Bel Announces Opening of R&D Center in China
January 15 2014 - 9:00AM
Business Wire
Bel Fuse Inc. (NASDAQ:BELFA)(NASDAQ:BELFB) announced
today the opening of the company's newest R&D center, located
at its TRP Connector division in Changping, China.
Bel acquired TRP, formerly the Transpower magnetics business of
TE Connectivity, on April 1, 2013. "The TRP acquisition solidified
Bel's position as a world leader in integrated connector
modules-ICMs. We intend to build on our already strong position in
this important market. Accordingly, one of our first steps after
acquiring the Changping facility was to increase our investment in
R&D, with a major upgrade of the facility completed this month.
By advancing our technology, improving our product development
capabilities and shortening our response time, we expect our new
R&D facility to make an important contribution to our strategy
to increase Bel's growth and profitability in both the short and
long term," said Daniel Bernstein, Bel's President and CEO.
TRP's two story, 18,700 square foot R&D facility features a
new reception area for customers and suppliers, additional
engineering laboratories, meeting rooms and office space to
accommodate future expansion.
About BelBel (www.belfuse.com) and its divisions are
primarily engaged in the design, manufacture, and sale of products
used in networking, telecommunications, high-speed data
transmission, commercial aerospace, military, transportation, and
consumer electronics. Products include magnetics (discrete
components, power transformers and MagJack® connectors with
integrated magnetics), modules (DC-DC converters and AC-DC power
supplies, integrated analog front-end modules and custom designs),
circuit protection (miniature, micro and surface mount fuses) and
interconnect devices (micro, circular and filtered D-Sub
connectors, fiber optic connectors, passive jacks, plugs and
high-speed cable assemblies). The Company operates facilities
around the world.
Forward-Looking StatementsExcept for historical
information contained in this press release, the matters discussed
in this press release are forward-looking statements that involve
risks and uncertainties. Among the factors that could cause actual
results to differ materially from such statements are: the market
concerns facing our customers; the continuing viability of sectors
that rely on our products; the effects of business and economic
conditions; difficulties associated with integrating recently
acquired companies; capacity and supply constraints or
difficulties; product development, commercializing or technological
difficulties; the regulatory and trade environment; risks
associated with foreign currencies; uncertainties associated with
legal proceedings; the market's acceptance of the Company's new
products and competitive responses to those new products; and the
risk factors detailed from time to time in the Company's SEC
reports. In light of the risks and uncertainties, there can be no
assurance that any forward-looking statement will in fact prove to
be correct. We undertake no obligation to update or revise any
forward looking statements.
#4920
Investor Contact:Neil Berkman
Associates310-477-3118info@berkmanassociates.comCompany
Contact:Bel Fuse Inc.Daniel Bernstein, President &
CEO201-432-0463www.belfuse.com
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