acquisition of C&D Technologies’ Power Electronics Division (PED). The all-cash transaction

was valued at $85 million, subject to working capital adjustments. The agreement to sell this

business was previously announced on June 19, 2007. PED will begin to operate under the

name “Murata Power Solutions”.

The acquisition of PED will significantly strengthen Murata’s market presence for power outside

of Japan, and enable Murata to offer a greater range of power products and technology to its

existing customers. Commenting on the acquisition, Mr. Yasuji Okamoto, General Manager of

Murata’s Power Device Products Division commented, “We are very excited to have the Power

Electronics Division become part of the Murata Power family. The combined portfolio of sales

channels, products, and technologies creates a truly global power company, and one of the

world’s largest providers of power system solutions.”

Dr. William Bachrach, General Manager of PED, who will take on the role of President of

Murata Power Solutions, commented, “We are excited to be joining the Murata family of

companies. Ultimately our customers will benefit from a much wider range of products and

solutions available through our existing sales channels. Our business will benefit from improved

competitiveness as we leverage the combined procurement, manufacturing, and engineering

scale of Murata’s global power business. I am confident that customers worldwide will find the

overall Murata Power business to be an unbeatable combination.”

Murata Power Solutions, (www.murata-ps.com) formerly known as the Power Electronics

Division of C&D Technologies, is headquartered in Mansfield, Massachusetts, with over 1,300

employees, and locations in the USA, Canada, Mexico, England, France, Germany, Tokyo and

China. Murata Power Solutions designs, manufactures and distributes DC/DC Converters,

AC/DC Power Supplies, Magnetics, Data Acquisition devices and Panel Meters, and offers these

products in custom, standard and modified-standard variations. These products, which are built

to exacting requirements in ISO9000:2000-approved facilities, are typically used worldwide

within telecommunications, computing, industrial and other high-tech applications

Based in Kyoto Japan, Murata Manufacturing Company Ltd is one of the world’s leading

providers of ceramic based components, sensors, and integrated electronic modules including

power supplies. Founded in 1950, the company has over 26,000 employees worldwide, and over

$4.9 billion US in consolidated annual sales (as of March 31, 2007). Murata’s Power supply

division is one of the world’s leading providers of AC/DC and DC/DC power solutions, focusing

primarily on the consumer, communications, computing and industrial markets worldwide.

Everywhere in the world, wherever you can reach, Murata’s electronic components are always at