Oki
Semiconductor and Nu Horizons Electronics Corp. Announce
Exclusive North American Partnership Agreement
Sunnyvale,
CA and Melville, NY - October 4, 2005 - Oki Semiconductor,
a leading technology partner in the new era of digital
communications and convergence; and Nu Horizons Electronics
Corp. (NASDAQ:NUHC), a leading distributor of advanced
technology active components and system solutions; today
announced a new agreement under which Nu Horizons will
become the exclusive full service demand creation distributor
of Oki's extensive product offering throughout North America.
Under the terms of this agreement, Nu Horizons will service
Oki's entire North American account base. Oki and Nu Horizons
entered their original partnership agreement in September,
2001.
Commenting
on this new agreement, Michael Brown, executive vice president,
Oki Semiconductor said, "Nu Horizons has proven to
be leader in global customer design creation and support,
as well as logistical services. By choosing to partner
exclusively with Nu Horizons, we are providing our customers
with a focused effort on service, an immediate access
to world-class fulfillment capabilities, and the in-depth
product and solutions expertise Nu Horizons offers."
"We
have enjoyed a successful four-year partnership with Oki,
and are very pleased they have chosen Nu Horizons as their
exclusive North American distributor," states Dave
Bowers, president of Nu Horizons Distribution division.
"As our market and growth strategies have always
been synergistic, we look forward to servicing all new
and existing Oki customers and providing Oki with plentiful
opportunities for increased design wins across the spectrum
of their diverse product portfolio."
As
part of their exclusive partnership, Nu Horizons and Oki
Semiconductor recently announced a multi-city ARM-based
regional training seminar series featuring Oki's new lowest
cost advantage microcontroller evaluation kit (AME-51).
For additional specifics about the series, please log
on to www.nuhorizons.com/ame51.
About
Oki Semiconductor
Building on Oki's century-long commitment to communications
technologies and markets, Oki Semiconductor designs and
markets a broad line of advanced integrated circuits for
telecommunications, network, automotive, computer and
consumer products. Oki's distribution channel includes
Nu Horizons Electronics Corp. and catalog distributor
Mouser. Their product lines include telecommunications,
RF, laser, networking, speech synthesis, ASIC, microcontroller
and memory devices, offered in a variety of creative packages.
Founded in 1977 and headquartered in Sunnyvale, California,
Oki Semiconductor is a division of Oki America Inc., which
is a subsidiary of Oki Electric Industry Co, Ltd. Oki
has ISO-9000-certified manufacturing facilities in Japan
and Thailand. Information on Oki Semiconductor and its
products is available at www.okisemi.com/us.
About
Nu Horizons Electronics Corp.
Nu Horizons is a leading global distributor of advanced
technology active components and system solutions, 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.
Advantage
Microcontrollers is a trademark of Oki Semiconductor and
Oki Electric, Ltd.
ARM
and ARM7TDMI are registered trademarks of ARM Limited.
ARM7 is a trademark of ARM Limited. ARM is used to represent
ARM Holdings plc (LSE:ARM and NASDAQ: ARMHY); its operating
company ARM Limited; and the regional subsidiaries ARM,
Inc.; ARM KK, ARM Korea LTD.; ARM Taiwan; ARM France SAS;
and ARM Consulting (Shanghai) Co. Ltd.
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