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FOR IMMEDIATE RELEASE
 
Nu Horizons Editorial Contact:
Dave Bowers
(631) 396-5000
dbowers@nuhorizons.com
 
 
 

Nu Horizons Electronics Corp. Announces Global Partnership Agreement with IBM

Melville, NY - September 13, 2005 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading distributor of advanced technology active components and system solutions, today announced the signing of a global distribution agreement with IBM. The agreement is effective immediately, partnering IBM and Nu Horizons in the United States, Canada, Mexico, Brazil, China, Taiwan, Malaysia, Singapore, India, Australia and New Zealand.

Under the terms of this agreement, Nu Horizons will distribute IBM's PowerPC™ Microprocessor family, Digital Video and Static Random Access Memory (SRAM) products.

"Nu Horizons' successful demand creation model, technical expertise and global fulfillment capabilities are an excellent match for IBM's product offering," said Craig Luhrmann, director of Worldwide Distribution Channel Sales for IBM. "We look forward to building on the engineering, technical sales and marketing resources Nu Horizons offers to promote our product lines globally."

"IBM's strong semiconductor offering is supported by world-class facilities and rich brand heritage," said Dave Bowers, president of Nu Horizons' Distribution division. "This partnership agreement fills a much needed void for advanced microprocessor products and solutions within Nu Horizons' offering and provides our customers with an elevated level of technologically advanced products and system solutions synergistic to our other suppliers. We welcome IBM to our distribution network and look forward to a rewarding and beneficial relationship."

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 forty-three 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.
IBM, eServer, Power Architecture, TotalStorage are trademarks or registered trademarks of International Business Machines Corporation.

 
 

 

 

 

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