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GOULD CONCLUDES CONSOLIDATION OF U.S. PRODUCT DISTRIBUTION

Contact:         Richard Steiner, 440-953-5000, rsteiner@gould.com
                        Brad Kostka, 216-902-3800, bkostka@jjroop.com

For Release:  Immediate

Eastlake, OH—(December 6, 2002)—Gould Electronics Inc. announced today that it completed the consolidation of its U.S. product distribution by naming Insulectro, the world’s largest distributor of advanced printed circuit materials, as the exclusive distributor to printed circuit board manufacturers for its CAC® (Copper-Aluminum-Copper) foil and related products in the South Central region of the United States, including Texas, Arkansas, Louisiana, Oklahoma and Missouri.

Insulectro already is the exclusive distributor of Gould’s CAC® foil and related products in the Midwestern, Eastern and Western U.S.  Insulectro’s representation in the South Central region became effective December 1, 2002. Since 1989, the Lake Forest, California-based distributor has also been Gould’s exclusive representative for its full line of copper foil and, more recently, specialty products.

“This change marks a continuation of our efforts to better correspond with our customers, who will benefit from working with a familiar, single source for all their material requirements. Insulectro can provide them with an extensive product line, quick-to-respond supply management skills and numerous resource locations,” said Gould Vice President Richard Steiner.

“We thank Atlan Industries, the company that previously handled these products in the South Central region, for their 14 years of assistance,” said Steiner.

Gould is a worldwide leader in the production of printed circuit materials and optoelectronic products, including JTC™ electrodeposited copper foil, CAC® (Copper-Aluminum-Copper) foil, Gould®flex adhesiveless flexible laminates and fiber optic couplers with value-added assemblies.  Headquartered in Eastlake, OH, the company operates 12 facilities in North America, Europe and Asia and is supported by a worldwide sales and distribution network.  Gould is a wholly owned subsidiary of Japan Energy Corporation.  More information is available at www.gould.com.

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34929 Curtis Boulevard · Eastlake, OH 44095-4001
Phone: 440-953-5000
· Fax: 440-953-5050
http://www.gould.com



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