SALEM, N.H.--(BUSINESS WIRE)--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.
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.