Allegro
MicroSystems, Inc. Expands Distribution Channel with Nu
Horizons into China and India
Expansion Targets Regional Sales Growth for all Allegro
Products
Worcester,
MA and Melville, NY - May 20, 2004 - Allegro MicroSystems,
Inc., a leading supplier of advanced mixed-signal power
semiconductors and Hall-effect sensors, and Nu Horizons
Electronics Corp. (NASDAQ:NUHC), a leading distributor
of high technology active components, today announced
an expanded partnership agreement encompassing China and
India. This agreement is effective immediately and augments
the existing North American relationship between both
companies. Demand creation, engineering support and all
product distribution will be locally managed from Nu Horizons'
China facilities in Shenzhen, Hong Kong and Shanghai,
and Indian offices in Bangalore and New Delhi.
"Nu
Horizons has built a successful distribution program in
Asia that provides world-class service and support capabilities"
said Gene Taatjes, Senior Director of Far East Sales,
of Allegro MicroSystems, Inc.. "We expect our partnership
expansion into this vitally important region to propel
the sales growth of all Allegro products."
Vick
Aggarwala, president of Nu Horizons Asia Pacific adds,
"Allegro's strong product portfolio strengthens the
Nu Horizons line card and solutions offering throughout
China and India. We fully anticipate that Allegro's market
longevity and leading reputation for high-quality performance
devices will enable Nu Horizons to achieve greater regional
success."
About Allegro MicroSystems, Inc.
Allegro MicroSystems, Inc. is a supplier of advanced mixed-signal
power semiconductors and Hall-effect sensors targeted
toward the automotive, communications, computer/office
automation, consumer and industrial markets. It maintains
a leadership position in the integrated magnetic sensor
and integrated motor driver product segments. With over
2,000 employees, Allegro is headquartered in Worcester,
MA. Further information about Allegro, including free
samples of our products, can be found at www.allegromicro.com.
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. |
