EL SEGUNDO, CA. May 1998 - Schneider SA and International Rectifier Corporation (IRF/NYSE) today announced an exclusive three-year program to develop and supply the power electronics module for a new line of Schneider variable-speed drives for AC motors. These innovative new motor controls reduce system cost and size while improving performance and efficiency in a wide range of light industrial motors. The greater efficiency enables end-equipment manufacturers to meet increasingly stringent regulations designed to conserve energy and prevent pollution of the electrical power grid.

International Rectifier's Advanced Planar Module (APM) incorporates the company's proprietary high-voltage control IC with multiple power transistors and diodes to constitute a complete power processing subsystem. The APM simplifies motor drive assembly and improves system cost and reliability by providing a complete, integrated and tested power subsystem.

"From home appliances to heavy industry, motors are undergoing an electronic transformation that changes the way we live and work and use energy. International Rectifier's benchmark power conversion technology and capabilities play a pivotal role in Schneider's ability to set the industry standard," commented Elie Belbel, Vice President and General Manager, Strategic Business Segment Variable Speed Drives for Schneider.

"With its strategic advantages and extensive resources, Schneider is uniquely positioned to lead this advancement in technology and industry," said Alexander Lidow, Chief Executive Officer, International Rectifier. "We are proud to be part of their team."

The three-year program is scheduled to begin production in early calendar 1999. Target applications include commercial food mixers and paint mixers, conveyors for automated production and warehousing, and printing equipment for small-to-medium operations.

Schneider is a worldwide leader in the fields of electrical distribution, industrial control, and automation products and services, with four main brands: Merlin Gerin, Modicon, Square D, and Telemecanique. The company's goal is to serve the public and meet industry's needs by creating innovative and reliable solutions for a comprehensive range of products and services. Schneider reported USD 8 billion (FF 47 billion) in annual sales in its last fiscal year.