Jul 11, 2007
BERWYN, Pa., July 11 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. (NYSE: TEL)(BSX: TEL) Chief Executive Officer (CEO) Tom Lynch will ring The Opening Bell(SM) today at the New York Stock Exchange, helping to usher in a new era for the company as an independent, publicly-traded entity. Tyco Electronics, recently separated from Tyco International, began trading under the ticker symbol TEL on a when-issued basis beginning June 14, 2007 - and commenced trading the regular way on the New York Stock Exchange on Monday, July 2, 2007. Lynch will be joined on the NYSE bell podium by Tyco Electronics' senior management team, with several outstanding employees from around the world joining from the trading floor of the NYSE and the company's global workforce linked in via live internal webcast to help commemorate the occasion.
Tyco Electronics' CEO Tom Lynch said, "This is an exciting day for our management team and for our nearly 100,000 Tyco Electronics employees around the world. This celebration at the New York Stock Exchange is an inspiring occasion to help rally employees around our new company and to help thank them for the great work they do - and will continue to do -- to serve our customers worldwide."
The company conducts its business through three primary operating segments:
Electronic Components is the world's largest supplier of passive electronic components, which includes connectors and interconnect systems, relays, switches, circuit protection devices, touch screens, sensors and wires and cable. Tyco Electronics' products are used primarily in the automotive, computer, consumer electronics, communication equipment, appliance, aerospace and defense, industrial machinery and instrumentation markets.
Network Solutions is a global supplier of infrastructure components for the telecommunications and energy markets. Its products include connectors, above- and below-ground enclosures, heat shrink tubing, cable accessories, surge arrestors, fiber optic cabling, copper cabling and racks for copper and fiber networks.
Wireless Systems is an innovator of wireless technology for critical communications, radar and defense applications. These products include radio frequency components and subassembly solutions, radar sensors, radio frequency identification components, microwave subsystems and land mobile radio systems and networks - sold primarily to the aerospace and defense, public safety, communication equipment and automotive markets.
Tyco Electronics also includes two other businesses which manufacture, distribute, maintain and install power systems and undersea telecommunication systems.
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions and wireless systems, with 2006 sales of US$12.8 billion to customer locations in more than 150 countries. Tyco Electronics designs, manufactures and markets products for customers in industries from automotive, appliances and aerospace and defense to telecommunications, computers and consumer electronics. With over 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is its customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
The Opening Bell(SM) is a service mark of the New York Stock Exchange.
SOURCE: Tyco Electronics Ltd.
CONTACT: Media Relations, Sheri Woodruff, +1-610-893-9555, Mobile:
+1-609-933-9243, email@example.com, or Investor Relations, John
Roselli, +1-610-893-9559, or Keith Kolstrom, +1-610-893-9551, all of Tyco
Web site: http://www.tycoelectronics.com/