Cinch Connectivity Solutions . June 02, 2020

Cinch Connectivity Solutions Awards Powell Electronics with the 2019 President's Award

Lombard, IL [June 2, 2020] Cinch Connectivity Solutions, a Bel group company, (NASDAQ: BELFA and NASDAQ: BELFB) and a global leader in delivering reliable connectivity solutions, awards Powell Electronics with the inaugural President's Award for the 2019 calendar year. The President's Award is given annually based on excellence in sales growth, service, customer satisfaction, and engagement.

Powell Electronics was presented Cinch Connectivity Solutions 2019 President's Award, recognized for exceptional POS growth, new design wins, and consistent engagement with Cinch field sales teams and independent manufacturer's reps across the country. "On behalf of Cinch, I want to thank Powell for the outstanding effort they put forth to insure our mutual success. Powell’s engagement with us was effective in all areas of our business throughout 2019 and highlighted by a very solid engagement with our field sales team which is paramount to new design opportunities and sale's growth,” said Pete Bittner, President Cinch Connectivity Solutions.

"It is a great honor to be recognized as Cinch's distributor of the year. Powell and Cinch work very well together because their high quality, high-performance connectors, and custom solutions are perfect for the Military, Aerospace, and harsh environment industries that we serve," said Ernie Schilling CEO of The Powell Group.

Traditionally, these awards are presented at the EDS Summit in Las Vegas, NV. This year, with the COVID-19 pandemic, Bel held virtual celebrations to congratulate the Powell team.

About Bel

Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military and aerospace, transportation and broadcasting industries. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.

Forward Looking Statements

Except for historical information contained in this press release, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies; capacity and supply constraints or difficulties; product development, commercializing or technological difficulties; the regulatory ad trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market’s acceptance of the Company’s new products and competitive responses to those new products; and the risk factors detailed from time to time in the Company’s SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward looking statements.

Media Contact:
Mary Benetti-Condon
mary.benetticondon@belf.com