Pericom
Semiconductor Extends Distribution Agreement with Nu Horizons into India
Partnership Expansion Addresses Regionalized Service Requirements
San
Jose, CA and Melville, NY - May 5, 2004 - Pericom
Semiconductor Corporation (NASDAQ: PSEM), a worldwide
preferred supplier of high-performance integrated circuits
and frequency control products, and Nu Horizons Electronics
Corp. (NASDAQ:NUHC), a leading distributor of high technology
active components, today announced the expansion of their
global service and market distribution agreement to include
the country of India. This agreement extends the existing
relationship between Pericom and Nu Horizons within the
Americas.
"This
expansion with Nu Horizons reaffirms our successful six-year
partnership, said Brad Frey, Distribution Sales Director
of Pericom. "Nu Horizons is a recognized leader in
creating, tracking and fulfilling global demand and design
support. Those factors, combined with our anticipated
expansion strategy, certify our commitment to deliver
optimal distribution support to our customers globally."
The
Pericom distribution program will be managed by Nu Horizons
from the company's existing regional facilities in Bangalore
and New Delhi. In addition to demand creation and engineering
support, the distribution of all Pericom interface, logic
and silicon timing devices, will also be managed locally
from both locations.
Vick
Aggarwala, president of Nu Horizons Asia Pacific adds,
"Expanding into India represents a significant milestone
in Nu Horizons relationship with Pericom. The Pericom
business model incorporates a broad portfolio of leading-edge
products within various market segments. Pericom's comprehensive
product range and commitment to service and support will
assist Nu Horizons in leveraging our prior success into
the Indian market, and eventually throughout Asia."
About
Pericom Semiconductor Corporation:
Pericom Semiconductor Corporation (NASDAQ:PSEM) offers
customers worldwide the industry's most complete silicon
and quartz-based solutions for the Computing, Communications
and Industrial market segments. The company's broad portfolio
of leading-edge analog, digital and mixed-signal integrated
circuits and SaRonix frequency control products are essential
in the timing, transferring, routing and translating of
high-speed signals as required by today's every-increasing
speed and bandwidth demanding applications. Company headquarters
are in San Jose, California, with design centers and sales
offices located globally.
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading global 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-five
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
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. |
