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Bustronic
& TreNew Share Resources
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FREMONT, California, February 26, 2001 - Two of the most
esteemed backplane companies in their respective countries, Bustronic
and TreNew, will combine resources. Both companies are now a part
of the Elma Electronic group, a leading electronics design and
manufacturer headquartered in Wetzikon, Switzerland, and a member
of the Swiss Stock Exchange (SSE). Elma acquired TreNew, headquartered
in Germany, earlier this year. Bustronic, located in Fremont,
California, has been a member of the Elma group since 1997.
The two backplane companies will combine several facets of their
operations -- including production capabilities, engineering resources,
volume purchasing, and shared product lines.
"We are very excited about Elma's acquisition of TreNew"
commented Fred Hirsch, General Manager of Bustronic. "Bustronic
and TreNew have always been highly respected for technical expertise.
In sharing the two companies' innovations and resources, we will
become an even larger player in the marketplace."
The acquisition was officially completed on January 1 of 2001.
Over the next few months, the companies will work together implementing
the resource sharing plans.
"By combining resources, our customers will benefit from
the increase in cost savings, capacity, engineering resources,
and product selection," said Mr. Hirsch.
Headquartered in Pforzheim, Germany, TreNew has manufacturing
and engineering facilities in Germany, and a design center in
Romania. The company offers backplanes in CompactPCI, VME, VME64x,
VXI, and other bus structures, specializing in custom and telecom
applications. Other products and services include power supplies,
system accessories, and system integration. For more information
on these companies, visit their Web sites at www.bustronic.com,
www.trenew.com, and www.elma.com
About BUSTRONIC:
Founded in 1989, Bustronic specializes in the design and manufacture
of high-performance backplanes. Bustronic has a complete line
of industry-standard backplanes, including CompactPCI, VME, VME64x,
V320, H.110 CTEL, and VXI. Bustronic's custom design service combines
creative engineering, highly sophisticated computer simulation
and modern design techniques to offer customized backplanes that
meet the most specialized system requirements. A member of the
ELMA Electronic group, Bustronic is located in Fremont, California.
Bustronic is a member of PICMG™ and VITA and can be found
on the World Wide Web at www.Bustronic.com.
Company Contact:
Justin Moll, Bustronic Corporation
phone: 510.490.7388
fax: 510.490.1853
e-mail: jmoll@Bustronic.com
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