GALION, Ohio, April 4 /PRNewswire-FirstCall/ -- PECO II, Inc. , a full-service provider of engineering and installation on- site services and a manufacturer of communications power systems and equipment to the communications industry, announced today that Albert Chang of the Delta Group has joined the company's Board of Directors following the closing of its Delta transaction. Chang fills a vacancy on the 11-member board created by the resignation last August of Dr. Lucille G. Ford.
Separately, the company announced that Eugene V. Smith has resigned after 17 years of service on the board and that he was named an emeritus director.
Chang, 45, has been general manager of Power System Business Group II at Delta Electronics, Inc. since 2001. He is in charge of telecom power, Uninterruptible Power Systems (UPS), and networking power products and business at Delta Group. In that capacity, he is responsible for a $500 million business with multiple manufacturing sites and more than 4,600 employees worldwide.
"We welcome the distinct perspective that Mr. Chang brings to the PECO II board," said John Heindel, president and chief executive officer. "His direct involvement will assure that we take full advantage of the synergies of the Delta-PECO II alliance to become a leader in the global telecom power business.
"At the same time, we will miss the presence of Vic Smith, who has been directly involved in the strategic evolution of this company for the better part of two decades. We thank him for his many contributions and wish him the very best."
Smith, 83, has been the general partner of Shelby Horizons Ltd., a partnership involved in warehousing, since 1985, and has served as vice president of FVF, Inc., an agribusiness, since 1981.
On October 13, 2005, PECO II and the Delta Group signed a definitive agreement pursuant to which PECO II agreed to acquire exclusive rights to certain business and inventory for Delta Group's U.S. and Canadian Telecom Power Division in exchange for an equity position in PECO II that enables Delta to become PECO II's largest shareholder. Additionally, the transaction included the execution of a supply agreement that will allow PECO II to access Delta's substantial engineering capabilities and high-quality, cost-effective component manufacturing for its power systems.
About PECO II, Inc.
PECO II, headquartered in Galion, Ohio, provides engineering and on-site installation services and designs, manufactures and markets communications power systems and power distribution equipment. As the largest independent full-service provider of telecommunications power systems, the Company provides total power quality and reliability solutions, and supports the power infrastructure needs of communications service providers in the local exchange, long-distance, wireless, broadband and Internet markets. Additional information about PECO II can be found at http://www.peco2.com/.
About Delta Group
Delta Group is the world's number one provider of switching power supplies and a major source for power management solutions, components, visual displays, industrial automation, networking products, and new energy. Established in 1971, Delta Group has sales offices worldwide and manufacturing plants in Taiwan, Thailand, China, Japan, Mexico and Europe. As a global leader in power electronics, Delta is committed to protecting the environment and energy efficiency, and has implemented lead-free production and recycling and waste management programs for many years. Delta's mission continues to be: "To provide innovative energy-saving products for a better quality of life." More information about Delta Group can be found at http://www.deltaww.com/; for details about Corporate Social Responsibility, please visit http://www.delta.com.tw/environment/csr_main.asp
