Jersey City, NJ [May 21, 2019] Bel Fuse Inc. (NASDAQ: BELFA and NASDAQ: BELFB) and leading global manufacturer of products that power, protect and connect electronic circuits, awards PEI-Genesis with the inaugural President’s Award for the 2018 calendar year, at EDS. The President’s Award is given annually based on excellence in sales growth, service, customer satisfaction and engagement.

“We are pleased to present the President’s Award for Bel Connectivity for 2018 to PEI-Genesis. Our partnership with PEI-Genesis goes back nearly 30 years and during that time, their commitment to quality, service and technical expertise has made them an ideal partner as we continue to expand our capabilities and markets served. PEI’s efforts in 2018 resulted in best in class growth in all our sales and service metrics. On behalf of all of Bel and Cinch Connectivity Solutions, I offer my thanks to everyone at PEI-Genesis for the hard work and congratulations on a great year of sales,” said Pete Bittner, President of Bel Connectivity.

“PEI is proud of receiving this recognition from Cinch Connectivity Solutions for our performance in the past year. The award recognizes the outstanding partnership, sales achievements and overall collaborative effort to bring our customers industry leading products in North America. Our two companies are bound by similar values that put the customer at the center of our efforts,” said Peter Austin, General Manager North America and Corporate Senior Vice President.

PEI Genesis News Awards.

Cindy Weir-Director of NA Product, PEI, Peter Austin General Manager North America and Corporate Senior Vice President, Training, Operations, PEI, Jane Fischetti-GM, South America and Distribution Sales, James Dodson-NA Sales RSM Lead, PEI, Pete Bittner-President, Bel Connectivity Solutions, Matt Meares- Director-Product Development, Cinch Connectivity, John Hufnagle-VP NA Sales, PEI, Steven Fisher-CEO, PEI, Bret Murphy-Sales Director, Cinch Connectivity, Dan Bernstein-CEO, Bel, Kris Haggstrom, Sr Director – EMS and E-Commerce, PEI, Andy Calloway-NA Distribution Manager, Cinch Connectivity, Debbie McBride-European Product Director, PEI, Eli Fisher-Inside Sales Rep, PEI, Julie Trunk-Director Supplier Relations, PEI, Zachary Fisher-BDM, PEI, John Rozanski-Director NA Sales and Global Strategic Accounts, PEI

About Bel

Bel ( designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.

Forward Looking Statements

Except for historical information contained in this press release, the matters discussed in this press release are forward looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results could differ materially from Bel's projections. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers; the continuing viability of sectors that rely on our products; the effects of business and economic conditions; difficulties associated with integrating recently acquired companies; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products; our ongoing evaluation of the consequences of the U.S. Tax Cuts and Jobs Act; the impact of changes to U.S. trade and tariff policies; and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward- looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward looking statements.

Media Contact: 
Mary Benetti-Condon