ITT ITT Inc

Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), and global electronics manufacturer and supplier, ITT Interconnect Solutions, an operating group of ITT Corporation (NYSE: ITT), are celebrating their 55-year alliance. The year was 1952. The Summer Olympic Games of the XV Olympiad took place in Helsinki, Finland and the VI Winter Games were hosted in Oslo, Norway. U.S. Winter Olympians took home gold medals for skiing in women�s slalom and women�s giant slalom, men�s figure skating and men�s 500 meter speed skating. It was also an important year for the electronics� industry � Avnet Electronics Marketing signed its first franchise agreement with ITT Interconnect Solutions, then known as Cannon, and became one of Cannon�s largest distributors, a position it has maintained for more than 55 years. More than half a century later, Avnet serves customers in more than 70 countries worldwide and has become one of the largest distributors in the industry. ITT has built a reputation in diversified high-technology engineering and manufacturing, offering solutions for water and fluids management, global defense and security, and motion and flow control. Together, Avnet and ITT Interconnect Solutions offer complete electronics engineering, manufacturing and supply chain capabilities for customers around the globe. �Over the last century ITT Interconnect Solutions has made some tremendous technological breakthroughs, including being honored by NASA for its efforts in the first United States manned lunar landing and becoming a leading supplier of connectors in the industry,� said Phil Gallagher, president of Avnet Electronics Marketing Americas. �Together Avnet and ITT Interconnect Solutions are able to deliver creative, custom solutions to meet the global customers� technical needs � both today and into the future.� �It�s rare indeed to find partnerships�either personal or in business�that last over half a century,� said Mike Kuchenbrod, president of ITT Interconnect Solutions. �It is with great pride and deep appreciation that we celebrate our 55 years of doing business together. Our mutual customers have reason to celebrate as well, because the superb working relationship between Avnet and ITT Interconnect Solutions means they benefit most of all.� For more information about Avnet and ITT ICS, please visit: www.em.avnet.com/itt. 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. The group's Web site is located at http://www.em.avnet.com. About Avnet 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. For more information, visit www.avnet.com.