Arrow Electronics and Logic Product Development Execute Distribution Agreement
Melville, NY, & Minneapolis, MN - April 13, 2006 - The North American Components (NAC) group of Arrow Electronics, Inc. [NYSE: ARW] and Logic Product Development (Logic) today announced a distribution agreement.
This distribution agreement expands Arrow's ability to provide low-cost development platforms and product-ready embedded computing solutions based on AMD GeodeTM, Freescale ColdFire®, Intel XScale®, Sharp ARM®, and Renesas SuperH® microprocessors.
Logic is a leading embedded computing products provider and world-class product development services company. Logic partners with customers to integrate these off-the-shelf embedded computing boards directly into their final product or leverage the design to develop a custom board. The embedded computing products are ideal for a variety of applications, such as medical equipment, industrial test and measurement, gaming systems, cameras, and point-of-sale terminals.
"Arrow possesses the technical knowledge and logistical reach necessary to ensure that our customers have the right tools to be successful," said Danny Cunagin, president, Logic. "With Arrow, we offer solutions that allow our OEM customers to create more products with lower Non Recurring Engineering costs and fewer internal resources."
Logic's product-ready hardware and software platforms enable OEMs to dramatically accelerate product development cycles and increase levels of product innovation. Furthermore, Logic's platforms will enable Arrow's OEM customers to focus on developing their core competencies, which create greater customer value and broaden competitive differentiation in today's global marketplace.
"Logic's extensive experience developing embedded technologies will enable our OEM customers to reduce the time and resources required to bring new products to market," said David Doherty, vice president, Supplier Services Group Marketing, Arrow NAC. "In essence, Logic's product-ready platforms will provide our OEM customers the ability to snap in critical pieces of product development rather than build these embedded system requirements from scratch. This allows our OEM customers to stay focused on their core competencies and deliver innovative and high quality products to market faster."
# # #
About the North American Components group of Arrow Electronics
The
North American Components (NAC) group of Arrow Electronics, Inc. is a leading
provider of semiconductors and passive, electromechanical, and connector
products, services, and supply chain solutions tailored to serve distinct
customer segments with dedicated sales teams. Three primary, customer-focused
NAC groups serve these market segments: The Arrow/Zeus Electronics Group targets
the aerospace and military markets; the Arrow Electronics Components Group
serves local OEM and contract manufacturing customers; and the Arrow Alliance
Group focuses on large customers with complex needs.
Arrow Electronics, Inc. is a major global provider of products, services, and solutions to industrial and commercial users of electronic components and computer products.
About Logic Product Development
Logic Product Development, founded
in 1960 and based in Minneapolis, Minnesota, is a world-class embedded computing
products and product development services provider with more than forty years of
experience helping customers get new products to market faster. Logic provides a
family of embedded computing solutions that reduce product development time,
risk, and cost by utilizing off-the-shelf proven hardware and software
solutions. Logic's Product Development Services group offers a comprehensive
array of capabilities from initial product concept and design to volume
production and fulfillment.
For more information, visit Logic's Web site at www.logicpd.com.
Media Contacts:
Ann Shiveley
Arrow Electronics
(303)
824-3762
ashiveley@arrow.com
Eric Harnisch
Logic Product
Development
(612) 436-5156
eric.h@logicpd.com
