Tyco Electronics to change name to TE Connectivity Ltd.

DECEMBER 3, 2010 -- Tyco Electronics Ltd. (NYSE: TEL) says it wants to change its name to TE Connectivity Ltd. and will ask shareholders to approve the identity shift at the company's annual general meeting of shareholders March 9, 2011.

DECEMBER 3, 2010 -- Tyco Electronics Ltd. (NYSE: TEL) says it wants to change its name to TE Connectivity Ltd. and will ask shareholders to approve the identity shift at the company's annual general meeting of shareholders March 9, 2011. The company intends to make the formal request in proxy materials that will be mailed to shareholders beginning in late January 2011.

In the fiber-optics space, Tyco Electronics provides a range of connector, cabling, and fiber management products.

"We are changing the name of our company to better reflect the products and solutions that we provide to our customers," said CEO Tom Lynch. "In a world that is increasingly connected, we engineer a full range of connectivity solutions. From electronic connectors under the hood of a car, to fiber-optic cables under the sea, to high-voltage connections in energy systems, our products protect and connect the flow of data and power from origination to destination in the world's largest industries -- including automotive, telecommunications, energy, aerospace, industrial, white goods, and consumer devices."

Lynch continued, "Many customers and employees around the world already refer to us by the initials 'TE,' which is why we chose to keep that as part of our new name."

The company plans to officially roll out the new name following shareholder approval in March of next year.

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