Nu
Horizons Electronics Named Most Preferred International
Distributor in China Company Awarded First Time
Recognition by ESM China National Survey
Melville,
NY and Singapore - August 8, 2006 - Nu Horizons Electronics
Asia Pte Ltd, the wholly-owned subsidiary of Nu Horizons
Electronics Corp. (NASDAQ:NUHC), a leading distributor
of advanced technology semiconductor, display and system
solutions; has been ranked for the first time as one of
the top five "Most Preferred International Distributors"
in China in a nation-wide survey conducted to customers
annually by Electronics Supply & Manufacturing China
(ESMC) magazine.
ESMC
conducted a series of surveys to purchasing professionals
within a range of industries, including consumer electronics,
communications and various industrial segments, analyzing
the preference and selection processes of Mainland electronic
product manufacturers. A total of 810 Chinese purchasing
executives were interviewed to evaluate distributors in
several areas: technical and design support, logistics,
company credibility, inventory availability, product price,
product quality, financial stability, responsiveness and
e-commerce readiness and capabilities.
Nu
Horizons Asia was selected among the "Most Preferred
International Distributors" on the basis of its strong
demand creation capabilities, technical knowledge, RoHS
compliance rollout and web, communication and power management
expertise. The company's ongoing expansion plans and growing
portfolio of leading suppliers continues to enhance Nu
Horizons' exposure and reputation in the Asia Pacific
region.
"For
over five years, Nu Horizons has invested heavily in the
Asia Pacific region, developing our own brand of local
design and logistics service. We are very encouraged to
see our hard work and commitment to China recognised by
the industry in receiving this first time award from ESMC,"
states Wendell Boyd, president Nu Horizons Electronics
Pte Ltd. "Nu Horizons is now established in 17 locations
throughout Asia Pacific, including seven locations in
China. We have doubled our Chinese Sales and Engineering
team in less then 12 months and have no intention of halting
our efforts. We plan to forge ahead with relentless expansion
throughout the territory, and concurrently develop programs
that differentiate us from our competition. We anticipate
doubling our presence in China within the next two years."
Mr.
Boyd concludes, "Nu Horizons is uniquely positioned
in the Asian market with our focused active component
line card, technical sales team and one truly operational
global platform. We continue to witness the development
of local customers throughout Asia Pacific who require
a myriad of needs transcending across multiple regions.
Nu Horizons is able to satisfy our customers design requirements
and uncover the most technologically effective design/manufacturing
solutions to meet their time-to-market needs."
About
Nu Horizons Electronics Asia Pte Ltd.
Nu Horizons Electronics Asia Pte Ltd. is a wholly-owned
subsidiary of Nu Horizons Corp, a leading distributor
of advanced technology semiconductor, display and system
solutions. Headquartered in Singapore, Nu Horizons has
sales facilities in 17 regional locations including: Victoria
(Australia/New Zealand) Beijing, Chengdu, Hong Kong, Nanjing,
Shanghai, Shenzhen and Wuhan (China); Bangalore, Hyderabad,
Mumbai and New Delhi (India); Penang (Malaysia); Singapore;
Seoul (South Korea); Taipei (Taiwan) and Bangkok (Thailand).
Additional Information on Nu Horizons Electronics Asia
Pte Ltd. and its services is available at http://ap.nuhorizons.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.
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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