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C&D News
C&D Technologies, Inc. to License Power-One
Z-One(TM) Digital Intermediate Bus Architecture Technology
BLUE BELL, Pa., Dec. 13 - C&D
Technologies (NYSE: CHP) has reached an agreement in-principle to
license Z-One(TM) Digital Intermediate Bus Architecture (IBA) technology
from Power-One (Nasdaq: PWER). Under the terms of the agreement,
C&D Technologies Power Electronics Division will be authorized
to incorporate the "Z" technologies in the designs of
its broad range of power conversion products.
For standard products, C&D intends to design,
manufacture, and market Z-One(TM) Digital IBA compliant power systems
which include point of load converters that are virtually identical
to those of Power-One. Customers will now have more than one source
of supply, making the Z-One technology available to a broader array
of companies across a more diverse range of markets, which should
accelerate adoption of the Z-One technology.
Discussing the agreement, James D. Johnson, Vice President
and General Manager of the Power Electronics Division within C&D
Technologies, commented, "We are pleased to join with Power-One
and be part of the open source Z-One architecture. Power system
management is one of the most important functions in power design,
and the Z-One power architecture provides important advantages in
this area. This technology is the only known digitally integrated
power system, and allows designers to achieve a new level of power
system integration. The Z-One power system addresses both power
conversion and power management, with key features including up
to a potential 90% reduction in design time, components and PCB
traces. Further, we intend to leverage the technology to develop
custom DC/DC and AC/DC solutions for our customers."
Steve Goldman, Power-One's Chairman and CEO, adds,
"With the recent acquisitions of Datel and the former Power
Systems Division of Celestica, Inc., C&D Technologies is now
one of the major companies in the DC/DC power market. Its global
customer base, leadership and vision are expected to help propel
the Z-One power system into many different markets throughout the
world, while allowing C&D to share in the benefits of the industry's
first open-architecture power management solution."
The "Z" architecture and power management
allow key power system components to communicate with each other
enabling monitoring and reporting while providing the ability to
make power system changes rapidly. Customers can use these unique
features and functionality of this system to provide a competitive
advantage for their products.
Mr. Goldman concludes: "We are extremely pleased
to be able to announce this agreement-in-principle so soon after
production release. Our licensing strategy has been to wait until
production-qualified products were available, rather than forming
alliances based on yet-to-be defined protocols and product specifications.
We developed a standard protocol over two years ago and believe
that our technology is ahead of our competition by about that amount
of time. During this period we have aggressively pursued and protected
our expanding intellectual property and these efforts have begun
to bear fruit as the U.S. Patent Office has issued patents covering
our technology."
Editor's Note
C&D Technologies, Inc. is a technology company
that produces and markets systems for the conversion and storage
of electrical power, including telecom/industrial batteries, rectifiers
and electronics. This specialized focus has established the company
as a leading and valued supplier of products in two major categories
- reserve power systems and electronic power supplies. Corporate
headquarters are in Blue Bell, Pennsylvania, USA and the company
is traded on the NYSE under the symbol "CHP."
The Power Electronics Division of C&D Technologies,
Inc. has its headquarters in Tucson, Arizona, USA, with manufacturing
in the USA, Mexico, UK and China plus sales locations in the USA,
UK, France, Germany, China and Japan. The division designs, manufactures
and distributes DC/DC converters, AC/DC power supplies and magnetics,
and offers these products in custom, standard and modified-standard
variations. These products, which are built to exacting requirements
in ISO9000:2000-approved facilities, are typically used worldwide
by Original Equipment Manufacturers (OEMs) within telecommunications,
computing, industrial and other high-tech applications.
In 2004 the product portfolio as well as the global
design and manufacturing capabilities of the Power Electronics Division
were significantly enhanced as a result of three acquisitions. In
May 2004, C&D acquired UK-based Celab Limited, a designer and
manufacturer of power conversion products for military, cable television
and high-end telecommunications applications. In June 2004, the
company acquired Datel, Inc., a US-based producer of medium-power
DC/DC converters, data acquisition products and digital panel meters.
In September, C&D completed the acquisition of CPS, the former
Power Systems Division of Celestica, Inc., a Canadian manufacturer
of DC/DC and AC/DC power supplies.
About Power-One, Inc.
Power-One is one of the largest manufacturers of power
conversion products in the world and is listed in the S&P 500.
Products are sold to telecommunications and Internet service providers
and equipment manufacturers. Power-One, with headquarters in Camarillo,
CA, has global sales offices and manufacturing and R&D operations
in China, Dominican Republic, Ireland, Norway, Slovakia, Switzerland,
and the United States.
For more information, please visit http://www.power-one.com.
Power-One products are not designed, intended for use in, or authorized
for use as critical components in life support systems, equipment
used in hazardous environments, or nuclear control systems without
the express written consent of the respective divisional president
of Power-One, Inc. The appearance of products, including safety
agency certifications pictured on labels, may change depending on
the date manufactured. Specifications are subject to change without
notice.
This press release may contain forward-looking statements
(within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934) which are
based on management's current expectations and are subject to uncertainties
and changes in circumstances. Words and expressions reflecting something
other than historical fact are intended to identify forward-looking
statements, but are not the exclusive means of identifying such
statements. Factors that appear with the forward-looking statements,
or in the company's Securities and Exchange Commission filings (including
without limitation the company's annual report on Form 10-K for
the fiscal year ended January 31, 2004, or the quarterly reports
filed on Form 10-Q thereafter), could cause the company's actual
results to differ materially from those expressed in any forward-looking
statements made herein.
SOURCE C&D Technologies, Inc.
Shareholder Contacts: Stephen E. Markert, Jr. of
C&D Technologies, +1-215-619-7835; or Joseph Crivelli of Gregory
FCA, for C&D Technologies, +1-610-642-8253
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