April 19, 2017 11:51 AM Eastern Daylight Time
PHOENIX & JERSEY CITY, N.J.–(BUSINESS WIRE)–Avnet (NYSE: AVT), a leading global technology distributor, and Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced the signing of an expanded franchise agreement. Avnet now offers Bel’s full line of power products, circuit protection, magnetics and interconnect solutions globally to customers in the Americas, Europe and Asia in markets including networking, telecommunications, computing, military/aerospace and transportation.
“With our extensive global technical and supply chain resources, Avnet’s IP&E specialists can streamline global sourcing of Bel’s diverse product portfolio and help guide our mutual customers to the solutions that will enable peak performance across both emerging market applications, as well core datacenter, telecom and avionics systems,” said Tom McCartney, senior vice president, global IP&E business development, Avnet.
For 65 years, Bel has been a dependable source of quality power, protection and interconnect devices for a broad array of high-technology products. Today Bel is a leader in the development of innovative solutions essential to next-generation applications such as multispeed Ethernet connectivity, on-board power and ruggedized optical transceivers.
“This agreement will enable us to grow our sales reach in multiple industrial markets throughout the world,” said Dan Bernstein, president and CEO of Bel Fuse Inc. “Avnet has been a top-notch distribution partner for Bel for many years, and with this new agreement, we look forward to not only reaching a greater array of customers worldwide, but to providing these customers with the world-class design and supply chain support they need to bring their products to market more quickly and cost-effectively.”
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About Bel
Bel (belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military and aerospace, transportation and broadcasting industries. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
About Avnet
From idea to design and from prototype to production, Avnet supports customers at each stage of a product’s lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.
Contacts
Avnet
Maureen O’Leary, 480-643-7499
Maureen.OLeary@avnet.com
or
Bel Fuse Inc.
Mary Benetti-Condon, 262-748-6184
Channel Marketing Manager
Mary.BenettiCondon@cinch.com
