North American distribution agreement gives Nu Horizons first power line

September 4, 2002, Tucson, Arizona – C&D Technologies has signed a North American distribution agreement with Nu Horizons Electronics Corp. under which the high-technology distributor will carry power and magnetics products from C&D’s Power Electronics Division. The new deal, which gives Nu Horizons its first power line, reflects the importance of the distribution channel in growing the Division’s sales.

Under the terms of the new agreement Nu Horizons will hold inventory and support the full C&D Technologies line-up of power supplies, DC-DC converters, and magnetics for the telecommunications, office equipment, industrial automation and instrumentation markets. Key factors behind the appointment of Nu Horizons were the distributor’s comprehensive coverage and proven technical design-in and support capabilities including a strong FAE program.

Commenting on the appointment of Nu Horizons, Brian Crowe, vice president of Global Sales and Marketing for C&D’s Power Electronics Division, said: “Nu Horizons is one of the USA’s premier demand creation electronics distributors. Through this agreement we can extend our technical sales presence in North America and further penetrate our target markets. The Nu Horizons focus on design generation, combined with C&D’s breadth of power products, is a very complementary fit for both companies.”

Dave Bowers, senior vice president of marketing for Nu Horizons, adds: “The addition of C&D’s AC-DC and DC-DC power solutions complements and strengthens our existing product portfolio and positions Nu Horizons with more complete solutions for our customers. Our strong presence with mid-tier and emerging customers will help C&D Technologies reach more accounts, while furthering our position in the communications, industrial and instrumentation markets.”

About C&D Technologies, Inc.
C&D Technologies, Inc. is a technology company that produces and markets systems for the power conversion and storage of electrical power, including industrial batteries and electronics. This specialized focus has established the company as a leading and valued supplier of products in three major categories - reserve power systems, electronic power supplies and material handling systems.
The Power Electronics Division of C&D Technologies, Inc. designs, manufactures and distributes AC to DC power supplies and DC to DC converters and offers these products in custom, standard and modified-standard variations. These products, which are built to exacting requirements in ISO9001-approved facilities, are typically used in telecommunications, computer and other high-tech products supplied by Original Equipment Manufacturers to a variety of customers worldwide.

About Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp., is a leading distributor of high technology active electronics, including semiconductors, sub-system and system products, to a wide variety of commercial original equipment manufacturers (OEMs) and EMS (Electronic Manufacturing Service) providers throughout North America. With sales facilities in twenty-six locations and logistics centers in four centralized locations throughout the globe, Nu Horizons partners with a focused number of the best-in-class suppliers to provide in-depth product and engineering expertise to its customers.

Except for historical information contained herein, the matters set forth in this news release are forward looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic component industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts and the financial strength of the Company's customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.