Vicor Corporation Announces Global Distribution Agreement with Arrow Electronics

Rhea-AI Summary

Vicor Corporation (NASDAQ: VICR) has expanded its agreement with Arrow Electronics to a global distribution partnership, effective September 15, 2020. This collaboration aims to provide modular power solutions to a wider customer base. Vicor emphasizes the increasing demand for smaller, efficient power solutions amidst growing system power requirements. The partnership is expected to enhance Vicor's reach in various sectors, including computing, industrial equipment, and aerospace.

Positive

• Global distribution agreement with Arrow Electronics enhances market reach.
• Alignment with customer demand for smaller, efficient power solutions.
• Partnership expected to benefit multiple sectors, including aerospace and defense.

Negative

• None.

ANDOVER, Mass., Sept. 15, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) announced today the expansion of its Europe, Middle East and Africa relationship with Arrow Electronics, Inc. (NYSE: ARW) to a global distribution agreement.

“We are looking forward to working closely with Arrow to offer highly differentiated modular power solutions to their extensive customer base,” said Rich Begen, vice president of Vicor global distribution and channel strategy.

“This agreement comes at a time when many of our customers are asking for smaller and more efficient solutions for their power-delivery networks that are changing to meet ever-increasing system power demands,” said David West, senior vice president of global marketing and engineering at Arrow.

The global franchise agreement is effective on September 15, 2020.

About Vicor Corporation

Vicor Corporation (NASDAQ: VICR) (http://www.vicorpower.com) designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high-performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, aerospace and defense. www.vicorpower.com

Vicor is a registered trademark of Vicor Corporation.

About Arrow Electronics                                                                                                

Arrow Electronics guides innovation forward for over 175,000 leading technology manufacturers and service providers. With 2019 sales of $29 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

Media contacts:

Vicor
Colin Boroski
Rainier Communications
508-475-0025 x 142
cboroski@rainierco.com

Arrow Electronics
John Hourigan
303-824-4586
jhourigan@arrow.com

 

FAQ

What is the significance of Vicor's global distribution agreement with Arrow Electronics?

The agreement expands Vicor's market reach and enables offering modular power solutions to a larger customer base.

When did Vicor's agreement with Arrow Electronics become effective?

The global franchise agreement became effective on September 15, 2020.

How does the partnership with Arrow align with market trends?

The partnership addresses customer demand for smaller and more efficient power solutions in various industries.

What sectors could benefit from Vicor's collaboration with Arrow Electronics?

The sectors include enterprise computing, industrial equipment, telecommunications, aerospace, and defense.