Nu
Horizons Electronics Corp. Announces Americas Partnership Agreement with Integrated
Device Technology (IDT)
Agreement
Involves Distribution of Semiconductor Solutions for Advanced Network Systems
and Timing and Communication Devices
Melville,
NY - December 15, 2005 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading
distributor of advanced technology active components and system solutions, today
announced an Americas partnership agreement with Integrated Device Technology
Inc. (NASDAQ: IDTI), the global leader in semiconductor solutions for advanced
network services. This agreement covers the territories of the United States,
Canada, Mexico and South America for the distribution of IDT integrated circuits
for communications, computing and consumer applications, which include logic devices,
timing solutions and static random access memory (SRAM) products.
The
IDT semiconductor devices are designed for networking equipment to efficiently
deliver a variety of products and services for the core, metro, access, enterprise,
small office/home office (SOHO) data center and wireless segments of the network.
Within these markets, IDT delivers solutions for key applications including routers,
gateways, L2/L3 switches, storage area networks (SANs), virtual private networks
(VPNs), server load balancers and base station controllers. IDT serves the communications,
computing and consumer equipment vendors by applying advanced hardware, software
and memory technologies to create flexible and highly integrated products that
enhance the functionality and processing of network equipment.
In
September, IDT merged with Integrated Circuit Systems (ICS), a leader in timing
solutions. Nu Horizons is a 15-year partner of ICS and will continue to distribute
their communications, SAW filter, silicon timing and video/graphic devices, as
well as the recently acquired Freescale Semiconductor's timing solutions product
portfolio.
"We
are very pleased to become an IDT distributor. Their industry-leading products
offer a broad range of vital solutions in advanced timing, switching, buffering,
and packet-processing technologies," said Dave Bowers, president of Nu Horizons
Distribution Division. "IDT's success in the communications market provides
advanced network solutions to meet the challenges of today's system designs. The
combination of IDT and ICS further strengthens our silicon-timing family offering
to deliver superior solutions for our customers."
"Nu
Horizons is a leading distributor with a track record for excellence in customer
service, technical support and global logistics," adds Julian Hawkins, vice
president world wide sales for IDT. "With their focus on demand creation,
we expect our partnership to increase IDT's presence across numerous applications
and markets. Building upon Nu Horizons successful ICS relationship, we look forward
to utilizing their technical sales, engineering and solutions expertise to promote
our product lines to a broader spectrum of customers."
About
IDT
IDT is a global leader in semiconductor solutions for advanced network
services. IDT serves communications equipment vendors by applying its advanced
hardware, software and memory technologies to create flexible, highly integrated
products that enhance the functionality and processing of network equipment. IDT
accelerates innovation with products such as network search engines (NSEs), flow-control
management (FCM) ICs and its commitment to and products for standards-based serial
switching. The portfolio also comprises products optimized for communications
applications, including telecom products, FIFOs, multi-ports, and timing solutions.
In addition, the product mix includes high-performance digital logic and high-speed
SRAMs to meet the requirements of leading communications companies.
Headquartered
in San Jose, Calif., the company employs approximately 2,500 people worldwide
and has a wafer manufacturing facility in Oregon, and an assembly and test facility
in Malaysia. IDT stock is traded on the NASDAQ Stock Market® under the symbol
"IDTI." The company is included in the S&P 1000, which is a combination
of the S&P MidCap 400 and S&P SmallCap 600 Indices, and is also part of
the S&P SuperComposite 1500, which combines the S&P 500, MidCap 400, and
SmallCap 600.
About
Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. is a leading
global distributor of high technology active components and systems to a wide
variety of commercial original equipment manufacturers (OEMs) and Electronic Manufacturing
Services providers (EMS). With sales facilities in forty-five locations across
North America and Asia and regional logistics centers throughout the globe, Nu
Horizons partners with a limited number of best-in-class suppliers to provide
in-depth product development, custom logistics and life-cycle support to its customers.
Information on Nu Horizons and its services is available at http://www.nuhorizons.com.
IDT, Interprise
and the IDT logo are trademarks of Integrated Device Technology, Inc. Other brands,
product names and marks are trademarks, registered trademarks, or trade names
of their respective owners.
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. |
