SAN JOSE, California,
Feb. 28, 2017 /PRNewswire/
-- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a
leading company in high-performance analog solutions, today
announced a distribution agreement with Symmetry Electronics,
a distributor specializing in the distribution of wireless and
video semiconductor products. This association will give customers
a wide range of high-performance power solutions for their
designs.
Symmetry Electronics supports its customers with sales and
engineering teams along with an established e-commerce site,
empowering engineers with their latest wireless and video designs.
This partnership between Symmetry and MPS will allow even more
customers to reduce their total energy consumption with the green,
practical, and compact solutions from MPS.
This distribution agreement allows MPS to leverage Symmetry's
field engineering resources in the Americas. MPS's extensive power
product offerings provide the most comprehensive power solutions to
Symmetry's customer base.
"We are thrilled to partner with Symmetry Electronics," says
Maurice Sciammas, Senior VP of Sales
& Marketing. "I am confident that with Symmetry's deep
knowledge in certain key markets, they will further complement and
expedite MPS's growth in the Americas."
"We are very excited to announce our engagement with
MPS. They are a world leader in the DC to DC low voltage
market along with other power and sensor products. We will assist
them in winning new designs in our wireless and video centric
account base. They have a great team and we are looking
forward to working closely with them across our network," said
Joe Caravana, Co-Founder at Symmetry
Electronics.
About Monolithic Power Systems
Monolithic Power
Systems, Inc. (MPS) provides small, highly energy efficient,
easy-to-use power solutions for systems found in industrial
applications, telecom infrastructures, cloud computing, automotive,
and consumer applications. MPS' mission is to reduce total
energy consumption in its customers' systems with green, practical,
compact solutions. The company was founded by Michael Hsing in 1997 and is headquartered in
San Jose, CA. MPS can be contacted
through its website at www.monolithicpower.com or its support
offices around the world.
About Symmetry Electronics
Symmetry Electronics is an
authorized global semiconductor distributor offering technical
support, sales and distribution of wireless and video technologies.
It serves customers with a worldwide sales and engineering team
delivering technical services alongside its e-commerce site at
symmetryelectronics.com. Founded in 1998, Symmetry Electronics is
headquartered in Los Angeles with
international offices in Mexico,
Brazil, Canada and China.
Safe Harbor Statement
This news release includes
"forward-looking statements" intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on our current expectations, estimates and projections about
our business and industry, management's beliefs, and certain
assumptions made by us, all of which are subject to
change. Forward-looking statements can often be identified by
words such as "anticipates," "expects," "forecasts," "intends,"
"believes," "plans," "may," "will," or "continue," and similar
expressions and variations or negatives of these words. All such
statements are subject to certain risks, assumptions and
uncertainties, including those described in our most recent Annual
Report on Form 10-K, Quarterly Report on Form 10-Q and other
documents that we file or furnish with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially and adversely from those
projected, and may affect our future operating
results, financial position and cash flows. Accordingly,
you are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date they
are made. Except to the extent required by law, MPS does not
undertake, and expressly disclaims, any duty or obligation to
update publicly any forward-looking statement after the initial
distribution of this release, whether as a result of new
information, future events, changes in assumptions or
otherwise.
Monolithic Power Systems, MPS, and the MPS logo are registered
trademarks of Monolithic Power Systems, Inc. in the U.S. and
trademarked in certain other countries.
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SOURCE Monolithic Power Systems, Inc.