Agreement Further Strengthens Distribution Channel Within the UK and
Ireland
JERSEY CITY, N.J.--(BUSINESS WIRE)--
Bel Fuse Inc. (NASDAQ: BELFA) (NASDAQ: BELFB), a premier
developer of fuses and magnetic-based solutions for high-speed
networking and computer applications, announced today the signing of a
distribution agreement with UK-based Anglia Components, a leading
independent authorized distributor of semiconductors, optoelectronics,
interconnect, passive and electromechanical components. The contract
authorizes Anglia to distribute and market the full Bel portfolio of
circuit protection, magnetics and interconnect devices to OEMs
throughout the UK and Ireland. Notably included in the stocking package
are SMT chip fuses, and MagJack® integrated connector modules, which are
now offered online through Anglia Live (www.anglia-live.com).
Paul Ochmann, European sales and marketing director of Bel Fuse, stated,
"We are very pleased to add Anglia to our European distribution channel
as their broad customer base and reputation for unparalleled engineering
support, technical knowledge and logistical expertise makes them an
ideal partner. We view our distribution agreement with Anglia as a
terrific opportunity to increase our global market share while
simplifying the circuit protection, magnetics and interconnect product
sourcing process for OEMs in the UK and Ireland. We are confident that
this contract will prove extremely beneficial for everyone involved."
"The addition of Bel's full lines of circuit protection and Ethernet
connectivity devices to our line card of leading global manufacturers
supports our goal of becoming a single-source supplier for our UK and
Ireland customers," commented David Pearson, technical director of
Anglia. "We are committed to providing OEMs with the depth of inventory,
sourcing capabilities, superior customer service and pricing needed to
help Anglia's customers speed products' time-to-market. Our Field
Application Engineers have undergone extensive training on Bel's
components to ensure customers receive the utmost in local service and
support. We look forward to assisting Bel penetrate new markets and
increase sales for many years to come."
About Bel
Bel (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.
About Anglia
Anglia (www.anglia.com)
is the UK's leading independent authorized distributor of
semiconductors, optoelectronics, interconnect, and passive and
electromechanical components. The company is a signatory of the ADS SC21
programme and holds AS9120, ISO9001, ISO14001 accreditations and
IECQ-CECC qualification. Anglia's exceptional technical support spans a
fast sampling service, telephone advice from product specialists,
on-site visits from field applications engineers and, ultimately,
electronics design. An in-house team of designers adds expert resources
to customers' design teams helps reduce final product costs and
accelerates development times. Anglia stocks over 700 million components
from 500,000 product lines in the UK, streamlines its customers'
logistics, and reduces costs through KAN-BAN, EDI, and
customer-dedicated inventory.
Forward-Looking Statements
Except 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.
Investor Contact:
Neil Berkman Associates
(310) 477-3118
info@berkmanassociates.com
or
Company
Contact:
Bel Fuse Inc.
Mark Coggan
(858) 676-9650,
Ext. 104
Source: Bel Fuse Inc.
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