Symmetry Electronics and Monolithic Power Systems Announce Distribution Partnership
SAN JOSE, California, Feb. 28, 2017 /PRNewswire/ -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a leading company in high-performance analog solutions, today announced a distribution agreement with Symmetry Electronics, a distributor specializing in the distribution of wireless and video semiconductor products. This association will give customers a wide range of high-performance power solutions for their designs.
Symmetry Electronics supports its customers with sales and engineering teams along with an established e-commerce site, empowering engineers with their latest wireless and video designs. This partnership between Symmetry and MPS will allow even more customers to reduce their total energy consumption with the green, practical, and compact solutions from MPS.
This distribution agreement allows MPS to leverage Symmetry's field engineering resources in the Americas. MPS's extensive power product offerings provide the most comprehensive power solutions to Symmetry's customer base.
"We are thrilled to partner with Symmetry Electronics," says Maurice Sciammas, Senior VP of Sales & Marketing. "I am confident that with Symmetry's deep knowledge in certain key markets, they will further complement and expedite MPS's growth in the Americas."
"We are very excited to announce our engagement with MPS. They are a world leader in the DC to DC low voltage market along with other power and sensor products. We will assist them in winning new designs in our wireless and video centric account base. They have a great team and we are looking forward to working closely with them across our network," said Joe Caravana, Co-Founder at Symmetry Electronics.
About Monolithic Power Systems
Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company was founded by Michael Hsing in 1997 and is headquartered in San Jose, CA. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.
About Symmetry Electronics
Symmetry Electronics is an authorized global semiconductor distributor offering technical support, sales and distribution of wireless and video technologies. It serves customers with a worldwide sales and engineering team delivering technical services alongside its e-commerce site at symmetryelectronics.com. Founded in 1998, Symmetry Electronics is headquartered in Los Angeles with international offices in Mexico, Brazil, Canada and China.
Safe Harbor Statement
This news release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "forecasts," "intends," "believes," "plans," "may," "will," or "continue," and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, assumptions and uncertainties, including those described in our most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those projected, and may affect our future operating results, financial position and cash flows. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, MPS does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the initial distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.
SOURCE Monolithic Power Systems, Inc.
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