Microsemi and Future Electronics Announce Global Distribution Agreement

ALISO VIEJO, Calif., June 20, 2013 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Future Electronics, a world-class leader and innovator in the distribution and marketing of electronic components, today announced that the two companies have entered into a broad-based, global distribution agreement. Under the terms of the agreement, Future will provide worldwide sales, design support and fulfillment services for Microsemi's complete line of semiconductor systems solutions, excluding certain government products and services.

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"The addition of Future Electronics as a global channel partner marks yet another step forward in our strategy to enhance our worldwide distribution network to better support the expanding business and technical needs of our customers," said Michael G. Sivetts III, vice president of Worldwide Distribution Sales for Microsemi. "We look forward to forging a strong relationship with the Future Electronics team and driving growth opportunities for both companies while expanding our global customer footprint." 

"Microsemi has an extensive portfolio of unique, high-performance semiconductor systems solutions that are a great match with our current line card and our customer base, particularly in the industrial sector," said Matthew Rotholz, director of marketing, Analog and Power Products for Future Electronics. "Microsemi products are available from Future Electronics now, and we are currently holding a series of technical training programs to bring our applications engineering and embedded system designers up-to-speed on Microsemi's solutions."

Microsemi's product offering includes many industry-leading products. Examples include:

• SmartFusion^®2 System-on-Chip (SoC) FPGAs and IGLOO®2 FPGA devices                             
• Mixed-signal analog RF power amplifiers (PAs) and front-end modules (FEMs)
• Power-over-Ethernet (PoE) ICs and midspans
• Power/RF discretes and modules
• Communication interface, synchronization and timing products

About Microsemi
Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance, radiation-hardened and highly reliable analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,000 employees globally. Learn more at www.microsemi.com.

About Future Electronics
Future Electronics is a global leader in electronics distribution, ranking 3rd in component sales worldwide. Founded in 1968, the company has established itself as one of the most innovative organizations in the industry today, with 5,000 employees in 169 offices in 42 countries around the world. Future Electronics is globally integrated, with one worldwide IT infrastructure providing real-time inventory availability and access, while enabling full integration of its operations, sales and marketing worldwide. Offering the highest level of service, the most advanced engineering capabilities and technical solutions through all stages of the design-production cycle, and the largest available-to-sell inventory in the world, Future's mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.

Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.

Microsemi Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to its distribution agreement with Future Electronics, and its potential effects on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

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SOURCE Microsemi Corporation; Future Electronics