Jersey City, NJ [May 22, 2019] Bel Fuse Inc. (NASDAQ: BELFA and NASDAQ: BELFB) and leading global manufacturer of products that power, protect and connect electronic circuits, awards two leading distributors for exceptional sales, service and engagement.
Digi-Key Electronics was honored with the Bel Fuse Inc. Distributor of the Year Award, for the third consecutive year. Award criteria was based on, POS/POA growth, NPI engagement, and marketing co-op programs. “Bel is proud to have a great relationship with Digi-Key and honoring them with this award for three consecutive years is a testament to our partnership”. “On behalf of everyone at Bel, I want to thank Digi-Key for the continuous support and look forward too many years of sales growth”, said Dan Bernstein, CEO at Bel.
We are honored to receive this award as a key example of a partnership in which a strong team effort shows results," said David Stein, VP, Global Supplier Management at Digi-Key. "Our close relationship with the Bel team and their commitment to utilizing our NPI program and other global marketing efforts has allowed us to be on the forefront of allowing Digi-Key to assist in continued worldwide customer base expansion for the entire Bel product portfolio."
Andy Thomason-Supplier Director EMEA, Digi-Key, David Stein- VP-Supplier Management, Digi-Key, Pete Bittner-President, Bel Connectivity Solutions, Matt Nemec-Supplier Director, Digi-Key, Dan Bernstein-CEO, Bel, Dave Doherty-COO, Digi-Key, Dennis Ackerman-President, Bel Power Solutions & Protection, Chris Beeson-EVP. Sales & Development, Digi-Key
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.