Industry-first functionality enables engineers and electronics buyers to know their total cost at time of order

CHICAGO, JANUARY 5, 2012  Leading multi-channel electronics distributor Newark/element14, a business of Premier Farnell (LSE:PFL), announces the release of an industry-first, automated exact tax and freight display to provide its customers with this important information at the time of order. This feature, developed in response to customer feedback, eliminates the need for electronics buyers to reconcile estimated charges on their purchase orders with the actual costs displayed on their invoices.

“While exact tax and freight is a common feature that best-in-class consumer websites offer, it is still unique in the B2B electronics distribution sector,” commented Quintin Komaromy, Senior Vice President, Marketing for Newark/element14. “Our customers have told us that saving time and having access to accurate information is important to them, and we are committed to making it easier than ever to do business with us.”

Exact tax and freight is available for all in-stock products, whether customers order at www.newark.com or by phone at 1.800.463.9275.

This feature is just one of an ongoing series of enhancements that Newark is making as it transforms to become a trusted global source for engineering solutions under the element14 brand name. Recently, the distributor launched a customizable online electronics catalog and the innovative Knode on element14, the first intelligent search and knowledge tool that help engineers research, select and buy the right solutions from the earliest stages of their design process.