Ault, Incorporated Announces Private-Label Agreement with MagneTek for Worldwide Sales of DC/DC Converters.

Business Editors & Technology Writers

MINNEAPOLIS--(BUSINESS WIRE)--Sept. 17, 2001

Marketing Agreement Expected to Make Material Contribution to

Sales and Margins Over Next Two Years

Ault, Incorporated (Nasdaq:AULT), a leading North American manufacturer of external power conversion products, today announced the signing of an agreement with MagneTek, Inc. to private-label its new high-efficiency dc/dc converters. Listed on the New York Stock Exchange (NYSE:MAG), MagneTek operates research and production facilities in North America and Europe, employs approximately 1,800 people, and reported revenues of $298 million for its fiscal year ended June 30, 2001. Under the terms of this agreement, Ault will have a worldwide license to market MagneTek's high-efficiency dc/dc converters.

"We expect that this agreement will have a very positive impact on our operations and results going forward, making a material contribution to sales and margins over the next twenty-four months," stated Fred Green, Ault's President and Chief Executive Officer. "We have great synergy with MagneTek and we are extremely well positioned to market this new line of dc/dc converters. Our shared goal is to increase market share with leading OEMs in North America and throughout the world."

Under the agreement, Ault will private-label MagneTek's quarter-brick and half-brick high-efficiency dc/dc converter products. The units are available in 48V input, with output choices of 1.5V, 1.8V, 2.5V, 3.3V and 5.0V. The quarter-bricks and half-bricks are available in single or dual outputs. In single outputs, the quarter-bricks range from 23 to 100 watts of power while the single output half-bricks range from 54 to 200 watts.

"This strategic alliance enhances the strength of both organizations," stated Gregory Harris, Ault's Vice President, Business Development. "By adding dc/dc converters to our power conversion mix, we are able to fulfill the broader needs of our OEM customers with distributed power solutions. This translates into deeper relationships with our major accounts."

The dc/dc products are suitable for use in telecommunications/wireless, industrial/aerospace and any applications utilizing a distributed power architecture.

Nearly all of the quarter-brick models, single and dual outputs, are available for now. Approximately 50 percent of the half-brick models are currently available with the remainder available by the end of calendar 2001. Ault's private-label dc/dc family will be sold through its international network of independent rep firms, four national distributors, twelve regional distributors and the Company's international direct and distributor sales force.

For more information on this and other Ault announcements, please join the Ault First Quarter Fiscal 2002 conference call on Tuesday, September 25 at 8:00 a.m. Central Time at 1-877-381-6503. Ask for the Ault Inc. Fiscal 2002 First-Quarter Earnings Conference Call, and please call a few minutes before the designated start time. The live webcast of the call may also be accessed online on StreetEvents at www.streetevents.com or on Ault's website at www.aultinc.com. The call will be archived at StreetEvents and Ault's websites for 90 days. You may also listen to an Encore Recording of the conference call from Tuesday, September 25, from 12:00 p.m. Central Time through Tuesday, October 2, 12:00 p.m. Central Time by dialing 1-800-642-1687 and the reservation number 1821908.

Ault is the largest independent manufacturer of external power conversion products based in North America. The Company is a leading supplier to original equipment manufacturers of broadband modems, wireless and wire line telecommunications infrastructure, computer peripherals and medical equipment. Ault's website is www.aultinc.com.

In addition to its high-efficiency, board-mountable dc/dc converter families, MagneTek manufactures ac/dc and dc/dc front-ends, rectifiers, inverters and dc power systems to 10,000-amps for telecom/datacom, IT and industrial applications. Listed on the New York Stock Exchange (NYSE:MAG), the company operates research and production facilities in North America and Europe, employs approximately 1,800 people, and reported revenues of $298 million for its fiscal year ended June 30, 2001.