NetSilicon Announces Distribution Agreement with Nu Horizons
-- Nu Horizons to provide distribution for North America and Asia --
Waltham, Mass. - (Sept. 9, 2003) - NetSilicon, a division of Digi International (NASDAQ: DGII) and a leading provider of network-attached embedded processors and device connectivity software, today announced a distribution agreement with Nu Horizons Electronics Corp. (NASDAQ: NUHC). The agreement appoints Nu Horizons as NetSilicon's exclusive North American distribution partner, and a non-exclusive distribution partner in Asia.
"Nu Horizons is a leading high technology distributor with a proven track record of excellence and dedication to customer support," said Bruce Berger, senior vice president, NetSilicon. "The relationship grants customers greater purchasing flexibility and access to Nu Horizons' extensive technical support capabilities. We consider the agreement a value add that increases our ability to help our customers develop intelligent, networked devices more easily."
Nu Horizons will distribute NetSilicon's award winning NET+ARM® family of 32-bit microprocessors and NET+Works® software development tool suite. NetSilicon's NET+ARM microprocessors are the ideal platform for developing embedded networked-enabled applications. The integrated approach of the NET+Works development tool suite helps customers achieve dramatic time-to-market reductions, reduce product unit costs, save engineering resources and reduce design risk.
Dave Bowers, executive vice president, sales and marketing for Nu Horizons, stated, "We are extremely pleased to engage in an exclusive partnership with NetSilicon throughout North America, and to distribute their industry leading products to our rapidly growing Asian customer base. NetSilicon enhances our existing product portfolio and enables us to offer our customers a solution that makes device networking easy."
About NetSilicon
NetSilicon, a Digi International® company, is a leading provider of network-attached processors and device connectivity software. NetSilicon integrates the high performance NET+ARM 32-bit microprocessor with NetSilicon's NET+Works advance networking software, including development tools, real-time operating system and connectivity software to accelerate customer development of intelligent, networked devices. Digi International, the leader in Connectware, makes device networking easy by developing products and technologies that are cost effective and easy to use. Digi markets its products through a global network of distributors and resellers, systems integrators and original equipment manufacturers (OEMs).
About Nu Horizons Electronics Corp.
Nu Horizons is a leading 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-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.
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