Nu
Horizons Electronics Corp. Announces Global Partnership Agreement with IBM
Melville, NY (USA) - September 26, 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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