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Signal Transformer

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On December 16, 2002, Bel announced a definitive agreement to acquire the assets of the passive components business from Insilco Technologies, Inc. for approximately $35 million in cash and the assumption of certain liabilities. The agreement to acquire the assets of Insilco Technologies subsidiaries Stewart Connector Systems, Inc., InNet Technologies, Inc., and Signal Transformer Co., Inc., was approved by the United States Bankruptcy Court, District of Delaware on March 7, 2003. The transaction has closed and the acquired businesses now operate as Bel companies.

As an example of the increased diversification this brings to Bel's product line, the Signal Transformer acquisition adds a new market -- custom and high-frequency transformers -- and thousands of new customers to Bel's business. Additionally, Bel expects to leverage the well-established Signal Transformer brand name to develop a magnetics distribution business serving current customers who are looking for a "one-stop magnetics shop" specializing in lower-volume builds and orders."

About Bel
Bel (www.BelFuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, automotive and consumer electronics. Products include magnetics and connectors for voice and data transmission, fuses, DC/DC converters, delay lines and hybrid circuits. The Company operates facilities around the world.

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