Cirrus Logic Inc. and Nu Horizons Electronics Corp. Announce Americas Distribution Agreement; Agreement Involves Distribution of
July 05 2005 - 10:00AM
Business Wire
Cirrus Logic Inc. (NASDAQ: CRUS), a premier supplier of
high-performance analog and mixed-signal integrated circuits (ICs);
and Nu Horizons Electronics Corp. (NASDAQ: NUHC), a leading
distributor of advanced technology active components; today
announced that they have entered into an Americas distribution
agreement. Under the terms of this agreement, Nu Horizons will
distribute the complete line of Cirrus Logic's analog, mixed signal
and embedded integrated circuit products targeted for the audio and
industrial applications markets. Cirrus Logic is an expert in
complex chip designs, whose core strength lies in analog and mixed
signal products, with about 1,100 patents (issued and pending).
Their products support a wide variety of audio and industrial
applications, including audio/video receivers, professional and
commercial audio equipment, industrial process control, analytical
instruments, digital power meters and seismic systems. "Cirrus
Logic manufacturers a multitude of devices that complement our
existing product portfolio," said Dave Bowers, president of Nu
Horizons Distribution division. "Cirrus Logic maintains a rich
heritage in digital, audio and precision analog ICs. Distributing
their products enhances Nu Horizons' ability to provide optimal
solutions for our customers." "We look forward to leveraging Nu
Horizons' extensive network of sales, support and logistics to
enhance our reach across diverse applications and markets," said
Bob Kromer, vice president of Worldwide Sales at Cirrus Logic. "Nu
Horizons' global infrastructure will provide world-class services
and support for Cirrus Logic customers." About Nu Horizons
Electronics Corp. Nu Horizons is a leading global distributor of
advanced 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 37 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. Cirrus Logic Inc. Cirrus Logic
develops high-precision analog and mixed-signal integrated circuits
for a broad range of consumer and industrial markets. Building on
its diverse analog mixed-signal patent portfolio, Cirrus Logic
delivers highly optimized products for consumer and commercial
audio, automotive entertainment and industrial applications. The
company operates from headquarters in Austin, Texas, with offices
in Colorado, Europe, Japan and Asia. More information about Cirrus
Logic is available at www.cirrus.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. Cirrus Logic is a trademark of Cirrus Logic Inc. All
other product names noted herein may be trademarks of their
respective holders.
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