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Xilinx Expands Distribution Channel to
India through
Nu Horizons Electronics Corp.
Expansion Extends Long Standing Partnership Agreement Outside
of the Americas into Asia
San Jose, CA and Melville, NY — March 9, 2004 —
Xilinx Inc. (NASDAQ: XLNX), the world-leading supplier of
programmable logic solutions, and Nu Horizons Electronics Corp.
(NASDAQ:NUHC), a leading distributor of high technology active
components, today announced the expansion of their long-standing
product service and market distribution agreement to extend beyond
the Americas, specifically into the country of India. This
agreement is effective immediately and marks the first franchise
agreement outside of North and South America between the two
companies since their partnership inception in 1987.
“As Asia Pacific continues to play a prominent strategic
role in Xilinx’s global expansion, we are pleased to add Nu
Horizons to our worldwide distribution network,” said David
Loftus, managing director of Asia Pacific at Xilinx. “The Nu
Horizons demand creation model has led to a successful partnership
between our organizations. This model, combined with our aggressive
growth strategy for all programmable logic devices, made expanding
into India our next logical step.”
Nu Horizons will manage the Xilinx distribution program from its
existing facility in Bangalore, in addition to its New Delhi
facility, which is scheduled to open in April 2004. The
distribution of all Xilinx FPGAs, CPLDs, software and development
tools, and intellectual property cores, as well as all demand
creation and engineering support, will also be regionally based
from the dual locations.
Vick Aggarwala, president of Nu Horizons Asia Pacific concludes,
“Xilinx’s leadership in the programmable logic space
enhances the existing strengths of our product portfolio in India.
Our commitment to provide leading-edge technologies, coupled with
the Xilinx reputation for supreme quality and performance, will
provide seamless global support and long-term success to our
growing customer base within the region.”
In related news, Xilinx recently announced the establishment of
the Xilinx-CMC India Development Centre (XIDC) in Hyderabad, India.
As one of Xilinx’s first research and development facility in
Asia Pacific, the Centre will focus on developing FPGA solutions
targeted at high-growth markets, such as digital consumer
electronics, automotive and communications. The Centre was
developed in strategic partnership with CMC Limited, a Tata Group
company and leading provider of embedded and real-time hardware and
software solutions in India.
About Xilinx Inc.
Xilinx is the world’s leading supplier of programmable logic
solutions, one of the fastest growing segments of the semiconductor
industry.
About Nu Horizons Electronics Corp.
Nu Horizons is a leading global distributor of high technology
active components, including analog, communications, discretes,
optical, logic & peripherals, memory, microcontrollers, system
on chip (SOC), board level and computer system products to a wide
variety of commercial original equipment manufacturers (OEMs). With
sales facilities in thirty-five 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.
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.
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