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Pulse Electronics Confirms Receipt of Letter from Bel Fuse

^{Published on 2010-12-28 13:15:49 - Market Wire}
 

PHILADELPHIA--([ BUSINESS WIRE ])--Pulse Electronics Corporation (NYSE: PULS), a leading provider of electronic components, announced today it has received aletter from Bel Fuse Inc.indicating its intent to nominate three candidates for election to the Company's Board of Directors at the Company's 2011 Annual Meeting of Shareholders.

"Factors That May Affect Our Future Results (Cautionary Statements for Purposes of the aSafe Harbor"

The Company sought to acquire Bel Fuse, a competitor, in 2007, and the current nominations followed arecent communication from Bel Fuse expressing its interest in "restarting discussions about a potential business combination" and identifying a "friendly transaction" as the "preferred path forward." The Company had responded to Bel Fuse's expressed interest by indicating its willingness to meet to learn Bel Fuse's views.

The Company indicated that its Governance Committee will consider whether the Bel Fuse notice of nomination complies with applicable requirements of the Companya™s governing documents and the Securities and Exchange Commissiona™s regulations.

The Governance Committee intends to recommend to the Board for election at the 2011 Annual Meeting of Shareholders candidates whom the Committee believes will best serve the interests of all of the Company's shareholders.

The Company does not intend to comment further on these matters at this time.

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 October 1, 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.

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