AMI DODUCO Offers Plastic Injection Mold Toolmaking to External Customers
PFORZHEIM, Germany--June 18, 2003--AMI DODUCO announced that it is expanding its plastic injection mold tool development capabilities to serve global manufacturing customers from its facility in Dorog, Hungary. The facility, established in 2000 to support AMI DODUCO's own production of plastic housings for component subassemblies, has been expanded to serve other manufacturers of automotive and telecommunications components, such as antilock braking system (ABS) sensors and mobile phone power supplies. Several major global automotive and telecommunications suppliers build these components systems in Hungary."Increasing our worldwide component subassembly business continues to be a key strategy at AMI DODUCO," said President Albert Thorp, III. "Outsourcing the production of these parts to us can significantly reduce a customer's time-to-market and help ensure end-to-end quality, by virtue of AMI DODUCO's uniquely comprehensive engineering and production capabilities. One way to showcase these competencies is to offer tool design and development. Our objective is to increase orders for the development and production of the systems themselves, from customers in Europe and beyond."
Headquartered in Export, Pennsylvania, AMI DODUCO, a Technitrol Company , is a global leader in electrical contact technology and fabrication. The company supplies contacts and assemblies, contact material, 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 locations in North America, Europe and Asia. The company's Web site is www.amidoduco.com.
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 report on Form 10-Q for the quarter ended March 28, 2003 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)."