Jersey City, NJ [January 16, 2019] Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB) the leading global manufacturer of products that power, protect and connect electronic circuits, was awarded the SPDEI trophy at the annual Automobile Club de France, December 8, 2018 in Paris, France.
Component manufacturers were rated on 5 criteria: partnership with the distributor, innovation, price, quality and durability of product, resources allocated to support the distributor and protection of designs. Trophies were awarded to 25 manufacturers, in 9 categories, in which Bel Power Solutions was one of the winners in the Energy (power supply, inverter, batteries) category.
“Bel is focused on its distribution network, and over the last several years has committed time and resources into developing this vital sales channel”, said Andy Jones-European Distribution Manager, Bel. “It gives us great pleasure to receive both the award and the recognition for our efforts from our partners, and we look forward to future success with all our distributors in France”.
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
Except for historical information contained in this press release, the matters discussed in this press release are forward looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results could differ materially from Bel’s projections. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market’s acceptance of the Company’s new products and competitive responses to those new products; our ongoing evaluation of the consequences of the U.S. Tax Cuts and Jobs Act; the impact of changes to U.S. trade and tariff policies; and the risk factors detailed from time to time in the Company’s SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statements.