26.11.2007 20:44:00

Avnet Electronics Marketing and Tyco Electronics Ink Global Franchise Agreement

Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), has announced that Tyco Electronics has extended its franchise agreement with Avnet to include all of Europe, Asia Pacific, Japan and India. The extension of the global franchise agreement is focused on Tyco Electronics’ electronic components segment, which includes connectors and interconnect systems, relays, switches, circuit protection devices, sensors, wires and cable. These products are used primarily in the automotive, computer, consumer electronics, communication equipment, appliance, aerospace and defense, industrial machinery and instrumentation markets. "For 60 years, Tyco Electronics has a held a leadership position in the electronics industry. Through our newly expanded agreement with them, we are able to offer many advantages for our mutual customers across the globe – including shorter lead times, reduced time to market, and a broad product line,” said Tom McCartney, senior vice president of IP&E business development worldwide for Avnet Electronics Marketing. "We look forward to working with Tyco Electronics to offer market-leading products and Avnet’s support and supply chain capabilities locally on a global basis.” "Avnet has a long-standing track record of providing exceptional service to our customers in the Americas,” said Jack Voelmle, vice president for Tyco Electronics’ global industrial and commercial business. "We are very pleased to offer our customers around the world the same opportunity to benefit from Avnet’s superior logistical capabilities and innovative services.” For more information about Tyco Electronics products, please visit: www.em.avnet.com/te. About Avnet Electronics Marketing Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at http://www.em.avnet.com. About Avnet Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving 70 countries worldwide. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com.

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