Nu Horizons Electronics Corp. Announces Dedicated Portal to Address Lead Free Directives Restricting the Use of Hazardous Substances
Informative Online Resource to Help Nu Horizons Customers with Lead-Free Initiatives
Melville, New York - March 4, 2004 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading distributor of high technology active components, today announced the creation of a dedicated web portal providing the most up to date information on the development of lead-free component products available from its suppliers. This portal, accessible at http://www.nuhorizons.com/rohs, is designed to aid Nu Horizons' customers in preparation for the European Union (EU) electronic industry directives restricting the use of hazardous substances, such as lead (Pb), in the manufacture of all electrical and electronic equipment.
"The electronic industry's progression toward utilizing environmentally-sensitive technology has become an increasing issue of concern for our customers," states Dave Bowers, Nu Horizons executive vice president of sales and marketing. "In response to their inquiries, Nu Horizons has developed this lead-free portal as a one-stop resource center of information to assist in obtaining compliance directives for all of our franchised suppliers."
Nu Horizons' portal offers detailed information on environmentally friendly processes that adhere to EU mandates, in addition to providing information on the availability of lead-free products within the company's franchised supplier base. Updated frequently, this portal administers direct links to all supplier websites addressing this topic, as well as pertinent industry and environmental reference organizations.
The use of Pb has long been recognized as a harmful environment pollutant. OEM initiatives and legislation are being implemented globally to drive the removal of Pb and other harmful materials from electronic products as a result of the edicts of two EU directives: the Restriction on Hazardous Substances (RoHS), addressing the use of certain materials in electrical and electronic equipment, and the Waste from Electrical and Electronic Equipment (WEEE) which also has significant implications for all manufacturers. The final deadline for compliance is decreed for July 1, 2006.
About Nu Horizons Electronics Corp.
Nu Horizons is a leading global distributor of high technology active components, including analog, communications, discretes, optical, logic & peripherals, memory, microcontrollers, system on chip (SOC), board level and computer system products to a wide variety of commercial original equipment manufacturers (OEMs). With sales facilities in thirty-five 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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