Regulatory News:
Avnet Memec, the highly specialized semiconductor distributor of
Avnet Electronics Marketing EMEA, announced today the extension of its
distribution agreement with Wavecom SA (Paris:AVM) (NASDAQ:WVCM)
(ISIN:FR0000073066). The strategic partnership will be extended to
Germany, France, Austria and Switzerland. Avnet Memec received the
Wavecom distributorship through the acquisition of ESCO Italiana in
October 2006. This expanded agreement reinforces the already strong
position of Avnet Memec as Wavecom distributor in Italy, Greece and
Turkey.
"We are very proud that Wavecom has extended the distribution
agreement after just 10 months. It is reward for our activities over
the last months and also highlights Wavecom's trust in our expertise
in the field of marketing and selling industrial wireless technology
across Europe. Wavecom's wireless CPU(R) products fit well into our
technology strategy, and our model is well aligned to Wavecom's
expectations" stated Steve Haynes, President of Avnet Memec.
Jon Ellis, Vice President Technical Marketing, Avnet Memec, added:
"Wavecom not only offers the most complete Wireless solution with
their Wireless CPU(R), they also offer Open AT(R) Software Suite and a
full range of professional services, including Wavecom University
training programs and custom design expertise. In addition, Avnet
Memec is already very well positioned in all of the application
markets in which Wavecom products fit, such as Security and Alarms,
Control and Monitoring, Industrial Automation, Home and Security or
Automatic Meter Management. The combination of forces across Europe
and industry segments will help both Avnet Memec and Wavecom to drive
the technical innovation surrounding Wireless CPU(R)s."
Andrew Suttle, Director Indirect Sales EMEA, Wavecom, commented,
"Avnet Memec will help Wavecom to further strengthen its position as a
world-leader in pre-packaged wireless communication solutions,
especially targeting some of the most dynamic industrial wireless
markets in Europe. With its excellent know-how in wireless
communications plus its extensive team of technical sales and field
application engineers Avnet Memec is well-suited to serve customers
with Wavecom technology across Europe."
About Avnet Memec
Avnet Memec was established in 2005 as a result of the Memec
acquisition and the subsequent integration of Memec and WBC
operations. Avnet Memec is a highly specialised semiconductor
distributor, operating on a pan-European basis and employing a
significant number of engineers to support customers' design efforts.
The ratio of sales specialists to application specialists is 1:1 -
giving Avnet Memec more than twice the technical respurces per sales
person than the Avnet average and more than three times than typically
found in traditional distributors.
Avnet Memec specialises in highly innovative suppliers and
technologies, which will help a variety of customers to differentiate
their designs. Its area of specialisation extends from Analog and
Microcontrollers to RF, Datacom and Networking.
Avnet Memec operates as an independent business unit of Avnet
Electronics Marketing EMEA, and utilizes the strengths of Avnet's
backbone organizations - such as Avnet Supply Chain Solutions and
Avnet Logistics - to ensure the highest level of customer
satisfaction.
Avnet Memec operates from 30 offices in 17 European countries. The
company represents major semiconductor franchises on a pan-European
basis. Its many major supplier partners include NEC, Silicon
Laboratories, Lattice, Marvell, and Zarlink.
www.avnet-memec.eu.
About Wavecom
Wavecom is a worldwide leader in embedded industrial wireless
communication solutions for automotive, machine-to-machine and mobile
professional applications. Wavecom's solutions include the Open AT(R)
software platform encompassing the Wavecom Open AT(R) Operating
System, a wide range of Plug-Ins, the Open AT(R) Integrated
Development Environment (IDE) along with a market-leading range of
Wireless CPUs (Central Processing Units), and an expanding portfolio
of services. These complete embedded solutions enable makers of all
types of machines to development of a new breed of intelligent
wireless applications, without the need of external processors and
other ASICs (Application Specific Integrated Circuits) and components.
Founded in 1993 and headquartered in Paris, Wavecom has
subsidiaries in Hong Kong (China), Research Triangle Park, NC (USA)
and Farnborough (UK). Wavecom is publicly traded on Euronext Paris
(Eurolist) in France and on the NASDAQ (WVCM) exchange in the U.S.
www.wavecom.com
