Vitesse Semiconductor and Nu Horizons Announce Exclusive Distributor Agreement.Business Editors CAMARILLO, Calif. & MELVILLE, N.Y.--(BUSINESS WIRE)-- Sept. 26, 2001 Enhanced Distribution Will Reach More Customers while Providing Additional Field Support to OEMs Vitesse Semiconductor Corporation (Nasdaq:VTSS VTSS Vehicle Theft Security System VTSS Vancouver Technical Secondary School ) and Nu Horizons Electronics Corp. (Nasdaq:NUHC) today announced an agreement under which Nu Horizons will become the exclusive distributor of Vitesse's extensive line of chipset solutions for communication equipment manufacturers. This agreement, effective October 1, 2001, encompasses selling rights for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Vitesse's new and existing customers will benefit from a simplified approach to doing business with Vitesse, including easier access to technical support, design services and ongoing applications support through Nu Horizons local field application engineers. Customers will also have immediate access to key logistic and value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , as well as excellent fulfillment services from Nu Horizons state-of-the-art stocking facilities. "Nu Horizons is a leading world class distributor providing design creation and support, as well as logistic services, for its customers," stated Richard Riker, Vitesse's vice president, sales and marketing. "Over the past five years, Vitesse has made significant efforts into developing complete chipset solutions, from the fiber to the backplane An interconnecting device that has sockets for printed circuit boards to plug into. Passive and Active Although resistors may be used, a "passive" backplane adds no processing in the circuit. . Nu Horizons, with their unique position in the marketplace, will not only be able to dramatically expand Vitesse's current business, but increase the business opportunities with new customers," concluded Riker. "Vitesse's high-speed integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. are immensely synergistic to our existing line of highly technical products," added Dave Bowers Bowers is a surname, and may refer to
About Vitesse Semiconductor Corp. Vitesse Semiconductor Corporation is a leading designer and supplier of innovative, high-performance integrated circuits (ICs) and optical modules used in next generation networking Next Generation Networking (NGN) is a broad term to describe some key architectural evolutions in telecommunication core and access networks that will be deployed over the next 5-10 years. and optical communications Optical communications The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. equipment. The company's products address the needs of Enterprise, Access, Metro, Core, and Optical Transport network equipment manufacturers who demand a robust combination of high speed, high service delivery and low power dissipation in their products. In concert with its broad communications product portfolio, Vitesse also develops ICs for storage area networking and enclosure management. Vitesse is headquartered in Camarillo, Calif. and operates two fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facilities; one in Camarillo, the other in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. Company and product information can be found on the Web at www.vitesse.com or is available by calling 1-800-VITESSE. About Nu Horizons Electronics Corp. Nu Horizons is a leading distributor of high technology active components, including analog, communications, discretes, optical, logic & peripherals, memory, microcontrollers, specialty products and sub-system products to a wide variety of commercial original equipment manufacturers (OEMs) throughout North America. With sales facilities in twenty-eight locations, Nu Horizons partners with a limited number of the 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 www.nuhorizons.com. Except for historical information contained herein, the matters set forth in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic 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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