IDT Expands Distribution Network with Signing of Future Electronics
SAN JOSE, Calif., November 9, 2005 —IDT™ (Integrated Device Technology, Inc.; Nasdaq: IDTI), today announced it is expanding its distributor network in the Americas with the signing of Future Electronics. With this signing, IDT enhances its ability to partner with a broad range of companies from established OEMs to contract manufacturers. Future will be establishing demand creation programs for the entire IDT product line, which includes those products from the merger with ICS and the acquisition of the Freescale timing solutions business.
“IDT values its distribution partners and considers them critical to both reaching our 2006 sales goals and the overall success of the company,” said Julian Hawkins, vice president world wide sales for IDT. “Future demonstrated their success with the ICS products before our merger and we are excited to add them to our network of partners. With Future, IDT is able to leverage the distribution industry’s largest collection of field application engineers and expand our access to new and emerging customers in many industries.”
“IDT enables Future to expand its presence in the networking and communications sector with an innovative and attractive product line-up,” said Stephen Segal, Future Electronics. “We are excited by the opportunity to partner with IDT and expand its overall customer base in the Americas.”
For more information on the IDT distribution network, go to www.idt.com or call (800) 223-1366.
IDT is a global leader in semiconductor solutions for advanced network services. IDT serves communications equipment vendors by applying its advanced hardware, software and memory technologies to create flexible, highly integrated products that enhance the functionality and processing of network equipment. IDT accelerates innovation with products such as network search engines (NSEs), flow-control management (FCM) ICs and its commitment to and products for standards-based serial switching. The portfolio also comprises products optimized for communications applications, including telecom products, FIFOs, multi-ports, and timing solutions. In addition, the product mix includes high-performance digital logic and high-speed SRAMs to meet the requirements of leading communications companies.
Headquartered in San Jose, Calif., the company employs approximately 2,900 people worldwide and has a wafer manufacturing facility in Oregon, and an assembly and test facility in Malaysia. IDT stock is traded on the NASDAQ Stock Market® under the symbol “IDTI.” The company is included in the S&P 1000, which is a combination of the S&P MidCap 400 and S&P SmallCap 600 Indices, and is also part of the S&P SuperComposite 1500, which combines the S&P 500, MidCap 400, and SmallCap 600.
IDT and the IDT logo are trademarks of Integrated Device Technology, Inc. Other brands, product names and marks are trademarks, registered trademarks, or trade names of their respective owners