Magnetek, Inc. Hires New Senior Project Engineer
MENOMONEE FALLS, Wis. - December 2, 2008 - Magnetek, Inc., (NYSE: MAG), a leading manufacturer of digital power and motion control systems, today announced that Jeff Boris has joined the Company as a senior project engineer in their mining business unit. Boris has extensive experience with underground mining applications, including the engineering of a radio remote control tandem set of battery powered locomotives for the hard rock mining industry.
Boris comes to Magnetek from SAMINCO, Inc. where he worked with traction control drives as a special applications engineer. Prior to his experience at SAMINCO, Inc., Boris worked for Cattron-Theimeg as an applications engineer on their traditional radio remote control product lines and on the Accuspeed Locomotive project. He has also worked extensively in the metals industry. Boris received a Bachelor of Science in electrical engineering technology from the University of Dayton.
“We are very pleased that Jeff has joined Magnetek,” states Brad Taylor, Magnetek vice president of mining, service, and supply chain. “His engineering abilities and background will support our increased focus on growth opportunities in mining.”
Magnetek manufactures digital power and motion control systems used in material handling, people moving and energy delivery. The Company is headquartered in Menomonee Falls, Wis. in the greater Milwaukee area and operates manufacturing facilities in Pittsburgh, Pa, Canonsburg, Pa and Mississauga, Ontario, Canada as well as Menomonee Falls. On August 13, 2008, the Company reported revenues of $100 million for its 2008 fiscal year, which ended June 29, 2008.
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “believes,”“anticipates,”“expects,”“plans,” or “estimates” or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance or goals are also forward-looking statements. 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.