Microphonics and Tractech Enter Distribution Agreement
NASHVILLE, Tenn.--(BUSINESS WIRE)--Sept. 16, 1999--Microphonics (OTC Bulletin Board:MRPS - news; microphonics.com) is pleased to announce a distribution agreement with Tractech, Inc., a Delco-Remy
International, Inc., (NYSE:RMY - news) subsidiary.
According to the agreement, Tractech will have exclusive distribution rights in selected markets primarily in the construction, on-highway truck, and agricultural equipment arenas. The Ultraphonics Model 111RCK will be sold to these market segments through Tractech's own direct sales force of 34 sales personnel. Tractech has stated their goal of purchasing a minimum of several hundred Model 111RCK units over a 12 to 18 month period. Microphonics also anticipates that further purchases are possible during the agreement's term.
''We're very excited to be named as an exclusive distributor by Microphonics, Inc.,'' stated Tony Zampogna, Vice President of Sales and Marketing for Tractech, Inc. ''The equipment is so powerful that it should provide a major advantage to any repair facility or manufacturing plant. It's a real time saver when it comes to preventative or predictive maintenance and system diagnostics. In today's world of lean manufacturing, production and up time are
everything. This ultrasound equipment, along with the optional new accompanying software packages, enable you to diagnose and monitor a problem before it becomes a disaster. This association should certainly have a positive impact on both Microphonics and Tractech's continued growth.''
Myles Izikoff, Vice President of Sales and Marketing for Microphonics, Inc. adds, ''We are very pleased to add a quality distributor like Tractech to our ever-growing distribution network. One of our major strategic marketing goals continues to be to expand our distribution channels so that we can reach whole new customer segments. This agreement with Tractech moves us another major step forward in achieving that goal.''
Tractech has been manufacturing and supplying traction control systems to OEM's worldwide for over 60 years for a variety of on/off highway
applications, including light, medium, and heavy trucks, construction, forestry, agricultural, military, racing, and specialty vehicles. For more information on Tractech, Inc.: tractech.com
Delco-Remy International (NYSE:RMY - news) designs, manufactures and distributes electrical, power train/drive and related components for automobiles and trucks. The company's products serve both the aftermarket and the original equipment manufacturer market. For more information on Delco-Remy: delcoremy.com
Microphonics, Inc. is a leader in the design and manufacture of ultrasound preventive maintenance detectors, sensors, and software and has successfully installed its devices in dozens of companies in the automotive, oil, electric utility, trucking, and construction machinery industries.
For more information on Microphonics: microphonics.com
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as ''forward-looking statements'' for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67 and provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including ''anticipate,'' ''believe,'' ''intends,'' ''estimates,'' ''expects,'' and similar expressions. Microphonics cannot guarantee that agreements or contracts will be fulfilled by its customers or distributors. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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