Nu
Horizons Electronics Corp. and Kyocera Industrial Ceramics Corporation Announce
North American Partnership
Agreement
Offers Nu Horizons Customers Industry Leading Liquid Crystal Display Products
Vancouver,
WA and Melville, NY - October 6, 2005 - Nu Horizons Electronics Corp. (NASDAQ:NUHC),
a leading distributor of advanced technology active components and system solutions;
and Kyocera Industrial Ceramics Corporation (NYSE: KYO), a leading manufacturer
and provider of industrial, automotive and semiconductor processing-related advanced
ceramic components; today announced a partnership agreement within the United
States, Canada and Mexico. This agreement is effective immediately and includes
distribution rights for Kyocera's complete line of liquid crystal display products.
A
pioneer and technology leader in color STN displays, Kyocera introduced its first
color TFT LCD in 2003. With sizes from 2.5" to 10.4" diagonal formats
and 1/8th VGA to VGA, Kyocera has the largest STN color transflective product
line in the market and offers a wide temperature option (-20 to +70C) in all transmissive
and transflective graphic display products, which have become the choice for today's
low power applications.
"We
are very enthusiastic to have Nu Horizons add the Kyocera display line to their
advanced display technology distribution portfolio," said Rick Collins, vice
president of Thin Film Devices Sales for Kyocera. "Nu Horizons offers Kyocera
an aggressively dynamic display program with excellent support lines and strong
sales and engineering expertise in our key markets. This creates the ideal balance
of resources and technology to provide our customers with innovative support and
advanced solutions."
Dave
Bowers, president of Nu Horizons Distribution Division, adds "We are very
pleased to partner with Kyocera, who have cemented their position as a leading
supplier for small to medium LCD markets where benchmark performance at competitive
pricing is a must. Nu Horizons' commitment continues to be providing the products,
solutions and support necessary to enable our customers to get to market faster
and remain cost effective. This strategic partnership enhances our display line
card offering and ensures our customers gain the necessary advantages to remain
competitive in today's marketplace."
About
Kyocera Industrial Ceramics Corporation
Kyocera Industrial Ceramics Corporation
is headquartered in Vancouver, WA with four manufacturing plants and 12 sales
offices throughout the United States. The company manufactures advanced ceramic
components and CERATIP cutting tools and markets LCDs, thermal printheads, ultra
high vacuum metallized assemblies and industrial lenses. It is a wholly-owned
subsidiary of Kyocera International, Inc. of San Diego, the North American holding
company for Kyocera Corporation.
Kyoto,
Japan-based Kyocera Corporation (NYSE:KYO), the parent and global headquarters
of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics.
By combining these engineered materials with metals and plastics, and integrating
them with other technologies, Kyocera Corporation has become a leading supplier
of solar energy systems, telecommunications equipment, semiconductor packages,
electronic components, laser printers, copiers and industrial ceramics. During
the year ended March 31, 2005 the company's net sales totaled 1.18 trillion yen
(approx. $11 billion).
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading global distributor
of advanced technology active components and system solutions, 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 forty-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.
|