Vicor Corporation (NASDAQ: VICR) today announced its distribution agreement with Avnet (NASDAQ: AVT), a global distributor of electronic components and services.
The agreement expands access to Vicor’s power modules through Avnet’s world-class design and supply chain, enabling global customers to achieve world-changing innovation with higher system performance and greater scalability.
“This is a great opportunity for Vicor to partner with a global leader aligned with Vicor’s target markets,” said David Krakauer, VP Industrial Business Unit and Corporate Marketing. “Working with Avnet will better position Vicor to bring our highly differentiated modular power solutions to customers who wish to unleash the power of their own innovations.”
“In today’s markets, businesses need to innovate to stay ahead of the competition,” said Peggy Carrieres Global Vice President Supplier Development for Avnet. “This agreement comes at a time when many of our customers are looking for opportunities to separate themselves from the pack. They are struggling to fit more power in increasingly smaller spaces, and they are searching for power-dense and highly efficient solutions. Vicor power modules will deliver a quality solution for our customers.”
The global franchise agreement is effective immediately. Customers in the EMEA region (Europe, Middle East & Africa) will have access to the Vicor product portfolio via Avnet’s European business unit, Avnet Abacus, one of the leading interconnect, passive, electro-mechanical and power distributors.