New Age Electronics Expands Emerging Technology Strategy with Multiple New Vendor Lines

 

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Distributor's portfolio enhanced by best-in-class smartwatches, fitness trackers, home health monitoring, home automation and app-enabled devices

Greenville, SC (from 2014 New Age Electronics Dealer Summit) – October 2, 2014 – New Age Electronics, a leading distributor of consumer electronics and gaming products and services and a division of SYNNEX Corporation (NYSE: SNX), announced that it has expanded its Emerging Technology Strategy with the signing of multiple new vendor lines specializing in categories including smartwatches, fitness trackers, home health monitoring, home automation and app-enabled technology.

According to CEA's semi-annual industry forecast released in July, emerging technologies will augment 2014's total CE revenues to the tune of just under $5 billion and collectively result in a 242% year-over-year expansion, with an expected 108 percent growth in 2015. Earlier this year, New Age Electronics launched its Emerging Technology Strategy to support this wave of innovation, a multipronged approach supported by a dedicated team of seasoned product management and sales veterans that specifically focuses on emerging technology categories and advises retailers on the best products to bring to stores and online, while serving as a launch pad for cutting-edge vendors who represent key emerging technology categories.

New Age Electronics continues to expand its emerging technology portfolio by adding the following new vendor lines spanning key emerging categories:

Wearable Devices: ConnecteDevice Ltd., HealBe, MyKronoz, Now Computing, Omate, Wellograph

Home Automation: AwoXiControl, Lumen BulbSmarthome Ventures

Home Health Monitoring: ReFleX Wireless, Vitagoods

App-Enabled Devices: Hyper, Smead

"We are thrilled to expand our Emerging Technology Strategy by signing multiple new vendors who bring new possibilities to our retailers through compelling and cutting-edge offerings that help their customers realize the true potential of technology," said Fred Towns, President, New Age Electronics. "By building a selective, best-in-class portfolio in this space, New Age Electronics is able to supply our retailers with a robust offering, while providing our vendors with highly individualized attention as they take a deep-dive into Retail."

In addition its newly signed vendors, New Age Electronics signed distribution agreements with several additional emerging technology vendors earlier this year including INSTEON, iRiver, Meta Watch, MOTA, Pivothead and WowWee.

To learn more about New Age Electronics' portfolio of emerging technology products, call 310-952-5820 or email [email protected].

About New Age Electronics

New Age Electronics, a division of SYNNEX Corporation (NYSE: SNX), is a sales and supply chain solutions innovator that provides consumer technology (CT) manufacturers with a broad offering of logistics, distribution and remanufactured services. Extensive experience in the CT industry and a customer-centric approach has made New Age Electronics the provider of choice. New Age Electronics distinguishes itself with efficient operations and relentless focus on customer satisfaction. Founded in 1988, New Age Electronics is headquartered in Carson, California.  For more information about New Age Electronics, call (310) 549-0000, toll-free (888) 234-0300 or visit the company's website at www.synnex.com/nae.

About SYNNEX Corporation

SYNNEX Corporation (NYSE: SNX), a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing customer care solutions for its clients. The Company distributes a broad range of information technology systems and products, and also provides systems design and integration services. The Concentrix segment offers a portfolio of end-to-end outsourced services around process optimization, customer engagement strategy and back-office automation to clients in ten identified industry verticals. Founded in 1980, SYNNEX has over 50,000 employees worldwide. Additional information about SYNNEX may be found online at www.synnex.com.

Safe Harbor Statement

Statements in this release that are forward-looking, such as product availability, and emerging products category growth and contribution to CE revenues, involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2014 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, NEW AGE ELECTRONICS, the NEW AGE ELECTRONICS Logo and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX, the SYNNEX Logo, NEW AGE ELECTRONICS and the NEW AGE ELECTRONICS Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

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Media Contact:

Eliza Bostian

Account Supervisor, Hughes Agency

For SYNNEX Corporation

(864) 271-0718

[email protected]

New Age Electronics includes ReFleX Wireless as part of its Emerging Wireless Strategy
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