Magnetech Announces Authorized Service Agreement with Hyundai Ideal

Sep 03, 2013, 07:30 ET from MISCOR Group, Ltd.

MASSILLON, Ohio, Sept. 3, 2013 /PRNewswire/ -- Magnetech Industrial Services, a wholly owned subsidiary of MISCOR Group, Ltd. (OTCQB: MIGL), today announced its authorization as a service provider for Hyundai Ideal Electric Company (HIEC). As a service representative in the U.S., Magnetech is authorized to provide after sales repair and maintenance services for HIEC AC motors and generators.

While Magnetech has an existing affiliation with HIEC through Worldwide Electric for the sale of HIEC motors, the demand for reliable after sales repair and maintenance services has led Magnetech and HIEC to expand their relationship to include warranty and non-warranty field services, overhaul and rewind services for HEIC's medium and high voltage motors and generators.  Magnetech is ISO 9001:2008 certified and provides a strong mix of electro-mechanical trade qualifications and depth of experience with medium and high voltage large rotating equipment.

"Magnetech offers authorized service for a broad range of motor OEM's," said Michael P. Moore, President and CEO of MISCOR Group. "We are pleased to add Hyundai Ideal to the lineup of motor companies that trust Magnetech to provide reliable, quality service for their customers."

About Magnetech
Massillon, Ohio-based Magnetech Industrial Services, Inc. provides electrical and mechanical solutions to industrial, commercial and institutional customers, consisting of maintenance and repair services to several industries, including electric utilities, wind power, transportation, chemical, oil, pulp and paper, metal manufacturing and forming, and repairing, manufacturing, and remanufacturing industrial lifting magnets for the steel and scrap industries.

About Hyundai Ideal
Headquartered in Mansfield, OH, Hyundai Ideal Electric Co. is a market leader in made to order medium and high power motors and generators, and is one of the few generator manufacturers who builds their own switchgear and is the only U.S. manufacturer to supply space-saving generator-mounted epicyclic gears.  HIEC serves a wide variety of markets including oil and gas, petrochemical, municipal, utility and the critical renewable energies markets for hydro and geothermal steam.

Forward-Looking Statements
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