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November, 2001 - CPI Receives 'EMPLOYEE OWNERSHIP AWARD From National Magazine

NEW BERN, NC—Chatsworth Products, Inc. (CPI), a 100% employee-owned leading manufacturer of structural support systems for technology equipment, has been honored with a special award. A major national publication -Business Ethics magazine- recently announced that CPI has been selected as the 2001 recipient of its prestigious 'Employee Ownership Award'

Business Ethics is a Minneapolis-based, fifteen year-old publication that focuses on corporate social responsibility. Awards in three categories (Environmental Excellence, Corporate Citizenship and Employee Ownership) are given annually to companies that exemplify outstanding achievements in these categories and set the standard for other businesses to follow. Past winners include such prestigious companies as Hewlett Packard, Silicon Graphics, Herman Miller, Merck, and Levi Strauss.

Celebrating its 10th year of operations, CPI was recognized by the magazine "For Providing A Decade Of Leadership In Promoting Employee Ownership, Both Inside And Outside The Company." CPI's president, Joseph Cabral, commented: "Given the prestige of this award, the quality of past recipients, and the process of selection (there is no application or public nominating process), our being chosen is most humbling. It is also confirmation that Employee Ownership Through ESOPs (Employee Stock Ownership Plans) works and that we are making a difference." Added Terry Tyndall, Vice President of Human Resources: "Our being recognized by the award is particularly gratifying to us because it confirms what we have held dear for more than a decade- things like ethics, corporate responsibility and a family work environment. These precepts represent the very cornerstones of what we are all about. While our primary mission is to delight our customers, we are very proud of achieving this milestone together as a family of employee owners."

CPI's Cabral and Tyndall, along with representatives from General Motors, The MONY Group, General Mills and other high profile companies were in attendance as the award was announced during a presentation held in Minneapolis in November, 2000. Also in attendance were officials from prominent financial institutions and centers of higher learning.

About Chatsworth Products

Chatsworth Products (CPI) is a global manufacturer of IT infrastructure and industrial automation products and solutions that protect your ever-growing investment in information and communications technology. We act as your business partner and are uniquely prepared to respond to your requirements with global availability and rapid product customization, giving you a competitive advantage. With decades of experience engineering thermal, power and cable management solutions for the data center, enterprise networking and industrial enclosure markets, CPI is well positioned to provide you with unequaled application expertise, customer service and technical support, as well as a global network of industry-leading distributors. CPI’s broad offering includes: Cabinet, Containment and Industrial Enclosure Systems, Cable Management, Cable Runway and Tray, Power Management, Environmental Monitoring and Security, Grounding and Bonding, Open Rack Systems, Seismic Protection Systems, Wall-Mount Systems, and Zone Cabling and Wireless Enclosures.

CPI is listed with the General Services Administration (GSA) under Federal Supply Schedule IT 70. Products are also available through GSA Advantage and through Government Wide Acquisition Contracts (GWACs), including GSA Connections and NITAAC-ECS III (www.chatsworth.com/gov).

©2019 Chatsworth Products, Inc. All rights reserved. Chatsworth Products, Clik-Nut, CPI, CPI Passive Cooling, Secure Array, eConnect, Evolution, GlobalFrame, MegaFrame, QuadraRack, RMR, Saf-T-Grip, SeismicFrame, SlimFrame, Motive, TeraFrame and Velocity are federally registered trademarks of Chatsworth Products. EuroFrame, CUBE-iT and Simply Efficient are trademarks of Chatsworth Products. All other trademarks belong to their respective companies.

MEDIA CONTACT
Raissa Carey
Public Relations
Email: rcarey@chatsworth.com
Public Relations
Phone: 512-591-9525