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FOR MORE
INFORMATION CONTACT:
Bob Murray
VP Communications
office818.704.0733
Mobile 213.200.7606
bmurray@magnetek.com
FOR
IMMEDIATE RELEASE
New
Digital Elevator Drive System Passes Major
Milestone
Los Angeles,
CA, September 19, 2005 — Magnetek,
Inc. (NYSE:MAG) today announced that it
has reached a major milestone in the development
of its new family of elevator drives.
The revolutionary Quattro(TM) drive system
has been performing flawlessly in a KONE
Inc. elevator test facility in Moline, IL,
thus passing a major milestone in its rise
to commercialization. Magnetek patented
hardware and software allow the Quattro
drive system to control both direct-current
(Dc) and alternating-current (Ac) motor-driven
elevators.
The new drive system's
digital technology also enables elevators
to regenerate almost as much power when
they descend as they consume when they ascend,
virtually pumping electricity back into
the building mains and the utility grid.
This regenerative feature saves considerable
energy, cutting building owners' operating
costs substantially. Designed-in harmonic
filters prevent electromagnetic interference
from affecting other building systems, adding
the Quattro drive system's environmental
and economic advantages.
Quattro provides in one
compact unit all of the subsystems necessary
to control total elevator motion, damping
out sideways sway and jitter as well as
vertical bounce. Together with its
universal Ac/Dc drive capability, this saves
elevator builders and contractors manufacturing
and retrofit time and money, while assuring
building owners of stable, comfortable elevator
rides for their patrons.
The Quattro family is
the latest generation in Magnetek's long
lineage of elevator drives dating back over
25 years. Magnetek pioneered the application
of solid-state drives to elevators in the
1980s. Today, three generations of
Magnetek Ac drives and digital field regulators,
and thousands of the Company's analog and
digital Dc direct drives power elevators
on six continents. Most of the world's
tallest buildings utilize Magnetek drive
systems on their highest speed cars.
Magnetek estimates that
the total market for high-performance elevator
drive systems exceeds $60 million annually.
For more information
on Magnetek elevator products visit
www.elevatordrives.com.
Magnetek, Inc. manufactures
digital power products for industrial automation,
communications, information technology,
consumer products, alternative energy, power
generation, transportation, and other applications
requiring highly reliable, precise, energy-efficient
power. The Company operates manufacturing
and research facilities in North America,
Europe and China employing over 1,700 people,
and reported total revenue of $242 million
for its 2005 fiscal year, which ended on
July 3, 2004.
KONE Inc., with U.S.
operations headquartered in Moline, IL,
provides complete and innovative solutions
for the installation, modernization and
maintenance of elevators and escalators
and the maintenance of automatic building
doors. The Company operates globally with
23,000 employees and subsidiaries in 40
countries.
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