APC-Novacom Latest News

Distribution Agreement Leads to Five New Lines for APC-Novacom
Advanced Power Components plc is pleased to announce that it has signed an agreement with Ceramic & Microwave Products (`CMP`), part of Dover Electronic Technologies, to act as distributor and representative for five electronic component and system manufacturers within CMP. Through its APC-Novacom unit, APC has been responsible for the sales of components manufactured by Dielectric Labs Inc. and Voltronics Corporation, which are part of CMP, for the last ten years. This addition of five other manufacturers offers APC-Novacom the opportunity of futher significant growth within the RF and Microwave sector.		About CMP CMP is a manufacturer of high-performance filters, switches, capacitors and related products used in engineered military, telecom, medical and industrial applications. CMP is owned by Dover Corporation a worldwide, diversified manufacturer providing innovative components and equipment, speciality systems and support services for a variety of applications in the industrial products, engineered systems, fluid management and electronic technologies markets.
Under the terms of the agreement, APC will establish exclusive relationships with Dow-Key Microwave, K&L Microwave and Pole/Zero Corporation. The agreements with Novacap and Syfer, whose product ranges extend outside RF and microwave, are non-exclusive. APC`s exclusive relationships with Dielectric Laboratories and Voltronics Corporation will continue. Mark Robinson, CEO of APC said: "We are delighted that we are now being appointed across more of the CMP businesses and we feel that this is testament to the success we have enjoyed in growing Dielectric Labs Inc`s business in particular over the last three years. Increasing our involvement with CMP will further enable us to expand the range of products we bring to market under the APC-Novacom brand." Steve Butcher, VP of Sales for CMP, said: "We have been very impressed by the technical capabilities demonstrated by APC-Novacom which have led to significant growth in the products they have been selling for CMP to date. We are confident that both organisations will benefit significantly by extending this coverage to include more of the CMP companies." CMP products are available in the UK through APC-Novacom.			Read more >...

Significant Order for APC Novacom
Advanced Power Components (AIM: APC), the UK specialist distributor and manufacturers’ representative of electronic components, is pleased to announce that it has received a significant order from Amplifier Technology Ltd, a wholly owned subsidiary of Wessex Technology Group Plc, for components designed into sophisticated electronic surveillance and counter measure subsystems, which provide protection for troops operating in conflicts around the world. These subsystems have been developed using state of the art components supplied by APC and are the result of a close technical working relationship between the two companies that has developed over the past two years. The Company anticipates that this will be the first of several contracts to be awarded as the technology is rolled out. Orders in the last six months for components used in this type of application have totalled more than $1,000,000. This represents a significant growth in APC`s RF and Microwave business secured through the acquisition of Novacom Microwave Limited in April 2008. Commenting on the contract, Simon Taylor, Group Managing Director of Amplifier Technology, said: "We are delighted with the support received from APC-Novacom. The technical support provided on these very advanced components has enabled us to produce a world leading range of power amplifiers, with levels of efficiency and power previously unavailable. This is the start of a significant relationship and we look forward to developing the business into something even more significant for both companies."   Mark Robinson, Chief Executive Officer of APC, commented: "This order underlines the value of the technical expertise APC has developed and our ‘design in’ approach.  Amplifier Technology Ltd is a key customer and it is clear that they are working at the cutting edge of technology and therefore value the detailed product knowledge we are able to provide.”   Enquiries: Advanced Power Components plc. 01634 290588 Mark Robinson, Chief Executive Officer. www.apc-plc.co.uk Amplifier Technology Ltd 08700 869941 Bruce Fullerton, Commercial Director www.wessextg.com/electronics.html Redleaf Communications. 020 7822 0200 Samantha Robbins / Anna Dunkin / Henry Columbine apc@redleafpr.com

15 April 2008 Advanced Power Components Acquisition of Novacom Microwave Ltd
Advanced Power Components plc (AIM: APC), a specialist distributor and manufacturers` representative of electronic components, today announces that it has acquired the entire issued share capital of Novacom Microwave Limited (“Novacom”), a distributor and manufacturers’ representative for RF and Microwave frequency electronic components, for a maximum total consideration of approximately £1.6 million cash. The consideration comprises approximately £400,000 for the estimated net assets, subject to adjustment for the actual value of the net assets on completion, and £700,000 for goodwill. In addition further payments of up to £500,000 will be made based on the pre-tax profit performance of Novacom during the 12 months following completion. Approximately £600,000 of the fixed consideration will be paid on completion, with the remainder to be paid in six equal quarterly payments over a period of 18 months. This acquisition will be earnings enhancing. Novacom operates within a highly specialised sector of the electronics market, complementary to that of APC, focusing on the defence and communications markets. Novacom has built an excellent reputation in this market sector operating a similar business model to APC, utilising a successful ‘Design In’ approach, following projects from initial design through to production, and providing customers and suppliers with an effective support capability. In addition, there is some commonality in the customer base that will offer design and cross-selling synergies from the combined product ranges. Novacom has a highly qualified sales team, with a number of individuals having extensive experience gained through senior positions at key RF and microwave organisations over the last 25 years. In Novacom’s audited results for the year ended 31 December 2007, the 14 strong Lincolnshire based company generated revenue of £2.3 million, with net profit before tax of £220,000. Mark Robinson, Chief Executive of Advanced Power Components, commented: “Novacom is an excellent fit with APC’s existing businesses. This acquisition introduces new products and expertise, broadening our offering to customers and addressing new specialist markets. The ‘Design In’ strategy common to both businesses has helped to maintain margins during what has been a difficult period for the electronics distribution industry and we look forward to reporting on the continued growth of the Company during the second half of our financial year.” Enquiries: Advanced Power Components plc. 01634 290588 Mark Robinson, Chief Executive Officer. www.apc-plc.co.uk Seymour Pierce. 020 7107 8000 David Newton Redleaf Communications. 020 7822 0200 Samantha Robbins / Anna Dunkin / Henry Columbine apc@redleafpr.com