|By Business Wire||
|May 21, 2014 03:17 PM EDT||
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."
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.
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.
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.
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