Nu Horizons Electronics Corp. and OSRAM Opto Semiconductors, Inc. Announce North American Partnership Agreement for Distribution of Optical Semiconductor Component Products

Melville, NY and San Jose, CA - October 3, 2006 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading global distributor of advanced technology semiconductor, display and system solutions; and OSRAM Opto Semiconductors, Inc., one of the worldwide leaders in light-emitting diode (LED) technology; today announced a partnership agreement throughout the United States, Canada and Mexico effective October 1, 2006.  This agreement involves the distribution of OSRAM’s LEDs, Silicon Photo Detectors, Optical Sensors, Infrared Emitters, High-Power Laser Diodes, Organic LEDs (OLED) and Intelligent Display products.

OSRAM Opto Semiconductors focuses its product offering on current growing markets such as general illumination, projection, LCD display backlighting, automotive interior and exterior lighting, and mobile communications with organic and classic light emitting diodes used as innovative light sources.

“OSRAM looks forward to working with a world-class distributor such as Nu Horizons to broaden our opto semiconductor products reach and allow greater penetration into our key target markets,” states Tom Shottes, president and CEO, OSRAM Opto Semiconductors, Inc. “Nu Horizons possesses the fulfillment capabilities, technical design solutions and industry experience necessary to ensure optimal service and support for our valued customers.”

Dave Bowers, president of Nu Horizons Distribution Division adds, “OSRAM is a leader in bringing to market optoelectronic devices that enable customers to create new semiconductor-based lighting products. This partnership provides Nu Horizons an entry into the lighting market and allows our company to synergistically work with multiple partners across our line card to satisfy diverse customer requirements. We are particularly excited about OSRAM’s innovative OLED offering. It’s a great addition to our flat panel display business.”

About OSRAM Opto Semiconductors
OSRAM Opto Semiconductors is a wholly owned subsidiary of OSRAM, one of the world’s leading lighting manufacturers. It offers its customers solutions based on semiconductor technology for lighting, sensor and visualization applications. The company operates sites in Regensburg (Germany), San Jose (USA) and Penang (Malaysia). For the fiscal year ending in September 2005, the more than 3,500 employees of OSRAM Opto Semiconductors achieved a sales volume of 452 million euros. For more information, visit www.osram-os.com.

About Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. is a leading global distributor of advanced technology semiconductor, display and system solutions to a wide variety of commercial original equipment manufacturers (OEMs) and Electronic Manufacturing Services providers (EMS). With sales facilities in 49 locations across North America, Europe 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

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.