Emerson Network Power Forms New Embedded Computing Business
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Newly Acquired Artesyn Computing Products to Anchor New Business
GLOBALCOMM BOOTH # 10043
MADISON, WI. June 1, 2006 - Emerson Network Power (NYSE: EMR) today announced the formation of a new Embedded Computing business. The new business, anchored by newly acquired Artesyn Computing Products, will enable Emerson to offer more comprehensive, highly integrated platform solutions to telecom equipment manufacturers and network equipment providers looking to reduce development cost and time to market. Emerson will rebrand Artesyn Computing Products, referring to it as Emerson Network Power's Embedded Computing business.
The Embedded Computing business will build on Artesyn's pioneering work in the open architecture telecom platform industry. The new business will offer telecom components, blades, software, and systems to equipment makers in a broad range of telecom infrastructure applications, including network access, softswitches, signaling systems, and media gateways. These products, based on industry standards such as AdvancedTCA, AdvancedMC and MicroTCA, make it easier for Telecom Equipment Manufacturers (TEMs) and Network Equipment Providers (NEPs) to outsource their platform design and focus precious engineering resources on value-added applications and services.
"Artesyn's impressive track record as a provider of open architecture telecom solutions with specific expertise in emerging standards such as AdvancedTCA and MicroTCA make them a valuable addition to Emerson Network Power," said Jay Geldmacher, president of Emerson Network Power's Astec Power business, known for its embedded AC-DC and DC-DC power supplies, and the parent of the Embedded Computing business." The Embedded Computing business will build on Artesyn's system-level open architecture expertise, making Emerson even more attractive to leading NEPs who require a more complete solution ranging from embedded power supplies to climate controlled rooms."
"In today's highly competitive telecom infrastructure market, network equipment providers are outsourcing more and more of their platform design in order to contain cost, speed time to market, and focus on value-added applications and services. Emerson's broad product offering and open architecture approach makes it easier for NEPs to outsource their platform design and take advantage of low-cost, best-of-breed COTS technology," said Scott McCowan, president of Emerson Network Power's Embedded Computing business, and former president of Artesyn Computing Products.
About Emerson Network Power
Artesyn Computing Products has now become the Embedded Computing business of Emerson Network Power. Emerson Network Power, a business of Emerson (NYSE:EMR), is the global leader in enabling Business-Critical Continuity(TM). Preparing customers for high-stakes opportunities and threats, Emerson Network Power provides reliable power, precision cooling, connectivity and embedded computing solutions for IT, communications, healthcare and industrial systems. Backed by the largest global services organization in the industry, Emerson Network Power offers network reliability programs encompassing engineering, installation, project management and support services. For more information on the full spectrum of enterprise-wide solutions from Emerson Network Power, visit www.emersonnetworkpower.com.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2005 were $17.3 billion. For more information, visit www.gotoemerson.com.
Contact: Kimberly Anderberg
Emerson Network Power
Phone: (608) 831-5500
e-mail: kima@artesyncp.com
Mark Shapiro
Davis-Marrin Communications
858-573-0736
cell 619-249-7742
mshapiro@davismarrin.com
