Exhibit 99.1
1400 Union Meeting Road
Blue Bell, PA 19422
Phone: 215-619-2700
Fax: 215-619-7841
Contacts:
Ian Harvie of C&D: 215-619-7835
Joseph Crivelli of Gregory FCA, for C&D: 610-642-8253
FOR IMMEDIATE RELEASE
C&D TECHNOLOGIES NAMES NEIL E. DANIELS VICE PRESIDENT, CORPORATE CONTROLLER AND
TREASURER BLUE BELL, Pa.--October 16, 2006--C&D Technologies, Inc. (NYSE: CHP -
News), a leading global producer and marketer of electrical power storage and
conversion products used in telecommunications, industrial and motive
applications, announced that Neil E. Daniels has been named Vice President,
Corporate Controller and Treasurer.
Prior to joining C&D, Mr. Daniels held various positions with IKON Office
Solutions, the most recent being Vice President Operations, Finance. Prior to
IKON, Neil was employed as Assistant Global Controller with Quaker Chemical
Corporation.
Neil brings a background of over 16 years in the Finance sector and in his role
will be responsible for working with both of C&D's divisions in handling all
facets of today's complex finance and risk management areas that C&D is faced
with.
Forward-looking Statements:
This press release may contain forward-looking statements (within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934), which are based on management's current expectations and
are subject to uncertainties and changes in circumstances. Words and expressions
reflecting something other than historical fact are intended to identify
forward-looking statements, but are not the exclusive means of identifying such
statements. Factors that appear with the forward- looking statements, or in the
company's Securities and Exchange Commission filings (including without
limitation the company's annual report on Form 10-K for the fiscal year ended
January 31, 2006, or the quarterly and current reports filed on Form 10-Q and
Form 8-K thereafter), could cause the company's actual results to differ
materially from those expressed in any forward-looking statements made herein.
SOURCE C&D Technologies, Inc.
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About C&D Technologies:
C&D Technologies, Inc. provides solutions and services for the switchgear and
control (utility), motive (material handling), telecommunications, and
uninterruptible power supply (UPS) markets, as well as emerging markets such as
solar power. C&D Technologies engineers, manufactures, sells and services fully
integrated reserve power systems for regulating and monitoring power flow and
providing backup power in the event of primary power loss until the primary
source can be restored. Through our Power Electronics Division, we manufacture
and market custom, standard and modified-standard electronic power supply
systems, including DC to DC converters, for large OEMs of telecommunications and
networking equipment, as well as office and industrial equipment. The division
also manufactures power conversion products sold into military and CATV
applications as well as digital panel meters and data acquisition components.
C&D Technologies' unique ability to offer complete systems, designed and
produced to high technical standards, sets it apart from its competition. C&D
Technologies is headquartered in Blue Bell, PA. For more information about C&D
Technologies, visit http://www.cdtechno.com.
C&D(R) is a registered trademark of C&D Technologies, Inc.