February 15, 2011 – PHILADELPHIA–(BUSINESS WIRE)– Pulse Electronics, (NYSE: PULS), a leading provider of electronic components, announced today it plans to increase prices for its components in the coming weeks.
“The price increases are necessitated by higher minimum wage rates that will take effect in many provinces in China in March, as well as rising costs for raw materials,” said Pulse Vice President of Sales Dan Jackson. “We have implemented higher pricing on select new quotes and contracts. We will also implement a broader price increase across most of our customer base and in our distribution channel in April.”
Separately, the Company is experiencing successful recruiting and return of labor in China following Chinese New Year. As such, Pulse anticipates its lead times will remain stable, provided raw materials remain available.
About Pulse Electronics Corporation
Pulse Electronics is the electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse has a long operating history of innovation in magnetics, antennas and connectors, as well as the ability to ramp quickly into high-quality, high-volume production. The Company serves manufacturers in the wireless and wireline communications, power management, military/aerospace and automotive industries. For more information, visit the Company’s web site at www.pulseelectronics.com.
This release contains statements that are “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Actual results may differ materially due to the risk factors listed from time to time in the Company’s SEC reports including, but not limited to, those discussed in the Company’s Form 10-Q for the quarter ended October 1, 2010 in Item 1a under the caption “Factors That May Affect Our Future Results (Cautionary Statements for Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995).” All such risk factors are incorporated into this report by reference as though set forth in full.