Nu
Horizons Electronics Corp. to Distribute Smart Power Systems Power Protection
Products and Solutions in North America
Distribution Agreement Addresses Communication Market Segment
Customer
Demands for High Reliability Systems
Melville,
NY - December 17, 2004 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading
distributor of high technology active components, today announced an agreement
to distribute the complete line of power devices from Smart Power Systems, a global
manufacturer of power protection devices. This agreement is effective immediately,
and establishes distribution rights in North America to address customer communication
market segment demands for high reliability systems.
"Partnering
with Nu Horizons provides Smart Power Systems with the means to expand its capabilities
in the communication and computing solutions markets," said Bahram Mechanic,
president of SmartPower Systems. "Nu Horizons strong sales and engineering
support teams provide an excellent channel to promote our full product portfolio."
Dan
Romanelli, vice president of the Sun Business Unit at Nu Horizons explains, "Microprocessor-based
equipment is extremely sensitive to electrical surges and spikes. As a result,
customers need computer grade power products to ensure reliability and performance.
SmartPower Systems TBF™ (Transformer Based Filter) Technology provides innovative
and highly effective power filtration and protection products that not only protect
connected equipment, but maximize equipment performance, reduce service costs
and eliminate data loss for our customers."
Nu
Horizons is a Sun Microsystems Channel Development Provider, selling Sun servers,
workstations, storage and software to original equipment manufacturers (OEM's).
The company's Sun Business Unit provides inventory management, logistics and engineering
services to customers who embed Sun technology into their end solutions. Through
their network of Sun authorized partners, Nu Horizons also offers customers outsourced
manufacturing and complex integration services.
About
Smart Power Systems
Smart Power Systems is a privately held corporation
based in Houston, TX with manufacturing facilities in Houston and Taiwan. SmartPower
Systems manufactures patented Power Filters, Uninterruptible Power Supplies, Automatic
Voltage Regulators, Surge Filters and Isolation Transformer-based Line Conditioners,
used in computer, copier, facsimile, multi-media, internet, electronic cash registers,
POS, laboratory, healthcare, process control and telecommunications systems.
About
Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. 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.
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.
Sun,
Sun Microsystems, iForce Partner and the Sun logo are trademarks or registered
trademarks of Sun Microsystems, Inc. in the United States and other countries.
All other company and/or product names may be trade names, trademarks and/or registered
trademarks of the respective owners with which they are associated. |
