Exar Corporation Expands Distribution Channel with Nu Horizons Electronics Corp. into Taiwan
Melville, NY and Singapore —December 5, 2006 — Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading global distributor of advanced technology semiconductor, display and system solutions, today announced their 20-year partnership agreement with Exar Corporation (NASDAQ: EXAR), has expanded to include the country of Taiwan. This expansion builds upon the existing relationship between both companies throughout North America, the United Kingdom and within Asia Pacific in Australia, New Zealand, Korea and Indonesia, Malaysia, Philippines, Singapore and Thailand.
“We are pleased to expand our long-standing partnership with Nu Horizons into Taiwan,” states John Herzing, vice president of Worldwide Sales for Exar Corporation. “Nu Horizons has built a successful demand creation model in Asia that couples a robust global infrastructure with industry-leading service and support capabilities. This expansion compliments our global growth strategy to deliver optimal design support and time-to-market advantages for our customers."
Wendell Boyd, president of Nu Horizons Electronics Asia Pte Ltd. adds, “Exar’s reputation as a leading provider of high-performance, mixed-signal silicon solutions for global communications enhances our technology portfolio. We look forward to strengthening our customer base and market share for their analog, communications, interface, video and imaging products throughout the region.”
Exar Corporation designs, develops and markets high-performance, analog and mixed-signal silicon solutions for a variety of markets including networking, serial communications, clock and timing and storage.
About Exar Corporation
Exar Corporation (NASDAQ: EXAR) designs, develops and markets high-performance, analog and mixed-signal silicon solutions for the worldwide communications infrastructure. Leveraging its industry-proven analog design expertise and system-level knowledge, Exar delivers to customers a wide array of technology solutions for their current as well as next generation products. The Company is based in Fremont, CA, had fiscal 2006 revenues of $67.0 million, and employs approximately 250 people worldwide. For more information about the Company visit: http://www.exar.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 48 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 18 regional locations including: Australia (Melbourne and Sydney), Greater China (Beijing, Chengdu, Hong Kong, Nanjing, Shanghai, Shenzhen, Wuhan and Taipei), India (Bangalore, Hyderabad, New Delhi and Pune), 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://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.
|
