Bel Acquires Communications Products Division of APC.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--Dec. 23, 2002 Bel Fuse Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BELFA)(NASDAQ:BELFB) announced today that it has acquired the Communications Products Division of Advanced Power Components Plc (APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ), a leading provider of innovative front-end solutions for high-speed voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. based in the United Kingdom. The Communications Products Division of APC works in close cooperation with leading global IC manufacturers to develop integrated line interface products for broadband communications. These products include designs for ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line , VDSL See DSL. VDSL - Very high bit-rate Digital Subscriber Line and other wired communications technologies. "By acquiring this division of APC, Bel can offer customers new products that complement our current networking devices," stated Dan Bernstein, president of Bel. "These highly integrated solutions will provide our customers with a proven, IC-compatible solution that is more complete, reliable and cost effective than a discrete approach." The purchase will also result in the addition of an engineering development center in the UK enabling Bel to strengthen its presence in and responsiveness to European markets. By adding these communication solutions to its current portfolio of networking and communication products, Bel intends to address future growth opportunities in the broadband services industry. About Bel Bel (www.BelFuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, automotive and consumer electronics. Products include magnetics and connectors for voice and data transmission, fuses, DC/DC converters, delay lines and hybrid circuits. The Company operates facilities around the world. About APC Founded in 1982, Advanced Power Components (APC) (www.APC-plc.co.uk) is a leading provider of ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary line interface hybrids to the broadband communications industry. APC is traded on the Alternative Investment Market of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. under the symbol APC.L. Forward-Looking Statements Except for historical information contained in this news release, the matters discussed, are forward-looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers, the continuing viability of sectors that rely on our products, the effect of business and economic conditions; capacity and supply constraints or difficulties; product development, commercializing or technological difficulties; the regulatory and trade environment; the market's acceptance of the Company's new products and competitive responses to those new products, and the risk factors detailed from time to time in the Company's SEC reports. |
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