Nu
Horizons Electronics and UPEK, Inc. Announce North American Distributor Agreement
Agreement Provides Biometric Fingerprint Hardware and
Software Products to Customer Base
Berkeley,
CA and Melville, NY - January 6, 2005 - Nu Horizons Electronics Corp. (NASDAQ:NUHC),
a leading distributor of high technology active components; and UPEK, Inc., a
leading provider of biometric fingerprint solutions; today announced a North American
agreement for the distribution of biometric fingerprint hardware and software
products. This agreement, effective immediately, encompasses UPEK's full range
of end-to-end solutions for customers, including silicon fingerprint sensors,
biometric algorithms, companion processors and application software.
UPEK's
complete biometric solutions offer the security of fingerprint authentication
with convenience at the tip of a finger to integrate into a wide range of applications,
such as notebook PCs, mobile devices, logical access, physical access, and government
ID programs. UPEK's TouchChip™ advanced biometric technology provides accurate,
high quality images critical for creating secure customer systems.
"Nu Horizons is a leading high technology distributor with a proven track record of
excellence and dedication to customer support," said Patrick Bouju, vice
president of worldwide sales at UPEK, Inc. "Our relationship grants customers
greater purchasing flexibility and access to Nu Horizons' extensive technical
support capabilities. We consider this agreement to be a great value-add that
increases our ability to help customers integrate UPEK's end-to-end fingerprint
sensor solutions more easily."
Dave
Bowers, president of Nu Horizons Distribution Division, adds, "We are extremely
pleased to enter into this agreement with UPEK in North America, and to distribute
their industry-leading TouchChip and TouchStrip products. Password management,
notebook theft, and sensitive data access are all significant problems many enterprises
face today. UPEK's biometric fingerprint solution offering addresses these problems
and more, while increasing user convenience and security for our customers."
About
UPEK
Headquartered in Berkeley, California, UPEK, Inc. is a privately-held
biometric fingerprint solutions company launched as a venture-backed spin-off
from STMicroelectronics in 2004. The fingerprint solutions offered by UPEK under
the TouchChip® brand have been shipping in volume since 1999 and have been
integrated into a variety of commercial applications. For more information, visit www.upek.com
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading global distributor
of high technology active components, including analog, clock and timing devices,
communications, computer products, discretes, flat panel display solutions, interface,
logic, memory, microcontrollers and microprocessors, opto electronics and power,
to a wide variety of commercial original equipment manufacturers (OEMs). With
sales facilities in thirty-seven 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. When used in this press release, words
such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to Nu Horizons or its
management, identify forward-looking statements. Such forward-looking statements
are based on the current beliefs of Nu Horizons' management, as well as assumptions
made by and information currently available to its management. Forward-looking
statements 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 electronics 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. Such statements
reflect our current view with respect to the future and are subject to these and
other risks, uncertainties and assumptions relating to Nu Horizons' financial
condition, results of operations, growth strategy and liquidity. The Company does
not undertake any obligation to update its forward-looking statements.
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