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MELVILLE, NY and PLANO, TX--(Marketwire - August 17, 2010) - 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.
Nu Horizons Editorial Contact: Rita Megling 631-396-5000 firstname.lastname@example.org Lineage Power Editorial Contact: Michelle Barry 603-570-7533 email@example.com
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