ALISO VIEJO, Calif. and PHOENIX, April 20, 2016 /PRNewswire/-- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced Microsemi has launched a master distributor program with Avnet USI, part of the company's defense/aerospace specialty distribution business. The two-tiered distribution program, where Avnet USI will sell products exclusively to other distributors, beginning with select integrated circuit and high reliability discrete products, was designed to optimize sales growth opportunities for the company worldwide.
"Avnet USI is a great selection as Microsemi's two-tier distributor for these products, as they have the capability to provide significant support for select regional distributors across the globe, enabling them to maintain the successful design wins they develop with our ever-expanding product portfolio," said Michael G. Sivetts III, vice president of distribution sales at Microsemi. "In addition, this new program lowers costs for these distributors to support longevity with customers and maximizes our revenue opportunities."
Avnet USI focuses on selling discrete semiconductor, passive and electromechanical components and associated value-added services. Microsemi's new distributor program enables local distributors to benefit from volume acquisition pricing; win orders due to quick product availability; and offers value against non-authorized distributors with full traceability, access to Microsemi's return materials authorization (RMA) processes and anti-counterfeit assurance. Under the new program, Microsemi's regional distributors can leverage Avnet USI's inventory breadth in their specific regions around the world and continue market growth momentum.
"Assuring traceability is one of the critical issues in the defense supply chain; and this program is another step Microsemi is taking to ensure its products maintain that critical level of security," said Glenn Notice, vice president and general manager, Avnet USI. "Additionally, Microsemi's new master distributor program enables Avnet USI to help make access to Microsemi's products more convenient and cost-effective for customers around the world, and accelerate the development and commercialization of innovative new products featuring Microsemi technology through our valuable supply chain expertise."
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 and radiation-hardened analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and synchronization devices and precise time solutions, setting the world's standard for time; voice processing devices; RF solutions; discrete components; enterprise storage and communication solutions, security technologies and scalable anti-tamper products; Ethernet solutions; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 4,800 employees globally. Learn more at www.microsemi.com.
About Avnet, Inc.
From components to cloud and design to disposal, Avnet, Inc. (AVT) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. Avnet is a Fortune 500 company with revenues of $27.9 billion for the fiscal year 2015. For more information, visit www.avnet.com.
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"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 Microsemi and Avnet announcing Microsemi has launched a master distributor program with Avnet USI, part of the company's defense/aerospace specialty distribution 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.
SOURCE Microsemi Corporation; Avnet, Inc.