Sharp
Microelectronics and Nu Horizons Announce North American
Distribution Agreement
CAMAS,
Wash. and MELVILLE, NY – February 5, 2003 – Sharp Microelectronics of the Americas and Nu Horizons
Electronics Corp. (NASDAQ:NUHC) today announced an agreement
establishing Nu Horizons as an authorized distributor
for Sharp’s full line of microcontrollers, memory,
optoelectronics and LCD display products. The agreement
encompasses selling rights for North America.
Under
the terms of the partnership, Nu Horizons will represent
Sharp’s core digital technologies and components
for Internet appliances, industrial, telecommunications
and home/office automation markets in North America. This
agreement represents an extension of Sharp’s commitment
to the North American design community and strengthens
its ability to provide to its customers a full range of
integrated solutions to reduce their time to market for
applications developed here.
“When
developing distribution agreements, we look to partner
with companies that understand the design requirements
of our customers,” said Qais Sharif, Vice President
of Sales for Sharp Microelectronics of the Americas. “Nu
Horizons’ limited semiconductor line card and its
focused engineering resources make it a good resource
to promote Sharp’s products, particularly system-on-chip.
Nu Horizons has a demonstrated track record of working
with our target customers from the earliest stages of
the design process to provide exactly the right components
and technical expertise for their entire system design.”
“Sharp’s
leadership in LCDs, combined with their system-on-chip
technology and their synergistic product lineup give Nu
Horizons an established position marketing a complete
system solution,” said Dave Bowers, executive vice
president of sales and marketing at Nu Horizons. “The
addition of Sharp’s broad line of products adds
higher-level solutions for our customer base, and we are
confident that the knowledge and expertise of our sales
and field engineering teams will be effective in winning
designs and gaining marketshare for Sharp.”
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading distributor of high technology
active components, including analog, communications, computer
products, discretes, optical, logic & peripherals,
memory, microcontrollers, specialty products and sub-system
products to a wide variety of commercial original equipment
manufacturers (OEMs) throughout North America. With sales
facilities in twenty-six locations, Nu Horizons partners
with a limited number of the 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.
About
Sharp Microelectronics of the Americas
Sharp Microelectronics of the Americas, Camas, Wash.,
is a U.S.-based company and a division of Sharp Electronics
Corporation, which is a subsidiary of Sharp Corporation,
Osaka, Japan. Sharp is a worldwide developer of core digital
technologies that are playing an integral role in shaping
the next generation of electronic products for consumer
and business needs. Sharp Microelectronics of the Americas
offers breakthrough memory, LCD, opto, CCD, RF/IR, microcomputer
and system-on-chip components, along with packaging and
integration skills that help design engineers throughout
North and South America bring their ambitious ideas to
market. Sharp Microelectronics of the Americas is dedicated
to improving people’s lives through the use of advanced
technology and a commitment to innovation, quality, value
and design. For more information, visit www.sharpsma.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 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. |
