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Utech Electronics - Press Release

New Pricing from Samtec

Samtec, Inc. has announced that it will be issuing new pricing for all gold and tin plated connectors, and the new pricing is scheduled to take effect March 1st, 2008. Given the recent price fluctuations of various raw materials, they have released the following;

Samtec continues to battle unprecedented cost increases in gold, copper, and petroleum. The price of gold has increased 44% in the last 12 months. Gold contributes significantly to the cost of Samtec connectors.

Effective March 1st, Samtec will increase book prices an average of 5%. The increase will be higher and skewed toward products with greater gold content. Some tin plating product may be reduced 2%.

Should you have any questions or concerns regarding Samtec pricing, please contact your Utech Electronics sales rep.

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