Stewart Connector . October 08, 2020

Stewart Connector Announces International Traffic in Arms Regulations (ITAR) Certification

Glen Rock, PA, [October 08, 2020] Stewart Connector, a Bel group company, (NASDAQ: BELFA and BELFB) and world-class manufacturer of data communication connectivity is pleased to announce it has completed registration for compliance of International Traffic in Arms Regulations (ITAR) with the U.S. Directorate of Defense Trade Controls (DDTC) for its Glen Rock, Pennsylvania design and manufacturing facility. ITAR regulates the transfer of defense-related articles, information, manufacturing, services, and export.

Stewart Connector, an ISO9001:2015 certified company, can now offer its products and services to the aerospace, military, and defense industries. Available products and services include connector/cable assembly design, tooling, manufacturing, custom plastic, and stamped metal design, tooling, manufacturing, and value-added manufacturing.

Please contact your local Stewart Connector representative to review your ITAR product and service requirements.

About Bel

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 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.

Media Contact:
Audre Schneider 
audre.schneider@eu.cinch.com