AVX - AVX Acquires Chengdu OK New Energy Ltd.

FOUNTAIN INN, S.C., Nov. 01, 2019 (GLOBE NEWSWIRE) -- AVX Corporation (NYSE: AVX) today announced that it has completed the purchase of Chengdu OK New Energy, Ltd. (COKNE). After four years of strong collaborative efforts between COKNE and AVX on the manufacturing and development of supercapacitors, AVX is delighted to complete the full vertical integration under the AVX umbrella.

During the announcement, Chief Operating Officer Jeff Schmersal stated, “The COKNE team has been instrumental in the co-development of AVX’s low ESR cylindrical SuperCap series. We look forward to a long and prosperous relationship, with continual dedication toward further supercap advancements”. The vertical acquisition further demonstrates AVX’s strong commitment to supercapacitor technology, used in markets such as Industrial, Medical, Automotive, IoT, and Alternative Energy. 

AVX is a leading worldwide manufacturer, supplier, and reseller of a broad line of electronic components and interconnect, sensing and control devices and related products. AVX’s components can be found in products manufactured in a very broad range of industries worldwide. AVX is headquartered in Fountain Inn, SC. AVX can be found on the Internet at http://www.avx.com.

Michael HufnagelAVX Corporation, Fountain Inn(864) 967-9351investor.relations@avx.com