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State Senator Honors Vishay on 50th Anniversary

MALVERN, Pa. — Pennsylvania State Senator Andy Dinniman recently honored Vishay Intertechnology, Inc. (NYSE: VSH) on the Company's 50th anniversary. State Senator Dinniman presented a State Senate citation to Vishay congratulating the Company. The presentation took place on March 15 at the Company's headquarters in Malvern, Pa.

“It's incredible and almost overwhelming to think about how far Vishay has come and how much it has grown since it was founded by the late Dr. Felix Zandman,” Dinniman said while presenting company officials with the citation. “Today, Vishay's technology and electronic components touch the lives of countless people around the globe on a daily basis.”

Founded by Zandman in 1962, Vishay today is one of the world's largest manufacturers of discrete semiconductors and passive electronic components. The company manufactures a broad line of components — best described as the building blocks of electronics — that are used in a wide range of products such as cell phones, computers, televisions, industrial equipment, aerospace and military systems, medical devices and equipment, and automobiles. Vishay, which is publicly traded, has 105 employees at its Malvern headquarters. In 2011, it had 20,900 employees worldwide and $2.6 billion in revenues.

Even more impressive, noted Dinniman, is the vision, leadership, and genius of Zandman that made the company and its technological advances possible. Born in Poland in 1928, Zandman survived the Holocaust by hiding with a few other people beneath the floorboards of a local family's home for 17 months. During that time, his uncle taught him trigonometry and advanced mathematics. Following the war, Zandman immigrated to France and earned degrees in engineering, applied mechanics, and general physics and a doctorate in mechanical physics from the Sorbonne.

In 1956, Zandman moved to the United States and began working for Tatnall Measuring Systems in Philadelphia as director of basic research. During that time, he developed revolutionary temperature-resistant resistors, which would enable manufacturers of a wide assortment of precision products to upgrade their performance. Zandman's employers were not interested in the technology and so he opened his own company — Vishay, named for Dr. Zandman's ancestral village in Lithuania, in memory of family members who perished during the Holocaust.

Zandman died last June following a lifetime of innovation and accomplishment. Still, his enterprising spirit and values live on through Vishay, its employee, and its products.

“To call Dr. Zandman's story inspirational is an understatement. It is a true tale of the triumph of the human spirit and how hard work and achievement can overcome tragedy and horrific circumstances,” Dinniman said. “His work and his company continue to change the world for the better. We can all learn something from the life of Zandman and the success of Vishay.”

{complink 6199|Vishay Intertechnology Inc.}

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