Austriamicrosystems
AG and Nu Horizons Electronics Asia Pte. Ltd. Announce Distribution Partnership
Agreement for Asia Pacific Region
Agreement
to Propel Sales Growth for austriamicrosystems' High Performance ASSP and Standard
Linear IC Products
Unterpremstaetten,
Austria and Singapore - 6 January 2005 - austriamicrosystems AG (SWX: AMS),
a leading global designer and manufacturer of analog integrated circuits (ICs)
for industrial, medical, communications and automotive applications; and Nu Horizons
Electronics Asia Pte. Ltd. (NASDAQ:NUHC), a leading distributor of high technology
active components; today announced a partnership agreement to distribute austriamicrosystems'
ASSP and Standard Linear IC products throughout Asia Pacific.
Under
the agreement, which is effective immediately, Nu Horizons will distribute austriamicrosystems'
entire line of standard semiconductor products within the countries of Australia,
China, India, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan and
Thailand. All demand creation, engineering support and product distribution will
be managed locally through Nu Horizons' offices.
With
headquarters in Singapore and offices throughout the Asia Pacific region, Nu Horizons
is a leading force in high technology component distribution in Asia Pacific and
provides full coverage of all major market segments in the region. austriamicrosystems,
headquartered in Austria with 16 locations worldwide, is strongly positioned in
the global analog semiconductor market offering customized and standard products.
austriamicrosystems is actively expanding its ASSP (Application Specific Standard
Products) and Standard Linear portfolio with ASSPs targeting industrial control,
communications and automotive markets, among others, and Standard Linear products
for a wide variety of applications.
"Nu
Horizons has built a successful Asian distribution program that offers manufacturers
premium service and support capabilities," said Carlo Rebughini, head of
sales for austriamicrosystems. "We expect our partnership to strengthen our
regional distribution presence within the communications, industrial, medical
and automotive market segments. Given our focus on expanding our standard product
offering, our goal was to partner with a distributor offering excellent market
access and a dynamic sales approach to support our standard product and Standard
Linear strategy. We look forward to utilizing Nu Horizons' engineering team and
their solutions expertise to promote our product lines to a broad spectrum of
customers in the Asia Pacific region."
Vick
Aggarwala, president of Nu Horizons Asia Pacific, adds, "We are very excited
about the partnership with austriamicrosystems and look forward to a successful
and prosperous relationship. austriamicrosystems' long-standing reputation in
analog design and manufacturing strengthens the Nu Horizons line card for all
linear and analog products throughout Asia. This agreement enables all Nu Horizons
customers to design enhanced, technologically competitive products within the
Asian marketplace."
About austriamicrosystems AG
austriamicrosystems
is a leading designer and manufacturer of high performance analog ICs, combining
more than 20 years of analog design capabilities and system know-how with its
own state-of-the-art manufacturing and test facilities. austriamicrosystems leverages
its expertise in low power and high accuracy to provide industry-leading customized
and standard analog products. Operating worldwide with more than 800 employees,
austriamicrosystems focuses on the areas of power management, sensors & sensor
interfaces, portable audio and car access through its business units Communications,
Industry & Medical, Automotive and Full Service Foundry. austriamicrosystems
is listed on the SWX Swiss Exchange in Zurich (ticker symbol: AMS). For more information
please visit www.austriamicrosystems.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, Europe 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 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://ap.nuhorizons.com
Except for historical information contained herein, the matters set forth in this news
release are forward looking statements. When used in this press release, words
such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to Nu Horizons or its
management, identify forward-looking statements. Such forward-looking statements
are based on the current beliefs of Nu Horizons' management, as well as assumptions
made by and information currently available to its management. Forward-looking
statements 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 electronics 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. Such statements
reflect our current view with respect to the future and are subject to these and
other risks, uncertainties and assumptions relating to Nu Horizons' financial
condition, results of operations, growth strategy and liquidity. The Company does
not undertake any obligation to update its forward-looking statements.
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