| C&D Technologies, a producer of electrical power storage and conversion products, has made the decision to evaluate strategic alternatives for its Power Electronics Division, including the possible sale of the business. The Power Electronics Division is a manufacturer of dc-dc converters, ac-dc power supplies, digital panel meters, magnetic components and data acquisition devices. For the most recent fiscal year ended January 31, 2006 the Power Electronics Division reported revenues of $186 million. Dr. Jeffrey A. Graves, President and CEO of C&D Technologies, said, "… we believe that the evaluation of strategic alternatives for our Power Electronics Division is the right decision for our stockholders at this time." |