EXPORT, PENNSYLVANIA - AMI DODUCO, a unit of Technitrol Inc (NYSE: TNL), announced that it has signed Electronic Sales & Engineering, Inc. (ESE) as a sales agency focused largely on the automotive market. AMI DODUCO, a global leader in electrical contact parts, views the automotive industry as a growth area for its products.
“We continue to witness strong growth in demand for automotive safety, comfort, and efficiency features,” said Gerry Gorman, President, AMI DODUCO. “We believe this will lead to increased demand for the switches, relays, sensors, and other products that use our electrical contact parts. In addition, we see a particular window of opportunity as many companies begin to redesign systems for the new 42-volt automotive standard. Although we have served a select group of automotive tier-one suppliers for many years, we believe that ESE will provide the additional market coverage needed to fully realize the opportunity”
AMI DODUCO’s products include electrical contact rivets, stamped metal contact parts, and insert-molded electrical contact components. The company, which also has manufacturing operations throughout Europe, is a significant supplier to European tier one automotive suppliers.
ESE is a leading sales agency headquartered in Indianapolis with particular focus on the automotive industry. Established in 1964, the company represents leading manufacturers of electronic and electrical components and sub-assemblies. ESE will represent AMI DODUCO in the key production states of Michigan, Indiana, Kentucky, and Tennessee, from six sales offices.
“We are delighted to represent a leading supplier such as AMI DODUCO,” said Bill Holland, Vice President of ESE. “They have a wide variety of capabilities and extensive knowledge of electrical contacts. In addition, they can offer the worldwide technical and manufacturing support that is demanded by our increasingly global customer base.”
Headquartered in Export, Pennsylvania, AMI DODUCO, a Technitrol Company (NYSE: TNL) is a global leader in electrical contact technology and fabrication. The company supplies contacts and assemblies, contact materials, thermostatic and laminated metal products, electroplating and surface treatment services, and precious metal refining and recycling to more than 3,000 customers. AMI DODUCO operates from 17 locations throughout North America, Europe and Asia. Its Web site is http://www.amidoduco.com
For more information about ESE, call 317-849-4260 or visit them at www.electronicsales.com.
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 June 29, 2001 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)."
