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FOR IMMEDIATE RELEASE
 
Nu Horizons Editorial Contact:
Dave Bowers
631-396-5000
dbowers@nuhorizons.com
Logic Editorial Contact:
Eric Harnisch
612.672.9495
eric.h@logicpd.com
 
 

Nu Horizons Electronics Corp. and Logic Product Development
Expand Global Partnership Agreement

Strategic Expansion Offers Highly Integrated Embedded Computing Solutions for Customers in the Medical, Industrial and Consumer Markets

Minneapolis, MN and Melville, NY- June 6, 2005 - Logic Product Development (Logic), a leading embedded computing solutions provider and world-class product development services company; and Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading distributor of high technology active components, systems and displays; today announced the expansion of their global partnership agreement. This expansion builds on the successful third-party hardware and software agreement between both companies for ARM-based technologies from Sharp Microelectronics and the SuperH®-based technologies from Renesas. Additionally, Nu Horizons will now offer Logic's board level products based on the low-power AMD Geode™ X86 and Intel PXA270 Xscale® microprocessors.

Logic's product-ready embedded computing products are an off the shelf hardware and software solution that enables Original Equipment Manufacturers (OEMs) to immediately begin software application development, which typically reduces their time to market by six to nine months. OEMs can focus on their core competencies, such as sensors, algorithms, and software applications, which typically provide the source of market differentiation and success.

"Nu Horizons possesses the experience, global reach, logistical capabilities and design solutions necessary to ensure our customers have the right tools to be successful," said Troy Kopischke, executive vice president for Logic. "Customers will leverage these integrated offerings to simplify their product development and accelerate time to market."

Dave Bowers, president of Nu Horizons distribution division adds, "The mutual goal of Nu Horizons and Logic is to provide design solutions that exceed customer's expectations. Nu Horizons' ability to deliver those solutions is now enhanced by the addition of Logic's System on Module and Single Board Computer products. Logic's integrated product development services may be leveraged by customers seeking time to market efficiencies. Logic provide configurable, off the shelf technologies and design services, which enable customers to get to market faster."

About Logic Product Development:
Logic Product Development was founded in 1961 and is based in Minneapolis, Minnesota. Logic is a world-class product development services and Embedded Computing Products provider with more than forty years of experience helping customers get new products to market faster. Logic's integrated approach and quality systems enable multiple disciplines to work concurrently on customer's product development activities, greatly reducing development time and accelerating market launch. Logic's Product Development Services group offers a comprehensive array of capabilities with unmatched access to technologies in the medical, industrial, and consumer markets and the Embedded Products group provides embedded computing solutions that enable customers to rapidly develop embedded products.

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.

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.

 
 

 

 

 

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