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Melville - June 23, 1999 - Arrow Electronics has signed an exclusive agreement with Qualified Parts Laboratory to provide a unique Diminished Manufacturing Sources (DMS) solution to military and aerospace customers. As part of this industry-first solution, Arrow/Zeus will help finance the purchase and build-out of original manufacturer discontinued parts. This type of solution has never been previously offered through the electronics distribution channel. "We are strengthening our commitment to the military and aerospace customer with an industry-leading approach to managing DMS issues," explained Sean Fernandez, president of Arrow/Zeus. John Stannard, president of Qualified Parts Laboratory (QP LABS), said, "Our agreement is customer-oriented in terms of assured source, quick availability and reduced cost to the customer; it is government supportive, in terms of addressing the DMS issues currently faced by many military and agency programs." This agreement gives Arrow/Zeus an offering to complete the entire design, pre-production, production and obsolescence product life cycle. "We are uniquely positioned to offer a complete, one-stop-shop solution," stated Craig Whitelock, Arrow/Zeus' vice president of product marketing. He added, "Our goal is to increase customer satisfaction through this never before realized business model." Qualified Parts Laboratory will offer fully qualified QML products under the Qualified Parts Laboratory trademark and Arrow/Zeus will be the company's exclusive distribution channel. Qualified Parts Laboratory provides high reliability semiconductor manufacturing services to the U.S. military, aerospace and integrated circuit manufacturing industries. Principal products include IC assembly, environmental and electrical test, device characterization and qualification. Additionally, QP LABS provides from-stock and build-to-order hermetic, IC products in custom package configurations; essentially a total parts solution. Additional information about QP LABS. Arrow/Zeus specializes in serving North America's military and aerospace customers by offering high-reliability semiconductor, passive and system products from its eight regional business centers. The company is headquartered in Purchase, New York. Arrow Electronics is the world's largest distributor of electronic components and computer products to industrial and commercial customers with 1998 sales of $8.3 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 200 sales facilities and 26 distribution centers in 35 countries.
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