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Magnetek Unveils Ultra-Slim DC-to-DC Power Converters for Wireless Telecom Applications

LOS ANGELES, CA - February 18, 2003 - Magnetek Inc. (NYSE: MAG) has introduced a new series of power converters designed to save money and space in wireless telecommunications installations. While many existing wireless installations operate on 24-Volt direct current (DC), 48-Vdc equipment is now becoming the rule. Magnetek's new converters change 24-Vdc into 48-Vdc, eliminating the need to replace 24-Vdc equipment in existing installations.

Magnetek's modular, 1¾-inch ("1U") slim converters also save space. The 1,200-Watt units mount side-by-side in standard 19-inch racks, providing scalability up to 10,800 Watts of power, which is more than adequate for most wireless telecom installations. Commenting on the significance of the converters, Michael Smith, Director of North American Sales for Magnetek's Power Electronics Group, said, "We believe our 'FE Series' will help wireless system operators make the most of their installed base, enabling them to upgrade sites using existing power systems to minimize cost while supporting next generation systems and backhaul equipment."

Magnetek "FE Series" converters are well suited for telecom applications in other ways as well. Designed to meet NEBS Level-3 requirements, they offer great power density (more than 5.3 Watts per cubic inch) and high efficiency (typically 88%). They deliver clean, reliable 48-Vdc output from any 19- to 32-Vdc power source, making them ideal for cellular carrier base stations and fiber and microwave backhaul installations. And if necessary, the units can be replaced "on the fly" without shutting down the system.

Evaluation units of Magnetek's new "FE Series" converters are available through the Company's representatives and distributors nationwide.

Magnetek, Inc. manufactures digital power supplies and systems used in industrial, commercial and consumer applications requiring highly reliable, precise, energy-efficient power. The Company operates manufacturing and research facilities in North America, Europe and Asia, employs approximately 1,500 people and reported revenue of $188 million for fiscal 2002, ended on June 30, 2002.

Media Contact:
Lynn Bostrom
Director, Marketing Communications
(262) 252-2903

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 and operating results and expectations regarding sales of and markets for its products and services, including industrial and elevator controls. These forward-looking statements are based on the Company's expectations and are subject to a number of risks and uncertainties, many of which cannot be predicted or quantified and are beyond the Company's control. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying these forward-looking statements.

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