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Unique Quote Utility Provides a Single, Authorized, Efficient
Marketspace That Connects Distributors, Suppliers and Customers
Los Angeles, Calif. - Sept. 11, 2000 - eConnections,
Inc. announced today that ten of the world's leading distributors
of electronic components - All American (NASDAQ: SEMI), Arrow
Electronics (NYSE: ARW), Avnet (NYSE: AVT), Bell Microproducts
(NASDAQ: BELM), Kent Electronics Corporation (NYSE: KNT),
The Memec Group (which includes Impact Technologies, Insight
Electronics and Unique Technologies), Nu Horizons (NASDAQ:
NUHC), Pioneer-Standard Electronics (NYSE: PIOS), Reptron
Electronics (NYSE: REPT), and TTI, Inc.- will join Quotility,
a new online quote utility developed by eConnections, the
provider of total supply-chain-management solutions for the
electronics industry. Quotility is the only quoting service
that includes as participants the largest and most prominent
distributors in the world, collectively authorized by manufacturers
to sell virtually every electronic component available today.
Quotility, scheduled to begin service in early October 2000,
signals the emergence of a new community inside the electronics
industry: the only neutral marketspace where electronics manufacturers
can request, collect, and compare critical product information
from distributors and suppliers, confident that the data is
accurate, timely, reliable, and secure.
"Distributors, manufacturers and customers want a supply
chain that moves faster and more efficiently, and Quotility
can help provide that," said Bruce Richardson, senior
vice president of research, AMR Research. "Add to the
mix the resources and capabilities of the distributors involved,
who together offer unparalleled breadth and availability of
product coverage, and Quotility creates a service of unique
value."
"The electronics marketspace will clearly benefit from
an independent and neutral quoting service that doesn't interfere
with the buying and selling process," said Robin B. Gray,
Jr., executive vice president, National Electronics Distributors
Association. "And because Quotility is connected to authorized
distributors, customers know they'll get reliable data from
distributors who add real value."
Quotility will provide significant value for customers. It
will replace traditional inefficiencies with automated and
intelligent quote distribution, tracking, consolidation, and
reporting capabilities. Customers can upload quotes, select
the authorized distributors and suppliers they wish to quote,
then receive an automated spreadsheet containing detailed
information as to price, delivery, manufacturers' part numbers,
and standard packaging. And, because that information is authorized,
customers know they'll get what they pay for: genuine components,
warranty protection, technical support, customer service,
inventory management, and value-added services.
"The ability to consolidate quoting through one centralized
location from authorized sources, saves time, money, and eliminates
transactions," Piyush Patel, Chairman and CEO, Cabletron,
said. "Quotility will increase efficiency within the
system, and accelerate time to market, without compromising
the relationships and advantages of distribution."
Quotility's broad support from these key distributors highlights
the need for and value of its services to the marketspace.
Because Quotility is a neutral third party, its platform will
support the ongoing relationships between distributors, suppliers
and customers.
"The playing field has been getting progressively more
complex and competitive in the area of quote-distribution
systems," said Kneko Burney, director of eBusiness infrastructure
and services, Instat. "The problem is that many third-party
companies have emerged with the specific mission to influence
supply and demand, essentially competing with authorized distributors.
Quotility should provide a secure alternative that protects
proprietary customer data while meeting the needs of customers
and suppliers alike."
"People need data they can trust from suppliers they
can trust," Rob Rodin, CEO, eConnections, explains. "Quotility
is committed to high-integrity, high-quality relationships.
We will provide that through authorized, efficient connections."
About eConnections
eConnections represents the next generation of solutions for
supply-chain management in the electronics industry. Built
by a team with deep domain expertise, eConnections streamlines
the complex process of bringing electronics products to market,
giving supply-chain partners an intelligent, integrated and
customizable system with direct authorized connections to
electronic component suppliers and distributors. For more
information, visit www.eConnections.com.
About All American Semiconductor, Inc.
A leader in distribution technology and supply chain management,
All American is recognized as the 5th largest distributor
of semiconductors and the 12th largest electronic components
distributor overall. With 35 strategic locations throughout
North America, All American distributes products from some
of the worlds leading suppliers to a diverse end market industry
mix of OEM customers as well as all of the leading contract
electronic manufacturers. The company's Web site is located
at www.allamerican.com.
About Arrow Electronics, Inc.
Arrow Electronics is the world's largest distributor of electronics
components and computer products, with 1999 sales of $9.3
billion. Headquartered in Melville, New York, Arrow serves
as a supply channel partner for more than 600 suppliers and
175,000 original equipment manufacturers and commercial customers
through more than 225 sales facilities and 19 distribution
centers in 37 countries. Detailed information about Arrow's
operations can be found at www.arrow.com.
About Avnet, Inc.
Phoenix-based Avnet Inc., a Fortune 500 company with annual
sales exceeding $6.3 billion, is one of the world's largest
distributors of semiconductors, interconnect, passive and
electromechanical components, and computer products from the
industry's leading manufacturers. Serving customers in 60
countries, Avnet markets, inventories and adds value to these
products and provides world-class supply-chain integration
services. The company's Web site is located at www.avnet.com
About Bell Microproducts, Inc.
Bell Microproducts is an international value-added provider
of a wide range of high-technology products, solutions, and
services to the industrial and commercial marketplace. The
company's offering includes semiconductors, computer platforms,
peripherals, and storage products of various types including
desktop, high-end computer and storage subsystems, fiber channel
connectivity products, RAID, NAS and SAN storage systems and
back-up products. Bell Microproducts is an industry-recognized
specialist in storage products and is one of the world's largest
storage-centric value-added distributors. The company's products
are available at any level of integration from components,
to subsystem assemblies, to fully integrated, tested and certified
system solutions. More information can be found in SEC filings,
or by visiting the Bell Microproducts Web site at www.bellmicro.com.
About Kent Electronics Corp.
Kent Electronics is among the largest publicly traded specialty
electronics distributors and network integrators. Kent's contract
manufacturing subsidiary, K*TEC Electronics, is among the
leading full-service contract manufacturers in the U.S. For
more information, visit www.kentelectronics.com.
About Memec
Headquartered in Thame, England, Memec had 1999 sales of approximately
$1.54 billion and employs 2,300 in 40 countries. Memec includes
Impact Technologies, Insight Electronics, and Unique Technologies
all based in San Diego. For more information, visit
www.memec.com.
About Nu Horizons Electronics Corp.
Nu Horizons is a national distributor of high-technology electronic
components which provide innovative, semiconductor solutions
through products and technologies that are faster, smaller
and lower powered. Nu Horizons was established in 1982 and
currently has 25 branch and subsidiary offices located in
the U.S. and Europe. For more information, visit the Nu Horizons'
home page at www.nuhorizons.com.
About Pioneer-Standard Electronics, Inc.
Pioneer-Standard Electronics, Inc. is one of the world's largest
distributors of electronic components and computer systems,
with annual revenues of $2.6 billion for the fiscal year ended
March 31, 2000. A Fortune 1000 company headquartered in Cleveland,
Ohio, Pioneer-Standard serves international customers in Europe
and Asia through its strategic partners: Taiwan-based World
Peace Industrial Co. Ltd.; U.K.-based Eurodis Electron PLC;
and Germany-based Magirus AG. Additional information about
Pioneer-Standard can be found at pioneerstandard.com.
About Reptron Electronics, Inc.
Reptron Electronics, Inc. is a leading electronics manufacturing
supply chain services company providing demand creation distribution
of electronic components, custom logistics and supply chain
management services, engineering services, electronics manufacturing
services and display integration services through its three
business units; Reptron Distribution, K-Byte Manufacturing
and Applied Instruments, respectively. For more information,
please access www.reptron.com, www.kbyte.net
or www.appliedinstruments.net.
About TTI, Inc.
TTI is the world's largest passive/connector distributor specialist
with 34 North American offices, 9 European offices and one
now opening in Asia. For more product or sample information,
data sheets or technical paper information on the KEMET KO-CAP,
visit the TTI web site at www.ttiinc.com.
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