EL SEGUNDO, CA, January 2002 - International Rectifier, IR® (NYSE: IRF) and Mitsubishi Electric Engineering Company Limited (MEE) announced today that they will collaborate to develop, manufacture and sell integrated power solutions and turn-key power systems for space-level applications, such as communications and telemetry satellites.

Alex Lidow, International Rectifier Chief Executive Officer, said, "Both IR and MEE possess tremendous power management expertise for hi-rel applications. Our combined resources will create new and exciting solutions for next-generation space and defense systems."

Seiji Wataya, Mitsubishi Electric Engineering Company President, said, "The strengths of both companies will enhance and expand business and increase market share opportunities."

Mitsubishi Electric Engineering President Seiji Wataya, left, and International Rectifier Chief Executive Officer Alex Lidow sign a joint product development agreement for space-level power systems for next-generation space and defense systems.

About International Rectifier HiRel Components and Subsystems Group

International Rectifier HiRel Components and Subsystems Group is recognized as a leading supplier of radiation-hardened MOSFETs and multi-chip module DC-DC converters, radiation-tolerant and industry standard voltage regulators, power modules and other discrete semiconductors. IR products are used in aerospace, commercial aircraft, military, semiconductor manufacturing equipment, industrial controls and communication applications. More information on IR's HiRel Components and Subsystems Group can be found at http://hirel.irf.com/

About Mitsubishi Electric Engineering

Mitsubishi Electric Engineering (MEE) is recognized as the engineering service company for Mitsubishi Electric Group. One of MEE's most powerful engineering areas is the design of satellite systems and subsystems, especially the design of sophisticated power systems used for RF components integrated into communication satellite applications. Learn more at http://www.mee.co.jp.

Trademark Notice

HEXFET® and IR® are registered trademarks of International Rectifier Corporation. All other product names noted herein may be trademarks of their respective holders.

High Resolution JPEGs are available in the Press Room.