Amphenol Announces Purchase Of Matrix Science Assets From AMP Incorporated.WALLINGFORD, Conn.--(BUSINESS WIRE)--Oct. 14, 1997--Amphenol Corporation (NYSE-APH) today announced that it has closed an agreement with AMP Incorporated to purchase certain tooling, equipment, inventory, intellectual property including the "Matrix" name and related assets used by AMP to manufacture certain cylindrical cyl·in·dri·cal adj. Of, relating to, or having the shape of a cylinder, especially of a circular cylinder. pin-and-socket connectors. The sale price was not disclosed. Formerly known as the Matrix Science Corporation, the operation has long been a major supplier of cylindrical pin-and-socket connectors for military and aerospace applications. AMP purchased the company in 1988 as a wholly-owned subsidiary and operated it out of Torrance, CA as a part of the company's Federal Systems Division until merging the subsidiary and moving most of its operations to Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York in 1995. Amphenol will add the Matrix brand name to its product catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. , and is committed to providing a smooth transition for Matrix customers. The acquisition of the Matrix assets will further broaden Amphenol's already extensive offering of interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. products to the aerospace industry. Amphenol is the world's leader in producing high performance environmental cylindrical connectors for the aerospace industry. Amphenol Corporation manufactures connectors, cable and interconnect systems for electronics, cable television, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , aerospace, transportation and industrial applications. The Company's products are engineered and produced 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 and sold by a worldwide sales and marketing organization. CONTACT: Edward G. Jepsen Executive Vice President and Chief Financial Officer 203/265-8650 |
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