Cooper Electronic Corrects and Replaces Previous Press Release.Business Editors NOTE: The following news release corrects and replaces the previous Cooper Electronic news release, which ran earlier Monday on Business Wire, BW0228(MO-COOPER-ELECTRONIC) ST. LOUIS--(BUSINESS WIRE)--Dec. 20, 1999 Cooper Bussmann, on behalf of its Cooper Electronic Technologies business, today announced an exclusive worldwide sales and distribution agreement with PowerStor. PowerStor, based in Dublin, Calif., pioneered the development of aerogel aerogel, any of a group of extremely light and porous solid materials; the lightest is less than four times as dense as dry air. Aerogels are produced from certain gels (see colloid) by heating the gel under pressure, which causes the liquid in the gel to become supercapacitor technology. Under the agreement, Cooper Bussmann has also acquired an equity position in PowerStor. When used in battery powered devices, aerogel capacitors can extend battery life and increase the energy available to meet peak power needs. Applications include electronics, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , computers, power supplies and power conversion circuits. "PowerStor's products are an excellent fit with our line of magnetics and circuit protection components sold to computer, wireless, telecommunications, and electronics OEMs," said Steven Hogge, director of Global Marketing & Sales for Cooper Electronic Technologies. "As a result of our agreement, we also gain access to the proprietary manufacturing technologies developed by PowerStor. Likewise, PowerStor gains immediate access to Cooper Electronic Technologies' worldwide customer base, and marketing and sales infrastructure to support the increasing demand for PowerStor's state-of-the-art products." Cooper Electronic Technologies is a global manufacturer of electronic circuit protection, power conversion and filtering components. Brand names include Bussmann(R) electronic fuses, Coiltronics(R) power magnetics, and SurgX(R) ESD (1) (Electronic Software Distribution) Distributing new software and upgrades via the network rather than individual installations on each machine. See ESL. suppression components, Polytron(TM) polymer resettable fuses A polymeric positive temperature coefficient device (PPTC) is a passive electronic component. Commonly called "resettable fuses", they are used to protect against overcurrent faults in electronic circuits. , and PowerStor supercapacitors. Cooper Bussmann is a division of Cooper Industries Cooper Industries NYSE: CBE is one of the oldest large companies in the United States, having been founded in 1833 as a partnership in Mount Vernon, Ohio. Incorporated in Ohio as The C. & G. . Headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , Cooper Industries is a worldwide manufacturer of electrical products, tools and hardware. Statements in this news release are forward-looking under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are subject to various risks and uncertainties, many of which are outside the control of the Company, such as the level of market demand for the Company's products, competitive pressures and future economic conditions. These factors are discussed in the Company's 1998 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other Securities and Exchange Commission filings. |
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