Jersey City, NJ [May 28, 2020] Bel Fuse Inc. (NASDAQ: BELFA and NASDAQ: BELFB) and leading global manufacturer of products that power, protect and connect electronic circuits, recognizes a leading distributor with a partnership award. The award criteria is based on overall POS revenue growth, customer growth, NPI engagement, and marketing programs.
Bel is pleased to recognize Mouser Electronics as the Bel Fuse Inc Distributor of the Year, for the calendar year 2019. As a strategic partner, Mouser has been instrumental in growing sales and customer count across all Bel companies, globally. “On behalf of Bel associates, I congratulate Mouser for their continuous support, we thank them for their partnership and look forward too many more years of continued sales growth, said Dan Bernstein, CEO-Bel Fuse Inc.
Krystal Jackson, VP-Supplier Management, Mouser said, “we are greatly honored to be recognized by Bel for our performance. Mouser is committed to providing best-in-class service to customers, as well as our suppliers. We look forward to continuing our strong relationship with Bel.”
Traditionally these awards are presented at the EDS Summit in Las Vegas, NV. This year with the COVID-19 pandemic, Bel held virtual celebrations to congratulate the Mouser team.
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
Forward Looking Statements
Except for historical information contained in this press release, the matters discussed in this press release are forward looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results could differ materially from Bel's projections. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products; our ongoing evaluation of the consequences of the U.S. Tax Cuts and Jobs Act; the impact of changes to U.S. trade and tariff policies; and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward looking statements.
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