Toshiba
Adds Nu Horizons to its Distribution Line-up Covering
North America
Technology
leader strengthens distribution efforts; rounds out coverage
IRVINE,
Calif., October 1, 2002 – Further strengthening
its distribution reach in North America, Toshiba America
Electronic Components, Inc. (TAEC)* today announced an
agreement with Nu Horizons Electronics Corp. (NUHC), establishing
Nu Horizons as an authorized distributor for TAEC’s
line-up of semiconductors, flash memory, RF and microwave,
and optical communication devices for the computing, wireless,
networking, automotive and digital consumer markets. Effective
October 1, 2002, Nu Horizons joins TAEC’s list of
leading distributors, which includes Arrow Electronics,
Avnet and Insight Electronics, Inc.
In
accordance with this agreement, Nu Horizons will handle
distribution for TAEC’s complete semiconductor line,
with the exception of liquid crystal displays (LCDs) and
insulated gate bipolar transistors (IGBTs). Coverage will
include the United States, Canada and Mexico.
“Distribution is a key element in the success of
our sales channel and so careful selection of the best
distributors to meet our needs is crucial,” said
George Rea, director or distribution sales for TAEC. “We
are very pleased to add Nu Horizons to our list of distributors
in order to establish the best possible coverage of the
distribution channel. We’ve worked with Nu Horizons
in the past and believe their in-depth technical knowledge
and strong focus on emerging markets is an excellent choice
to round out our distribution coverage.”
“We
look forward to working with TAEC once again to promote
their technology leadership and wide breadth of products
within the distribution channel,” said Arthur Nadata,
Nu Horizons president. “TAEC has a strong distribution
presence in North America and we are pleased to have been
selected to further the company’s efforts in this
area.”
About
Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp., is a leading distributor
of high technology active electronics, including semiconductors,
sub-system and system products, to a wide variety of commercial
original equipment manufacturers (OEMs) and EMS (Electronic
Manufacturing Service) providers throughout North America.
With sales facilities in twenty-six locations and logistics
centers in four centralized locations throughout the globe,
Nu Horizons partners with a focused number of the best-in-class
suppliers to provide in-depth product and engineering
expertise to its customers. Information on Nu Horizons
and its services is available at www.nuhorizons.com.
*About
TAEC
Combining quality and flexibility with design engineering
expertise, TAEC brings a breadth of advanced, next-generation
technologies to its customers. This broad offering includes
semiconductors, flash memory-based storage solutions,
optical communication devices, displays and rechargeable
batteries for the computing, wireless, networking, automotive
and digital consumer markets.
TAEC is an independent operating company owned by Toshiba
America, Inc., a subsidiary of Toshiba, the second largest
semiconductor company worldwide in terms of global sales
for the year 2001 according to Gartner/Dataquest’s
Worldwide Semiconductor Market Share Ranking. Toshiba
is a world leader in high-technology products with more
than 300 major subsidiaries and affiliates worldwide.
For additional company and product information, please
visit TAEC’s website at chips.toshiba.com.
For technical inquiries, please e-mail Tech.Questions@taec.toshiba.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.
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