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Technology Stocks : Technitrol (TNL)
TNL 62.65-1.1%3:10 PM EST

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To: JakeStraw who wrote (50)11/11/2002 8:47:39 AM
From: JakeStraw  Read Replies (1) of 55
 
AMI DODUCO Signs Agreement with Chinese Circuit Breaker Producer
Monday November 11, 8:35 am ET
biz.yahoo.com
EXPORT, Pa.--(BUSINESS WIRE)--Nov. 11, 2002--AMI DODUCO, a Technitrol Company (NYSE:TNL), has signed an agreement with the CHINT Group Wenzhou, People's Republic of China, to supply silver graphite electrical contact tips for circuit breakers.
CHINT is China's largest producer of low voltage molded case circuit breakers and other electrical switching devices. Their IEC rated miniature circuit breakers are used in residential and non-residential construction. CHINT will specifically use AMI DODUCO contacts in its line of premium circuit breakers sold to the domestic Chinese market as well as export markets in Europe and other parts of the world.

AMI DODUCO will manufacture the electrical contacts at its facility in Tianjin, China. This facility produces a wide range of electrical contacts for use in automotive, appliance, industrial control, power distribution, and construction applications.

"CHINT is an important customer for us," said Albert Thorp, III, Chief Executive Officer of AMI DODUCO. "It has the largest distribution network and strongest brand name recognition within the Chinese market and is rapidly expanding its export business. They selected AMI DODUCO because of its reputation as a global supplier of the highest quality electrical contacts, excellent service and competitive pricing. We look forward to supporting the global growth of CHINT's high quality circuit breaker and industrial control products."
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