Avnet Memec, austriamicrosystems Ink Distribution PactApril 29, 2008
Under the agreement, Avnet Memec will provide distribution of austriamicrosystems' products in North America.
PHOENIX , USA and Unterpremstaetten, Austria -- Avnet Memec, a specialty semiconductor division of Avnet Electronics Marketing—an operating group of Avnet, Inc.(NYSE: AVT)—and austriamicrosystems, a leading global designer and manufacturer of high performance analog integrated circuits (ICs), have inked a North American distribution agreement.
As a global designer and manufacturer, austriamicrosystems develops and produces industry-leading standard analog semiconductors for industrial, medical, communications and automotive applications. Avnet Memec specializes in offering a level of technical depth that is unmatched in the industry. Together, austriamicrosystems and Avnet Memec will deliver the full line of austriamicrosystems' high performance analog solutions to customers throughout the United States.
"We are excited to partner with Avnet Memec, given their leadership in service and support, excellent market access and dynamic sales approach," commented David Olson, director of sales, Americas, at austriamicrosystems. "We will utilize Avnet Memec's solutions expertise to promote our lines and drive sales growth at a broad spectrum of customers in North America."
"austriamicrosystems offers a unique line of high performance standard product solutions that are a strong compliment to the Avnet Memec line card," said Phil Sansone, senior vice president of Avnet Memec. "Together we will deliver cutting-edge products that translate to faster time to market for today's designers and engineers."
austriamicrosystems is a leading designer and manufacturer of high performance analog ICs, combining more than 25 years of analog design capabilities and system know-how with its own state-of-the-art manufacturing and test facilities. austriamicrosystems leverages its expertise in low power and high accuracy to provide industry-leading customized and standard analog products. Operating worldwide with more than 1,000 employees, austriamicrosystems focuses on the areas of power management, sensors & sensor interfaces, portable audio and car access in its markets (communications, industry, medical, and automotive), complemented by its full service foundry activities. austriamicrosystems is listed on the SWX Swiss Exchange in Zurich (ticker: AMS).
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services.
Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving more than 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion.
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