Nu Horizons Electronics Corp. Announces Expanded North American
Partnership Agreement with Micrel Semiconductor into Greater
China
Melville,
NY and Singapore - June 13, 2006 - Nu Horizons Electronics
Corp. (NASDAQ:NUHC), a leading global distributor of advanced
technology semiconductor, display and system solutions,
today announced the expansion of their North American
distribution agreement with Micrel, Inc. (NASDAQ: MCRL)
into Greater China. In addition to North America, this
partnership now includes demand creation and fulfillment
of Micrel's analog, high bandwidth and Ethernet products
in Hong Kong, China and Taiwan.
"We
are very pleased to expand our relationship with Nu Horizons
into Greater China," states Mark Lunsford, vice president
of worldwide sales for Micrel Semiconductor. "Since
our partnership inception in 1991, Nu Horizons has successfully
demonstrated the ability to create demand for Micrel's
products through their motivated team of FAEs who are
supported by Nu Horizons' leading-edge global design tracking
software. They possess all the key attributes we seek
in a global distributor - world-class fulfillment, engineering
support and in-depth product and solutions expertise.
This expansion strengthens our partnership and compliments
Micrel's global growth strategy."
"Nu
Horizons looks forward to adding Micrel to our focused
line card in Greater China" adds Wendell Boyd, president
of Nu Horizons Asia Pte Ltd. "Micrel delivers high
performance products in rapidly growing end markets, providing
customers with technologically-advanced solutions necessary
to remain competitive in our fast-paced industry. In addition,
Micrel's fierce commitment to their customers' success
makes our partnership expansion a very valuable addition
to Nu Horizons Asia Pte Ltd."
About
Micrel, Inc.
Micrel
Inc., is a leading global manufacturer of IC solutions
for the worldwide analog, Ethernet and high bandwidth
markets. The Company's products include advanced mixed-signal,
analog and power semiconductors; high performance communication,
clock management, Ethernet switch and physical layer transceiver
ICs. Company customers include leading manufacturers of
enterprise, consumer, industrial, mobile, telecommunications,
automotive, and computer products. Corporation headquarters
and state-of-the-art wafer fabrication facilities are
located in San Jose, CA with regional sales and support
offices and advanced technology design centers situated
throughout the Americas, Europe and Asia. In addition,
the Company maintains an extensive network of distributors
and reps worldwide. Web: http://www.micrel.com.
About
Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. is a leading global distributor
of advanced technology semiconductor, display and system
solutions to a wide variety of commercial original equipment
manufacturers (OEMs) and Electronic Manufacturing Services
providers (EMS). With sales facilities in 47 locations
across North America, Europe and Asia and regional logistics
centers throughout the globe, Nu Horizons partners with
a limited number of best-in-class suppliers to provide
in-depth product development, custom logistics and life-cycle
support to its customers. Information on Nu Horizons and
its services is available at http://www.nuhorizons.com.
About Nu Horizons Electronics Asia Pte Ltd.
Nu Horizons Electronics Asia Pte Ltd. is a wholly-owned
subsidiary of Nu Horizons Corp, a global distributor of
advanced semiconductor, display and system solutions.
Headquartered in Singapore, Nu Horizons has sales facilities
in 17 regional locations including: Australia (Melbourne),
Greater China (Beijing, Chengdu, Hong Kong, Nanjing, Shanghai,
Shenzhen, Wuhan and Taipei), India (Bangalore, Hyderabad,
Mumbai and New Delhi), Malaysia (Penang), Singapore, South
Korea (Seoul) and Thailand (Bangkok). 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
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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