Connecting Members, Advancing Our Industry

Memeber Company

Connecting Members, Advancing Our IndustryThe Transformer Association (TTA) is the foremost trade association for the transformer industry in North America. As the voice for our industry, we forge and strengthen strategic alliances among transformer, inductor, and other magnetic device manufacturers, industry suppliers, consultants, and safety and regulatory agencies.

TTA provides opportunities for increased visibility and enhanced business results via participation at semi-annual meetings and through our web-based resource for continuous improvement and growth, www.transformer-assn.org.

As a TTA Member, You Will…Network with suppliers, other manufacturers, regulatory personnel and consultants at TTA’s spring and fall meetings. There is no substitute for the personal and professional relationships you will enjoy and benefit from. Interact with and get to know peers and associates by serving on TTA committees. Committee work provides unique opportunities to work together for the advancement of our industry.

Learn about the newest materials and technologies, economic trends, best practices, benchmarking measures, and RoHS developments. The semi-annual meetings offer superb educational presentations and interactive sessions. Committee work and online resources provide additional opportunities to enhance your skills all year long.

Communicate with customers, colleagues, and consultants at meetings and via the TTA web site, www.transformer-assn.org. This ever-evolving resource brings exclusive members-only content to your desktop or PDA all day, every day.

Promote the unique attributes of your organization’s products and services to a targeted audience of industry professionals. After all, just because of their participation in The Transformer Association, you know they have a vital interest in your organization.

Benefit from reciprocal membership and participation in the Power Sources Manufacturers Association (PSMA). A PSMA representative may attend TTA meetings and we may send a representative to theirs.

Our MissionThe Transformer Association is a trade association of primarily North American transformer, inductor, and other magnetic device manufacturers, industry suppliers, safety and regulatory agencies, and consultants. Our purpose is to be a voice for the industry and to:• Providenetworkingandeducationalopportunities

for our members, industry suppliers, safety agencies, and consultants

• Communicateandcoordinatewithsafetyandregulatory agencies such as UL and CSA and other standards-writing bodies such as IEC, IEEE, and NEMA

• Gather,monitor,anddisseminateindustrydataandtrends, new product information, best practices, and benchmarking measures

• Provideandmaintainaweb-basedresourcethatprovides our members with the tools for continuous improvement and growth

What Have We Done for You Lately?To implement our mission, TTA is pursuing the following objectives:•WorkingwithULtoreducethefrequencyof

follow-up service visits based upon past compliance, testing, and field history

•Exploringaffinityprogramstoreducecostsformember companies and provide a revenue stream for TTA

•EnhancingtheTTAwebsitetobenefitthemembership and the industry

•Monitoringandupdatingourmembershipabouttrends that will affect the industry

•Collectingtransformermanufacturingdataforinclusion in economic forecasts

TTA PublicationsWeregularlypublish:• Technicalbulletinsreferencingdetailedinformation

on IEC Standards TC51 Magnetic components and ferrite materials and TC 96 Transformers, reactors, power supply units and similar products for low voltage up to 1100 V.

•TheTTAQuarterlyEconomicReports,preparedby Institute for Trend Research and available online exclusively to our members

Additional Benefits of MembershipMembership in TTA is corporate. This means that when your organization joins, all the employees of your company or agency become eligible to enjoy the benefits of membership.

Member companies may include up to five employees in the company listing for the TTA database, membership directory, and web site. Listed members will receive TTA communications on a regular basis.

How We OperateThe Transformer Association has three categories of membership:•TransformerManufacturer•TransformerIndustrySupplier•SafetyAgency

TTA is operated by a Board of Directors elected by avoteoftheOfficialRepresentatives.TheBoardiscomposed of the President, Vice President, Secretary-Treasurer, Immediate Past President, and four Directors At Large.

Each member organization designates one individual as itsOfficialRepresentativetoTTA.Whenavoteofthemembershipiscalled,theOfficialRepresentativewillvote on behalf of the member company or agency.

The Transformer Association is administratively supported by Thomas Associates, a Cleveland-based professional trade association management firm. All TTA activities are closely monitored by legal counsel to ensure strict compliance with pertinent laws.

CommitteesMuch of TTA’s work is accomplished at the committee level. Committee assignments offer a great way for members to dive in and get hands-on industry experience. Serving on a TTA committee also provides an opportunity for industry veterans to “give back.” The committees include:•Communications•Membership•Statistics•Technical•ULPolicy•SpringMeeting•FallMeeting

Web Site Objectives• IncreasevisibilityforTTAanditsmember

companies• Increasemembercompanies’sales•Communicatewithmembership•Recruitnewmembers

Page views have steadily increased every month since www.transformer-assn.org came online. After the home page, the most frequently accessed page is the TTA Member Company Product Index that links to members’ corporate sites.

TTA Members: More Powerful Together Whatdoourmembersgainfrombelonging to the TTA? There are many reasons they maintain their memberships in TTA, including:

Company owners appreciate the fact that the Presidents Council meeting each spring and fall provides them with the opportunity to participate in stimulating discussions about the future of the North American magnetics industry.

Memeber Company

Corporate managers rely on the opportunity to monitor industry and economic trends at the semi-annual meetings.

Magnetics engineers find they have valuable input into safety and regulatory policies and practices with real-world consequences.

Suppliers to the industry gain the advantages of meeting new business prospects, exhibiting their products, and learning what their customers really want.

Think about it. How could The Transformer Association help you move your organization to the next level?

Join Us!Foranapplication,logontowww.transformer-assn.org;sendusanemailatinfo@transformer-assn.org;orcalltheTTAofficeat216.241.7333.

Welookforwardtobringingyourorganization on board.

The Transformer AssociationThe Voice of the North American Transformer Industry

1300SumnerAvenueCleveland,Ohio44115(P)216.241.7333(F)216.241.0105www.transformer-assn.orginfo@transformer-assn.org

BY-LAWS ARTICLE I --- Name Section 1. The name of the association shall be THE TRANSFORMER ASSOCIATION also referred to as TTA. Section 2. The Association shall be incorporated as a non-profit corporation under the Laws of the State of Illinois. ARTICLE II --- Principal Office Section 1. The principal office of the Association shall be located at 1300 Sumner Avenue, Cleveland, Ohio 44115, or at such other place as may be designated by the Board of Directors. ARTICLE III --- Mission Statement The Transformer Association (TTA) is a trade association of primarily North American transformer, inductor, and other magnetic device manufacturers, Industry suppliers, Safety and Regulatory Agencies, and Consultants. Our purpose is to be a voice for the industry and to provide the following services:

• Provide networking and educational opportunities for our manufacturing members, Industry Suppliers, Safety Agencies, and Consultants.

• Dialogue and coordinate with safety and regulatory agencies such as UL and CSA, and other standards-writing bodies such as IEC, IEEE, and NEMA.

• Gather, monitor, and disseminate industry data and trends including economic and industry

issues, supplier new product information, best practices, and benchmarking measures.

• Provide a web-based resource for the trade association (www.transformer-assn.org), which provides our members and the overall TTA group with the tools for continuous improvement and growth.

ARTICLE IV --- Membership Section 1. Manufacturer. Any person, firm, or corporation engaged in the manufacture of industry products is eligible to become a Manufacturer member of this Association. Section 2. Industry Suppliers. Any person, firm, or corporation having an interest in products manufactured for Manufacturer members.

Section 3. IMA Working Group. Any industry supplier having an interest in soft magnetic products manufactured for manufacturer members.

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Section 4. Safety Agency. Any person, firm or corporation with the primary function of writing safety standards, providing safety certification and/or safety testing related to products manufactured by Manufacturer or Industry members. This is a non-voting classification intended to promote full participation by Safety Agency members in the work and activities of the Association.

Section 5. Education. Any person representing a not-for-profit involved in research, education, and/or instruction of transformers or related products.

Section 6. Membership Privileges. Each active member firm and corporation shall appoint and certify to the secretary-treasurer of the Association a person to be its representative in the Association (official representative) and who shall represent and act for the member in all the affairs of the Association.

a. Manufacturer members shall have all of the privileges of membership, including voting and holding elective office.

b. Industry Supplier and IMA Working Group Members shall have all of the privileges of membership including voting and holding elective office.

c. Safety Agency and Education Members shall have all the privileges of membership enjoyed by Industry Members, except that of voting and holding elective office. For Prudential reasons, the Board of Directors may, at its discretion, exclude participation by Safety Agency members in certain committees such as the TTA/UL Policy Committees.

Section 7. Election to Membership. Any person, firm, or corporation eligible to membership under these By-Laws may be elected to membership on written application. For such election a majority vote of the Board of Directors is required. Section 8. Termination of Membership. Membership in this Association may be terminated by ceasing to be eligible for membership, by voluntary withdrawal, or by suspension or expulsion. The right of a member in or to the Association, its rights, privileges, and property, shall cease on the termination of membership. Termination of membership shall not relieve any member of its obligations to the Association that arose during the period of membership. a. Resignation. Any member may withdraw from membership by giving thirty (30) day written notice of such intention to the Association and the fulfillment of such obligations which would arise during the period of three months after the first of the month following the filing of such resignation.

b. Suspension and Expulsion. For cause, any member may be suspended or expelled. Sufficient cause for such suspension or termination of membership may be:

1. Failure to pay any indebtedness to the Association within thirty (30) days after payment is due. 2. Violation of the By-Laws. 3. Ceasing to qualify for membership under the eligibility provisions of these By-Laws. c. Suspension or expulsion shall be by a three-quarters affirmative vote of the entire membership of the Board of Directors provided that a statement of the charges shall have been mailed by certified mail to the last recorded address of the member at least twenty (20) days before final action is taken thereon. This statement shall be accompanied by a notice of the time and place of the meeting

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of the Board of Directors at which the charges shall be considered and the member shall have the opportunity to appear and present any defense of such charges before action is taken thereon.

Section 9. Reinstatement a. Resignation. Application for reinstatement following resignation shall be made under the same provisions governing new member applications (provided that no initiation fee shall be required if the application for reinstatement is received within twelve (12) months of the date of acceptance of resignation). b. Suspension. Any member having been expelled for non-payment of dues or other indebtedness to the Association may apply for reinstatement upon payment of all past dues and indebtedness and the current year’s dues including any assessments that may have been levied during the period of suspension. c. Expulsion:

1. Any member expelled for violation of the By-Laws may apply for reinstatement upon submitting acceptable evidence of removal of violation and intent to comply in the future.

2. Any member expelled for ceasing to qualify for membership under the eligibility provisions of the By-Laws may apply for reinstatement upon submitting acceptable evidence of eligibility. d. Acceptance of reinstatement applications shall be by a three-quarters affirmative vote of the entire membership of the Board of Directors. ARTICLE V --- Meetings Section 1. Representation. Each Manufacturer or Industry Supplier member shall be entitled to one vote in accordance with the By-Laws and may vote by a representative or by proxy. No employee of the Association shall be authorized to act for a member either as a representative or as a proxy. Section 2. Annual Meeting. The Board of Directors shall set the Annual Meeting of the Association for the election of Directors and Officers and for the transaction of such other business as may properly come before the members. Section 3. Special Meetings. Special Meetings of the members of the Association may be called by the president, vice president, or by the secretary-treasurer, and any one of them shall call a meeting on the request from twenty-five percent (25%) of the members, which request shall briefly state the purpose of the meeting. Section 4. Notice of Meetings. Notice of the time and place of meetings of the members shall be sent by mail or other mode of transmittal by the secretary-treasurer at least twenty (20) days prior to the Annual Meeting and at least ten (10) days prior to any Special Meeting, to each member entitled to attend and vote at such meeting, at its last known address. Notice of each Special Meeting, in addition to stating the time and place of such meeting, also shall state the business to be acted upon at such meeting. Section 5. Quorum. A simple majority of the members entitled to vote at any Annual or Special Meeting of the Association in person or by proxy, represents a quorum. A quorum shall be necessary at all meetings of the members for the transaction of business, except as otherwise provided by the By-Laws.

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Section 6. Action by Members. Action by members of the Association shall be at a meeting duly assembled, at which there is a quorum of members, by affirmative vote of the simple majority of the members present by representatives or by proxy, except that, at the request of the president, vice president, or of the secretary-treasurer of the Association, the simple majority of the members may approve by mail vote the budget for the next ensuing period of the Association. ARTICLE VI --- Board of Directors Section 1. The Board of Directors shall have supervision, control and direction of the affairs of the Association, shall determine its policies or changes therein within the limits of the By-Laws, shall actively prosecute its purposes and shall have discretion in the disbursement of its funds. It may adopt such rules and regulations for the conduct of its business as shall be deemed advisable, and may, in the execution of the powers granted, appoint such agents as it may consider necessary.

Section 2. The Board of Directors shall be composed of the president, vice president, secretary-treasurer, immediate past president and six elective directors, 3 manufacturers, one of which will be the Technical Committee Chairman, 3 Supplier members, one of which will be an IMA Group member, but only if there are a minimum of (5) IMA Group Members.

a. The term of office for the directors shall be two years provided, however, that the expiration date of the terms of office shall fall so that one Manufacturer member's and one Industry member's terms of office expire each year. b. At no time shall two or more directors be from the same firm or corporation. c. Directors shall enter upon the performance of their duties January 1 following their election and shall continue in office until their successors shall be duly elected and qualified, or unless they resign, are removed, or are otherwise unable to fulfill an unexpired term. d. No director shall be elected for more than two successive terms provided, however, that service on the Board of Directors by the president, vice president and secretary-treasurer shall not be considered as elected service as a director. e. Voting - In case of a tie, the president shall cast the deciding vote. Section 3. Meetings.

a. Regular Meetings of the Board of Directors may be held at such times and places as shall from time to time be determined by a majority of the Board. b. Special Meetings of the Board of Directors may be called by any officer of the Association or upon request of two or more members of the Board of Directors on twenty (20) days notice to each director, either personally, by mail, or other mode of transmittal. Section 4. Quorum. At all meetings of the Board of Directors, no less than a simple majority of the members of the Board of Directors shall be necessary and sufficient to constitute a quorum for the transaction of business, and the act of a simple majority of the directors present at any meeting at which there is a quorum shall be an act of the Board of Directors.

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Section 5. Absence. Any member of the Board of Directors unable to attend a meeting shall notify the President or Association office. If a director is absent from two consecutive meetings, for reasons that the Board has failed to declare to be sufficient, his resignation shall be deemed to have been tendered and accepted. Section 6. Vacancies. Upon the office of any director becoming vacant by resignation or otherwise, the remaining members of the Board of Directors shall elect a director to serve in his place for the remainder of his unexpired term or until his predecessor in office again assumes his duties and responsibilities as a director. ARTICLE VII --- Officers Section 1. The elective officers of this association shall be a president, a vice president, and a secretary-treasurer. Manufacturer members shall always hold at least two of these offices. These officers shall be elected at the annual meeting. Section 2. Each elective officer shall enter upon the performance of their duties January 1

following their election and serve a one year term, and may be re-elected for additional term at the Annual meeting, if they so desire. Upon election, all officers shall become members of the Board of Directors.

Section 3. Vacancies in any office may be filled for the balance of the term thereof by the Board of Directors at any regular or special meeting. Section 4. Except as otherwise expressly provided by the By-Laws, the powers and duties of the officers of the Association shall be, as from time to time, prescribed by the Board of Directors. Section 5. The president shall be the chief executive officer of the Association; he shall preside at all meeting of the members and Directors; he shall be an ex-officio member of all committees and shall have the general powers and duties usually vested in the office of a president of such a Association. Section 6. The vice president shall, in the absence or disability of the president, perform the duties and exercise the power of the president. Section 7. The secretary-treasurer shall have charge of the records and funds of the Association and shall keep minutes of all general membership and Board of Directors’ meetings. Section 8. The Board of Directors may employ such staff members or legal counsel as they deem necessary who shall not be a member of the Association or Officers or employees of any member of the Association, and such persons shall perform the duties and functions assigned to them by the Board of Directors. Section 9. Such Officer or Officers, or such other person or persons as the Board of Directors may from time to time designate, shall sign all Association checks and demands for money. ARTICLE VIII--- Committees Section 1. The president, subject to the approval of the Board of Directors, shall appoint such standing, special, or subcommittees as may be required by the By-Laws or as may be necessary.

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Section 2. Executive Committee. The president, vice president and secretary-treasurer shall constitute an executive committee. They may exercise the powers of the Board of Directors when the Board of Directors is not in session, reporting to the Board at its succeeding meeting any action taken.

Section 3. Nominating Committee. The Board of Directors, prior to the Annual meeting, shall appoint a Nominating Committee consisting of two Manufacturer members and one Industry member. One member of the Nominating Committee may be an incumbent Director of Officer. The IMA Group will provide the Committee with their Board representative.

ARTICLE IX --- Fees, Dues and Assessments Section 1. The Board of Directors shall establish such membership fees, dues and assessments as it may determine appropriate. Section 2. All dues are payable on a calendar year basis commencing January 1. ARTICLE X --- Fiscal Year The fiscal year shall be the calendar year unless determined otherwise by the Board of Directors. ARTICLE XI --- Procedure Except as otherwise herein provided, the proceedings of the Association, its Board of Directors, and its Committees shall be governed by Robert’s Rules of Order. ARTICLE XII --- Waiver of Notice Any meetings of members and of the Board of Directors may be held without notice by a written waiver of such notice signed by every person entitled to such notice. ARTICLE XIII --- Dissolution The Association shall use its funds only to accomplish the objectives and purposes specified in these By-Laws, and no part of said funds shall inure, or be distributed, to the members of the association. On dissolution of the Association any funds remaining shall be distributed to one or more regularly organized and charitable, educational, scientific or philanthropic organizations to be selected by the Board of Directors.

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ARTICLE XIV --- Amendments These By-Laws may be altered, amended or repealed by a simple majority vote by members of the Association at an Annual Meeting or Special Meeting, if notice of the proposed alteration, amendment, or repeal be contained in the notice of such Annual or Special Meeting. ----------------------------------------------------------------------------------------------------------------------- Adopted: 06-11-74 Revised: 09-23-75 10-30-79 10-17-85 11-05-92 11-11-94 04-12-96 11-14-96 04-11-07 04-25-08 12-05-08

June 2008

Greetings TTA Members, The June 2008 edition of TTA News is here to give you a summary of the Spring Meeting, as well as some insight into news, and issues facing the Association. 2008 Spring Meeting Recap On behalf of the Board of Directors, we would like to thank all attendees for their participation in the 2008 Spring Meeting, and to Robert Malkani for being an excellent chairman for the meeting. The meeting was held April 22-25, 2008 at the Embassy Suites Deerfield, just outside of Chicago. TTA Technical Committee members participated in a meeting with representatives from Underwriters Laboratories on April 22. The Board of Directors meeting was held the afternoon of April 23. Two days of speaker presentations and Committee meetings were held April 24 & 25. TTA was pleased to welcome three outstanding speakers to the meeting:

• William Testa, Vice President & Director – Federal Reserve Bank of Chicago • Jorge L. Zegarra – Underwriters Laboratories, Management Systems Solutions • A.G. (Tassos) Malliaris, Loyola University

The TTA Program Planning Committee is hard at work planning the meeting schedule for the 2008 fall meeting December 4 and 5, 2008 in Ponte Vedra, Florida. If you have any ideas or suggestions that you would like to share with the Committee, please submit your comments to Craig Addington, TTA Account Executive, at caddington@taol.com. Sue Welsh from Rubadue Wire will be our Fall Meeting Chairperson. TTA Surplus Website The TTA Surplus Raw Materials web site was launched in March of 2008. The new searchable site is dedicated to showcasing surplus equipment and materials available for sale directly from TTA members. The site is available to all TTA members. There is a one time initiation fee of $350 to enroll in the service and receive a password, and $2.00 per line item entered that will be billed quarterly (minimum $50.00).

June 2008

Participating members will enter and update their own listings. All transactions for the purchase of materials will be made between two parties, the buyer and the seller. The TTA Surplus Materials site was designed and tested by TTA members for TTA members. You control the content and all related transactions. Participating companies must commit internally to follow up and maintain their listings. It’s easy to use and a terrific tool to publicize and capitalize on your surplus items. There are currently 7 member companies who are using the site to sell their surplus materials. We encourage all members to utilize the site. If you are interested in registering to use the site, please contact the TTA office. Board of Directors Your 2008 Board of Directors are: Peter Kent, President - Bicron Electronics Company Philip Gordon, Vice President - Essex Group, Inc. Bruce Thackwray, Secretary-Treasurer - Lenco Electronics, Inc. Terry Wilkinson, Past President - Cramer Coil & Transformer Co, Inc. John DiCarlo - 3M Innovative Paper Technologies Dave Anderson - Precision, Inc. James Tabbi - RAF Tabtronics, LLC Glen Collins - Tempel Steel Company The Board held its meeting on Wednesday, April 23, 2008. Here are some highlights from that meeting:

• 2008 First Quarter Financial Statement was reviewed and approved. • The TTA Surplus website has been launched. • Infolytica and Cortran were approved as members of TTA. • Development of a membership packet is underway. • The First Quarter Business Conditions Survey has been distributed. Members are

encouraged to participate in the survey to receive the data. • It was agreed that annual sales numbers will be collected from all TTA members. • By-Laws were revised to allow existing Board members to serve on the

Nominating Committee. The next Board of Directors conference call is scheduled for June 17, 2008. If you have any comments or suggestions for the Board, please submit them to the TTA office. Technical Committee The TTA Technical Committee met during the spring meeting in Chicago. Several topics were discussed, including:

June 2008

• The Committee is looking for volunteers to participate in the revision of IEC TC 51 standards.

• TTA will be working with IEC to harmonize IEC 61558. • A formal Technical Harmonization Committee (THC) will be formed to begin the

harmonization process for several UL standards • The Technical Committee feels that meeting with representatives from UL is

beneficial, and future spring meetings should be scheduled in close proximity to UL headquarters in Chicago.

If you would like to participate in any of the projects listed above, please contact the TTA office. Membership Committee The Membership Committee is working on the development of a membership packet. The packet would contain a membership application, the most recent edition of TTA e-News, a copy of the bylaws, an electronic membership brochure, and a letter describing the association and the benefits of membership. Once approved, the packet will be posted to the member’s only section of the web site so any current member can use it to recruit new members. Membership Committee Chairman, John DiCarlo, is working with the Executive Committee and the entire Board of Directors to identify companies who would benefit the organization with their membership. TTA is always recruiting potential members. If you have contact information for a potential member, we encourage you to please contact the TTA office. President’s Message Our late April 2008 Spring Meeting in Chicago was an excellent opportunity for attendees to renew old acquaintances, network, learn about new materials from our suppliers, learn about the current state of the economy from a member of the Federal Reserve Bank, learn about international currency issues, and get updates on several IEC and UL standards that effect our industry. Our goal is to continually increase value to our members and over the past 12 to 18 months, we have accomplished a number of significant projects:

• Transitioned to Thomas Associates, Inc. as our new association management company.

• Updated our mission statement, By-Laws, and web site. • Set up committees for membership, communications, statistics, etc. • Strengthened our Technical program and relationship with UL. • Developed a new membership brochure. • Initiated Quarterly and Annual TTA membership benchmarking statistics

program.

June 2008

• Established the new Surplus Material web site. • Provided interesting and educational topics at our spring and fall meetings for our

members. • Continue to build our Reserve Fund for the security of the organization.

Meeting feedback from our members has been positive. This can also be seen in meeting attendance during recent years. During the early to mid 2000s, attendance at both the spring and fall meetings averaged less than 35. Today, even though we have about the same membership number, our meeting attendance is up significantly; last fall we had 57 and this spring the attendance was 45. In addition to increasing value to our members, your Board of Directors is also focusing on increasing membership of both manufacturers and suppliers. We are also reaching out to other organizations synergistic to the TTA to see discuss more involvement within our associations. With 33 manufacturing members within the TTA and an estimated 400 to 600 companies within our market, we need to focus our efforts to grow this side of our organization… growth in this area will add value to our supplier members, enable us to provide improved programs and become a bigger force with the safety agencies, and improve the financial well being of the TTA. Let us know what you are interested in from the TTA. We look forward to seeing you in Florida on December 4 and 5 at the Ponte Vedra Inn & Club, which is a Five Star oceanfront resort just outside of Jacksonville.