APW and Lucent Technologies Cancel Agreement for Manufacturing Facility in Poland.Business Editors WAUKESHA, Wis.--(BUSINESS WIRE)--May 7, 2001 APW APW All Pro Wrestling APW Altmar Parish Williamstown (School District; Parish, New York) APW Add-Printer Wizard (Microsoft Windows) APW Augmented Plane Wave APW Apparent Polar Wander Ltd. (NYSE NYSE See: New York Stock Exchange : APW), the leading global Technically Enabled Manufacturing Services "TEMS TEMS Terrestrial Ecosystem Monitoring Sites TEMS Tactical Emergency Medical Support TEMS Toyota Electronic Modulated Suspension TEMS Tactical Emergency Medical Services (EMS) TEMS Total Electronic Migration System " company, announced today that it and Lucent Technologies have mutually agreed to cancel the previously announced acquisition by APW of Lucent's metals, plastics and tooling manufacturing operation located in Bydgoszcz, Poland. Given current market conditions, both parties decided to withdraw from the transaction. APW continues to serve Lucent as a strategic supplier on a global basis and looks forward to further expansion of its ongoing relationship with Lucent. The general supply agreement that was executed between APW and Lucent in January 2001 has helped to solidify the strategic partnership that exists between the two companies. Lucent will continue to evaluate the metals, plastics and tooling operation located in Bydgoszcz as Lucent reviews its manufacturing strategy. The operation, covering approximately 215,000 square feet, employs about 300 employees who manufacture electronic enclosure cabinets, power distribution frames and injection molded plastic parts. The operation will continue as a Lucent-owned and operated facility. About APW Ltd. APW Ltd. is a Technically Enabled Manufacturing Services "TEMS" company that designs and manufactures large, complex infrastructure products for OEM's in the communications, large enterprise hardware and Internet markets. APW Ltd. has particular skills in the areas of manufacturing enclosures, thermal management, power supplies and backplanes; as well as core competencies in product and system design, integration and supply chain management. APW Ltd. operates in over 50 locations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and Asia. For further information contact: APW Ltd. Susan Hrobar, Vice President 262-523-7775 www.apw.com About Lucent Technologies Lucent Technologies, headquartered in Murray Hill Murray Hill may refer to one of the following places:
For further information contact: Lucent Technologies Inc. Mary Ward, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 908-582-7658 www.lucent.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain of the above comments represent forward-looking statements made pursuant to the provisions 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. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. APW Ltd.'s results are also subject to general economic conditions, market conditions in the computer, semiconductor, telecommunications, and electronic industries in North America, South America, Europe and Asia, continued market acceptance of APW's existing products and new product introductions, the successful integration of recent and pending acquisitions, successful negotiation of bank facilities, competitive product and pricing pressures, foreign currency risk, interest rate risk, and APW's ability to access capital markets. See our Form 10 and Form S-3 for further information on risk factors. |
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