Aavid announces 6 percent price increase across all product lines effective May 1, 1997.LACONIA, N.H.--(BUSINESS WIRE)--March 17, 1997-- Aavid Thermal Technologies, Inc. (Nasdaq: AATT AATT Advanced Air Transportation Technologies (NASA air traffic control project) AATT Advanced Aviation Transportation Technology AATT Advanced Air Traffic Technologies (US FAA) AATT Absolute Arrival Time Technique ) today announced it will raise prices across its broad range of thermal management products by an average of 6 percent, effective May 1, 1997. The price adjustment represents the first of its kind by Aavid in over 26 months. Company Background Aavid Thermal Technologies provides thermal management solutions to the power and digital electronics industries in diversified diversified (di·verˑ·s markets 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. 1996 sales, which totaled approximately $81.7 million, were driven by the principal industries served by Aavid including: computers (23%), transportation (22%), telecommunications (24%) power supplies and uninterrupted power supplies (15%) and motor controls and power conversion (16%). Aavid is the world's leading provider of thermal technologies for removing potentially damaging heat in digital and power electronics products. 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 Matters discussed in this news release are forward looking statements that involve risks and uncertainties, including, fluctuation Fluctuation A price or interest rate change. in the semiconductor markets, competitive products and pricing, availability of aluminum and other raw materials and other risks indicated in the company's filings with the Securities and Exchange Commission. CONTACT: Aavid Thermal Technologies, Inc. Patrick Riley 603-224-1117 riley@aavid.com or Miller/Shandwick Technologies Lee Kemmler/Jessen Wehrwein 617-536-0470 lkemmler@miller.shandwick.com jwehrwein@miller.shandwick.com |
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