May 21, 2008
Source: Tyco Electronics Ltd.
PEMBROKE, Bermuda, May 21 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. (NYSE: TEL)(BSX: TEL) today announced that it is extending additional support for rescue and recovery efforts in China by donating US$1 million (7 million RMB) worth of emergency wireless communications equipment and field technical services for use by disaster relief teams in China. The company's Wireless Systems segment is providing mobile communications equipment, portable and mobile radios, base stations and network control equipment, as well as engineering assistance provided by staff in China. The equipment is especially well-suited to the task of coordinating disaster relief operations and is compatible with existing government systems in the Sichuan Province.
Tyco Electronics last week announced that it had donated US$150,000 (approximately 1 million RMB) in cash to the Red Cross Society of China. The company's Network Solutions segment has already committed US$90,000 (approximately 600,000 RMB) worth of products and services to help rebuild critical telecommunications and energy networks in China. The company has also established the Tyco Electronics China Earthquake Relief Fund, an internal fund to which company employees have already contributed more than $200,000 (1.4 million RMB) to provide direct support for their affected co- workers in China.
According to Tyco Electronics Chief Executive Officer Tom Lynch, "In addition to monetary contributions from the company and its employees, we are very pleased to be able to donate products and services that are so essential and directly relevant to the rescue and recovery effort in China. We hope that this donated equipment -- combined with an earlier donation of products and services from our Network Solutions segment to help rebuild critical telecommunications and energy networks -- will help bolster the overall disaster recovery effort and provide some measure of relief to the victims of this tragedy."
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with 2007 sales of $13.0 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With over 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
SOURCE: Tyco Electronics Ltd.
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