C&D News

Micro-Tech Rankings Show Rise of Nine Places for C&D Technologies

Commitment to Power Industry and Recent Acquisitions Reflected in Ranking as North America's 4th Largest Power Supply Manufacturer and World's #2 DC/DC Converter Supplier

TUCSON, Ariz., May 19 /PRNewswire-FirstCall/ -- C&D Technologies (NYSE: CHP) has re-affirmed its role as one of the world's leading power supply companies by jumping nine places in the annual Micro-Tech Consultants Top Power Supply Manufacturer's List. The latest data compiled by the analyst ranks C&D Technologies as North America's fourth largest power supply manufacturer in North America, and as the world's second largest supplier of DC/DC converters.

"The new data clearly places us in the top tier of global manufacturers of power supplies and DC/DC converters," comments JD Johnson, the vice president and general manager of C&D's Power Electronics Division. "Our commitment to the power industry is reflected in the acquisitions that we have made in recent years. These acquisitions have not only helped us to secure our top tier ranking, but have allowed us to provide customers with a broad product line and economies of scale that cannot be found elsewhere in the fragmented power industry."

Mohan Mankikar, the editor of the Micro-Tech Consultants newsletter in which the latest rankings were published, adds: "C&D's ambitious acquisition strategy has paid dividends by giving them the scale needed to become a top tier power supply manufacturer."

The Top Power Supply Manufacturer's List is prepared annually by Micro- Tech Consultants using a combination of extensive interviews, published data, and the analyst's own estimates.

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.

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, 2005, or the quarterly and current reports filed on Form 10-Q and Form 8-K 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.

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