Trading Update

IFX Power PLC
11 June 2001


                          IFX Power plc
                     ('IFX' or 'the Group')

Trading Update

The Board of IFX provides an update on trading for the six months
ending  30 June 2001 and the current outlook for the year  ending
31 December 2001.

IFX  provides power supply solutions to the electronics  industry
and  operates,  predominantly,  within  the  mid  tier  and  high
technology  sector of the market.  IFX's power supplies  regulate
and  distribute  electrical  power for  various  sub-systems  and
components  within  electronic equipment.   The  Group's  virtual
manufacturing  model is allowing it to remain  profitable  whilst
investing for the future of the Group.

The  Group's results for quarter ended 31 March 2001 were  strong
with  revenues and profits ahead of those achieved  in  the  same
period last year on a like for like basis. However, in the second
quarter  of  the current financial year, its USA operations  have
experienced a significant decline in orders. In addition,  orders
from Europe have now started to slow.  The combination of slowing
sales  and  the  increase in the direct sales  force  during  the
period  will cause the Group's pre-tax profits for the half  year
to  30  June 2001 to be lower than the pro forma figures for  the
equivalent period to 30 June 2000.

It  is difficult to predict revenues into the second half of  the
financial  year,  due  to  the  current  uncertainty  in   market
conditions and the consequent reduction in lead times on customer
orders  from  those  experienced in the  previous,  more  buoyant
market  conditions.  If the current level of sales in the US  and
sales trends in Europe continue, IFX's profits for year ending 31
December 2001 will not meet current market expectations,  and  it
is  possible that profits will be significantly below the  levels
achieved for the year ended 31 December 2000.

However,  the  Board  remains confident in the  Group's  business
model  and  its ability to win business, albeit in more difficult
and  slower  market conditions, and plans to increase  levels  of
investment  in  relation  to  geographical  expansion.  IFX  will
therefore continue to invest strongly in the second half  of  the
year  to  accelerate  its strategy of market penetration  through
geographic expansion, and expects to open a number of new offices
throughout North America and Europe in order to take market share
from  its  competitors.  This is made easier  by  current  market
conditions.  IFX plans to add approximately 60 incremental  sales
heads in the second half of the year on top of the 20 incremental
sales  heads added in the first half of 2001. Offices  have  been
opened in France, Norway, Sweden, Texas, Colorado, North Carolina
and  Pennsylvania since the start of the year. The Board  expects
the incremental cost of this resource, representing a doubling of
the sales force since 31 December 2000, to be in the order of  £4
million for the current financial year.  The Board believes  that
this  continued investment at a time when competitors are cutting
their  costs will lead to increased revenue in 2002, even if  the
current market conditions prevail.

In  addition,  its two divisions in the USA, IPS  and  ForeSight,
have  merged to form one US operation incorporating the  combined
sales  force  and  a  single worldwide  brand  (XP).   The  Board
believes that this will eliminate any duplication of sales effort
as  the  group expands geographically within the USA. As part  of
this  consolidation,  Stuart Amos has  agreed  to  resign  as  an
executive director with immediate effect.

The  Group will continue to remain profitable despite the current
economic  outlook  and  the investments outlined  above.  In  the
medium and long term, the Board remains convinced that the market
for  electronic capital equipment for which the Group designs its
products  will grow.  Due to the efficiency gains and  the  short
payback  period  in respect of its products, the  Board  believes
that  the  Group will be well placed to capture increased  market
share and maintain its competitive advantage.

The results for six months ending 30 June 2001 are expected to be
released on 23 August 2001.

Enquiries:

IFX Power plc                                       0118 976 5087
Larry Tracey, Chief Executive Officer            www.ifxpower.com
James Peters, European Managing Director
Duncan Penny, Finance Director

Square Mile BSMG Worldwide                          020 7601 1000
John Stanley or Sally Lewis

Notes to Editors: IFX Power plc provides power supply solutions
to  the  electronics industry and operates, predominantly, within
the  high  technology sector of the market.  IFX's  power  supplies
regulate  and distribute electrical power for various  subsystems
and  components within electronic equipment. IFX Power was formed
by   the  combination  of  International  Power  Sources,   Inc.,
ForeSight  Electronics,  Inc. and  XP  PLC,  in  July  2000.  IFX
subsequently  floated  on the Official List  of  the  UK  Listing
Authority in July 2000.