COMPUTER PRODUCTS AND ANALOGIC ANNOUNCE HIGH DENSITY CONVERTER PARTNERSHIP
COMPUTER PRODUCTS AND ANALOGIC ANNOUNCE HIGH DENSITY CONVERTER PARTNERSHIP BOCA RATON, Fla., March 16 /PRNewswire/ -- Computer Products, Inc. (NASDAQ: CPRD), and Analogic Corporation (NASDAQ: ALOG), have announced a cooperative agreement to jointly pursue the high density converter (HDC) market. The worldwide HDC market is estimated at $3.8 billion with only about 2 percent currently served by the independent power supply manufacturers. Computer Products announced in January the introduction of its HDC product family, called BASIX (TM), that has been in design for the last two years.
Analogic has now joined forces with Computer
Products to accelerate the market penetration and to offer customers two manufacturing sources. Multiple sources are particularly important to the large OEM companies that represent the primary target market segment. Future design activities will be divided between the two companies and both will manufacture the BASIX product family. Each company will sell the HDC products directly, and there will be a long- term technology agreement with appropriate cross-licensing.
John N. Lemasters, Computer Products' chairman, president, and chief executive officer, stated, "We are pleased to have Analogic, one of the world leaders in analog design and manufacturing, join with us in the HDC market. This agreement enables both companies to cross- manage the manufacturing and to assure the highest quality standards are maintained. In addition, Analogic's technical expertise, coupled with our 20-year history in the power supply arena, will provide a very strong design capability for future developments in the HDC marketplace. Also, since competing with Analogic's founder and chairman Bernie Gordon early in my career, I have always looked for an opportunity to have this industry leader on my side." In 1992, the agreement specifically calls for Computer Products to continue its design, production and sales activity of the current discrete product. Meanwhile, Analogic will develop an integrated design of this product and place it in high-volume production. Both companies will collaborate on design of other products to enhance and broaden the HDC product line. Bernard M. Gordon, Analogic chairman, president, and chief executive officer, stated, "We are pleased to enter a cooperative relationship with Computer Products and to have an opportunity to contribute to the further development and volume manufacture of their state-of-the-art proprietary power conversion technology. We are confident that our respective capabilities will serve to make practical the availability of this rapidly evolving technology so that it may be universally applied in large volume across the wide spectrum of electronic products." Computer Products, Inc., headquartered in Boca Raton, Fla., is a multinational manufacturer of standard and custom-designed electronic products and subsystems for power conversion, industrial automation and other real-time systems applications. The company has operations in Pompano Beach, Fla.; Madison, Wis.; Boston, Mass.; Fremont, Calif.; Hong Kong and the Republic of Ireland. Analogic Corporation, headquartered in Peabody, Mass., is a leading designer and manufacturer of standard and custom designed OEM modules, instruments, and subsystems for industrial and medical applications. The company's primary manufacturing facilities are located in Peabody and Wakefield, Mass.; Hartland, Wis. (Camtronics subsidiary); and Shekou, People's Republic of China (Analogic Scientific). -0- 3/16/92 /CONTACT: John Lemasters of Computer Products, 407-451-1000; Bernard M. Gordon of Analogic, 508-977-3000; or Claudia Zaner, 212-237-2769, for Computer Products/ (CPRD ALOG) CO: Computer Products, Inc.; Analogic Corporation ST: Florida, Massachussetts IN: CPR SU: JVN
JJ-AW -- FL006 -- 8233 03/16/92 10:58 EST
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|Date:||Mar 16, 1992|
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