Nu Horizons Electronics
Corp. Announces Global Partnership Agreement with IBM
Melville,
NY - September 13, 2005 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading
distributor of advanced technology active components and system solutions, today
announced the signing of a global distribution agreement with IBM. The agreement
is effective immediately, partnering IBM and Nu Horizons in the United States,
Canada, Mexico, Brazil, China, Taiwan, Malaysia, Singapore, India, Australia and
New Zealand.
Under
the terms of this agreement, Nu Horizons will distribute IBM's PowerPC Microprocessor
family, Digital Video and Static Random Access Memory (SRAM) products.
"Nu Horizons' successful
demand creation model, technical expertise and global fulfillment capabilities
are an excellent match for IBM's product offering," said Craig Luhrmann,
director of Worldwide Distribution Channel Sales for IBM. "We look forward
to building on the engineering, technical sales and marketing resources Nu Horizons
offers to promote our product lines globally."
"IBM's
strong semiconductor offering is supported by world-class facilities and rich
brand heritage," said Dave Bowers, president of Nu Horizons' Distribution
division. "This partnership agreement fills a much needed void for advanced
microprocessor products and solutions within Nu Horizons' offering and provides
our customers with an elevated level of technologically advanced products and
system solutions synergistic to our other suppliers. We welcome IBM to our distribution
network and look forward to a rewarding and beneficial relationship."
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.
IBM, eServer, Power Architecture, TotalStorage
are trademarks or registered trademarks of International Business Machines Corporation.
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