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TheStreet Open House

Avnet Electronics Marketing And Amphenol Celebrate 55 Years

There is always something special about life’s “firsts” – first love, first car, first job. Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), one of the world’s largest distributors of electronics components and embedded systems, is celebrating the 55 th anniversary of one of its most significant milestones – the signing of its very first franchise agreement with Amphenol Corporation (NYSE: APH), then known as Bendix Electrical Components.

Click to Tweet: Avnet and Amphenol celebrate 55-year anniversary: http://bit.ly/UVWTp0

In 1957, Avnet became an authorized factory jobber and assembler for the Bendix line of military connectors. Today, Avnet and Amphenol collaborate to bring one of the largest selections of interconnect products to a diverse range of customers worldwide for use in military, commercial aerospace, industrial, communications and information technology market applications.

“Our partnership enables us to capture opportunities to bring our mutual customers a wealth of technological innovation and solutions expertise that is not commonly available today through a single supplier and one channel partner,” said Ed Smith, president, Avnet Electronics Marketing Americas. “As our journey continues, I have every confidence that our partnership will only get stronger and create even greater value for our customers.”

“During the 55 years of our partnership, Amphenol and Avnet have emerged as leaders in our respective industries by helping our customers create new electronics that have literally transformed the world,” said Adam Norwitt, president and chief executive officer, Amphenol. “We look forward to continuing to work together to drive the further acceleration of the electronics revolution.”

Designed to enable greater mobility, support higher bandwidth, minimize power consumption and optimize functionality in harsh environments, leading edge interconnect technologies from Amphenol have played a critical role in the growth of new electronics technologies and market applications for 80 years. For example, Amphenol’s 25 Gb/s XCede connector family was the first backplane connector to enable the levels of speed required to ignite the mobile internet revolution, while decades of expertise in harsh environment interconnects have paved the way for the development of safer military troop transport vehicles like the MRAP All-Terrain Vehicle (M-ATV). Among Amphenol’s most recent innovations is the new 8 AWG photovoltaic (PV) connector, the first such device rated by UL for use up to 1000V. Designed for use in large-scale utility and commercial PV installations, the H4 8 AWG connectors offer the highest current ratings and lowest contact resistance available, resulting in lower power losses and improved reliability. To view the entire Amphenol product line offered by Avnet, visit www.avnetexpress.com.

To celebrate this milestone, Avnet Electronics Marketing has made a charitable donation in honor of Amphenol to the FIRST® Robotics Competition. FIRST Robotics is a non-profit organization, led by American innovator Dean Kamen, that seeks to inspire children and young adults to pursue careers in science, technology, engineering and math (STEM). For more information about FIRST® Robotics, visit www.usfirst.org.

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About Amphenol Corporation

Amphenol Corporation is one of the world’s leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol products are engineered and manufactured in the Americas, Europe, Asia and Africa and sold by a worldwide sales and marketing organization. Amphenol has a diversified presence as a leader in high growth areas of the interconnect market including: military, commercial aerospace, automotive, broadband communication, industrial, information technology and data communications equipment, mobile devices and wireless infrastructure. For more information, visit http://www.amphenol.com

About Avnet Electronics Marketing

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. that serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's website is located at www.em.avnet.com.

About Avnet, Inc.

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com.

Copyright Business Wire 2010

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