Applied Power Announces Contract Cancellation.MILWAUKEE--(BUSINESS WIRE)--Dec. 10, 1998--Applied Power Inc. ("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 ") announced today the cancellation of a new product development contract within its Engineered Solutions segment. This cancellation will result in a one-time charge of $4.7 million, or $0.12 per share in the first quarter of fiscal 1999. The majority of these development costs were incurred previous to fiscal 1999 and there is no impact on sales in fiscal 1999 due to this cancellation. Applied Power is currently in discussions with the customer to reach a settlement on APW's investment in this program. Applied Power Inc., headquartered in Butler, Wisconsin Butler is the name of some places in the U.S. state of Wisconsin:
This article consisting of geographical locations in Wisconsin is a disambiguation page, a list of pages that otherwise , is a global company comprised of three business segments. Enclosure enclosure (inclosure) n. land bounded by a fence, wall, hedge, ditch or other physical evidence of boundary. Unfortunately, too often these creations are not included among the actual legally-described boundaries and cause legal problems. ENCLOSURE. Products and Systems provides electrical and electronic enclosure systems and technical furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. to a broad array of end user industries. Engineered Solutions supplies components and systems using thermal management, actuation ac·tu·ate tr.v. ac·tu·at·ed, ac·tu·at·ing, ac·tu·ates 1. To put into motion or action; activate: electrical relays that actuate the elevator's movements. 2. and vibration control technologies to a diverse group of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers. Tools and Supplies provide industrial and electrical tools and accessories through various distributor and retail channels worldwide. For further information contact: Applied Power Inc. Robert C. Arzbaecher Vice President and Chief Financial Officer 414-783-9279 To receive a faxed copy of this or other recent Applied Power communications, please call the Company's "News on Demand" service at 1-800-549-0679. |
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