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Press Release

04-Aug-2000, by David Stakun

AMI DODUCO Outlines
Growth Plan to Regional Leaders

SINSHEIM, Germany -- AMI DODUCO, a unit of Technitrol (NYSE: TNL), recently discussed plans to expand its component subassembly business with government, community and business leaders from the Sinsheim region, where the company produces subassemblies.

The goal of the AMI DODUCO plan is to double annual revenues from the subassembly business within the next four years by expanding product development, production and sales activities throughout Europe. Supporting this effort will be significant investments in additional plant capacity in Sinsheim and as well as an expansion of the work force from 160 current employees to approximately 260 eventually.

Representatives from the government, chamber of commerce, employment bureau and vocational training schools attended the briefing, and pledged their support of the plan, particularly in filling newly created positions in the expanding business. Component subassemblies consist of electrical contacts attached to precision-stamped metal parts, which are then overmolded or assembled in plastic. They are increasingly used in a variety of sensors, process control devices, and switches in autos, telecommunication equipment, appliances and consumer electronics.

“As manufacturers respond to demand for more product features and functions, component subassemblies present a significant growth opportunity for AMI DODUCO,” said Karl Heinz Funke, Senior Vice President, European Business Unit. “We appreciate the support of regional leaders in achieving our objectives. We believe this initiative creates not only growth for our company, but also high-value employment within the Sinsheim region.”

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 14 locations throughout North America, Europe and Asia.

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 annual report on Form 10-Q for the quarter ended March 31, 2000 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)."

 

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A Technitrol Company

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Phone: 724.733.8332
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