Microsemi and Avnet Memec Expand Strategic Distribution Agreement in Americas

ALISO VIEJO, Calif. and PHOENIX, Sept. 15, 2011 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Avnet Memec, a division of Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), today announced an expanded distribution relationship in the Americas. The parties intend to enable Avnet Memec to distribute Microsemi's full technology product offering, by adding Microsemi's RF, power, DC /DC converter, mixed-signal, analog, RF ICs and system/subsystem products to the Avnet Memec line card. Avnet Memec will continue to distribute Microsemi's lines of flash-based, SmartFusion® customizable system-on-chips (cSoCs) and FPGAs, which Avnet Memec currently offers. Microsemi will continue to work closely with Avnet Memec to facilitate its "design creation" methodology to generate increased demand for its products and better service its customers.

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"Avnet Memec is an outstanding channel partner with an extensive field applications engineering team that allows us further to strengthen our technical customer support by offering more complete product solutions," said Rick Goerner, senior vice president of Worldwide Sales for Microsemi. "Our expanded alliance with Avnet Memec also aligns with our strategy to establish a consolidated network of industry leading, go-to-market channel partners with a global footprint. This has become particularly important given our breadth of products resulting from the aggressive acquisition activities we have undertaken in the past several years."

"Avnet's ardent commitment to both our customers and supplier partners has rewarded us with the opportunity to offer Microsemi's comprehensive line of products to our mutual customers," said Phil Sansone, senior vice president, Avnet Memec Americas. "Now, Avnet Memec customers will be able to benefit from Microsemi's entire range of innovative technologies, backed by Avnet's superior design- and supply-chain services and logistics support."

"Our relationship with Avnet Memec enables us to address a broader range of opportunities in key vertical markets ranging from avionics to emerging alternative energy and smart grid applications," said Michael G. Sivetts III, corporate vice president of Worldwide Distribution Sales at Microsemi. "Moving forward, we will work closely with Avnet Memec to educate customers about our comprehensive solutions portfolio at a product and vertical market level."

About Microsemi's Products

Avnet Memec has been a successful channel partner for Microsemi's broad line of SoC and FPGA solutions, including Microsemi's award-winning SmartFusion cSoCs, the only devices that integrate an FPGA, a hard ARM® Cortex™-M3 microprocessor and programmable precision analog macros, enabling full customization, system optimization, IP protection and ease-of-use. Based on Microsemi's proprietary flash process, SmartFusion devices are ideal for hardware and embedded designers who need a highly integrated device that provides more flexibility than traditional fixed-function microcontrollers, and significantly reduces the cost of soft processor cores on traditional FPGAs.

Additional Microsemi products include:

• RF and Power Components: MOSFETs, hybrids, high reliability transistors/diodes, and power transistors.
• Analog and Mixed-signal ICs: LED drivers, CCFL controllers, and solid state lighting solutions for light management applications; power management, conditioning, and delivery solutions.
• Wireless RFICs and RF front-ends: GaAs power amplifiers, integrated SiGe RF front-ends.
• Systems and Subsystems: Solid state disk drives, mmWave modules, radio subsystems, satellite power supplies, PoE midspans.

To reach an Avnet Memec representative, please contact a local Avnet branch or visit www.avnetexpress.com.

About Avnet Electronics Marketing

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. that 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 website is located at www.em.avnet.com.

About Avnet, Inc.

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ended July 2, 2011, Avnet generated revenue of $26.5 billion. For more information, visit www.avnet.com.

About Microsemi

Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor solutions for: aerospace, defense and security; enterprise and communications; and industrial and alternative energy markets. Products include high-performance, high-reliability analog and RF devices, mixed-signal and RF integrated circuits, customizable SoCs, FPGAs, and complete subsystems. Microsemi is headquartered in Aliso Viejo, Calif., and has more than 2,700 employees globally. Learn more at www.microsemi.com.

Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to the expanded distribution relationship with Avnet Memec, and its potential effects on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

SOURCE Microsemi Corporation

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