Lineage Power Signs Global Distribution Agreement With Nu Horizons Electronics
17 Agosto 2010 - 3:09PM
Marketwired
Nu Horizons Electronics Corp. (NASDAQ: NUHC), a leading global
distributor of advanced technology semiconductor, display, power,
illumination, system and telecommunication solutions, and Lineage
Power Corporation, a Gores Group company and the first name in
power, today announced the signing of a distribution agreement. The
agreement, which is effective immediately, involves the
distribution of Lineage Power's end-to-end, AC-DC power supplies
and DC-DC board mounted power modules for original equipment
manufacturers (OEMs) throughout Nu Horizons' global network.
"The addition of Lineage to our power portfolio offers our
customers quality products at competitive prices," said Kent Smith,
president - global distribution group for Nu Horizons. "Our
partnership gives design engineers access to Lineage Power's
Tunable Loop™ and Total Efficiency™ technologies that accelerate
new product development schedules and help achieve sustainability
objectives. Lineage provides embedded power supplies and power
conversion solutions for the most demanding applications within the
datacom, telecom, medical, military and industrial markets."
"Nu Horizons' proven technical engineering team and reputation
for outstanding customer service make them an ideal partner," said
Jeff Frank, president of the Lineage OEM Embedded Power division.
"Our power solutions offer size, efficiency, and cost advantages
while dramatically reducing risk and improving reliability. Nu
Horizons brings superior demand creation plus comprehensive field
sales expertise and precision world-class logistics, offering
Lineage the opportunity to reach more customers throughout North
America, Europe and Asia."
About Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. is a leading global distributor of
advanced technology semiconductor, display, illumination, power,
system and telecommunication solutions to a wide variety of
commercial original equipment manufacturers (OEMs) and electronic
manufacturing services providers (EMS). With sales facilities in 54
locations across North America, Europe and Asia and regional
logistics centers throughout the globe, Nu Horizons partners with a
limited number of best-in-class suppliers to provide in-depth
product development, custom logistics and life-cycle support to its
customers. Information on Nu Horizons and its services is available
at http://www.nuhorizons.com.
About Lineage Power
Lineage Power Corporation, a Gores Group company, traces its 95+
year heritage of patented innovation to AT&T, Bell Labs, Lucent
Technologies and Western Electric. The first name in power, Lineage
delivers reliable and intelligent power conversion solutions with
energy-efficient AC-DC power supplies, DC-DC board-mounted power
modules, telecom energy systems, and custom power products backed
by local field expertise in 25+ locations worldwide. Designed for
decades of non-stop operation, the high-availability DC power
conversion solutions enable voice, video and data communications
while assuring investment protection, total system efficiency, and
significantly reduced total cost of ownership. More information
about Lineage hardware, software, services and training is
available at www.lineagepower.com.
About The Gores Group, LLC
Founded in 1987 by Alec E. Gores, The Gores Group, LLC is a
private equity firm focused on acquiring controlling interests in
mature and growing businesses which can benefit from the firm's
operating experience and flexible capital base. The firm combines
the operational expertise and detailed due diligence capabilities
of a strategic buyer with the seasoned M&A team of a
traditional financial buyer. The Gores Group, LLC has become a
leading investor having demonstrated over time a reliable track
record of creating substantial value in its portfolio companies
alongside management. The firm's current private equity fund has
committed equity capital of $2.7 billion. Headquartered in Los
Angeles, The Gores Group, LLC maintains offices in Boulder, CO, and
London. For more information, please visit www.gores.com.
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Nu Horizons Editorial Contact: Rita Megling 631-396-5000
rita.megling@nuhorizons.com Lineage Power Editorial Contact:
Michelle Barry 603-570-7533 michelle@bridgeviewmarketing.com
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