Vitesse
Semiconductor and Titan Logistics Corp. Announce Asia
Logistics Agreement
Centralized
Order Fulfillment To Reduce Shipment Costs and Streamline
Delivery of Products
Camarillo,
CA — November 12, 2002 — Vitesse
Semiconductor Corporation today announced, to best serve
its customers in Asia, it will offer local order fulfillment
and logistic services of products to this region. Through
an agreement with Titan Logistics Corp., Vitesse is providing
its EMS (Electronic manufacturing services) and CM (Contract
manufacturers) customers with a dedicated source to meet
their fulfillment needs. Local customer service representatives
will be available to process orders, expedite shipments
and monitor inventory requirements. All products for the
region will be warehoused and shipped from Titan Logistics’
facility in Singapore.
“Vitesse
is committed to worldwide customer service. By providing
a centralized order fulfillment center, we can provide
real-time response to our Asia-based customers and assist
in streamlining their delivery of next-generation systems
to market,” said Phil Richards, vice president of
Channel and Partner Sales. “Working with Titan Logistic
will be seamless to our customers. They mirror our high-standards
for best-in-class service and on-time delivery.”
“
We are very pleased that Vitesse has chosen Titan as its
logistics service provider in Asia,“ said Jim Buzaid,
vice president & general manager of Titan Logistics
Corp. “Titan’s global supply chain model and
systems platform will enable Vitesse to provide quality
services to its customers in the region. We share a common
vision that an efficient supply chain can make a significant
impact in growing business globally.”
The
agreement with Titan Logistics Corp. will serve Singapore,
Thailand, Malaysia, Hong Kong and P.R.C. and will be expanded
as required. The company is a wholly owned subsidiary
of North American based distributor, Nu Horizons Electronics
Corp. (Nasdaq:NUHC). Vitesse will begin distribution of
products through Titan Logistics beginning 12/01, 2002.
About
Vitesse
Vitesse Semiconductor Corporation is a leading designer
and supplier of innovative, high-performance integrated
circuits (ICs) and optical modules used in next generation
networking and optical communications equipment. The Company's
products address the needs of Enterprise, Access, Metro,
Core, and Optical Transport network equipment manufacturers
who demand a robust combination of high-speed, high-service
delivery and low-power dissipation in their products.
In concert with its broad communications product portfolio,
Vitesse also develops ICs for storage area networking
and enclosure management. Vitesse is headquartered in
Camarillo, Calif, and operates two fabrication facilities:
one in Camarillo and one in Colorado Springs, Colo. Company
and product information is available by calling 1-800-VITESSE
or at www.vitesse.com.
About
Titan
Titan Logistics Corp., a wholly owned subsidiary of Nu
Horizons Electronics Corp. (NASDAQ:NUHC), provides global
contract supply chain solutions. Titan’s information
services, value-added capabilities and regional logistics
centers enable its customer to service their global needs.
Titan Logistics Corp. services Southeast Asia through
its affiliate Titan Supply Chain Services, PTE. Information
on Titan and its services is available at www.titanlogistics.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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