FOX INCREASES WORLDWIDE CRYSTAL & OSCILLATOR PRODUCTION CAPACITY; OPENS FAR EAST PLANT, EXPANDS ASIAN-PACIFIC OPERATIONS

FOX INCREASES WORLDWIDE CRYSTAL & OSCILLATOR PRODUCTION CAPACITY; OPENS FAR EAST PLANT, EXPANDS ASIAN-PACIFIC OPERATIONS

Fort Myers, FL, August 2002 - Fox Electronics, Inc., Americas premier supplier of frequency control products, has announced a major increase in its worldwide production capacity and a significantly expanded presence in the Asian-Pacific region.

According to Fox President, E.L. Fox, Jr., the company has added a 73,000 square foot production facility outside of Shanghai to its worldwide manufacturing operations, has created Fox Electronics-Asia and has appointed a managing director to expand its comprehensive sales network and establish a complete, support and logistics center headquartered in Hong Kong.

Fox commented that We are taking these bold steps in anticipation of what we know will be a strong market recovery. We need to be able to respond quickly and efficiently to any surge in demand --anywhere-- for our products. The new production facility near Shanghai complements our existing design and production capabilities and will serve both international and domestic U.S. market demand."
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The three-building manufacturing complex will be able to produce the full range of Fox frequency control products - crystals, oscillators, TCXOs, VCXOs, OCXOs and filters - but will initially concentrate on Foxs popular line of surface mount oscillators in ceramic packages. The facility can produce one million units per month.

Fox has named Stephen So as Managing Director of the newly formed Fox Electronics-Asia to further develop and oversee an expanded Fox presence in the Asian-Pacific region. Headquartered in Hong Kong, So will integrate a complete sales and technical support operation and supply chain system to support Foxs growing customer base in the region. So, a veteran of the Far East electronics industry, served as General Manager for Rayovac Far East Ltd. in Hong Kong, and, most recently served as general manager of Bostex Electronics Pte Ltd, Singapore..

Fox noted that we are making a significant commitment to the Far East region, but at the same time boosting our capacity to provide the most timely and cost-efficient product to our customers, here in the U.S., in Europe and elsewhere."

The Shanghai production facility officially opened on August 1, 2002. The Hong Kong headquarters of Fox Electronics-Asia will open in October.

For further details, contact E.L. Fox, Jr., Fox Electronics, 5570 Enterprise Parkway, Fort Myers,
FL 33905. Tel: 888/GET-2-FOX; Fax: 239/693-1554; E-mail: sales@foxonline.com ;
Web: www.foxonline.com.

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READER SERVICE INQUIRIES: Please forward all reader service inquiries to Customer Service, Fox Electronics, 5570 Enterprise Parkway, Fort Myers, FL 33905.

EDITORS NOTE: Fox is Americas leading supplier of standard and custom frequency control products, including the industrys broadest line of crystals, oscillators, VCXOs, TCXOs, OCXOs and crystal filters. The company, headquartered in Fort Myers, FL, has facilities, representatives, and distributors throughout the world.