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Business News | Dec 06, 2007

OPTEK TECHNOLOGY SIGNS TWO NEW DISTRIBUTION AGREEMENTS

TT electronics OPTEK Technology has selected NRC Electronics as a global distributor of their complete product offering toprovide the necessary technical support and “on demand” distribution for OPTEK’s optoelectronic sensors and fiber optic devices, along with their visible LED components and assemblies. A new agreement between Farnell and Optek extends to a global basis the successful relationship that the two companies already enjoy in North America with Premier Farnell’s Newark distribution business.

FARNELL SIGNS DISTRIBUTION AGREEMENT FOR OPTOELECTRONICS, LEDS AND SENSORS WITH OPTEK FOR EUROPE AND APAC:

Premier Farnell plc (“Farnell”), the leading multi-channel, high service distributor supporting millions of engineers and purchasing professionals globally, has announced a new distribution agreement with OPTEK Technology. The agreement extends to a global basis the successful relationship that the two companies already enjoy in North America with Premier Farnell’s Newark distribution business.

Under the terms of the new deal, Premier Farnell will offer the full range of OPTEK products, which includes fibre optic technologies, optoelectronic components, visible LEDs and magnetic sensors. These products will be available through Premier Farnell’s local businesses – Farnell in Europe, Premier Electronics in China, and Farnell Newark in the rest of the APAC region.

Commenting on the new agreement, Marianne Culver, SVP Global Supplier Management, Premier Farnell said: “We have enjoyed an excellent relationship with both OPTEK in the US and its parent company, TTelectronics, globally. The new agreement builds on this success and takes it to a new level in line with Premier Farnell’s strategy to ‘internationalize’ its model.”

Alan Bennett, VP Sales & Marketing for OPTEK, adds: “The combination of OPTEK’s advanced technologies and Premier Farnell’s clear focus on providing high levels of service to the design engineer have resulted in great successes for OPTEK and Newark in the US. Now, by extending the agreement to cover Farnell in Europe, Premier Electronics in China and Farnell Newark in APAC, we aim to replicate that success at a global level.”
 
 
OPTEK PARTNERS WITH NRC ELECTRONICS FOR WORLDWIDE DISTRIBUTION:

TT electronics OPTEK Technology has selected NRC Electronics as a global distributor of their complete product offering. Headquartered in Boca Raton, Florida, NRC Electronics will provide the necessary technical support and “on demand” distribution for OPTEK’s optoelectronic sensors and fiber optic devices, along with their visible LED components and assemblies.

“NRC’s expertise in the component industry, along with sales locations in the Americas, Asia and Europe, positions them well to meet the needs of our optoelectronic and solid state lighting customers worldwide,” said Alan Bennett, vice president of sales and marketing for OPTEK Technology. “With their unique approach to serving the market in terms of logistics and supply chain management, we look forward to the new opportunities this partnership will create.”

“In addition to their extensive offering of optoelectronic products, OPTEK greatly enhances our illuminated components offering, which is the fastest growing segment of our industry,” stated Renee Michon, VP Sales of NRC Electronics.

NRC Electronics, a leader in distribution logistics and supply chain management, has continually ranked among the top five distributors of electronics components. With In-Plant Store (IPS) locations in North America, Latin America, Asia and Europe, NRC is able to provide customized logistics, products and services to OEM customers and electronic manufacturers throughout the world.

About OPTEK:
OPTEK Technology is a leading manufacturer of standard and application-specific sensors using infrared, visible, magnetic and fiber optic technologies focused on applications in office machines, industrial equipment, encoders, automotive electronics, military and highreliability applications, and medical diagnostic equipment. Headquartered in Carrollton, TX, the company is ISO/TS16949:2002 and BS EN ISO 9001:2000 certified, as well as ITAR registered. OPTEK Technology was acquired by TT electronics in December 2003.

TT electronics plc is a global electronics company manufacturing a broad range of advanced electronic components, assemblies and sensor modules for the automotive, industrial, telecommunication, computer and aerospace markets.

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