FOR MORE INFORMATION CONTACT:
Tony Frey
(800) 236-1705
tfrey@magnetek.com

FOR IMMEDIATE RELEASE

Magnetek Quattro™ DC Drive Awarded First
Production Orders From OTIS & KONE

Menomonee Falls, WI, August 15, 2006 -- Magnetek, Inc. today announced they have received the first production orders from Otis Elevator Co. and KONE Corporation for their new innovative Quattro™ DC Elevator Drive.

"We are proud and very confident in Quattro's™ capabilities. Our revolutionary technology makes this drive versatile, energy efficient and, most important, reliable. There's nothing else like it in the market today," says John Corey, Vice President Magnetek Elevator Products. "These first production orders were received because of Quattro's™ patented drive design. Quattro's™ IGBT-based DC Drive, which offers an alternative to the traditional SCR (Silicon Controlled Rectifier) technology, provides features such as fully regenerative power conversion, unity power factor, clean utility side harmonics and an adaptable modular configuration that allows for future upgrade paths to AC technology."

Magnetek's Quattro™ will be on display at the upcoming NAEC Convention and World Elevator EXPO III at Booth #461 on September 12-14, 2006.

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.

A wholly owned subsidiary of United Technologies Corp. (NYSE:UTX), Otis is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways.

KONE Corporation provides complete and innovative solutions for the installation,
modernization and maintenance of elevators and escalators, and the maintenance of
automatic building doors.

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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's anticipated financial results for its first quarter and fiscal year ending July 2, 2006. 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. These risks and uncertainties include effects of economic, market and operating conditions on the Company and its financial results. 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.