Magnetek, Inc. Announces New Radio Controls Business Development Manager
MENOMONEE FALLS, Wis. - March 16, 2011 - Magnetek, Inc., a leading provider of digital power and motion control systems used in overhead material handling, mobile hydraulic, elevator, and energy delivery applications, announced today that Don Schneider has joined the Company as Business Development Manager for Radio Controls. Don has over 14 years of experience in radio controls, including three years as radio controls product manager at Magnetek and most recently 11 years in radio control sales, research and development, and engineering management for Hetronic, Inc.
“We are extremely pleased to have Don back on the Magnetek team,” stated Ben Stoller, Magnetek’s Manager of Radio Controls. “His extensive radio control experience and applications expertise will be tremendously valuable to our customers.” Don will be responsible for managing the radio control sales operations for material handling and mobile hydraulic applications.
Magnetek has over 100,000 industrial radio control systems operating in overhead material handling and process control applications today. The Company is now leveraging its core wireless control technology to improve efficiency and enhance safety in the growing mobile hydraulic industry, serving applications such as tow trucks, cement trucks, boom trucks, truck cranes, concrete mixers, drill rigs, mining equipment and more.
In addition to being a leader in radio remote controls, Magnetek is North America’s largest supplier of digital drive systems for industrial cranes, hoists and monorails, and provides Energy Engineered™ drives, motors, and braking and collision avoidance subsystems to North America’s foremost overhead material handling crane builders. Magnetek is also the world’s largest independent builder of highly integrated digital motion control systems for high-rise, high-speed elevators. In energy delivery, the Company develops and markets digital power inverters that connect renewable energy sources to the utility grid, and is a leading independent supplier of digital motion control systems for underground coal mining applications. Magnetek is headquartered in Menomonee Falls, Wis. in the greater Milwaukee area and operates manufacturing facilities in Pittsburgh, Pa., and Canonsburg, Pa., as well as Menomonee Falls.
Director, Marketing Communications
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's anticipated financial results for its fiscal year ending July 3, 2011. These forward-looking statements are based on the Company's expectations and are subject to risks and uncertainties that cannot be predicted or quantified and are beyond the Company's control. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying these forward-looking statements. These include, but are not limited to, economic conditions in general, business conditions in material handling, elevator, mining, and alternative energy markets, operating conditions, competitive factors such as pricing and technology, risks associated with acquisitions and divestitures, legal proceedings and the risk that the Company’s ultimate costs of doing business exceed present estimates. Other factors that could cause actual results to differ materially from expectations are described in the Company's reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934.