Technology Research Corporation Signs New Three Year Agreement with Coleman Cable, Inc.CLEARWATER, Fla. -- Ned Schiff, Senior Vice President of Commercial Operations for Technology Research Corporation (TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution ) (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 :TRCI), announced today that the Company has signed a new three year OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement to supply portable ground fault circuit interrupter (GFCI See residual current device. ) products to Coleman Cable, Inc. with an estimated value of over $3.0 million. Product deliveries are expected over the next 36 months. Warren Schade, Vice President Industrial Distribution for Coleman Cable, added, "TRC's GFCI products represent an integral part of the Coleman Cable product offering and one of the keys to Coleman's continuing success in this market segment." Dale Plautz, Director of Corporate Purchasing for Coleman Cable, added, "Our long standing partnership with TRC for GFCI products reflects Coleman's commitment to develop long term, mutually beneficial relationships with fewer, but better suppliers." Ned Schiff said, "We are pleased to continue our long standing partnership with Coleman Cable as a customer of TRC GFCI products for distribution to the construction and industrial markets. Coleman Cable is also a major supplier to TRC of standard and custom cable for use with TRC products." Coleman Cable, Inc. is a leading innovator and manufacturer of electrical and electronic wire and cable products. As a pioneer in the industry, Coleman has achieved prominence in a multitude of markets, including the industrial, commercial, consumer, HVACR HVACR Heating Ventilation Air Conditioning and Refrigeration , automotive, voice & data, OEM, and government segments. Extensive design and production capabilities, a comprehensive product offering, and a devotion to fulfilling customer needs make Coleman Cable a preferred choice of wire and cable users throughout the world. TRC is recognized as a worldwide leader in electrical safety products that prevent electrocution electrocution Method of execution in which the condemned person is subjected to a heavy charge of electric current. The prisoner is shackled into a wired chair, and electrodes are fastened to the head and one leg so that the current will flow through the body. and electrical fires and protect against serious injury from electrical shock. Based on its core technology in ground fault sensing, products are designed to meet the needs of the consumer, commercial and industrial markets worldwide. The Company also supplies power monitors and control equipment used by the United States Military and its prime contractors. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement: Certain statements in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated. |
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