Nu Horizons Electronics and Logic Product Development Announce Global Partnership Agreement
Strategic Partnership Offers Time-to-Market Advantages by Providing Third Party Software/Hardware Embedded Platform Solutions to Customers

Minneapolis, Minn. and Melville, New York — July 8, 2003 — Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading distributor of high technology active components, and Logic Product Development (Logic), a world-class consulting services firm and embedded platform solutions provider,
today announced a global partnership agreement whereby Logic will provide third-party software and hardware development support and cost-effective, competitive embedded platform solutions (EPS) for Nu Horizons customers.

Logic has developed embedded platform solutions to accelerate time-to-market for Microcontroller (MCU) and System-on-Chip (SoC) customers by providing access to “product-ready” hardware and software development tools that support the ARM-based technologies from Sharp Microelectronics and SuperH® based technologies from Renesas, two of Nu Horizons leading franchised suppliers.  Logic's embedded solutions reduce product development time, cost, and risk - enabling customers to focus on delivering innovative solutions to their marketplace. The EPS products include Application Development Kits, compact Card Engines (embedded computing modules/single board computers), and software Board Support Packages (BSPs) for Windows® CE, Linux, and other RTOS, which allow for immediate application development.

"This partnership with Nu Horizons will further expand our embedded platform solutions reach to provide complete product-ready solutions for customers,” said Troy Kopischke, president and COO for Logic Product Development. “Our dedicated engineering and design teams, coupled with Nu Horizons extensive network of field application engineers (FAE’s), create the ideal balance of resources and technology to provide innovative customer support and application development environments.”

Dave Bowers, Nu Horizons executive vice president of sales and marketing, adds “One of the key strategies of Nu Horizons is to significantly expand our customer tool offerings.  We are very pleased to partner with Logic Product Development and are committed to providing the solutions and support necessary to enable our customers to get to market faster and more cost effectively.  This partnership enhances our line portfolio and development expertise ensuring our customers gain the proper advantages necessary to remain competitive in today’s marketplace.”

About Logic Product Development
Logic is a world class fully integrated consulting service and embedded platform solutions provider with a heritage of more than 40 years.   Logic’s product development process and high performance teams expertly combine user research, design, technology, and manufacturing to create innovative new products and product categories. Logic offers a comprehensive array of capabilities with unmatched access to technologies in medical, industrial and consumer markets that propel your ideas into successful, market defining products in less time, less risk, less cost …more innovation. For more information, visit www.logicpd.com or call (612) 672-9495.

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). With sales facilities in thirty-three locations across North America and Asia , 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. 

 

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.