Encompassing Extensive Primary and Secondary Research Focused Information and Strategies that Cover Business and Technology Issues Credible Data and Analysis Highlighting Market Dynamics

6. Copyright 2004 Frost & Sullivan Confidential6 Who Will Benefit? Current Market Participants Find out how you compare to the competition Assess current and future drivers and restraints Determine and exploit new market share opportunities New Entrants Analyse challenges associated with the industry Position yourself to capitalise on the market’s unmet needs Investment Community Determine which participants will outperform the competition Assess attractiveness of investing in nickel rechargeable batteries

7. Copyright 2004 Frost & Sullivan Confidential7 Key Market Participants Sanyo Electric Company Ltd. BYD Battery Company Ltd. Gold Peak Batteries International Ltd. Matsushita Battery Industrial Company Ltd./ Panasonic Saft Varta Batteries Incorporated Royovac Corporation Eagle-Picher Technologies, LLC Hitachi-Maxell Uniross Nexcell Maha Energy Corporation Power Sonic North American Battery Company Energizer Battery Bren-Tronics Incorporated GlobTek Cobasys Marathon Power Technologies Company Shanghai B&Z Battery Company Ltd. Shenzhen Dake Battery Company Ltd.

8. Copyright 2004 Frost & Sullivan Confidential8 Related Frost & Sullivan Title Related Studies A575- Strategic Analysis of Rechargeable batteries for Mobile IT and Communication Devices A574- Strategic Analysis of Rechargeable Battery Markets for Consumer Product Applications A449- Strategic Analysis of World Battery Markets for Medical Applications

9. Copyright 2004 Frost & Sullivan Confidential9 For More Information Call toll free 877 GO FROST (877.463.7876) Fax toll free 888.690.3329 Email myfrost@frost.com Visit www.frost.com