Xilinx
Expands Distribution Channel to India through
Nu Horizons Electronics Corp.
Expansion Extends Long Standing Partnership
Agreement Outside of the Americas into Asia
San
Jose, CA and Melville, NY - March 9, 2004 - Xilinx
Inc. (NASDAQ: XLNX), the world-leading supplier of programmable
logic solutions, and Nu Horizons Electronics Corp. (NASDAQ:NUHC),
a leading distributor of high technology active components,
today announced the expansion of their long-standing product
service and market distribution agreement to extend beyond
the Americas, specifically into the country of India.
This agreement is effective immediately and marks the
first franchise agreement outside of North and South America
between the two companies since their partnership inception
in 1987.
"As
Asia Pacific continues to play a prominent strategic role
in Xilinx's global expansion, we are pleased to add Nu
Horizons to our worldwide distribution network,"
said David Loftus, managing director of Asia Pacific at
Xilinx. "The Nu Horizons demand creation model has
led to a successful partnership between our organizations.
This model, combined with our aggressive growth strategy
for all programmable logic devices, made expanding into
India our next logical step."
Nu
Horizons will manage the Xilinx distribution program from
its existing facility in Bangalore, in addition to its
New Delhi facility, which is scheduled to open in April
2004. The distribution of all Xilinx FPGAs, CPLDs, software
and development tools, and intellectual property cores,
as well as all demand creation and engineering support,
will also be regionally based from the dual locations.
Vick
Aggarwala, president of Nu Horizons Asia Pacific concludes,
"Xilinx's leadership in the programmable logic space
enhances the existing strengths of our product portfolio
in India. Our commitment to provide leading-edge technologies,
coupled with the Xilinx reputation for supreme quality
and performance, will provide seamless global support
and long-term success to our growing customer base within
the region."
In
related news, Xilinx recently announced the establishment
of the Xilinx-CMC India Development Centre (XIDC) in Hyderabad,
India. As one of Xilinx's first research and development
facility in Asia Pacific, the Centre will focus on developing
FPGA solutions targeted at high-growth markets, such as
digital consumer electronics, automotive and communications.
The Centre was developed in strategic partnership with
CMC Limited, a Tata Group company and leading provider
of embedded and real-time hardware and software solutions
in India.
About
Xilinx Inc.
Xilinx is the world's leading supplier of programmable
logic solutions, one of the fastest growing segments of
the semiconductor industry.
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading global 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-five
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. |
