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.
Cirrus Logic (NASDAQ:CRUS)
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