Nu
Horizons Electronics Corp. Expands Distribution Agreement
with Clare, Inc. into Asia
Expansion Targets Regional Growth for all Solid-State
Relay and Communication Integrated Circuit Products
Melville,
NY - December 15, 2004 - Nu Horizons Electronics Corp.
(NASDAQ:NUHC), a leading distributor of high technology
active components, today announced their expanded Asian
partnership agreement with Clare, Inc., a leader in the
design and manufacture of solid-state relays and high
voltage integrated circuits. This expansion augments the
existing North American relationship between both companies
and establishes distribution rights for all solid-state
relay products and communication IC's within the countries
of Malaysia, North and South China, the Philippines, Singapore
and Thailand.
"Nu
Horizons has built a successful demand creation model
and stable Asian distribution program, which were the
two key factors in expanding our partnership," said
Mark Heisig, vice president and general manager of Clare
Inc. "We look forward to collaborating to improve
our product design capabilities, while broadening our
global distribution network."
Vick
Aggarwala, president of Nu Horizons Electronics Asia Pte
Ltd adds, "We are very pleased to expand our partnership
with Clare to enhance the breadth of products and solutions
we offer in Asia. Clare's leading reputation in designing
and manufacturing solid-state relay and high-voltage products
provides an additional level of value-added products and
solutions to our growing customer base in the Asia Pacific
region."
About
Clare Inc.
Clare Inc. is a leader in the design and manufacture of
solid-state relays and high voltage integrated circuits.
Clare's products include solid-state relays; high-voltage
solar cell products and communication ICs such as Line
Card Access Switch (LCAS) products used in central office
infrastructure applications and the Litelink™ Silicon
Data Access Arrangement (DAA) phone line interface used
in VOIP telephony gateways; IP-PBX; embedded modems in
POS terminals and other customer premise applications.
Additional information about Clare may be found at www.clare.com.
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading global distributor of high technology
active components, including analog, clock and timing
devices, communications, computer products, discretes,
flat panel display solutions, interface, logic, memory,
microcontrollers and microprocessors, opto electronics
and power, to a wide variety of commercial original equipment
manufacturers (OEMs). With sales facilities in thirty-seven
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.
About
Nu Horizons Electronics Asia Pte Ltd.
Nu Horizons Electronics Asia Pte Ltd. is a wholly-owned
subsidiary of Nu Horizons Corp, a global distributor of
high technology active components. Headquartered in Singapore,
Nu Horizons has sales facilities in 11 regional locations
including: Hong Kong, Shanghai and Shenzhen (China); Bangalore,
Hyderabad, Mumbai and New Delhi (India); Penang (Malaysia);
Singapore; Seoul (South Korea); and Taipei (Taiwan). Additional
Information on Nu Horizons Electronics Asia Pte Ltd. 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. |
