Alpha Technologies Renews 3-Year Supply Agreement With Key Customer

    LOS ANGELES--April 16, 2002--Alpha Technologies Group, Inc. announced today that it has entered into a new OEM supply agreement with Harman International , a leading manufacturer of high-quality audio products and electronic systems for the consumer and professional markets. Under the contract, Alpha will be the sole source supplier of aluminum heat sinks for a variety of Harman International's automotive products. The contract, which extends through June 2004, has the potential to be the largest in Alpha's history. For Alpha's fiscal year ended October 28, 2001, the Company had sales to Harman totaling $6.2 million.
    Chairman and Chief Executive Officer Lawrence Butler said, "We are pleased by this vote of confidence from Harman International, which has long been one of our most important customers. We look forward to continuing to supply Harman with the highest quality thermal management products for automotive amplifier and other applications, and to expanding our business partnership with this key customer."

    About Alpha Technologies Group

    Alpha Technologies Group, Inc. is engaged in the manufacture, fabrication and sale of thermal management products and aluminum extrusions. The Company is one of the leading manufacturers of thermal management products in the United States. Thermal management products, principally heat sinks, dissipate unwanted heat generated by electronic components. The Company's thermal management products serve the automotive, telecommunication, industrial controls, transportation, power supply, factory automation, consumer electronics, aerospace, defense, microprocessor, and computer industries. The Company also sells aluminum extrusions to various industries including the construction, sporting goods and other leisure activity markets.

    Forward-Looking Statements

    This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.