Netanya, Israel. April 2, 2008- Telkoor Telecom (TASE: TLK) the global provider of power supplies, for military, industrial and telecom applications today announced that its subsidiary in Israel, Telkoor Power Supplies Ltd. has entered into a non-exclusive manufacturing license & Sales agreement with Murata Power Solutions.
Under the terms of the agreement, Murata Power Solutions has rights to manufacture, modify and commercialize a portfolio of Telkoor designed power supplies This worldwide agreement granted by Telkoor expands Murata Power Solutions AC/DC product portfolio particularly in the area of low power AC/DC products as well as cPCI products. This agreement is aligned with Muratas overall strategy of providing the broadest possible range of power conversion solutions to its customers.
Under this agreement Telkoor will receive royalty payments based on global product sales made by Murata Power Solutions.
Commenting on the new agreement, Yossi Ben-Ami, President and CEO of Telkoor Power Supplies said: ““We are very excited with this agreement which attests to the continued expansion of the firms activities in the commercial high-grade field. With over three decades of experience in the military and commercial power electronics sectors, Telkoor has built-up a comprehensive and technologically advanced product range that will perfectly complement the portfolio of Murata to the benefit of customers worldwide. This agreement will further strengthen Telkoors industry-leading position and reputation for providing a comprehensive range of innovative power supply solutions.”
Commenting on the new agreement, Joe Ragno, Business Development Manager, Murata Power Solutions, said: “Telkoor has a proven track record for developing a broad range of advanced power products which perfectly address the low power AC/DC and cPCI markets. Consequently, this agreement will further strengthen Murata Power Solutions top five position in the power electronic industry.”
About Telkoor: Telkoor Power Supplies Ltd., a subsidiary of Telkoor Telecom Ltd. www.telkoor.com (TASE: TLK) is a market leader in high-grade power supplies for military and commercial applications. From its roots in the military and aerospace industries three decades ago, Telkoor has grown to encompass 140 employees. Its top-level design engineering teams continue to provide highly reliable industry-leading power density technology products. Flexibility, efficiency and technological innovation are at the core of the product offering. The company is a leading provider to the Fiber to the Home (FTTH), IP Television (IPTV), Worldwide Interoperability for Microwave Access (WiMax), Wi-Fi, Cellular base & micro base stations, Cable TV, Video on demand (VOD) and Intelligent Lighting applications and a market leader for CompactPCI (cPCI), Open-Frame, Front-Ends and Custom power supplies.
About Murata Power Solutions
Murata Power Solutions (www.murata-ps.com), is headquartered in Mansfield, Massachusetts, with over 1,300 employees, and locations in the USA, Canada, England, France, Germany, Tokyo and China. Murata Power Solutions designs, manufactures and distributes DC/DC Converters, AC/DC Power Supplies, Magnetics, Data Acquisition devices and Panel Meters, and offers these products in custom, standard and modified-standard variations. These products, which are built to exacting requirements in ISO9000:2000-approved facilities, are typically used worldwide within telecommunications, computing, industrial and other high-tech applications.
