Nu
Horizons Electronics Corp. Announces Exclusive North and
South American Distribution Agreement with Hynix Semiconductor
Inc.
Consignment Agreement Provides Leading-Edge
DRAM, SRAM and NAND Flash Products for Customers
Melville,
New York — January 8, 2004 — Nu Horizons
Electronics Corp. (NASDAQ:NUHC), a leading distributor
of high technology active components, today announced
an exclusive North and South American distribution and
consignment agreement with Hynix Semiconductor Inc., one
of the world’s largest suppliers of DRAM products.
This agreement encompasses exclusive distribution rights
for all Hynix memory products within the Americas, in
addition to global support for all Nu Horizons design
and fulfillment opportunities originating within North
America.
"We
are very much looking forward to having Nu Horizons as
our exclusive distributor in the Americas,” said
Farhad Tabrizi, vice president of worldwide marketing
for Hynix Semiconductor Inc. “This agreement provides
Hynix with the opportunity to expand our resources and
technology offerings to a broader customer base. Through
Nu Horizons sales force, network of field application
engineers and steadfast commitment to both demand creation
and fulfillment, we anticipate positive future results
in our sales channel distribution.”
“Hynix
enhances Nu Horizons offering of DRAM and NAND Flash products
with the addition of an industry-leading semiconductor
brand name,” adds Dave Bowers, Nu Horizons executive
vice president of sales and marketing. “We are honored
to become Hynix’s exclusive distributor in the America’s
and are eager for the opportunity to expand their product
reach and further elevate the services and memory solutions
now available to all Nu Horizons customers.”
Hynix’s innovative portfolio of memory products are
utilized in many of today’s growing markets, including:
PCs, servers, graphic workstations, graphic cards, cellular
phones, PDA’s, DVD players, set-top boxes, hard-disk
drives, modems and various other telecommunication, networking
and data storage devices.
About
Hynix Semiconductor Inc.
Hynix Semiconductor Inc. (HSI) of Ichon, Korea, is an
industry leader in the development, sales, marketing and
distribution of high-quality semiconductors, including
DRAM, SRAM, Flash memory and system IC devices. Hynix
Semiconductor is the world's leading DRAM supplier with
thirteen semiconductor-manufacturing facilities worldwide,
and production capacity of over 300,000 wafer starts per
month. In addition, Hynix is expanding its system IC business
unit with leading technology and added deep sub-micron
foundry services to strategically broaden its overall
semiconductor presence and achieve its goal of leading
the global semiconductor market. Hynix maintains worldwide
development, manufacturing, sales and marketing facilities. http://www.hynix.com
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading distributor of high technology
active components, including analog, communications, discretes,
optical, logic & peripherals, memory, microcontrollers,
system on chip (SOC), board level and computer system
products to a wide variety of commercial original equipment
manufacturers (OEMs). With sales facilities in thirty-three
locations across North America and Asia, and logistics
centers in centralized locations throughout the globe,
Nu Horizons partners with a limited number of 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. |
