C&D Technologies Pan-Asian Distribution Agreement with Nu Horizons Extends Existing Relationship

Milton Keynes, United Kingdom – 4 September, 2003 - C&D Technologies has strengthened its support for ongoing growth in the Asian electronics sector with the signing of Nu Horizons Electronics Asia Pte Ltd. as a franchised distributor for the company’s Power Electronics Division. The new appointment - which extends an existing and successful relationship between the two companies in North America – reflects the importance of the demand creation distribution model in growing C&D’s sales in the region.

Under the terms of the new agreement, Nu Horizons will deliver and support C&D products across Asia from its offices in China, India, Korea, Malaysia, and Singapore. The distributor will offer the full C&D Technologies line-up of power supplies, DC/DC converters, and magnetic products for the telecommunications, office equipment, industrial automation and instrumentation markets.

Commenting on the agreement with Nu Horizons, Rob Hill, vice president EMEA/Asia Sales & Global Marketing for C&D’s Power Electronics Division, said: “The Nu Horizons demand creation model has led to a very successful partnership in the USA. This model, combined with an aggressive growth strategy in Asia, and excellent access to local CEMs, made the extension of the relationship the next logical step and we look forward to working with Nu Horizons across the region.”

Vick Aggarwala, president of Asia Pacific for Nu Horizons, added: “C& D’s wide product range and leadership in the power conversion market will further strengthen our Asian product portfolio. With our successful demand creation model, we will create more competitive and cost effective products with our customers to service the needs of our growing Asian customer base. With C&D and Nu Horizons global presence, we will be geared to provide seamless support to our customers globally.”

Editor’s Note
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 specialised 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.

Nu Horizons is a leading distributor of high technology active components, including analog, communications, discretes, optical, logic & peripherals, memory, microcontrollers, system on chip (SOC), board level and computer system products to a wide variety of commercial original equipment manufacturers (OEMs). With sales facilities in thirty-three locations across North America and Asia, Nu Horizons partners with a limited number of best-in-class suppliers to provide in-depth product and solutions expertise to its customers. Information on Nu Horizons and its services is available at http://www.nuhorizons.com

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.