Avnet Electronics Marketing and ITT Celebrate Diamond Anniversary


Avnet Electronics Marketing and ITT Celebrate Diamond Anniversary

PHOENIX--(BUSINESS WIRE)-- This year, Queen Elizabeth II celebrated her 60th year as head of the Commonwealth, but she's not the only institution celebrating a diamond anniversary. In 1952, Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), one of the world's largest distributors of electronics components and embedded systems, inked a distribution agreement with ITT Corporation's (NYS: ITT) Interconnect Solutions business, which then operated under the name of its flagship Cannon brand.

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"For 60 years, Avnet and ITT have leveraged the strength of our partnership to bring our mutual customers highly engineered and highly customized solutions," said Ed Smith, president, Avnet Electronics Marketing Americas. "Throughout the decades, our two companies have seen incredible changes, both in our industry and in the world around us. Technology will continue to evolve at breakneck speeds and we'll face these exciting challenges together - hopefully for 60 more years."

The same year Avnet and ITT signed their distribution agreement ITT engineers introduced the world to the D-sub connector, the industry's first multi-purpose connector. Over the past 60 years this invention has found its way to desktops and laptops throughout the world - a large feat for a relatively small-sized technology. Currently, Avnet sells ITT's entire line of interconnect solutions: from rack and panel to firewall connectors, D-subminiatures and high-reliability products. The ITT Micro-D Metal (MDM) connectors are an Avnet best-seller and meet increased demand for high performance in a rugged microminiature connector. An excellent example of ITT's commitment to continual innovation is its electric vehicle connector line, another Avnet best-seller. The EVC-C-15A-300S-20, for example, features the industry's first level 2 75 amp full charge in less than 4 hours. To view the entire ITT product line offered by Avnet, visit www.avnetexpress.com.

"At ITT, we focus on working collaboratively with our partners to provide our customers a premier experience and build long-term relationships," said Tracey Peacock, vice president and director, business development and strategy, for ITT's Interconnect Solutions business. "From providing high-quality products to reducing total cost of ownership, we look forward to continuing to work with our key partners to create value for customers."

Sponsoring the Future of Innovation

To celebrate this milestone, Avnet Electronics Marketing has made a charitable donation to the FIRST® Robotics Competition in honor of ITT's Interconnect Solutions business. FIRST Robotics is a non-profit organization, led by American innovator Dean Kamen, that seeks to inspire children and young adults to pursue careers in science, technology, engineering and math (STEM). For more information about FIRST® Robotics, visit www.usfirst.org.

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About ITT's Interconnect Solutions business

ITT's Interconnect Solutions business is an international manufacturer and supplier of connectors and interconnects that make it possible to transfer signal and power in an increasingly connected world. Through leading brands such as Cannon, VEAM and BIW, the business serves customers in the telecommunications, aerospace, industrial, oil and gas, medical, transportation and military markets. Its connectors include circular, rectangular, fiber optic, RF, power and high voltage, audio, PCMCIA, Compact Flash Card, enclosures, cable assemblies, and application specific custom solutions. For more information on ITT Interconnect Solutions and an archive of its press releases, please visit http://www.ittcannon.com.

About ITT Corporation

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for growing industrial end-markets in energy infrastructure, electronics, aerospace and transportation. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 30 countries and sales in a total of approximately 125 countries. The company generated 2011 revenues of $2.1 billion. For more information, visit www.itt.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. (NYS: AVT) , a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com.

Avnet Electronics Marketing
Heidi Elliott, 480-643-7584
Senior Director, Marketing Communications

KEYWORDS: United States North America Arizona New York


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