Emerson Network Power Signs Global Distribution Agreement with Avnet Electronics Marketing
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CARLSBAD, Calif.- November 27, 2007 -Emerson Network Power, a business of Emerson (NYSE: EMR), and Avnet Electronics Marketing, an operating group of Avnet, Inc.
(NYSE: AVT), have signed a global distribution partnership. Under the terms of the new
agreement, Avnet will distribute - on a global basis - the full line of standard and modified standard ac-dc and dc-dc power supplies produced by the Embedded Power business of Emerson Network Power, which encompasses the Astec and Artesyn branded products.
The Embedded Power business delivers solutions for a diverse range of applications in a
variety of industries including telecommunications, networking, computing, office systems, medical, process control, test and instrumentation. The company operates strategically located design, support and sales facilities on three continents, and has five large-scale manufacturing sites - three in China, and two in the Philippines. Its engineering community is uniquely structured to meet demands for rapid advances in the electronics industry.
According to Greg Hester, Vice President of North American Sales for Emerson Network
Power's Embedded Power business, "We are continually striving to improve our customerfacing processes while also expanding our market reach. This agreement with Avnet further widens customers' choice of suppliers, will improve product availability and, given Avnet's participation in the global markets, provide access to previously untapped opportunities."
"Avnet is very pleased to engage on a global basis with one of the largest and most innovative power supply manufacturers in the world," said Tom McCartney, senior vice president of IP&E business development worldwide for Avnet Electronics Marketing. "The addition of Astec and Artesyn products provides a significant extension to Avnet's power supply line card. When paired with Avnet's technical expertise, logistics and international supply chain capabilities, the result is a reliable and high-quality solution that is ideal for meeting the unique needs of our global customers."
About Emerson Network Power
Emerson Network Power, a business of Emerson (NYSE:EMR), is the global leader in enabling Business-Critical Continuity(TM). The company is the trusted source for adaptive and ultrareliable solutions that enable and protect its customers' business-critical technology infrastructures. Backed by the largest global services organization in the industry, Emerson Network Power offers a full range of innovative power, precision cooling and connectivity products and services for computer, communications, healthcare and industrial systems. Key product brands within the Emerson Network Power family include Liebert, ASCO, Astec, Artesyn and Lorain. For more information on power supplies visit astecpower.com or artesyn.com. For more information on the full spectrum of enterprise-wide solutions from Emerson Network Power, visit www.Emerson.com.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and
engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were $22.6 billion. For more information, visit www.Emerson.com.
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc.(NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in 73 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at www.em.avnet.com.
About Avnet
With more than 300 locations serving customers in 73 countries worldwide, Avnet markets, distributes and adds value to the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Additionally, Avnet brings a breadth and depth of service capabilities, such as supply-chain optimization, logistics solutions, product assembly, device programming, computer system integration and engineering design assistance. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. Visit www.avnet.com.
5810 Van Allen Way
Carlsbad, CA 92008
astecpower.com
Company Contact:
Michael Tippner
Marketing Communications Manager
+1 (760) 930 4600
michaeltippner@astec.com
astecpower.com
Agency Contact:
Nick Leatherdale
+44 (0)1202 856000
nick@wordsun.com
www.wordsun.com
