Magnetek Material Handling Expands Product Configurator
MENOMONEE FALLS, Wis. - January 12, 2009 - Magnetek, Inc., (NYSE: MAG), a leading manufacturer of digital power and motion control systems for the material handling industry, today announced the addition of its line of SBP2 Series Pendant Stations to their online product Configurator, part of Magnetek Material Handling’s online customer pricebook. The SBP2 Series Pendant Stations are lightweight, pendant pushbutton stations that can be used in brutal industrial environments. These pendant stations can be customized to meet any application requirement.
“We are very excited to add SBP2 Series Pendant Stations to our online product Configurator,” said Maureen Krause-Piemeisel, electrification product manager for Magnetek Material Handling. “This will allow our customers to create a detailed quote when needed for an SBP2 Series Pendant Station configured to their exact specifications.”
Along with SBP2 Series Pendant Stations, the Configurator can also be used to generate a quote for the Company’s Electrobar® and standard festoon product lines, as well as their Mondel 200S Industrial Shoe Brakes and 300M Mill Duty Shoe Brakes.
Magnetek manufactures digital power and motion control systems used in material handling, people moving and energy delivery. The Company is headquartered in Menomonee Falls, Wis. in the greater Milwaukee area and operates manufacturing facilities in Pittsburgh, Pa.; Canonsburg, Pa.; and Mississauga, Ontario, Canada as well as Menomonee Falls. On August 13, 2008, the Company reported revenues of $100 million for its 2008 fiscal year, which ended June 29, 2008.
Director, Marketing Communications
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “believes,”“anticipates,”“expects,”“plans,” or “estimates” or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance or goals are also forward-looking statements. These forward-looking statements are based on the Company's expectations and are subject to risks and uncertainties that cannot be predicted or quantified and are beyond the Company's control. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying these forward-looking statements. These include, but are not limited to, economic conditions in general, business conditions in material handling, elevator, mining, and alternative energy markets, operating conditions, competitive factors such as pricing and technology, risks associated with acquisitions and divestitures, legal proceedings and the risk that the Company’s ultimate costs of doing business exceed present estimates. Other factors that could cause actual results to differ materially from expectations are described in the Company's reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934.