Aavid Thermal Products Changes Its Name to Aavid Thermalloy, LLC; Name Change Reflects Recent Acquisition of Thermalloy.Business/Technology Editors CONCORD, N.H.--(BUSINESS WIRE)--March 2, 2000 Aavid Thermal Products Inc., a wholly-owned subsidiary of Aavid Thermal Technologies Inc., announced today its name change to "Aavid Thermalloy, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ." The new name reflects its recent acquisition of Thermalloy, Inc., formerly a subsidiary Bowthorpe Ltd. Aavid Thermalloy will move forward, having assimilated the complimentary strengths and capabilities of the two companies, expanding its global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. to better serve its customers. Highlights of Aavid Thermalloy include: 13 manufacturing plants around the world, including Mexico and China; the industry's largest thermal engineering and R& D capabilities, increased investments in supply chain capabilities, and expanded manufacturing capabilities, including a second, larger extrusion press. "Our integration of the two companies was directed by a distinct vision for the future," said George Dannecker, Aavid Thermalloy president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "We want to continue our growth as the market leader, focused on initiatives to provide our customers with a competitive advantage through strong, industry-leading engineering capabilities; the best-in-class in customer service; and global supply chain support," Dannecker concluded. Company Background Aavid Thermal Technologies is a leading provider of thermal management solutions for dissipating potentially damaging heat from digital and power electronics. Aavid serves a highly diversified range of markets, principally in 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. , Europe, and the Far East. Aavid's 1998 sales totaled $209 million, driven by the company's operations in two distinct markets: thermal management solutions and computational fluid dynamics Computational fluid dynamics The numerical approximation to the solution of mathematical models of fluid flow and heat transfer. Computational fluid dynamics is one of the tools (in addition to experimental and theoretical methods) available to solve software. Thermal management solutions include products and services for problems associated with the dissipation of unwanted heat in electronic and electrical components and systems. Computational fluid dynamics (CFD CFD - Computational Fluid Dynamics ) software involves developing software for computer modeling and flow analysis of products and processes that would otherwise require time consuming and expensive physical models and the facilities to test them. Ongoing increases in silicon and system integration, higher processing speeds See MHz. and frequencies, smaller form factors, more sophisticated power requirements and other advances in chip technology create excessive heat in microprocessors and IC's (semiconductors) in electronic and electrical components and systems. Microprocessors and integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. operate efficiently only in a narrow temperature band. The excessive heat generated by these semiconductors not only harms their own performance, but also degrades system performance and reliability and can cause system failure. The increasingly wide range of environmental conditions, including temperature extremes, in which electronic systems are expected to operate, exacerbates these negative effects. The use of Aavid's thermal solutions helps maintain device and system performance and reliability, and help avoid premature component and system failure. Additional information on Aavid Thermal Technologies is available on the World Wide Web at http://www.aavid.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 Under 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 Statements contained in this press release which are not historical facts may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected. Such risks, uncertainties and factors include, but are not limited to, changes in the Company's markets, particularly the potentially volatile semiconductor market, changes in and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, risk of foreign operations and markets, difficulties in integrating newly acquired businesses and general economic conditions, failure to meet the closing conditions to complete the Willis Stein & Partners transaction, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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