Methode Electronics Unveils Mobile Technology & Design Center
October 16 2008 - 6:08PM
Business Wire
Methode Electronics, Inc. (NYSE: MEI), will be unveiling its Mobile
Technology & Design Center at the SAE International Convergence
Conference, which begins October 20 and ends October 22. Methode
will drive its Mobile Technology & Design Center (Booth #1439),
an 18-wheel semi trailer affixed with the latest Methode
technologies, into the exposition hall. Inside the truck are
interactive demonstrations of the technologies and examples of
current products. Attendees will have an up-close look at some of
Methode�s leading technologies that include: Methode�s Magna-lastic
Devices Incorporated (MDI) designs and manufactures non-contact
sensing systems. These sensing solutions are designed to enhance
automotive performance by providing a variety of operational
measurements including: torque, speed, linear position, load,
force, or any combination of these process variable measurements
simultaneously. Methode, with its partner Lumidigm, the world
leader in multispectral biometrics, is developing biometric
identity sensor and management technology. The biometric sensor
reads unique surface and subsurface characteristics of the finger
to recognize an individual and trigger any number of personalized
settings and functions in automotive applications. Multispectral
technology has been successfully deployed in industries ranging
from entertainment to banking and healthcare. Methode�s
Field-Effect� sensing technology from TouchSensor Technologies
operates by creating an electric field through a decorated control
panel. The technology, which replaces traditional switch
technologies, can sense through plastics, glass, leather, and a
variety of other materials. This technology also enhances the
ability to �deadfront� and/or provide backlighting to interface
panels. Methode�s power products offer solutions for a variety of
power distribution applications. With a global network of
full-capability design and manufacturing facilities, products
include machined, laminated and powder coated bus bars, extremely
flexible power cables, assemblies and termination hardware, very
low insertion force power connectors, pluggable rail bus bar and
cable connector systems and complete thermal management technology.
To see what Methode�s technologies can do for your applications,
please visit Methode�s Mobile Technology & Design Center at
Booth #1439. About Methode Electronics Methode Electronics, Inc.
(NYSE: MEI) is a global designer and manufacturer of
electro-mechanical devices with manufacturing, design and testing
facilities in the United States, China, Czech Republic, Germany,
Malta, Mexico, the Philippines, Singapore and United Kingdom. We
design, manufacture and market human machine interfaces, sensors,
and power distribution products employing mechanical, electrical,
electronic, wireless, optical, and software technologies to convey
information and control equipment/machine performance. Our business
is managed on a segment basis, with those segments being
Automotive, Interconnect, Power Products and Other. Our solutions
and components are in the primary end user markets of automotive,
transportation, appliance, consumer electronics, computer
information processing and networking, voice and data communication
systems, machinery and industrial equipment, mil/aerospace, and
medical. Further information can be found on Methode's Web site
www.methode.com Forward-Looking Statements This press release
contains certain forward-looking statements, which reflect
management�s expectations regarding future events and operating
performance and speak only as of the date hereof. These
forward-looking statements are subject to the safe harbor
protection provided under the securities laws. Methode undertakes
no duty to update any forward-looking statement to conform the
statement to actual results or changes in Methode�s expectations on
a quarterly basis or otherwise. The forward-looking statements in
this press release involve a number of risks and uncertainties. The
factors that could cause actual results to differ materially from
our expectations are detailed in Methode�s filings with the
Securities and Exchange Commission, such as our annual and
quarterly reports. Such factors may include, without limitation,
the following: (1) dependence on a small number of large customers
within the automotive industry; (2) rising oil prices could affect
our automotive customers future results; (3) the seasonal and
cyclical nature of some of our businesses; (4) dependence on the
automotive industry; (5) dependence on the appliance, computer and
communications industries; (6) intense pricing pressures in the
automotive industry; (7) increases in raw materials prices; and (8)
customary risks related to conducting global operations.
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