Bel Opens New Engineering Facility in San Diego, CA.Business Editors/High-Tech Writers JERSEY CITY, N.J.--(BUSINESS WIRE)--Dec. 2, 2002 Bel Fuse Inc. (Nasdaq:BELFA) (Nasdaq:BELFB) announced today that it opened a new engineering development center in the Rancho ran·cho n. pl. ran·chos Southwestern U.S. 1. A hut or group of huts for housing ranch workers. 2. A ranch. Bernardo community of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . Housed in a completely renovated building, the facility boasts over 11,000 square feet of space dedicated to marketing, product development and engineering of its popular networking and telecommunication products. In addition to accommodating engineering design activities, the new building features lab facilities for testing and sampling of new products. The newly designed space will accommodate marketing and engineering staff, and features the latest in high speed networking capabilities for data and voice communication. "Our new facility is the culmination of planned efforts to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. and consolidate our engineering operations in the U.S.," stated Dan Bernstein, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bel. "We're responding to market conditions as networking and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. technologies continue to merge. Our aim is to keep the company agile so we can respond quickly with products appropriate to these trends." The new Bel facility, which will be in operation beginning Monday, December 2, 2002, is located at 17180 Bernardo Center Drive, San Diego, CA 92128-2002. The phone number at this location is 858/676-9650 and the fax number is 858/676-9640. 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 A circuit that contains different types of circuitry or chips. See mixed signal and hybrid microcircuit. . The Company operates facilities around the world. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. 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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