Midtronics, Schumacher Electric Reach Agreement on Battery Charger Product Line.

WILLOWBROOK, Ill. -- Midtronics, Inc. (Willowbrook, IL USA) and Schumacher Electric Corp. (Mount Prospect, IL USA) have announced that the companies have completed the sale of Midtronics' professional battery charger product line to Schumacher Electric.

The product line includes hand-portable and bench top chargers as well as wheel-based units designed for use in the professional service environment. The chargers are currently distributed under the Midtronics ChargeXpress(TM) brand as well as private label brands for major transportation market suppliers. Midtronics will continue to develop and market its line of technology-based and diagnostic chargers, which are not included in this transaction.

"This agreement is truly a win for all involved," said Steve McShane, President and CEO of Midtronics. "Midtronics will focus entirely on our core business of providing technology-based products for battery management applications, including our market-leading line of battery testers, monitors and diagnostic chargers, while Schumacher Electric gains a key product and market segment for its thriving battery charger business."

Don Schumacher, President and CEO of Schumacher Electric added, "As the unquestioned leader in the manufacture and sale of high-quality battery chargers, this acquisition just plain made good business sense. We have the proven capabilities to continue delivering reliable products to these new customers. Likewise, we can introduce those customers to our entire line of battery chargers, inverters, and portable power products. As Steve indicated, everyone wins."

About Midtronics:

Midtronics is focused on the development and marketing of innovative technologies for battery management. With a history of advanced battery-related research, Midtronics' patented technologies have been tailored for a variety of applications, including transportation (automotive, heavy-duty trucking, off-road), stationary and motive power, and military use. The development of progressive products has positioned the company as a leader in the industries it serves. Headquartered in Willowbrook, Illinois, USA, Midtronics has offices in IJsselstein, The Netherlands, and Shenzhen, China and a global network of distributors.

For more information, contact Todd Stukenberg, Midtronics, Inc., 7000 Monroe Street, Willowbrook, IL USA 60527. Telephone: [phone]. Fax: [phone]. E-mail: [e-mail] or visit the company's website at www.midtronics.com.

About Schumacher Electric:

Schumacher Electric is the leading manufacturer and marketer of a full range of starting-assist and battery-charging equipment, as well as jump starters and portable power sources, plus testers. It offers linear, microprocessor and high-frequency charging technologies. The company also offers a line of quality welding equipment and accessories. Headquartered in Mount Prospect, Illinois, Schumacher Electric has manufacturing plants in China and Mexico. Their distribution is center is located in Hoopeston, Illinois.

For more information, contact Alice Mikkelsen, Marketing Manager, Schumacher Electric Corporation, 801 Business Center Drive, Mount Prospect, IL 60056. Telephone: [phone] Extension: 286. Fax: [phone]. E-Mail: [e-mail].