April 5, 2011 (BELOIT, WI): Regal Beloit Corporation (NYSE: RBC) today announced
that it has acquired Ramu, Inc., a motor and control technology company headquartered
in Blacksburg, Virginia, backed by the venture capital firm Khosla Ventures.
Ramu, Inc. is a startup
company founded by Krishnan Ramu with a research and
development team dedicated to the development of switched reluctance motor
technology. Switched reluctance technology is a unique motor design that is suitable
for applications requiring improved operating efficiencies, high operating speeds or high
ambient temperature conditions. An additional strategic feature of switched reluctance
is that it does not utilize permanent magnet materials to create the operating torque of
Ramu, Inc.'s current management and technical leadership will continue to lead the
research and development efforts at Ramu, Inc., which will remain headquartered in
Blacksburg, Virginia. This team will be focused on expanding Ramu, Inc.'s current
portfolio of multiple patents and patent applications as well as integrating this
technology into Regal Beloit's broad motor portfolio for commercialization across
multiple Regal Beloit brands.
According to Henry W. Knueppel, Chairman and CEO of Regal Beloit, "We are very
excited to announce the acquisition of Ramu, Inc. The company's innovative and
talented R&D team is an important strategic addition to our global technical resources.
We see potential differentiated value for our customers if we are able to successfully
integrate this technology into our energy efficiency motor portfolio."
Ramu Inc.'s technology remains in the development stage, and its business historically
has not realized operating revenue.
About REGAL BELOIT CORPORATION:
Regal Beloit Corporation is a leading manufacturer of mechanical and electrical motion
control and power generation products serving markets throughout the world. Regal
Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service
facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal
Beloit's common stock is a component of the S&P Mid Cap 400 Index and the Russell
200 State Street
Beloit, WI 535116254
For Additional Information, Please Contact:
John M. Perino