Ault Announces Multi-Million Dollar Contract with Northern Telecom.MINNEAPOLIS--(BUSINESS WIRE)--June 4, 1998--Ault Inc. (Nasdaq: AULT) announced today that it has received a major power supply order from Nortel, one of its largest global customers. Ault Inc. will manufacture the UPS (uninterruptible power supply See UPS. (hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power. ) product for Nortel. "We are very proud of our association with Nortel and value our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationship with them," explained Greg Harris Greg Harris is a common name that can refer to different people:
raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my small UPS power supplies. It is our goal to continue to provide both the leadership and expertise that is necessary to remain the primary power supply resource to customers like Nortel." The Nortel account represents a multi-million dollar business opportunity for Ault which will span the next few years. Initial product shipments are scheduled to commence during Ault's 1999 fiscal year (June 1, 1998 - May 31, 1999). Ault is a publicly held $40 million manufacturer of external power supplies including transformers, switchers, linears and battery chargers. The company is headquartered in Minneapolis with multiple manufacturing venues located in Korea and China. -0- NOTE TO EDITORS: Visit Ault on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.aultinc.com
CONTACT: Ault Incorporated, Minneapolis
Cindy Trojanowski, 612/493-1943
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