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Technitrol Agrees to Divest North American Electrical Contacts Operations

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^{Published in Science and Technology on Tuesday, December 22nd 2009 at 13:40 GMT by Market Wire}  

PHILADELPHIA--([ BUSINESS WIRE ])--Technitrol, Inc. (NYSE: TNL) announced today that the company has entered into a definitive agreement with Metalor Technologies International SA to sell the North American operations of AMI Doduco, its electrical contact products business. Terms of the transaction were not disclosed. The North American business comprises operations in Export, Pennsylvania, Luquillo, Puerto Rico and Mexico City. North American rivet production operations in Mexico will remain with Technitrol and be sold with the AMI Doduco operations in Europe and Asia.

"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)."

Technitrol will apply the net sale proceeds to reduce outstanding debt under its revolving credit facility. The transaction is expected to close in early January of 2010.

The transaction is part of Technitrol's overall plan to exit electrical contact products, now classified as discontinued for purposes of financial reporting, and transition to a single-segment company focusing solely on its core business – the design, manufacture and marketing of electronic components. The divestiture of AMI Doduco's operations in Europe and Asia, which will generate the majority of proceeds from the sale of the Electrical Contact Products Group, is progressing.

Based in Philadelphia, Technitrol is a worldwide producer of electronic components, electrical contacts and assemblies and other precision-engineered parts and materials for manufacturers in the wireless and wireline communications, military/aerospace, automotive and electrical equipment industries. For more information, visit Technitrol's Web site at [ http://www.technitrol.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 September 25, 2009 in Item 1a 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)."

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