Dr. Juan Luglio Joins Magnetek as Product Development Manager for Wireless Products
MENOMONEE FALLS, Wis. - September 18, 2006 - Magnetek, Inc. (NYSE: MAG) today announced that Dr. Juan Luglio has joined Magnetek's Power Control Systems group as Development Manager for Wireless Products. Dr. Luglio has worked in the microwave and RF electronic design industry for over 15 years and specializes in two-way telecommunications applications.
Prior to joining Magnetek, Dr. Luglio was Director of Hardware Engineering at Silver Spring Networks, Inc., a telecommunications company specializing in automatic meter reading over a two-way wireless network. He has also held positions at the Medical College of Wisconsin as a Microwave Engineer, and at Motorola as an RF Design Engineer. Dr. Luglio holds a PhD in Electrical Engineering from Marquette University.
The addition of Dr. Luglio is part of Magnetek's ongoing strategic growth initiative in new product development. The company is currently adding engineers in critical technology positions in power conversion, control, and wireless design. "Wireless control is an important strategic and growth opportunity for Magnetek," noted Bill Weber, Magnetek's Vice President of Product Development. "We are pleased that Dr. Luglio has joined us as we continue to expand our wireless product lines to meet the needs and enhance the success of our customers. His proven expertise in wireless technology and his leadership in similar growth ventures makes him an ideal addition to the Magnetek product development team."
Magnetek's Power Control Systems group, located in Menomonee Falls, WI, is a leader in digital power products and systems for the material handling, alternative energy, telecom, elevator, and mining industries. Magnetek employs approximately 1,700 people and operates manufacturing and research facilities worldwide. Magnetek, Inc. reported total revenue of $242 million for its 2005 fiscal year, ended July 3, 2005.
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding sales or and markets for its products and services, such as power conditioners for alternative energy sources such as solar arrays. These forward-looking statements are subject to a number of risks and uncertainties, many of which cannot be predicted or quantified and are beyond the Company’s control. Future events and actual results may differ materially from those set forth in, contemplated by, or underlying these forward-looking statements.