CARROLLTON, Texas, Feb 12, 2008 (BUSINESS WIRE) -- Universal Power Group, Inc. (AMEX: UPG: 3.40, -0.05, -1.44%), a leading provider of third-party logistics and supply chain management services, and a global distributor of batteries, security products and related portable power products, announced today that it has entered into a manufacturing and sales agreement with Amphenol - Tuchel Electronics ("Amphenol";), a division of Amphenol Corporation, under which Amphenol will design, develop and manufacture connectors for UPG's line of sealed lead-acid ("SLA") batteries.
The Amphenol connectors will be sold under the UPG UNIVERSAL(TM: 113.25, -2.75, -2.37%) brand. Outfitting UPG's SLA batteries with these connectors is expected to reduce the risk of injuries resulting from improper installation of batteries, as the connectors eliminate the need for specific tools typically required to remove and install the batteries. In addition, they will reduce the time required to change out the batteries. SLA batteries are used in a broad spectrum of markets, including automotive, marine, security, consumer electronics, electric wheelchairs and other mobility items. Under the agreement, UPG will be the exclusive provider of Amphenol connectors to the wheelchair and medical mobility markets during the base term. The base term is three years and the agreement is renewable for successive one-year terms.
Randy Hardin, President & CEO of UPG, stated, "We are very excited about this partnership with Amphenol, one of the largest manufacturers of interconnect products in the world. Standard SLA batteries currently sold into the medical mobility market require specific tools in order to safely change out the batteries. By outfitting our batteries with Amphenol customized connectors, the risk of injury and installation time is significantly reduced, as the connectors enable a technician or even a layperson to properly change out batteries without the use of tools. By marketing our batteries with customized connectors to leading medical mobility providers, we believe we have the opportunity to differentiate and strengthen the UPG brand name in the important medical mobility market."
Ken Beller, General Manager of Amphenol's North American Automotive Division, stated, "We believe that the medical mobility market currently lacks a solution to safely change out batteries, which can lead to injuries for the end-user. Our customized connectors, which will be marketed alongside UPG's SLA batteries, should address the need in the marketplace for improved product safety. Since a reputation for quality and safety will be critical in the success of these value-added connectors, we are pleased to partner with a highly regarded firm such as Universal Power Group."
About UPG
UPG (www.upgi.com) is a leading provider of third-party logistics and supply chain management services and a global distributor of batteries, security products and related portable power products to various industries. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment, and value-added services such as sourcing, custom battery pack assembly, coordination of battery recycling efforts, kitting and product development. UPG's range of product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, cellular and Bluetooth accessories, related portable power products, 12-volt DC accessories, and security products.
About Amphenol
Amphenol Corporation (NYSE: APH: 37.57, -0.03, -0.07%) is one of the world's leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol's products are engineered and manufactured in the Americas, Europe, and Asia and sold by a worldwide sales and marketing organization. Amphenol has a diversified presence as a leader in high growth segments of the interconnection market including: Military, Commercial Aerospace, Automotive, Broadband Communication, Industrial, Information Technology and Data Communications Equipment, Mobile Devices and Wireless Infrastructure.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes,"; "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
SOURCE: Universal Power Group, Inc.
Investors:
Universal Power Group, Inc.
Mimi Tan, 469-892-1122
tanm@upgi.com
or
Cameron Associates
Amy Glynn, CFA, 212-554-5464
amy@cameronassoc.com
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