For Release: June 9, 2001
Altera Corporation and EBV Elektronik To Expand European Distribution Agreement
Munich, June 9, 2001 -- Altera Corporation (Nasdaq: ALTR) today announced that an agreement has been reached with EBV Elektronik (an Avnet Inc. company) for the distribution of Altera's system-on-a-programmable chip (SOPC) solutions in the whole of Europe, with the exception of Israel. This will expand the companies' existing relationship in Central Europe.
With the increasing demand for Altera's SOPC solutions, EBV will bring additional expertise to assist Altera's existing European customers with technical requirements, as well as the ability to further expand Altera's customer base. Dedicated field applications engineers will be deployed to support the demand creation for Altera SOPC solutions. In addition, Altera and EBV will be co-operating closely on an innovative supply chain integration program that will deliver outstanding levels of customer service to support customers volume-manufacturing processes.
Commenting on the announcement, Nigel Toon, vice president and managing director for Altera Europe said: "We have established a very close partnership with EBV over the last few years in Germany, Switzerland, Benelux and Eastern Europe and have put in place a proven success model for both demand creation and volume fulfillment. We are excited about working together with EBV to roll this model out to all European countries to further enhance our support for customers."
"Our goal is to provide Altera with a solid foundation for their channel distribution, a key element in Altera's commitment for a total customer solution," said Hans Meinersen, Technical Director of EBV Elektronik. "The Altera-EBV partnership will strengthen EBV's strategic desire to provide our customers with the best possible technical and technology support available in the European distribution industry."
The agreement with Altera is another step for EBV to proliferate its existing suppliers' portfolio throughout Europe. As one of the very few semiconductor specialists in Europe, EBV now represents all of its suppliers on a pan-European basis, with minor local exceptions, and delivers its full set of technical and logistical services to all customers everywhere. The company ensures that customers can be supported not just in application engineering but also in very early stages of challenging projects. Meinersen concludes: "85 percent of costs in a new system are determined in very early project stages. Our mission is to work closely with our customers in these phases so we can help reduce costs and development time."
About Altera
Altera Corporation, The Programmable Solutions Company®, was founded in 1983 and is a leading supplier of programmable logic devices (PLDs). Altera's CMOS-based PLDs are user-programmable semiconductor chips that enhance flexibility and reduce time-to-market for companies in the communications, computer peripheral, and industrial markets. By using high performance devices, software development tools, and sophisticated intellectual property cores, system-on-a-programmable-chip (SOPC) solutions can be created with embedded processors, memory, and other complex logic together on a single PLD. Altera common stock is traded on the Nasdaq Stock Market under the symbol ALTR. More information on Altera is available on the Internet at http://www.altera.com.
About EBV ELEKTRONIK
EBV ELEKTRONIK, an Avnet Company, is a pan-European semiconductor distribution specialist and firmly positioned among Europe's top three semiconductor distributors. EBV ELEKTRONIK offers extensive design support through more than 70 field application specialists, and services customers via a highly efficient centralized warehousing facility in Poing, Germany, operated by Avnet Logistics. EBV ELEKTRONIK employs over 700 people in 50 locations across Europe. Information about EBV ELEKTRONIK is available on the World Wide Web under http://www.ebv.com.
Safe Harbor
This press release contains ``forward-looking statements'' that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally preceded by words that imply a future state such as ``expected'' or that imply that a particular future event or events will occur such as ``will''. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty, including without limitation the risk that future performance is dependent on product development schedules, the design performance of software and other tools, as well as the company's and third parties' development technology and manufacture capabilities. Please refer to the company's Securities and Exchange Commission filings, copies of which are available from the company without charge.
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