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Technology Stocks : International Rectifier (IRF)

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To: JakeStraw who wrote (1571)	11/15/2001 2:51:35 PM
From: JakeStraw	Read Replies (1) of 1712

International Rectifier Corporation and Mitsubishi Electric Engineering Company Ltd. Sign Development Agreement for Space-Level Power Systems biz.yahoo.com EL SEGUNDO, Calif.--(BUSINESS WIRE)--Nov. 15, 2001--International Rectifier, IR® (NYSE:IRF) and Mitsubishi Electric Engineering Company Limited (MEE) announced today that they will collaborate to develop, manufacture and sell integrated power solutions and turn-key power systems for space-level (high-reliability, or hi-rel) applications, such as communications and telemetry satellites. Alex Lidow, International Rectifier Chief Executive Officer, said, ``Both IR and MEE possess tremendous power management expertise for hi-rel applications. Our combined resources will create new and exciting solutions for next-generation space and defense systems.'' Seiji Wataya, Mitsubishi Electric Engineering Company President, said, ``The strengths of both companies will enhance and expand business and increase market share opportunities.''

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