Exar Expands Distribution Agreement with Nu Horizons Electronics Globally
Melville, NY - November 28, 2007 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading global distributor of advanced technology semiconductor, display, illumination, power and system solutions, and Exar Corporation (NASDAQ:EXAR), today announced the expansion to their existing distribution agreement to include worldwide franchised rights for Exar's full line of Communications, Interface and Power products, including the recently acquired Sipex portfolio of Power Management, LED Backlighting and Interface devices.
Exar designs, develops and markets power management and connectivity silicon solutions for a wide array of applications such as portable devices, home media gateways, communications systems, and industrial automation equipment.
"We firmly believe by extending our full product offering to Nu Horizons globally, we can leverage their knowledgeable sales team, technical acumen and tools to create new revenue streams for Exar," said Gene Schaeffer, vice president worldwide sales, Exar Corporation.
"This global expansion reaffirms the success of our 21 year relationship," adds Rita Megling, senior vice president of marketing for Nu Horizons. "The addition of Exar's Interface and Power products complements our technology solutions portfolio by strengthening the products available to our customers within the consumer, networking and industrial markets."
About Exar
Exar Corporation is Powering Connectivity by delivering highly differentiated silicon solutions empowering products to connect. With distinctive knowledge in analog and digital technologies, Exar enables a wide array of applications such as portable devices, home media gateways, communications systems, and industrial automation equipment. Exar has locations worldwide providing real-time system-level support to drive rapid product innovation. For more information about Exar, visit http://www.exar.com.
About Nu Horizons Electronics Corp
Nu Horizons Electronics Corp. is a leading distributor of advanced technology semiconductor, display, illumination, power and system solutions to a wide variety of commercial original equipment manufacturers (OEMs) and electronic manufacturing services provides (EMS). With sales facilities in 51 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, customer logistics and life-cycle support to its customers. Information on Nu Horizons and its services is available at http://www.nuhorizons.com.
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