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Technology Stocks : American Power Conversion

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To: Gottfried who wrote (1761)9/10/1997 12:59:00 PM
From: Stephen Tomasetti   of 2574
 
Here is the actual press release:

Tuesday September 9 4:02 PM EDT

Company Press Release

Source: American Power Conversion

HP Selects American Power Conversion as Uninterruptible Power
Supply Vendor Of Choice For HP NetServer Systems

PALO ALTO, Calif. and WEST KINGSTON, R.I., Sept. 9 /PRNewswire/ -- Hewlett-
Packard Company (NYSE:HWP - news) and American Power Conversion (APC) (Nasdaq:APCC)
today announced that APC has been named the preferred uninterruptible power
supply (UPS) vendor for HP NetServer systems. As reported by International
Data Corporation, HP is the No. 2 PC-server vendor(1), based on worldwide
shipments in the first half of 1997.

``APC's Smart-UPS(R) products provide an outstanding solution for meeting power-protection needs for HP NetServer
systems,'' said Duncan Campbell, worldwide marketing manager of HP's Network Server Division. ``We selected APC
based on the reliability and manageability of its products and its extensive worldwide distribution and support capabilities.''

``APC is proud to expand our relationship with HP by offering HP NetServer system customers a selection of quality
power-protection solutions, enabling them to better manage their specific power needs,'' said Ed Bednarcik, general
manager of APC's Network Power Solutions Division. ``By supporting the HP NetServer line with APC's Smart-UPS
products, we are clearly offering customers 'best-of-breed' power-protection solutions.''

As part of the expanded relationship, the two companies intend to collaborate on future product development, with the
objective of providing industry-leading power-management capabilities on HP NetServer systems. The first output of this
relationship is a new family of rack-optimized UPS products, APC's Smart-UPS NS series. These products were
designed specifically for HP's recently announced rack-optimized HP NetServer LXr Pro system. The Smart-UPS NS
products have the same industrial design as the NetServer LXr Pro system; are fully compatible with the HP rack
environment; and can be integrated with HP's server management-tools, such as HP OpenView and HP NetServer
Assistant.

In addition to joint development activities, the two companies plan to work together on a range of marketing activities. HP
intends to participate in the ``ProtectME! With APC'' program, which includes advertising and channel promotions.

Today's announcement follows other recent announcements, which include APC assuming responsibility for support of
HP's former PowerWise UPS line and APC integrating its PowerNet Manager with HP OpenView Network Node
Manager.

The Smart-UPS NS series and APC's standard Smart-UPS products, which are recommended for other products in the
HP NetServer family, are sold and supported via APC's distribution channels and can be ordered immediately.

American Power Conversion is a leader in the designing, manufacturing, and marketing of power protection equipment,
including surge suppressors, uninterruptible power supplies (UPS), and power conditioning equipment and related
software for computer and computer-related equipment. APC reported sales of $707 million for the year ended
December 31, 1996. The company is headquartered in West Kingston, RI, and its products are distributed worldwide.

Product lines include: Back-UPS(R), Smart-UPS(R), Matrix-UPS(TM), Symmetra(TM) Power Array(TM),
PowerShield(TM) UPS, Line-R(TM) power conditioners, SmartSlot(TM) UPS accessories, MasterSwitch(TM) PDUs,
PowerChute(R) software, PowerNet(TM) SNMP adapters and software, SurgeArrest(R) surge suppressors,
ProtectNet(TM) data-line surge suppressors, PowerManager(TM) PowerCenters, and PowerAudit (SM) consulting.

American Power Conversion is an affirmative action/equal opportunity employer. (All trademarks are the property of their
owners).

Additional information about APC and its products can be found on the World Wide Web at apcc.com or by
calling 800-877-4080.

Hewlett-Packard Company is the official information-technology hardware and maintenance supplier to the 1988 World
Cup soccer tournament.

HP is a leading global provider of computing, Internet and intranet solutions, services, communications products and
measurement solutions, all of which are recognized for excellence in quality and support. HP has 114,600 employees and
had revenue of $38.4 billion in its 1996 fiscal year.

Information about HP and its products can be found on the World Wide Web at hp.com.

NOTE(A): November 1996 Commercial Systems and Servers 3Q PC Server Results by International Data Corporation.

SOURCE: American Power Conversion
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