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Avnet Electronics Marketing Wins Distinguished Supplier Award from Fyrnetics -Hong Kong- Ltd.; Award Spotlights Avnet's Outstanding Achievement in Supply-Chain Management

Tuesday, April 20, 2004 10:37 am MST

Dateline:

PHOENIX

Public Company Information:

market not identified:
AVT
"This award highlights Avnet Electronics Marketing's commitment to supporting our customers' design- and supply-chain activities wherever they occur across the globe"
PHOENIX--(BUSINESS WIRE)--April 20, 2004--Avnet Electronics Marketing, the largest operating group of Avnet Inc. (NYSE:AVT), announces it has been awarded the Distinguished Supplier with Outstanding Achievement in Supply Chain Management award, by Fyrnetics (Hong Kong) Ltd., a global supplier of fire safety products. Avnet Electronics Marketing won the award on the basis of its support of Fyrnetics' design activities in North America and manufacturing operations in China. The Avnet global business migration team, working through Avnet Supply Chain Services, implemented a comprehensive supply-chain engagement for Fyrnetics, including a consignment stock program that helped shave time and cost from its global manufacturing operations.

"This award highlights Avnet Electronics Marketing's commitment to supporting our customers' design- and supply-chain activities wherever they occur across the globe," noted Phil Gallagher, executive vice president of Avnet Electronics Marketing. "Our global business migration team is well-prepared to offer creative and cost-effective logistics programs, and finance and asset management programs that help companies compete effectively in the global electronics market," he said. "Fyrnetics (Hong Kong) and Kidde, its sister operation in North America, have implemented sophisticated and forward-thinking programs, and we are proud to be a part of their success."

"This award recognizes a number of Avnet Electronics Marketing's key attributes," said Raymond Tsang, president of Avnet Asia. "It not only shows that our customers can leverage our supplier, product and technical expertise to get products to market faster and more profitably, it also highlights the use of our best-in-class supply-chain and logistic fulfillment services throughout Asia and globally. Our goal is to help customers like Fyrnetics to achieve better operational efficiencies by helping them identify and remove excess cost from their supply chains."

About Avnet Electronics Marketing

Avnet Electronics Marketing Americas serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers through three focused business divisions, distributing electronic components from leading manufacturers and providing associated services. Avnet Cilicon focuses solely on semiconductors with dedicated channels to specific end-market segments; Avnet IP&E is the leading interconnect, passive and electromechanical components specialist; and Avnet Supply Chain Services provides end-to-end supply chain optimization programs. The company's Web site is located at www.em.avnet.com.

Avnet Electronics Marketing is the largest operating group of Avnet Inc. Avnet enables success at the center of technology, providing cost-effective services and solutions vital to a broad base of more than 100,000 customers and 250 suppliers. Avnet generated revenue of $9.05 billion in fiscal 2003 (year ended June 27, 2003) through sales in 68 countries. Via its premier market position, Avnet brings a breadth and depth of capabilities, which help its trading partners accelerate growth and realize cost efficiencies. The company markets, distributes and adds value to semiconductors, interconnect, passive and electromechanical (IP&E) components, enterprise network and computer equipment, software and embedded sub-systems.

Contact:

Avnet Electronics Marketing
Jennifer Read, 480-643-2931
Jennifer.read@avnet.com