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Avnet Signs Pan-European Distribution Agreement with Foxconn


Bracknell, Berkshire, 7 decembrie 2009:

Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that it has entered into a pan-European agreement with Foxconn. The agreement enables Avnet to distribute Foxconn’s AMD- and Intel-based motherboards and Barebone chassis components to its extensive group of channel partners, including system developers and original equipment manufacturers (OEMs) throughout Europe. The new relationship expands Avnet’s ability to provide its partners with components instrumental in developing desktop gaming solutions and small form factor computing devices, such as nettops, for enterprise applications.

Rajesh Suman, vice president of Computer Components, Avnet Technology Solutions, EMEA, commented, “Avnet is committed to generating growth opportunities for its partners through localized support and international scope. The expansion of our line card to include Foxconn’s motherboards and Barebone chassis components will help us further meet the unique needs of OEMs and system developers in EMEA. Our channel partners can also leverage Avnet’s extensive portfolio of complementary off-the-shelf components and distribution and integration services to improve their time-to-market.”

Avnet understands the unique needs of the OEM and system developer community. Avnet’s deep technical knowledge and support helps reduce system developers’ engineering time and costs. The company provides a broad range of product lifecycle management services that support channel partners from solution development through delivery. These services include concept design, engineering, manufacturing, systems integration, order management, warehousing and logistics.

“Our new distribution relationship with Avnet is vital to Foxconn’s pan-European business expansion strategy because they recognize the unique needs of each market, while still being able to provide multi-national support,” said Dennis Lin, Foxconn General Manager in Europe. “With Avnet’s deep technical knowledge and services offerings, we know they’ll be able to provide our customers with the support needed to develop high-quality products based on Foxconn technology, and bring them to market quickly.”


About FOXCONN
Foxconn is the registered trade name of Hon Hai Precision Industry Company Ltd., the foremost provider of joint-design, joint-development, manufacturing, assembly and after-sales services to global Computer, Communication and Consumer-electronics ("3C") leaders.

A business group of Hon Hai Precision Industry Company Ltd., Channel Innovation & Service Group (CISG) provides channel solutions to customers around the globe.

Foxconn's Channel Innovation & Service Group (CISG) is committed to providing reliable, high-quality products to all its customers - large and small. We understand how the channel has evolved - its impact on consumers and the people who work in the computer industry. Consequently, we are aggressively innovating to deliver solid, honest products that promote simplicity and ease of use, while at the same time appreciating the natural and human environment through the entire product life cycle. Through this philosophy of connecting people and technologies, Foxconn CISG is enabling a vast range of PC assemblers, retailers and end-users the freedom to create their own computing solutions.


About Avnet Technology Solutions
Avnet Technology Solutions is an operating group of Phoenix-based Avnet, Inc. As a global technology sales and marketing organization, Avnet Technology Solutions has sales divisions focused on specific customer segments and a select line card strategy enabling an exceptional level of attention to the needs of its customers and suppliers. For fiscal year 2009, the group served customers in more than 30 countries and generated US $7.04 billion in annual revenue. The EMEA group's web site is www.ts.avnet.com/emea.


About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23 billion. For more information, visit www.avnet.com.


For further information / press enquiries please contact:

Avnet Technology Solutions, EMEA
Kirsten Klatt,
European Marketing & Communications Director
Kirsten.klatt@avnet.com
Tel: +49 (0) 2153-733 328

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