Avnet Inc. (AVT) announced that its Electronics Marketing Americas division entered into a distribution agreement with Nextreme Thermal Solutions, a manufacturer of micro-scale thermal and power management products.
The financial terms of the deal were not disclosed.
Based near Research Triangle Park, North Carolina, Nextreme provides electronics cooling and energy harvesting solutions for telecommunications, semiconductor, aerospace, consumer, medical and government markets.
Under the contract, Avnet will distribute Nextreme’s energy harvesting products, which have strong demand in the consumer and industrial end-markets. The company also expects to ensure the growth in opportunities in thermal management and energy harvesting.
Management stated that Nextreme’s alternative energy source fits in well with Avnet’s wireless connectivity solutions. In addition, the combination of wireless transmitters and Thermobility, Nextreme’s wireless power generator, is capable of providing electric power for decades of maintenance-free operation.
Earlier, the Electronics Marketing division entered a distribution agreement with Aldec Inc., a leader in electronic design verification. Avnet will distribute Aldec’s mixed-language FPGA design creation and simulation product, Active-HDL (Designer Edition), in the Asia Pacific region.
The Electronics Marketing Group distributes semiconductors and Interconnect, passive and electromechanical devices, in addition to offering supply chain management, inventory replenishment systems and non-complex engineering design services.
For the third quarter of fiscal 2011, Electronics Marketing revenues were $3.93 billion, up 36.0% year over year. During the quarter, demand for electronic components was solid and seasonal trends were better than expectations. At the end of the quarter, book-to-bill ratio was positive.
Avnet is one of the world’s largest distributors of electronic components and computer products. The company directly competes with Arrow Electronics Inc. (ARW).
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