 July 24, 2008 – Pulse, a Technitrol (NYSE: TNL) Company, a worldwide leader in electronic component and subassembly design and manufacturing, announced that it plans to increase prices of its components at least 10% worldwide, depending
on the product, due to the skyrocketing costs of sub-components, consumables, energy, and labor. Worldwide distribution prices were increased in July and direct customer notifications are under way.
“We are not alone in experiencing severe cost pressures in manufacturing and in needing to raise prices,” said Dan Jackson, vice president of worldwide sales. “Government-mandated wage increases, rising supplier costs, and well-publicized high fuel prices can no longer be absorbed. In the interest of our stakeholders, we must increase prices just to keep pace. Going forward, Pulse will closely monitor and match costs and pricing.”
About Pulse:
Pulse, a Technitrol (NYSE: TNL) Company, is a worldwide leader in electronic component and subassembly design and manufacturing. Pulse’s wide array of power and signal products are used in computer networking, as well as in communications, power conversion, defense, aerospace, automotive, acoustics, medical devices, and consumer electronics. With state-of-the-art custom designs and catalog products, Pulse is a complete source for electronic OEMs, contract manufacturers, and ODMs. Pulse is a participating member of IEEE, ATIS, ETSI, HDMI, the DSL Forum, CommNexus, and MoCA.
Cautionary Note: This message contains 'forward looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially. This release should be read in conjunction with the factors set forth in Technitrol's report on Form 10-Q for the quarter ended March 28, 2008 in Item 2 under the caption “Factors that May Affect Our Future Results (Cautionary Statements for Purposes of the 'Safe Harbor' Provisions of the Private Securities Litigation Reform Act of 1995. |
