NetSilicon
Announces Distribution Agreement with Nu Horizons
-- Nu Horizons to provide distribution for North America
and Asia --
Waltham,
Mass. - (Sept. 9, 2003) - NetSilicon, a division of
Digi International (NASDAQ: DGII) and a leading provider
of network-attached embedded processors and device connectivity
software, today announced a distribution agreement with
Nu Horizons Electronics Corp. (NASDAQ: NUHC). The agreement
appoints Nu Horizons as NetSilicon's exclusive North American
distribution partner, and a non-exclusive distribution
partner in Asia.
"Nu
Horizons is a leading high technology distributor with
a proven track record of excellence and dedication to
customer support," said Bruce Berger, senior vice
president, NetSilicon. "The relationship grants customers
greater purchasing flexibility and access to Nu Horizons'
extensive technical support capabilities. We consider
the agreement a value add that increases our ability to
help our customers develop intelligent, networked devices
more easily."
Nu
Horizons will distribute NetSilicon's award winning NET+ARM®
family of 32-bit microprocessors and NET+Works® software
development tool suite. NetSilicon's NET+ARM microprocessors
are the ideal platform for developing embedded networked-enabled
applications. The integrated approach of the NET+Works
development tool suite helps customers achieve dramatic
time-to-market reductions, reduce product unit costs,
save engineering resources and reduce design risk.
Dave Bowers, executive vice president, sales and marketing
for Nu Horizons, stated, "We are extremely pleased
to engage in an exclusive partnership with NetSilicon
throughout North America, and to distribute their industry
leading products to our rapidly growing Asian customer
base. NetSilicon enhances our existing product portfolio
and enables us to offer our customers a solution that
makes device networking easy."
About
NetSilicon
NetSilicon, a Digi International® company, is a leading
provider of network-attached processors and device connectivity
software. NetSilicon integrates the high performance NET+ARM
32-bit microprocessor with NetSilicon's NET+Works advance
networking software, including development tools, real-time
operating system and connectivity software to accelerate
customer development of intelligent, networked devices.
Digi International, the leader in Connectware, makes device
networking easy by developing products and technologies
that are cost effective and easy to use. Digi markets
its products through a global network of distributors
and resellers, systems integrators and original equipment
manufacturers (OEMs).
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading distributor of high technology
active components, including analog, communications, discretes,
optical, logic & peripherals, memory, microcontrollers,
system on chip (SOC), board level and computer system
products to a wide variety of commercial original equipment
manufacturers (OEMs). With sales facilities in thirty-three
locations across North America and Asia, and logistics
centers in centralized locations throughout the globe,
Nu Horizons partners with a limited number of best-in-class
suppliers to provide in-depth product and solutions expertise
to its customers. Information on Nu Horizons and its services
is available at http://www.nuhorizons.com
Except
for historical information contained herein, the matters
set forth in this news release are forward looking statements
that involve certain risks and uncertainties that could
cause actual results to differ from those in the forward-looking
statements. Potential risks and uncertainties include
such factors as the level of business and consumer spending
for electronic products, the amount of sales of the Company's
products, the competitive environment within the electronic
component industry, the ability of the Company to continue
to expand its operations, the level of costs incurred
in connection with the Company's expansion efforts and
the financial strength of the Company's customers and
suppliers. Investors are also directed to consider other
risks and uncertainties discussed in documents filed by
the Company with the Securities and Exchange Commission. |
