All American announces new agreement with Potter & Brumfield.MIAMI--(BUSINESS WIRE)--Aug. 1, 1996--All American Semiconductor, Inc. (The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. : SEMI), a leading national distributor of electronic components, has signed an agreement to distribute products manufactured by Potter & Brumfield Products Division, Siemens Electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). Components, Inc. This new authorization permits All American to market the extensive range of Potter & Brumfield products from all of its sales locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Potter & Brumfield Products Division ("P&B") offers a broad selection of electromechanical, solid state and time delay relays; solid state input and output modules; and magnetic and thermal circuit breakers Circuit breakers Measures instituted by exchanges to stop trading temporarily when the market has fallen by a certain percentage in a specified period. They are intended to prevent a market free fall by permitting buy and sell orders to rebalance. . Siemens is the world's leading supplier of relay products. The firm has manufacturing facilities in North America, South America, Europe and Asia. As a result of this agreement, All American gains a world leader in relay technology with a broad product portfolio and P&B strongly expands its market strength through All American's rapid growth in electronics distribution. According to Bruce Goldberg, All American President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , "This new alliance offers tremendous opportunities for both our companies. The addition of the P&B line provides All American with a cornerstone supplier in this important sector of the electronics business. All American, with its 32 strategic locations throughout the United States, offers P&B access to an expanding middle and emerging market customer base unique to the industry. We are excited about the growth potential for All American and Potter & Brumfield." All American was recently ranked as the nation's 17th largest distributor of electronic components. The Company now has offices in 32 strategic locations throughout North America, including All American's new distribution and programming center in Fremont, California. CONTACT: ALL AMERICAN Bruce M. Goldberg, President Howard L. Flanders, CFO See Chief Financial Officer. (305) 621-8282 ext. 1417 or INVESTOR RELATIONS Investor relations The process by which the corporation communicates with its investors. COUNSEL: The Equity Group Inc. Tamara Ehlin (212) 836-9607 Robert D. Goldstein (212) 371-8660 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion