Power-One
Licenses Z-One® Digital Power Management Technology to Murata
Camarillo, CA – September 10, 2007 –
Power-One, Inc. (NASDAQ: PWER) announces that it has agreed to a
license transfer from C&D Technologies, Inc. to Murata Manufacturing
Company. The transfer of the license had been requested by Murata,
as part of Murata’s purchase of C&D’s Power Electronics
Division (PED). The sale was completed on August 31, 2007.
Under the terms of the license agreement, Murata
will now succeed C&D as licensee, and will join the Z-Alliance™.
Murata will manufacture Power-One’s product line and actively
promote the sale of Z-One compliant products.
“We are delighted to have Murata join the
Z-Alliance™ and be a licensee for the Z-One® digital power
management system,” said Bill Yeates, Power-One’s Chief
Executive Officer. “The acquisition of the PED group positions
Murata as one of the leading DC/DC converter companies in the world,
and their strong presence within the Asia/Pacific, Japanese, North
America and Europe regions makes them a very powerful Z-Alliance
partner.”
“We are confident that our customers will
welcome Murata as a respected and committed second-source addition
to the Z-Alliance. Murata is a top quality and respected company.
We continue to execute our strategy to provide our customers with
the highest quality products in the market. This addition of a powerful
Z-Alliance member and our recent 60-Amp ZY8160 product announcement,
which provides triple the output power range of previous digital
products, should continue to increase the adoption rate of our Z-One
products. Our presence within this market is becoming increasingly
powerful as we extend the reach of products developed as part of
the Z-Alliance. Our products have been in the market now for over
two years, while our competitors have yet to market any tangible
products.”
Dr. William Bachrach, General Manager of PED, who
will take on the role of President of Murata Power Solutions, commented,
“We are excited to continue our role as a member of the Z-Alliance,
and now bring even stronger worldwide support for the adoption of
Z-One products as Murata Power Solutions. Z-One capabilities for
advanced power system configuration and control, combined with an
easy to use graphical user interface, create an unbeatable technical
proposition. Growing support for the Z-Alliance, along with our
continued membership, create an unbeatable business proposition.”
About Power-One:
Power-One is a leading designer and manufacturer of power conversion
products sold primarily to OEM customers in the telecommunications
and server/storage markets; as well as data communications equipment
manufacturers. Power-One's high-reliability products are also used
in applications such as test equipment, high-end industrial applications,
and alternative energy. Power-One, with headquarters in Camarillo,
CA, has approximately 4,000 employees with manufacturing and/or
R&D operations in the United States, Dominican Republic, Italy,
Hungary, Switzerland, Slovakia, Ireland and China. For information
on Power-One and its products, visit the company’s Web site
at www.power-one.com.
About
Murata:
Based in Kyoto Japan, Murata Manufacturing Company Ltd is one of
the world’s leading providers of ceramic based components,
sensors, and integrated electronic modules including DC/DC converters
and AC/DC power supplies. Founded in 1950, the company has over
26,000 employees worldwide, and over $4.9 billion US in consolidated
annual sales (as of March 31, 2007). Murata’s Power supply
division is one of the world’s leading providers of AC/DC
and DC/DC power solutions, focusing primarily on the consumer, communications,
computing and industrial markets worldwide. Everywhere in the world,
wherever you can reach, Murata’s electronic components are
always at work. For more information about Murata, visit http://www.murata.com
|
|
