MT. LAUREL, N.J., Nov. 11, 2010 /PRNewswire/ -- SL Industries, Inc. (NYSE Amex: SLI), is pleased to announce it has received from one of the leading and largest global medical equipment suppliers in the world their highest award.
At the customer's recent supplier day with approximately 150 Strategic Supplier Companies attending out of their thousands of total suppliers, only 3 awards were given, with SL Industries receiving the award as Top Supplier for 2010. The contributing factors in winning the award were:
- SL Industries received one of the highest supplier Global Supplier Rating System scorecards for supplier metrics that included Cost, Responsiveness, Innovation, Delivery, and Quality.
- SL Power Electronics (SLPE) delivering more than 100,000 power supplies within an extremely short lead time for a new home healthcare program, enabling the customer to quickly introduce a new product and gain market share.
- TEAL Electronics, a division of SL Industries, moving product manufacturing to China for improved local support and working closely in a joint development program for the next generation of smart power controllers.
William T. Fejes, Chief Executive Officer of SL Industries, commented, "We are delighted to receive this performance award from such a prestigious customer. When this customer needed support to launch one of their most important high-volume products, our team of SL Power Electronics employees was able to virtually overnight shift all design, production and operations to focus on their requirements. By closely collaborating with the customer's team, we were successful in helping them meet their very high goals in both quality and delivery. In addition our TEAL group worked with this customer to solve their global needs and transferred the technical capabilities and equipment to China in a very efficient manner and collaborated with the customer in a new important joint development program. Both divisions have done an outstanding job in supporting this major customer globally."
About TEAL Electronics
TEAL is a leading developer of integrated power management systems. Using a variety of patented technologies, TEAL designs, tests, and builds an application-specific power subsystem that precisely meets customers' needs. For more information about TEAL Electronics and its products, please visit the Company's web site at www.teal.com.
About SL Power Electronics
SLPE was formed by the merger of Ault and Condor, industry leaders for over 30 years in their respective segments of externally and internally mounted power conversion solutions. SLPE's global facilities provide local support to customers in Asia, Europe, and the Americas. For more information about SL Power Electronics and its products, please visit the Company's web site at www.slpower.com.
About SL Industries, Inc.
SL Industries, Inc. designs, manufactures and markets power electronics, power motion, power protection, teleprotection and communications equipment and systems that are used in a variety of medical, aerospace, computer, datacom, industrial, telecom, transportation and electric power utility applications. For more information about SL Industries, Inc. and its products, please visit the Company's web site at www.slindustries.com.
SOURCE SL Industries, Inc.