Nu Horizons Electronics Corp. Expands Distribution Agreement with Clare, Inc. into Asia
Expansion Targets Regional Growth for all Solid-State Relay
and Communication Integrated Circuit Products
Melville, NY - December 15, 2004 - Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading distributor of high technology active components, today announced their expanded Asian partnership agreement with Clare, Inc., a leader in the design and manufacture of solid-state relays and high voltage integrated circuits. This expansion augments the existing North American relationship between both companies and establishes distribution rights for all solid-state relay products and communication IC's within the countries of Malaysia, North and South China, the Philippines, Singapore and Thailand. "Nu Horizons has built a successful demand creation model and stable Asian distribution program, which were the two key factors in expanding our partnership," said Mark Heisig, vice president and general manager of Clare Inc. "We look forward to collaborating to improve our product design capabilities, while broadening our global distribution network."Vick Aggarwala, president of Nu Horizons Electronics Asia Pte Ltd adds, "We are very pleased to expand our partnership with Clare to enhance the breadth of products and solutions we offer in Asia. Clare's leading reputation in designing and manufacturing solid-state relay and high-voltage products provides an additional level of value-added products and solutions to our growing customer base in the Asia Pacific region."
About Clare Inc.
Clare Inc. is a leader in the design and manufacture of solid-state relays and high voltage integrated circuits. Clare's products include solid-state relays; high-voltage solar cell products and communication ICs such as Line Card Access Switch (LCAS) products used in central office infrastructure applications and the Litelink™ Silicon Data Access Arrangement (DAA) phone line interface used in VOIP telephony gateways; IP-PBX; embedded modems in POS terminals and other customer premise applications. Additional information about Clare may be found at www.clare.com.
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.
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 high technology active components. Headquartered in Singapore, Nu Horizons has sales facilities in 11 regional locations including: Hong Kong, Shanghai and Shenzhen (China); Bangalore, Hyderabad, Mumbai and New Delhi (India); Penang (Malaysia); Singapore; Seoul (South Korea); and Taipei (Taiwan). 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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