AMI DODUCO Awarded Outsource Assembly Business.Business Editors EXPORT, Pa.--(BUSINESS WIRE)--Aug. 15, 2002 AMI DODUCO announced it was chosen by one of its major electrical contact customers to produce on an outsource basis a number of contact assemblies used in industrial circuit breakers Circuit breakers Measures instituted by exchanges to stop trading temporarily when the market has fallen by a certain percentage in a specified period. They are intended to prevent a market free fall by permitting buy and sell orders to rebalance. . These assemblies, previously produced at the customer's plant will now be produced at AMI DODUCO's Export, Pennsylvania facility. Contact assemblies consist of an electrical contact brazed to a metal backing. The electrical equipment manufacturer has decided to outsource this brazing brazing, method of joining metal parts using nonferrous filler metals with high melting points such as copper, silver, and aluminum alloys. Brazing differs from soldering (see solder) by using a higher temperature; and unlike welding, the parts are not melted. process in order to create additional floor space for the production of new circuit breaker circuit breaker, electric device that, like a fuse, interrupts an electric current in a circuit when the current becomes too high. The advantage of a circuit breaker is that it can be reset after it has been tripped; a fuse must be replaced after it has been used products. AMI DODUCO was chosen for its extensive experience and market leadership in producing brazed assemblies. "We have targeted outsourcing business as a major growth area," said Gerard P. Gorman, President of Global Business Units for AMI DODUCO. "Many customers are increasingly focusing on their core competencies of developing and marketing final products rather than producing the components that go into them. They realize that by outsourcing some of their non-core operations they can reduce their capital base and allow them to redeploy their human assets, and eliminate training costs. As the world's largest electrical contact producer, and with our unique end-to-end production capabilities, we are in the best position to provide complete assemblies to support these efforts." Headquartered in Export, Pennsylvania, AMI DODUCO, a Technitrol Company (NYSE NYSE See: New York Stock Exchange :TNL TNL The Next Level (church; gaming clan) TnL Transform and Lighting (video games) TNL Technical Newsletter TNL target nomination list (US DoD) ) is a global leader in electrical contact technology and fabrication. The company supplies contacts and assemblies, contact materials, thermostatic and laminated metal products, electroplating electroplating: see plating. electroplating Process of coating with metal by means of an electric current. Plating metal may be transferred to conductive surfaces (e.g., metals) or to nonconductive surfaces (e.g. and surface treatment services, and precious metal refining and recycling to more than 3,000 customers. AMI DODUCO operates from locations throughout North America, Europe and Asia. The company's website is www.amidoduco.com. Cautionary Note: This message contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially. This release should be read in conjunction with the factors set forth in Technitrol's report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 28, 2002 Item 2 under the caption "Factors that May Affect Our Future Results (Cautionary Statements for Purposes of the 'Safe Harbor' Provisions of the Private Securities Litigation Reform Act of 1995)." |
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