MtronPTI Announces Agreement with Component Distributors, Inc.
June 01, 2010
Orlando, Florida – June 1, 2010
MtronPTI has entered into a distribution agreement with Component Distributors, Inc. Under this agreement, CDI will promote products from MtronPTI’s industry-leading portfolio of Frequency Control Products including a full suite of Oscillators and Filters for a wide array of markets including Telecommunications, Instrumentation, Military Communications, Avionics, Medical, Alternative Energy, and Industrial Controls.
CDI is a High Tech Electronics Distributor providing world-class service with a strong ability to support product demand. Their ability to capture new opportunities will create an exciting growth potential for CDI & MtronPTI into the future. Design and
Development Engineers at the OEM level require the latest technology no matter where in the world they are located.
“This latest partnership with CDI continues to position MtronPTI for further growth in the Military & RF Market that is driven to High Tech demand ” according to Leslie Jensen, WW Distribution Manager. “CDI will bring a focused distribution organization which will certainly compliment the existing market presence of MtronPTI. We are continuing to expand our channel focus to support customers by way of their preferred methods.”
John Willammee, CDI President & CEO comments:
CDI is excited to enter into a partnership with Mtron/PTI. Mtron/PTI has market leading frequency control and filter products, with a broad product line, excellent customer service and outstanding engineering design support. This partnership will allow CDI to provide a broad range of frequency control and filter solutions to our target markets. We are looking forward to a successful partnership, providing an opportunity for both companies to grow.
MtronPTI will continue to streamline its existing regional distribution network to offer the best possible services to all customers in the targeted markets.
MtronPTI is a leading designer and manufacturer of advanced, highly-engineered frequency control products and electronic filter products. The company specializes in developing custom products for advanced frequency control applications. It is based in Orlando, Florida, with design, sales and manufacturing locations in North America, Asia and Europe. MtronPTI is a subsidiary of The LGL Group. LGL is listed on the American Stock Exchange and traded under the symbol – LGL. View the MtronPTI website at www.mtronpti.com
Caution Concerning Forward Looking Statements
This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in LGL Group’s filings with the Securities and Exchange Commission.
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