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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://www.nuhorizons.com.sg/.
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.
Contact Information:
Nu Horizons
Editorial:
Dave Bowers, 631-396-5000
dbowers@nuhorizons.com
or
Ng Keng Leng, 011-65-6-844-1650 klng@nuhorizons.com.sg
or
For Additional Information :
Clare
info@clare.com
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