Simtek Announces Exclusive North American Distribution Agreement With Future Electronics
April 24 2007 - 7:30AM
PR Newswire (US)
COLORADO SPRINGS, Colo., April 24 /PRNewswire-FirstCall/ -- Simtek
Corporation (NASDAQ:SMTK), the inventor, pioneer, and world's
leading supplier of nonvolatile static random access memory
(nvSRAM) integrated circuits, today announced a new exclusive
distribution agreement with Future Electronics. Future will
promote, supply and support Simtek products throughout North
America, expanding product access and support options for customers
in the region. Future has been a key worldwide distributor for
Simtek since early 2000, and is a world-class leader and innovator
in the distribution and marketing of semiconductors and passive,
interconnect and electro-mechanical components. The agreement joins
Simtek's unique nvSRAM products for the industrial, robotic,
medical, data storage, and military markets with Future's regional
strength, technical resources and cutting edge portfolio of
complementary technology and product lines. "We have had an
excellent relationship with Future over the past 7 years and are
eager to expand our relationship to include sales channel
distribution exclusivity in North America," commented Harold
Blomquist, President and Chief Executive Officer. "Moving to a
single channel distributor model will enable us to fully capitalize
on Future's vertically integrated industrial sales and distribution
expertise and to jointly provide excellent service and support to
all our distribution customers." "We look forward to expanding our
North American distribution efforts with Simtek," commented Doug
Gilchrist, Director of Memory Products for Future Electronics.
"Simtek's unique technology offers our clients the speed and
functionality of SRAM yet still retains data on power loss, making
them an integral part of our product portfolio." About Simtek
Corporation Simtek Corporation designs and markets high-speed,
re-programmable, nonvolatile semiconductor memory products, for use
in a variety of systems including RAID servers, storage arrays, GPS
navigational systems, industrial controllers, robotics, copiers,
avionics, metering, consumer, UPS, and networking and broadcast
equipment. Information on Simtek products can be obtained from its
web site: http://www.simtek.com/; email: . The company is
headquartered in Colorado Springs, Colorado. About Future
Electronics Future Electronics, a global leader in electronics
distribution, ranks 3rd in component sales worldwide. Founded in
1968, the company has emerged as one of the most important entities
in the electronics distribution industry and today, is recognized
around the globe as one of the industry's most innovative
organizations. This position is built upon Future's commitment to
maintain close business partnerships with both suppliers and
customers, coupled with the strength of its commercial and
technical competencies through all stages of the design-production
cycle. The company employs 5,000 employees in 167 offices in 39
countries around the world. Future Electronics' web site can be
accessed at http://www.futureelectronics.com/ DATASOURCE: Simtek
Corporation CONTACT: Brian Alleman, CFO of Simtek Corp., ; or Marie
Dagresto or Todd Kehrli, both of MKR Group, Inc., +1-323-468-2300,
, for Simtek Corp. Web site: http://www.simtek.com/
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