October 17, 2005 Milan, Italy -- Following its acquisition by Goldman Sachs Capital Partners on July 28 this year, the former Pirelli Cables & Systems has been renamed as Prysmian Cables & Systems. The company says it will continue to operate and develop its core business in the Telecoms and Energy cable sectors.

The company says it will maintain its existing product portfolio, covering a range of Energy cable products, from very high voltage cable for submarine and terrestrial installation to industrial applications including OGP, mining, shipping, and railways. The company says its Telecoms portfolio is equally comprehensive, featuring a range of optical cables and fibers as well as conventional copper and xDSL cable products.

"Our strategy is to continue working as an innovative partner of all of our customers, continuing to develop new and better products for them," remarks Valerio Battista, CEO of Prysmian. "We operate in a complex and changing market environment, and we will continue to strive for excellence in both the products and services which we provide to our clients."