Two Products from Standex and One from Meder Named Top 101 Components
for 2012
SALEM, N.H.--(BUSINESS WIRE)--Aug. 6, 2012--
Standex
International Corporation (NYSE:SXI) today announced that three of
its Standex Electronics Group’s products recently ranked among the top
101 components for 2012 according to Electronic Design, an
industry-leading trade journal with the highest circulation of any
design focused publication in the electronics market.
Based on Electronic Design web site page views and site visitors’
votes for their favorite components, two products from Standex
Electronics made the list, including Standex planar transformers at
number 21 and custom conductive fluid level sensors at number 47. The
MK27 magnetically activated reed sensor from Meder Electronics, which
was acquired by Standex in July 2012, was named number 68 on the list.
“It is exciting to see these three high-quality electronic components
voted among the industry’s best,” said John Meeks, President, Standex
Electronics Group. “Their ranking among the 101 favorite products of the
readers of Electronic Design demonstrates the strength of the
combined Standex and Meder product portfolio. The combination of Meder’s
reed switches, reed relays and reed sensors, coupled with Standex’s reed
switch, magnetics and sensor product lines provides the combined global
sales forces with a broader suite of products and technologies to
address our customers’ needs.1”
“The selection of these products also demonstrates the diversity of our
industry exposure as a combined company,” Meeks said. “Sensor products
such as Standex’s patented conductive fluid level sensor technologies
and Meder’s MK27 magnetically activated reed sensor/actuator solutions
are enabling both companies to achieve success in the automotive,
medical, consumer appliance and industrial markets.1
Our planar transformers, which have superior space saving and power
density properties, as well as our comprehensive portfolio of magnetic
components, are fueling growth for Standex Electronics in the military,
aerospace, alternative energy and power distribution sectors.1
In addition, by broadening our geographic coverage, the combination of
Meder and Standex Electronics has resulted in a global organization with
engineering capabilities and sales professionals close to the customer –
enhancing the collaborative development of customer driven engineered
solutions.”
About Standex Electronics Group
Standex
Electronics Group specializes in electro-mechanical engineered
solutions. It is a leading manufacturer of electronic components and
subassemblies including reed switches, electrical connectors, sensors,
toroids and relays, fixed and variable inductors and electronic
assemblies, fluid sensors, tunable inductors, transformers and magnetic
components. Its ATC-Frost Magnetics subsidiary designs and manufactures
a broad range of magnetic transformers for a variety of market sectors.
Its Meder Electronic subsidiary designs, manufactures and distributes a
broad offering of magnetic reed switch, reed relay and reed sensor
solutions. Standex Electronics provides custom solutions to customers in
many markets including aerospace, medical, industrial, automotive,
appliance, lighting, security and several green segments. The Standex
Electronics Group's headquarters is in Cincinnati, Ohio. The group has
facilities in Cincinnati, Ohio; Douglas, Arizona; Wareham,
Massachusetts; Singen and Grossbreitenbach, Germany; Tianjin and
Shanghai, China; Hong Kong; Sonora, Mexico; Kent, UK and Ontario, Canada.
About Standex
Standex
International Corporation is a multi-industry manufacturer in five
broad business segments: Food
Service Equipment Group, Engineering
Technologies Group, Engraving
Group, Electronics
Group, and Hydraulics
Products Group with operations in the United States, Europe, Canada,
Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa,
India and China. For additional information, visit the Company's website
at www.standex.com.
About Electronic Design
Electronic Design is a leading electronics industry trade
publication and the authority on emerging technologies for design
solutions.
1 Safe Harbor Language
Statements in this news release include, or may be based upon,
management's current expectations, estimates and/or projections about
Standex's markets and industries. These statements are forward-looking
statements within the meaning of The Private Securities Litigation
Reform Act of 1995. Actual results may materially differ from those
indicated by such forward-looking statements as a result of certain
risks, uncertainties and assumptions that are difficult to predict.
Among the factors that could cause actual results to differ are the
impact of implementation of government regulations and programs
affecting our businesses, unforeseen legal judgments, fines or
settlements, uncertainty in conditions in the financial and banking
markets, general domestic and international economy including more
specifically increases in raw material costs, the ability to substitute
less expensive alternative raw materials, the ability to continue to
successfully implement productivity improvements, increase market share,
access new markets, introduce new products, enhance our presence in
strategic channels, the successful expansion and automation of
manufacturing capabilities and diversification efforts in emerging
markets, the ability to continue to achieve cost savings through lean
manufacturing, cost reduction activities, and low cost sourcing,
effective completion of plant consolidations, successful completion and
integration of this acquisitions and the other factors discussed in the
Annual Report of Standex on Form 10-K for the fiscal year ending June
30, 2011, which is on file with the Securities and Exchange Commission,
and any subsequent periodic reports filed by the Company with the
Securities and Exchange Commission. In addition, any forward-looking
statements represent management's estimates only as of the day made and
should not be relied upon as representing management's estimates as of
any subsequent date. While the Company may elect to update
forward-looking statements at some point in the future, the Company and
management specifically disclaim any obligation to do so, even if
management's estimates change.
Source: Standex International Corporation
Standex International Corporation
Thomas DeByle,
603-893-9701
CFO
InvestorRelations@Standex.com
