Technitrol Announces Name Change to Pulse Electronics Corporation
PHILADELPHIA--([ BUSINESS WIRE ])--Technitrol (NYSE:TNL) announced today it has changed its name to Pulse Electronics Corporation. In connection with the name change, the Company will change the ticker symbol for its common stock listed on the New York Stock Exchange to aPULSa from aTNLa and has changed its web site URL to[ www.pulseelectronics.com ]. The Companya™s stock will begin trading under the new name and new ticker symbol at the start of trading on Monday, November 15, 2010. In the interim, the Company will continue to trade under the aTNLa ticker.
"Factors That May Affect Our Future Results (Cautionary Statements for Purposes of the aSafe Harbor"
aPulse Electronics Corporation reflects our focus as a pure-play electronic components provider,a said Interim Chief Executive Officer Drew Moyer. aOur new name unites our corporate and operational identities and is reinforced by the actions we are taking to integrate the holding company and our operations into a single company. Pulse Electronics is the electronic components partner that helps customers build the next great product by providing the needed technical solutions.
aWe are simplifying our organizational and business structure to leverage our demonstrated design engineering and high-volume manufacturing expertise. We will capitalize on the strong growth opportunities in the network, wireless and power markets we serve. As the world continues to demand more robust networks, enhanced Internet capabilities, broader wireless connectivity and more efficient power usage, we stand ready to serve our customers and create value for our shareholders as one, unified electronic components leadera"Pulse Electronics Corporation.a
The Company also launched a new web site available at [ www.pulseelectronics.com ] and introduced a new logo. The new web site will further integrate the corporate and operating companies, as well as provide a single presence to customers, shareholders and other key stakeholders. The new logo builds on the strong brand awareness of the previous Pulse Engineering logo, while modernizing the image and providing a clean, go-forward identity.
As previously communicated, the Company will release financial results for its third quarter today after the market close and conduct a conference call at 5 p.m. Eastern. The conference call will be available via telephone and the Internet. The dial-in number is 412-858-4600. A link to the earnings press release, the Internet web cast and slide presentation will be available on [ www.pulseelectronics.com ].
Both Technitrol and Pulse Engineering have a long history as suppliers to leading electronics companies. Technitrol was founded in 1947 and held the first patent for a magnetic drive. Pulse Engineering was founded in 1956 and has a proud tradition in magnetics and other electronic components. Technitrol acquired Pulse Engineering in 1995 and subsequently operated Pulse as a business unit.
About Pulse Electronics Corporation
Pulse Electronics is the electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse has a long operating history of innovation in magnetics, antennas and connectors, as well as the ability to ramp quickly into high-quality, high-volume production. The Company serves manufacturers in the wireless and wireline communications, power management, military/aerospace and automotive industries. Previously, the holding and operating companies were known as Technitrol, Inc. and Pulse Engineering, Inc., respectively. For more information, visit the Companya™s web site at [ www.pulseelectronics.com ].
This release contains statements that are aforward-lookinga within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Actual results may differ materially due to the risk factors listed from time to time in the Companya™s SEC reports including, but not limited to, those discussed in the Companya™s Form 10-Q for the quarter ended June 25, 2010 in Item 1a under the caption aFactors That May Affect Our Future Results (Cautionary Statements for Purposes of the aSafe Harbora Provisions of the Private Securities Litigation Reform Act of 1995).a All such risk factors are incorporated into this report by reference as though set forth in full. This report should be read in conjunction with Item 1a of the Form 10-Q report.
Copyright © 2010 Pulse Electronics Corporation. All rights reserved. All brand names and trademarks are properties of their respective holders.
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