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DIODES ANNOUNCES MARKETING AGREEMENT WITH ITT SEMICONDUCTOR

     DIODES ANNOUNCES MARKETING AGREEMENT WITH ITT SEMICONDUCTOR
    CHATSWORTH, Calif., June 26 /PRNewswire/ -- Diodes Inc. (AMEX: DIO), a full-line semiconductor rectifier supplier, today announced a marketing agreement with ITT Semiconductor, Frelburg, Germany, to distribute ITT's complete line of discrete semiconductors in North America.  This agreement, which runs for an initial period through the end of 1994 provides for sales of ITT Semiconductor products through Diodes' nationwide network of representatives and distributors.
    ITT (NYSE: ITT) with manufacturing operations based in Frelburg, markets internationally a broad range of state-of-the-art semiconductor devices in addition to its discrete product line.  Its discrete product line includes rectifiers, diodes, zener diodes and transistors.
    ITT's direct sales force will continue to market discrete product to a selected group of major ITT customers.  Under this new agreement, with the exception of two direct distributors and one value added reseller, Diodes Inc. becomes the exclusive marketing channel for these products in North America.
    In commenting on the agreement, Thomas Hurley, president, chairman of the board and chief executive officer of Diodes, stated: "This agreement will facilitate close cooperation between ITT and Diodes in developing product and marketing strategies for discrete semiconductor products in North America.  Diodes will bring to ITT's well-established discrete product line a U.S.-based application engineering, product marketing and a sales support team focused exclusively on the discrete product.  We will be carrying a substantial stock of ITT products to support our commitments under the agreement, I feel this is an important step in our plan to continue Diodes' sales growth, particularly to larger original equipment manufacturers."
    -0-                     6/26/92
    /CONTACT:  Chris Jensen, treasurer of Diodes, 818-882-4920/
    (DIO ITT) CO:  Diodes Inc.; ITT Semiconductor ST:  California IN:  CPR SU: KJ-EH -- LA022 -- 4348 06/26/92 16:30 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
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