Computer Products announces strategic alliance with Alcatel Telecom.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Sept. 23, 1996--Computer Products Inc. (Nasdaq NM:CPRD CPRD Chehalem Park and Recreation District (Newberg, Oregon) CPRD Corporate Policy and Research Department (PBGC) ), a leading manufacturer of power subsystems for the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , Monday announced it has entered into a long term, private label agreement with Alcatel Telecom, a division of France's Alcatel Alsthom, one of the world's largest telecommunications equipment manufacturers. Under the terms of the agreement, Computer Products will provide power products to Alcatel Converters, a division of Alcatel Telecom. These products allow Alcatel Converters to use Computer Products' modules in the design of communication systems based on both Distributed Power Architecture and Modular Centralized Systems. Annual sales volume associated with the agreement is anticipated to range between $10 million and $20 million beginning in 1997. The agreement further provides for the granting of a manufacturing license by Computer Products to Alcatel Converters and the possible transfer of technology between the two companies. Commenting on the agreement, Joseph M. O'Donnell, 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 Computer Products Inc. stated: "The agreement with Alcatel is further testament of our success in meeting the power needs of the telecommunications industry. Computer Products' proprietary technology enables Alcatel Converters to provide its sister companies with a single source for all their power supply needs. We are pleased with the opportunity presented by this collaboration and look forward to furthering our market leading position within the telecommunications industry." Alcatel Telecom is a subsidiary of the French-based Alcatel Alsthom, a worldwide supplier of high technology telecommunications and electronics products including advanced digital switches, transmission systems, broadband and access products and radio mobile communications systems. In 1995, Alcatel Alsthom had worldwide sales over $13.6 billion. Computer Products Inc., headquartered in Boca Raton, is a manufacturer of standard and custom-designed electronic products and subsystems for the communications industry, and other real-time systems Real-time systems Computer systems in which the computer is required to perform its tasks within the time restraints of some process or simultaneously with the system it is assisting. applications. The company has operations in Pompano Beach Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , Fla., Madison, Wis., Boston, Fremont, Calif., Huntington Beach Huntington Beach, city (1990 pop. 181,519), Orange co., S Calif., on the Pacific coast, across from Santa Catalina Island, in an oil-producing area; inc. 1909. It manufactures aerospace vehicles, aircraft parts, optical instruments, and heat transfer equipment. , Calif., China, Hong Kong and the Republic of Ireland. -0- NOTE TO EDITORS: In the World Wide Web address noted in this news release, there is a double slash between http: and www.computerproductsinc.com. These symbols may not appear properly in some systems. CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. : Company: John Nesbett Richard Thompson Lippert/Heilshorn & Associates Chief Financial Officer 212/838-3777 407/451-1000 |
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