Avnet reported an operating income of $313 million, a 4.9% increase over the previous quarter and a 14.3% year over year upturn.

element14’s contribution of $455 million in sales is an 11.5% increase from the previous quarter, while operating margin held steady sequentially at 9%. Farnell’s approach to fluctuating market conditions, including working in conjunction with partner organisations to overcome global supply constraints, proved integral to this robust financial performance.

Chris Breslin, President Farnell Global, said: “There are many factors that can impact the manufacture and distribution of electronic components and we have done well to predict and prepare for these.

“Despite the impact of key product line shortages and foreign currency exchange headwinds, we have demonstrated resilience in the face of industrywide challenges. Our overall performance has proven that our approach has been the correct one for element14 and our valued customers.

“We will continue to strategically invest to expand our electronic components portfolio, which will in turn enable our customers to seize every opportunity offered by the exponential growth of an increasingly evolving market.”

Read Avnet’s Third Quarter Fiscal 2023 Financial Results in full, and find out more about how element14 supports its customers here.

Avnet, Inc. (Nasdaq: AVT) announced results for its fourth quarter ending 2 July 2022, reporting a robust quarter of year-over-year sales and operating margin growth. The results were strengthened by a record-setting fiscal year revenue from Farnell totalling $1.8 billion.

Farnell’s strong performance, with full year revenue increasing 20.2% year-over-year, was the result of notable increases in demand from the electronics, energy, security and transportation sectors.

Farnell reported fourth quarter revenues of $442 million and an operating income margin of 14.2%, which was an increase of 597 basis points year-over-year.

Farnell’s ongoing investment in stock had a positive impact with more than 18,000 new products added in the fourth quarter alone. Farnell’s expansive inventory remains a key factor in its success and is a key priority for the Avnet group. Farnell was central to Avnet’s solid operating margin of 4.5% in the quarter.

Rob Rospedzihowski, President Sales, EMEA, Farnell said: “We are pleased with this strong performance, particularly given that it was achieved amidst ongoing market uncertainties, supply chain challenges and increased lead times associated with high customer demand. We expect to build upon this momentum as we continue to make investments in our inventory, digital marketing and our e-commerce platform.”

Farnell’s commitment to enhancing customer experience on its e-commerce platform continues to yield substantive results. Nearly 56% of Farnell’s total sales and 72% of total orders transacted were placed through the company’s e-commerce platform this quarter.

Read Avnet’s Fourth Quarter Fiscal 2023 Financial Results in full and explore how Farnell’s support enables its customers success here.

Farnell, an Avnet Company and global distributor of electronic components, products and solutions has launched a new customer service campaign to promote the distributor’s 2022 strategic priorities.

The impact of the COVID-19 pandemic as well as other external factors has rapidly changed the electronics landscape and as the new year begins, Farnell President, Chris Breslin, restates the business’ commitment to meeting customer needs and delivering the very best in high service electronics distribution:

“The electronics industry and the Farnell business were not immune from the global challenges of the last 24 months as the COVID-19 pandemic placed huge pressures on our customers, our suppliers, and our employees” Chris Breslin, Farnell President, said.

“There was much for us to be proud of during this challenging time, from expediting medical orders supporting frontline healthcare professionals to the seamless transition to remote work for our employees. However, we also recognise the need for continued improvements in our customer service offering” Breslin continued.

“As our business environment changed rapidly, we re-evaluated each step of the support process to ensure that the customer experience was optimised. We have re-evaluated each step of the customer support process so that the customer experience will be optimised. Farnell has been more than a distributor for 83 years and counting, it has been a partner to its customers, working tirelessly to support them in overcoming their challenges.” Chris Breslin emphasised that, “This strong working partnership remains our goal as we embark on a new year, with new challenges and new opportunities.”

Customers are not solely looking for their distribution partner to meet their needs.  The distribution partner must have stable and dynamic support functions to address the challenging and evolving business markets. Chris Breslin explains that Farnell is focusing on three key 2022 strategic priorities that will enable it to best support customer needs today and tomorrow. The focal points will be Digital Transformation, Adaptability, and Improved Customer Support.

Digital Transformation

“The impact of the COVID-19 pandemic accelerated the trend towards digital commerce. The vast majority of Farnell customers begin their journey online and over 70% complete their transaction on a digital platform. Over the last year, Farnell has implemented hundreds of improvements including industry leading speed on its global websites. Farnell is well positioned as a digital-first business and is making the necessary investments to deliver one of the industry’s leading digital experiences.”

Adaptability

“Farnell has become an increasingly agile business with global teams across a variety of functions able to respond and react rapidly to a changing landscape and the subsequent changes to customer needs. In 2022, Farnell customers will realise the benefits of several strategic investment decisions that the business made in the period since 2019, such as a fully operational state-of-the-art distribution centre and increased product range to over 1 million, including 250,000 new parts by summer 2022.”

Improved customer support

“Farnell’s aim has always been to help customers solve problems, not just sell them parts. We’ve seen our customers change their ways of working; the requirements of Farnell as their distribution partner have changed accordingly. Our multichannel customer service support processes are constantly being reviewed and improved to ensure they meet customer needs whatever they may be in 2022 and beyond” Breslin concluded.

Find out how Farnell can support your journey here.

Farnell, an Avnet Company and global distributor of electronic components, products and solutions is delighted to announce that Gavin Hodgson-Silke, Global Vice President of Finance, has won the Yorkshire Finance Leader award for 2021. Gavin was nominated in the International Company category.

Chris Breslin, President, Farnell, said: “I’m proud that Gavin has been awarded the Yorkshire Finance Leader. In addition to having a bright financial mind, he exhibits the leadership skills required to drive a truly global business on a daily basis. His commercial understanding and collaborative approach have been critical in accelerating Farnell’s growth over the past two years.”

Gavin commented: “I’m delighted to receive this recognition amongst a very talented group of peers. I truly believe you can only be at your best when surrounded by a passionate, dedicated team and this is a win for everyone both within Farnell Finance and the entire business.”

The Yorkshire Finance Leaders Awards, held at The Royal Armouries in Leeds last month, welcomed over 200 finance leaders and professionals to celebrate the region’s finance community. Gavin was one of 11 award winners recognised on the night.

The president of Farnell, Chris Breslin, joins a Farnell customer and supplier partner for a discussion on how to serve the unique needs of the high service distribution market. This knowledgeable group discusses the tenets of good communication, the value of delivering easy-to-consume content and the many ways that digital is changing the market. Guests on this episode include Annette Tyler, Corporate Director of Distribution at Amphenol; Tracey Dawson, Managing Director at Daletech; and Chris Breslin, President at Farnell.

Hosting business leaders and suppliers, Avnet’s inaugural season of Distributing Wisdom podcast analyses technological change, trends, and innovation. The first season of Distributing Wisdom is available online at www.avnet.com/distributing-wisdom-podcast, or wherever podcasts are found.

About Avnet
As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com

“The companies that make up the membership of ECIA represent the entire electronic components sales channel and we look forward to joining with our peers and colleagues in helping to make it easier for our customers to do business with us,” commented Chris Breslin, President, Farnell global. “The industry can only get stronger when ECIA members work together to improve processes and develop innovative channel efficiencies.”

With over 80 years in high-service electronics components distribution, Farnell’s global business supports a broad customer base, from hobbyists to engineers, maintenance engineers and buyers; offering over 950,000 products online, from more than 2,000 leading manufacturers.

“Farnell is a welcome addition to our roster of distributors, which already includes their parent company Avnet,” continued David Loftus, ECIA President and CEO. “The membership of Farnell, which includes Newark in North America and element14 in APAC brings expertise that will be invaluable as we continue our journey toward electronic components supply chain optimization. As our members recover from this tumultuous year, ECIA’s business intelligence and best practices will be more valuable than ever,” he concluded.

Farnell, an Avnet Company and global distributor of electronic components, products and solutions, is donating over €22,000 to charity through its ‘Make a Better Tomorrow Together’ charitable initiative. This unique programme was supported by supplier partners Rohde & Schwarz, ROHM and Multicomp Pro. Visitors to the Farnell website were invited to nominate one of two chosen charitable organisations – the Covid-19 Solidarity Response Fund or Plan International Ireland. Each charity received a donation of €1 for every nomination, as well as larger donations when customers bought featured products. In total, the charities received over €11,000 each.

Chris Breslin, President of Farnell’s global business, says: “We understand how critical it is to help those most vulnerable in our society and we are proud to have led this initiative to ‘Make a Better Tomorrow Together’. Thank you to our customers, who participated so enthusiastically in aid of two fantastic and deserving charities. I would also like to thank our partners ROHM Semiconductor, Rohde & Schwarz and the Multicomp Pro manufacturers, who generously supported the initiative.”

Sabrina Grassi, Director General, Swiss Philanthropy Foundation, says: “We would like to warmly thank Farnell for donating to the “Covid-19 Solidarity Response Fund” for the World Health Organization, powered by the UN Foundation and Swiss Philanthropy Foundation. We are facing an unprecedented challenge with communities everywhere affected by the growing pandemic, and the world is coming together to combat COVID-19, bringing organisations and individuals together to help respond to this global outbreak. The outpouring of solidarity sparked by this shared challenge has been phenomenal. This donation has supported WHO’s response in leading and coordinating the global effort, while supporting countries to prevent, detect, and respond to the pandemic. On behalf of the “Covid-19 Solidarity Response Fund”, Swiss Philanthropy Foundation is grateful for this support.”

Paul O’Brien, CEO at Plan International Ireland, said: “Thank you to Farnell for choosing Plan International Ireland as one of the recipient charities for the ‘Make a Better Tomorrow Together’ campaign. The funds raised are going to make a big difference to our education programmes in developing countries, especially for girls. After many months of prolonged closure due to the COVID-19 pandemic, schools in developing countries are starting to reopen. Plan International Ireland are working hard in the communities that we support, helping to get schools ready to reopen safely; we have installed handwashing facilities at hundreds of schools and distributed thousands of facemasks and school supplies to students.”

Breslin continued: “Throughout the pandemic, we’ve worked to support those on the front-line, fighting this crisis. Together with supplier partners, we have ensured the delivery of essential supplies to customers manufacturing health care equipment such as ventilators and test equipment. We’ve also donated over €50,000 in 3D printing equipment to support the production of essential PPE across Europe and the rest of the world. We find ourselves in a new world, with a new normal, yet remain committed to our values, and delivering the service and support that our customers expect from us.”

For more information about Farnell’s ‘Make a Better Tomorrow Together’ initiative, visit https://uk.farnell.com/bettertomorrow.

**

The charities supported by this campaign were:

• COVID-19 Solidarity Response Fund for the World Health Organization (WHO), powered by the UN Foundation and Swiss Philanthropy Foundation - The COVID-19 Solidarity Response Fund provides direct support to WHO and partners to help countries prevent, detect, and respond to the COVID-19 pandemic. WHO partners include UNICEF (United Nations Children’s Fund), CEPI (Coalition for Epidemic Preparedness), UNHCR (United Nations High Commissioner for Refugees) and WFP (World Food Programme).

• Plan International Ireland – an independent development and humanitarian organisation that advances children’s rights and equality for girls. Farnell is specifically supporting the work of Plan International in educational programmes in West Africa.

Farnell, the Development Distributor, has launched a charitable initiative with support from supplier partners Rohde & Schwarz, ROHM and Multicomp Pro, seeking to ‘Make a Better Tomorrow Together’.

Visitors to the Farnell website until the middle of July can nominate one of two chosen charitable organisations who will then receive a donation from Farnell on their behalf. For every visitor to the Farnell site, Farnell will donate €1 to the chosen charity. Donations will be tracked by location and chosen charity, and results will be displayed on a real-time map.

Visitors will also be able to ‘boost’ the donation by purchasing products from the Rohde & Schwarz, ROHM and Multicomp Pro ranges. For every purchase made before the end of July, Farnell will donate an additional €1 for purchases of Multicomp Pro and ROHM products valued above €50, or €10 for purchases of Rohde & Schwarz valued €100 or more.

The charities supported by this campaign are:

• COVID-19 Solidarity Response Fund for the World Health Organization (WHO), powered by the UN Foundation and Swiss Philanthropy Foundation - The COVID-19 Solidarity Response Fund provides direct support to WHO and partners to help countries prevent, detect, and respond to the COVID-19 pandemic. WHO partners include UNICEF (United Nations Children’s Fund), CEPI (Coalition for Epidemic Preparedness), UNHCR (United Nations High Commissioner for Refugees) and WFP (World Food Programme).

• Plan International Ireland – an independent development and humanitarian organisation that advances children’s rights and equality for girls. Farnell is specifically supporting the work of Plan International in educational programmes in West Africa.

Chris Breslin, President of Farnell said: “As a global electronics business, we strive to make a positive impact wherever we can, from volunteering and fundraising to our recycling scheme which has saved over 100 tonnes of packaging going to landfill. As part of this initiative to ‘Make a Better Tomorrow Together’, we are working with supplier partners Rohde & Schwarz, ROHM and our private label brand Multicomp Pro to raise funds for two great charities. The donations to Plan International and the COVID-19 Solidarity Response Fund will help support those most in need around the world right now. I hope that our customers will get involved by visiting the Farnell website.”

Farnell is supported by supplier partners Rohde & Schwarz, ROHM and Multicomp Pro.

Toshimitsu Suzuki, President of ROHM Semiconductor Europe says: “ROHM is always committed to making the world a better place to live, and thus Farnell’s ‘Make a Better Tomorrow Together’ charity campaign is fully endorsed. We are proud of being listed as one of the main partners for this campaign and do hope our contribution and the resulting revenue will provide relief to unnamed neighbours and friends who are hardest hit by the consequences of Covid-19.”

Bob Bluhm, Vice President of Value Instruments at Rohde & Schwarz said: “In difficult times like these, the importance of reaching out a helping hand, becomes even more apparent. We appreciate this initiative from our partner Farnell and are honoured to be able to support their fundraising efforts”

Visit farnell.com/bettertomorrow and fill out the form to let Farnell donate on your behalf.

Farnell, a global multi-channel distributor of electronic components, and an Avnet company, has been named Gold High Service Distributor of the Year by TDK. The award reflects Farnell’s outstanding performance in key areas such as business development, inventory management and operations, delivered globally through Farnell’s European business.

TDK’s awards are based on the annual Senten Manten distributor performance evaluation programme, where Farnell was awarded the top score of 740 points out of 1000, across the categories.

Chris Breslin, President at Farnell, said: “We greatly appreciate this recognition from TDK. The award is testament to the hard work and dedication of Farnell staff across the globe to ensure we deliver the highest quality service for both our supplier partners and our customers. We look forward to continued success for both our companies.”

Dietmar Jaeger, General Manager of Global Sales Distribution at TDK added: “I am particularly pleased to see Farnell performing best in Europe under these severe conditions. I want to congratulate the whole team from Farnell for their excellent performance, promoting our products to the engineering world during the last year.”

The award was presented to Susi Ertl, Director of Sales and Commercial Centre, DACH, at Farnell.

Farnell has held a strong relationship with TDK for over 15 years focusing on delivering value for Farnell’s global customers and TDK.

Farnell, the Development Distributor, was named High Service Distributor of the year for 2019 by Panasonic at the Panasonic Distribution Conference in Munich, on 21 November 2019. The award, for Farnell’s business in EMEA, recognises Farnell’s continued investment in the Panasonic range and business performance in the year.

Farnell doubled its level of inventory of Panasonic products in the last 18 months, including key New Product Introductions such as Panasonic’s range of Anti-vibration capacitors. This increased inventory, coupled with Farnell’s service proposition in Europe, including local sales teams, next day delivery and 24/5 technical support enabled Farnell to deliver for more Panasonic customers than any other distributor during the period.

The extension of Farnell’s Panasonic range follows significant investment in the business since acquisition by Avnet in 2016. Farnell now has the widest range of Panasonic parts of any High Service Distributor. Farnell has also invested $60m in a new distribution centre in Leeds, United Kingdom, which will be fully operational from early 2020. The new distribution centre will enable full Date & Lot code for Panasonic products and double Farnell’s capacity to ship products to customers on a daily basis.

Chris Breslin, President of Farnell, Global said “Farnell and Panasonic have built a strong relationship over many years, based on delivering value for Farnell customers and Panasonic. Our significant investment in inventory depth and breadth mean we can support Panasonic customers throughout the full product cycle, with no minimum order quantity, and a range of packaging options. We are delighted to have received this important award from Panasonic, recognising the strength of our relationship, multichannel route to market, product range and service proposition for customers.”

Maximilian Jacob, Department Head, Distribution division at Panasonic said of the Award: “We are very grateful to have a long term continued partnership with Farnell. We see them as a true innovator and contribute with continued investment to become our biggest high service partner in Panasonic components. We look forward to continue working with Farnell in the future to continue with the success and growth within this fast-paced and inspiring industry.”

Panasonic products are available with next day delivery in Europe from Farnell.

Farnell, the Development Distributor, has strengthened its product organisation with appointments into two key roles on its Leadership Team. Lee Turner has been appointed as Global Head of Semiconductors & Single Board Computers and Simon Meadmore appointed as Global Head of IP&E (Inter-connect, Passives and Electro-mechanical). Both Lee and Simon will report to Chris Breslin, President of Farnell’s global businesses. Farnell operates as Newark in North America and element14 in APAC.

Lee joined Farnell in 2016 as Global Head of Operations – Sales, Marketing & Technical. As Global Head of Semiconductors & SBC, Lee is responsible for ensuring that customers and manufacturers continue to view Farnell as their global distributor of choice and the provider of cutting edge Semiconductor and SBC technologies. Lee has 25 years’ experience in the electronics industry and has held prior leadership roles in supplier development, product marketing and sales.

Simon has been with Farnell for 15 years and moves to the role of Global Head of IP&E having previously led  Farnell’s Semiconductor & SBC product segment. In his new role, Simon is responsible for leading the global product and supplier strategy for this important category. Simon has extensive experience in supplier facing roles at Farnell and previously at Pace Micro Technology. He is a member of the Chartered Institute of Purchasing and Supply (CIPS).

Premier Farnell, the Development Distributor, has expanded its product offering in the embedded systems field with the addition of the Renesas Electronics range to its product portfolio. Engineers can now access Premier Farnell’s widest range of analogue and embedded products, all in stock and available for same day dispatch, and delivery next day in many parts of Europe.

Renesas is a leading provider of embedded solutions with advanced microcontroller (MCU), analogue, mixed-signal, power, and system-on chip (SoC) solutions for markets such as automotive, industrial, cloud computing and IoT – from smart factory to smart infrastructure. Premier Farnell will stock over 1,500 products from Renesas.

Core Renesas products now stocked by Premier Farnell include:

• Renesas Synergy™ MCUs - Synergy MCUs integrate multiple series of software and pin-compatible ARM^®-based 32-bit MCUs that share a common set of Renesas peripherals to deliver the design scalability, power consumption, code-reusability, and performance needs for the embedded market.

• ISL9241 USB-C™ Combo Buck-Boost Battery Charger - The ISL9241 enables engineers to optimise mobile computing system performance and is ideal for products with USB-C power delivery functionality. It supports both narrow voltage direct charging (NVDC) and hybrid power buck-boost (HPBB) charging, and switches between the modes using firmware control.

• RAA210xxxx Digital Power Modules - The simple digital power modules eliminate power-supply design complexity. The RAA210825 for instance, is a pin-strap configurable 25 A step-down PMBus-compliant DC/DC power supply module that integrates a digital PWM controller, synchronous MOSFETs, power inductor, and passive components.

Premier Farnell will also offer a wide range of complementary support devices including precision analogue, power management and mixed-signal interface products from Renesas; and continue to supply industry leading RF, high performance timing, memory interface, real-time interconnect, optical interconnect, wireless power, and sensor solutions from IDT, a wholly owned subsidiary of Renesas Electronics. This winning combination of brands provides a unique and comprehensive range to customers developing their next generation Industrial IoT, Infrastructure and Automotive applications.

“The addition of Renesas to our product portfolio means that customers can now access a wider than ever range of analogue and embedded products, all with a high level of service and support that they have come to rely upon. We aim to support our customers at every stage of their journey from the initial design concept through to large-scale production,” says Chris Breslin, President of Farnell global businesses. “By increasing the breadth of our product portfolio with products from Renesas, we believe that customers no longer need to go anywhere else for their embedded solutions.

Premier Farnell is part of Avnet, a global technology solutions company, and customers also benefit from the Avnet eco-system of support meaning that they no longer need to identify, review and take on board a new partner at every phase of their product production. Instead, they can have one partner throughout their product development cycle, saving them time and money.

The new Renesas range is now available from Farnell in Europe, Newark in North America and element14 in APAC.

Farnell, the Development Distributor, has appointed Weidi Zhu to the role of Business President of element14, its distribution business in APAC. Weidi’s promotion follows the appointment of Uma Pingali to the role of Business President of Newark, Farnell’s Americas based business. Weidi will report to Chris Breslin, President of Farnell’s global businesses.

Weidi has been with Farnell for ten years, and most recently held the role of Regional Director of Sales for Greater China, responsible for promoting business growth in Greater China region. He has a deep business understanding in Greater China and North Asia market and over 20 years’ experience in the technology industry both in Greater China and across Asia Pacific.

Chris Breslin, President of Farnell’s global businesses said: “I am delighted to promote Weidi to the position of Business President of our APAC business. During the last ten years, Weidi has demonstrated his ability to lead businesses; having joined as General Manager for Southern Greater China he was quickly promoted to manage all of the China region, then Regional Sales Director for Greater China. I am confident that his focus, leadership and drive to deliver results will help him as he now expands is focus to our Asia Pacific region, and the continued growth of our element14 business.”

Premier Farnell, the Development Distributor, has received the Gold Award for Best Global Performance FY 2019 from TDK. The award recognises excellence in key areas such as business performance, inventory management and operations, delivered globally through Premier Farnell’s business: Farnell in EMEA, Newark in North America and element14 in Asia Pacific.

Premier Farnell has held a franchise with TDK for over 15 years and has built a strong relationship during this period, focused on delivering value for Premier Farnell customers and TDK.

Chris Breslin, President of Premier Farnell said: “This award is testament to the strong relationship we have built with TDK as one of our key supplier partners. It is important to us to support our supplier partners, and help them deliver against their strategy, whilst providing our customers with access to market leading components to support their design and production journeys. I am delighted that our continued focus on delivering a multichannel route to market and close working relationship with TDK has been recognized with this award.”

Dietmar Jaeger, General Manager of Global Sales Distribution at TDK added: “I am happy to be able to present the award to Premier Farnell this year, seeing the positive impact of the Avnet-Farnell relationship. Premier Farnell has been our strong partner in Europe for so many years, and now this is paying off globally.”

The award was presented to Premier Farnell at EDS in Las Vegas during May.

TDK products are available from Farnell in EMEA, Newark in North America and element14 in Asia Pacific.

Third Quarter Key Financial Highlights

• Delivered sales of $4.70 billion, in line with guidance
  • In constant currency, sales rose 1.2% compared to the year ago period
• GAAP diluted EPS from continuing operations totaled $0.87
  • Adjusted diluted EPS was $1.09, up 4.8% sequentially and 6.9% from a year ago
• GAAP operating income margin of 3.3%, was up 136 basis points sequentially
  • Adjusted operating income margin was 3.8%, up from 3.6% a year ago
• Cash flow from operations totaled $269 million
• Premier Farnell (Farnell) adjusted operating margin rose to 12.4% from 10.8% in the prior year
• IoT pipeline now exceeds $600 million, and has expanded to new markets including industrial equipment and manufacturing
• Returned $139 million to shareholders with $117 million of share repurchases and dividends totaling $22 million

CEO Commentary

“I am pleased with the strong execution we demonstrated this quarter,” said Avnet CEO Bill Amelio. “We saw continued strength in our Americas and EMEA regions and solid performance in the higher margin interconnect and passives segment. Overall, we improved operating income and earnings per share and expanded our operating margins compared to a year ago. These results demonstrate the progress of our transformation and the value our unique ecosystem is delivering to our customers. With continued increases in our solutions pipeline and strong execution momentum, we are well positioned to achieve our long-term growth targets and deliver sustained shareholder returns.”

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CFO Commentary

“We executed well this quarter reducing costs, expanding operating margin and growing EPS, all while facing macro-economic headwinds in Asia as well as the Brexit uncertainties which impacted Farnell growth,” stated Tom Liguori, Avnet Chief Financial Officer. “Farnell still delivered a strong improvement in operating margin, which rose to 12.4% from 10.8% a year ago, supporting the transformational potential of this business longer term. We generated significant operating cash flow this quarter and returned $139 million to shareholders through stock buybacks and dividend.”

Additional Third Quarter Fiscal 2019 Highlights and Key Developments

• Aligned with BitPay, the largest global blockchain payment provider, to accept cryptocurrency for products and services further breaking down the barriers facing customers who are striving to bring their ideas to market.
• Announced Avnet Direct Connect, a new service that delivers powerful financial efficiencies where Avnet handles all the hardware integration, configuration, QA testing and system delivery allowing customers to focus on their software-based innovation.
• Teamed up with Octonion and Orange to launch a customized, modular ‘plug and play’ Avnet SmartEdge Agile IoT device using Octonion’s Brainium meta-sensing (AI) software designed for the LTE-M network.
• Released a new development board based upon Xilinx technology, which offers engineers and makers a price-competitive development platform for rapidly prototyping breakthrough ideas in AI, IoT and robotics for smart home, automotive and industrial control applications.
• Completed the sale of real estate in Europe, which generated $41 million of cash flow and a gain on sale of $15 million.

Awards and Notable Recognition Received During the Quarter

• Named among the “World’s Most Admired Companies” for 2019, marking the 14^th time that the company has been recognized by FORTUNE for its strongly positive reputation
• Named one of the World’s Most Ethical Companies in 2019 by the Ethisphere^® Institute, a global leader in defining and advancing the standards of ethical business practices
• Won Preferred Partner Award from Kitron (EBV Elektronik, which operates in Europe, Israel and South Africa)
• Awarded Global Supplier of the Year and Supplier of the Year in EMEA (Avnet Silica) by ON Semiconductor
• Garnered the UK and Ireland Distributor of the Year award (Avnet Silica) from STMicroelectronics
• Won the 2018 TDK Senten Manten award (Farnell Europe); which translates as “Perfect Result”
• Received 2018 Business Award (Avnet Taiwan) from Askey Computer Corporation
• Won Fulfillment Excellence 2018 Supplier Award (Avnet China) from ABB

Outlook for the Fourth Quarter of Fiscal 2019 Ending on June 29, 2019

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Avnet’s fourth quarter fiscal 2019 guidance reflects sales similar to the third quarter with a change in mix that includes a slight sequential uptick in Asia sales offset by macro headwinds in the Western regions. This change in sales mix is expected to result in a sequential decline to gross profit with a corresponding reduction in EPS. At the midpoint of guidance, this would represent a 6.6% decline in sales YoY and 5.1% adjusted diluted EPS growth YoY.

The above guidance is also based upon market conditions existing at the end of the third quarter of fiscal 2019 and excludes any acquisitions, results of discontinued operations, amortization of intangibles, accelerated depreciation, any potential restructuring, integration, and other expenses and certain income tax adjustments including certain impacts of the recent tax law changes in the U.S. The above guidance assumes 107 million average diluted shares outstanding and average U.S. Dollar to Euro and GBP currency exchange rates are as shown below:

Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management’s current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as “will,” “anticipate,” “intend,” “estimate,” “forecast,” “expect,” “feel,” “believe,” “should,” and other words and terms of similar meaning in connection with any discussions of future operating or financial performance, business prospects or market conditions. Actual results may differ materially from the expectations contained in the forward-looking statements.

The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: Avnet’s ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition activities and the successful integration of acquired companies, implementing and maintaining IT systems, supplier losses and changes to supplier programs, an industry down-cycle in semiconductors, declines in sales, changes in business conditions and the economy in general, changes in market demand and pricing pressures, any material changes in the allocation of product or price discounts by suppliers, and other competitive and/or regulatory factors affecting the businesses of Avnet generally.

More detailed information about these and other factors is set forth in Avnet’s filings with the Securities and Exchange Commission, including Avnet’s reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company also discloses certain non-GAAP financial information including (i) adjusted operating income, (ii) adjusted operating expenses, (iii) adjusted other income (expense), (iv) adjusted income tax expense, (v) adjusted income from continuing operations, (vi) adjusted diluted earnings per share, and (vii) sales adjusted for the impact of acquisitions and other items (as defined in the Organic Sales section of this document).

There are also references to the impact of foreign currency in the discussion of the Company’s results of operations. When the U.S. Dollar strengthens and the stronger exchange rates of the current year are used to translate the results of operations of Avnet’s subsidiaries denominated in foreign currencies, the resulting impact is a decrease in U.S. Dollars of reported results. Conversely, when the U.S. Dollar weakens and the weaker exchange rates of the current year are used to translate the results of operations of Avnet’s subsidiaries denominated in foreign currencies, the resulting impact is an increase in U.S. Dollars of reported results. In the discussion of the Company’s results of operations, results excluding this impact are referred to as “constant currency.” Management believes organic sales and sales in constant currency are useful measures for evaluating current period performance as compared with prior periods and for understanding underlying trends. In order to determine the translation impact of changes in foreign currency exchange rates on sales, income or expense items for subsidiaries reporting in currencies other than the U.S. Dollar, the Company adjusts the average exchange rates used in current periods to be consistent with the average exchange rates in effect during the comparative period.

Management believes that operating income and operating expenses adjusted for restructuring, integration and other expenses, goodwill impairment expense and amortization of acquired intangible assets and other, are useful measures to help investors better assess and understand the Company’s operating performance. This is especially the case when comparing results with previous periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of Avnet’s normal operating results or non-cash in nature. Management analyzes operating income and operating expenses without the impact of these items as well as other income (expense) excluding certain amounts as an indicator of ongoing margin performance and underlying trends in the business. Management also uses these non-GAAP measures to establish operational goals and, in many cases, for measuring performance for compensation purposes. Management measures operating income for our reportable segments excluding restructuring, integration and other expenses, goodwill impairment expense and amortization of acquired intangible assets and other.

Additional non-GAAP metrics management uses is adjusted operating income margin, which is defined as adjusted operating income (as defined above) divided by sales.

Management also believes income tax expense, income from continuing operations and diluted earnings per share from continuing operations adjusted for the impact of the items described above and certain items impacting other expense and income tax expense are useful to investors because they provide a measure of the Company’s net profitability on a more comparable basis to historical periods and provide a more meaningful basis for forecasting future performance. Adjustments to income tax expense and the effective income tax rate include the effect of changes in tax laws including recent tax law changes in the U.S., changes in valuation allowances and unrecognized tax benefits, income tax audit settlements and adjustments to the adjusted interim effective tax rate based upon the expected annual adjusted effective tax rate. Additionally, because of management’s focus on generating shareholder value, of which net profitability is a primary driver, management believes income from continuing operations and diluted earnings per share from continuing operations excluding the impact of these items provides an important measure of the Company’s net profitability for the investing public.

Any analysis of results and outlook on a non-GAAP basis should be used as a complement to, and in conjunction with, results presented in accordance with GAAP. All amounts below relate to Avnet’s continuing operations.

____________________________^* May not foot/crossfoot due to rounding

Premier Farnell, the Development Distributor, delivered growth in the second quarter of fiscal year FY19 (three months ended 31 December 2018) with global revenue of $368.3m, up +2.8% year over year (+5.2% year over year on a constant currency basis). The growth rate was affected by softness in single board computing sales. Operating income continued to grow strongly, up 19% year over year.

Performance in Asia Pacific was strong, whilst Europe and North America delivered good levels of sales growth. Continued investment in inventory helped support customers through allocation and shortages in the market. Growth continued to be supported by impressive sales growth in Passives and a continued good performance in Test and Tools.

In preparation for the United Kingdom leaving the European Union on 29 March 2019, Premier Farnell has been investing in stock and warehouse infrastructure outside of the United Kingdom, to ensure that it is ready to respond to potential outcomes, and can support customers as they work to bring their products to market through changing times.

Chris Breslin, President of Premier Farnell said: “We help our customers bring their products to market by providing a strong portfolio of supplier products and innovative technologies. During the quarter we have continued to invest in stock and added further new suppliers to our linecard including Tronics, Pulse, Kiktronik, and Taoglas.”

During the quarter, Premier Farnell’s new 360,000 sq foot distribution warehouse in Leeds, United Kingdom, reached a key milestone with external build complete. Due to be operational in early 2020, the new warehouse will become the largest distribution centre in the Premier Farnell group and a hub for future growth.

Breslin added: “As we take our place within the Avnet ecosystem, this increased distribution capacity coupled with the latest technology means our customers can continue to rely on us to deliver products when they need them.”

Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in Asia Pacific.

Farnell element14, the Development Distributor, has been named High Service Distributor of the Year for EMEA by Bel Europe. The award was presented to Farnell element14 at electronica 2018 based on sales growth achieved by the business underpinned by a strong and growing partnership and investment in inventory.

Chris Breslin, President of Premier Farnell and Farnell element14 said: “This award is testament to the progress our business has made over the last eighteen months; driven by significant investment in inventory and logistics and our ongoing focus on delivering a multichannel route to market for our supplier partners. We have worked closely with our partners at Bel, to develop our partnership further and maximize the opportunities created by broader and deeper stocking in our Belgium and UK-based warehouses.”

Paul Ochmann, Director of Sales for Bel Europe, added: “Bel is thrilled with Farnell element14’s growth over this past year, in EMEA. Through a mutual collaboration on new product introductions, marketing and sales growth, Bel has been able to enhance our products/brands, available inventory and brought our teams closer together.”

Bel products are available for same day shipping from Farnell element14.

Pictured left to right: Peter Walmsley, Director – EMEA Distribution, Cinch Connectivity Solutions; Pete Bittner, President Bel Connectivity Solutions; Dan Bernstein, President and CEO, Chris Breslin, President, Premier Farnell and Farnell element14; Jade Gallagher, Supplier Account Manager, IP&E, Farnell element14; Andy Jones, European Distribution Manager-Bel, Jeff Uden, Global Director IP&E, Farnell element14

Premier Farnell, the Development Distributor, has further expanded the depth and breadth of its linecard by adding a number of new manufacturers to its range. These global agreements with market-leading brands provide customers with access to several new product lines in key market sectors, covering the Interconnect, Passives & Electromechanical (IP&E) and Semiconductor product categories.

“These new franchises show our continued commitment to providing our customers with access to a broad choice of market leading, innovative products, helping them create technologies that can change their businesses and the world”, says Chris Breslin, President, Premier Farnell. He continues, “Enhanced choice and the addition of new stock means that customers can be confident when they come to Premier Farnell for the products they need, when they need them.”

Premier Farnell’s extended linecard provides customers with more products to support applications in markets such as Automotive, Industrial, Mobile, Smart Grid, Metering, Industrial Automation, Building Automation, Energy Management, Network Infrastructure, Office Automation and more. The new global franchises, with products now in stock at Farnell element14 in Europe, Newark element14 in North America and element14 in APAC, include:

• Osram Opto Semiconductors, a key player in the opto-electronics semiconductor market, with more than 40 years’ experience developing cutting-edge products in the fields of illumination, visualisation and sensor technology. Premier Farnell’s global franchise brings high-performance light-emitting diodes (LEDs), infrared emitters, lasers and sensors to its range.

• Nidec Copal,  is the market-leading manufacturer of optical, electronic and mechanical equipment including switches, fans and potentiometers bringing products suitable for the medical, automotive, industrial, and white goods sectors. Premier Farnell is stocking Nidel Copals range of Switches, Passives and Fans.

• Taoglas, a leading supplier of antennas and filters, provide a comprehensive range of external, embedded and base station antenna solutions for M2M applications. Premier Farnell businesses now stock Taoglas products for industry applications including Automotive, Smart Grid, Metering, Telemetry, Home Automation and Medical.

As the Development Distributor, Premier Farnell continues to expand its already robust linecard for customers to ensure their access to the world’s leading manufacturers. By developing new relationships, and by also building upon the strength of parent company Avnet’s established partnerships, Premier Farnell is ideally positioned to provide the broadest selection of solutions and related support in the industry for any developer small or large.

Farnell element14 will be presenting its range of intelligent technology for intelligent solutions at electronica 2018, at Hall C5, Booth 101.

Premier Farnell, the Development Distributor, delivered a strong trading performance in the fiscal year FY19 first quarter ended 30 September 2018 with global revenue of $379m, up +7.2% year over year (+8.2% year over year on a constant currency basis).

Premier Farnell made significant investment across all categories in the prior fiscal year which both broadened and deepened Premier Farnell’s stocking position, and enabled it to support customers through high demand due to an evolving market. During the first quarter this investment underpinned strong growth in core interconnect, electro-mechanical and semiconductor categories alongside excellent growth in passives and single board computing.

In the Test and Tool category, where Premier Farnell has the strongest portfolio in the high service distribution market, the business also delivered an impressive level of growth, with strength particularly within tools and production supplies supported by recent new supplier additions such as Klein Tools.

Chris Breslin, President of Premier Farnell said: “We continue to focus on delivering a strong portfolio of supplier products and new innovative technologies to our customers, coupled with multi-channel support to meet our customers’ needs so they can focus on what is important to them.”

“Last quarter we have added new suppliers to our linecard and extended existing franchises to provide broader access to the latest new product introductions, supporting our customers as demand in the market outweighs supply so that they can keep production lines operating. In education, we continue to work closely with The Micro:bit Foundation to provide children across the globe with access to tools that will prepare them for the digital economy. Also during the quarter, a further educational programme using Micro:bit was launched in Denmark, bringing the number of Micro:bit used in education programmes to an impressive two million.”

Premier Farnell signed global agreements with 5 new suppliers during the first quarter, including: Adesto, IDEC, Purrmetrix and MakerGear.

Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in Asia Pacific.

Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management’s current expectations and are subject to uncertainty, changes in facts and circumstances and other risks which could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these and other factors is set forth in filings by Avnet, Inc. with the Securities and Exchange Commission, including Avnet’s reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, there is no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Premier Farnell, delivered an exceptional FY18¹ trading performance with global revenue of $1.5bn, up +11.1% year over year (+6.5% year over year on a constant currency basis). The company delivered consecutive year on year growth each quarter at a global and regional level (EMEA, North America & Asia-Pacific) and exited the year with Q4 sales growth of 13% year over year.

Alongside this strong sales performance, gross margin remained stable across FY18 and the ongoing realisation of acquisition synergies benefitted operating expenses, delivering a significant increase in operating income year over year since the date of acquisition by Avnet.

Premier Farnell’s strong financial performance was supported by ongoing investment in the business to support customers. Premier Farnell invested $100m in additional inventory during the year and added 22 new suppliers, adding depth and breadth of product offering and providing customers with even greater access to the latest new product introductions and established product offerings.

Most recent suppliers added to Premier Farnell’s supplier network include IDEC and Klein Tools, building on the addition of Xilinx, Nordic Semiconductor and Arduino earlier in the year. Inventory investment crossed the entire range of product categories from Semiconductors, Interconnect, Passives, Electro-mechanical and Single Board Computing; to Test and Tools where Premier Farnell leads the market for high service distribution.

Chris Breslin, President of Premier Farnell said: “This is a significant result. We have built real momentum, delivering growth every quarter, in every region, and 13% year over year growth globally during the fourth quarter. As the Development Distributor, it is our aim to be there when it matters, helping customers develop their products and businesses, and supporting the development of the next generation of engineers. The significant investment we have made in the business during this year – both in inventory and the development of new relationships with supplier partners, has supported this result. The ongoing take-up of the BBC Micro:bit as an education tool has also continued and we have supported new programmes in Canada and Croatia. As we look forward, we are extremely positive about the opportunities for the business.”

During the year Premier Farnell also announced a major investment in new warehousing capabilities in Leeds, United Kingdom, which will be the largest ever warehouse development in the Leeds City region. The distribution centre is scheduled to be fully operational by late 2019/early 2020, when it will supply Premier Farnell’s network of eight other warehouses across the globe including Gaffney in North America. This state-of-the-art new facility will enable the business to develop core value-adding services for customers right from its warehouse operations.

Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in Asia Pacific.

Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management’s current expectations and are subject to uncertainty, changes in facts and circumstances and other risks which could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these and other factors is set forth in filings by Avnet, Inc. with the Securities and Exchange Commission, including Avnet’s reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, there is no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Notes to editors

¹ fiscal year ending July 1, 2018

Premier Farnell, the Development Distributor, has appointed Rob Rospedzihowski (pictured right) as Vice President for Sales, EMEA, reporting to Chris Breslin, President, Premier Farnell. Rospedzihowski is responsible for Farnell element14’s sales across EMEA and takes on the role with immediate effect.

Rospedzihowski has held the position of Regional Sales Director since 2015 to where he has led the company’s sales, marketing and ecommerce operations in Eastern Europe, Nordics and key International Market territories in Russia, Turkey and Israel.

Rospedzihowski has more than 30 years’ experience in sales and distribution and an impressive track record in leading sales strategies in the Americas, China and Europe. He re-joined Premier Farnell in 2015 from Thomas Cook where he was head of Merchandising, and previously held numerous senior management and leadership roles in the electronics industry with organisations including Premier Farnell, Arrow electronics, Future electronics and originally ITT/STC Electronic Services.

Chris Breslin, President, Premier Farnell said: “The strength of our senior team in Europe is evidenced by the performance that the business has delivered during the last 12 months. Rob has been instrumental in delivering that growth, delivering strong double-digit sales growth in Eastern Europe in the last year. He brings experience and a strong knowledge of the business to this new role, which I am confident will help Farnell element14 grow further in the year ahead. I am delighted to be able to promote Rob to this new role and welcome him to our Senior Leadership Team.”

Rospedzihowski is also Chairman of the Polish Worldwide Scouting Organisation with over 8,000 members in countries including Australia, Argentina, USA, Canada, UK, Ireland, France, Belgium and Nordics. His is married with four children.

Premier Farnell operates as Farnell element14 in EMEA, Newark element14 in North America and element14 in Asia Pacific.

Premier Farnell, the Development Distributor, announce a change in leadership as Graham McBeth retires from his position as President of Premier Farnell. Parent company, Avnet, introduced Chris Breslin, currently senior vice president for global products at Premier Farnell as McBeth’s replacement at its Investor Day event in New York City held on Thursday 14^th June. Breslin will report to Pete Bartolotta, chief transformation officer at Avnet, as he leads the Premier Farnell business and continues to drive synergies with the Avnet organisation.

McBeth took the helm at Premier Farnell when the business was acquired by Avnet in 2016 and has delivered double-digit growth and profitability under his leadership.

Pete Bartolotta, Chief Transformation Officer for Avnet, said of Graham McBeth’s retirement: “Graham’s ability to lead an organization and get the very best out of his team shows, as the business results speak for themselves. Graham—thank you for the contributions you have made during your time at Avnet.”

Bartolotta added, on Chris Breslin’s appointment “As Avnet and Premier Farnell continue to deliver on Avnet’s end-to-end ecosystem strategy, the strength of our senior leadership team remains one of our greatest assets, as evident by Chris’ appointment to lead Premier Farnell. He brings the experience, knowledge of the business and leadership style that will help Premier Farnell continue to grow.”

Breslin joined Premier Farnell in July of 2014 as chief product officer, and during his tenure, globalized Premier Farnell’s asset and product organization and greatly improved the company’s customer proposition by adding several dozen new suppliers.

Prior to Premier Farnell, Breslin spent five years as the chief operating officer for Crescent Electric Supply Company, one of the largest electrical wholesalers in North America. He was responsible for the company’s $1B P&L, and grew their operating profit significantly in a span of three years. Breslin has more than 14 years in the industry in various management positions.

Breslin will assume the new position immediately and McBeth will stay with Premier Farnell until the end of July, allowing time for a thorough handover between the leaders.

Avnet remain committed to protecting the Premier Farnell brand and sales model which continues to deliver value for shareholders and customers. Premier Farnell operates as Farnell element14 in EMEA, Newark element14 in North America and element14 in Asia Pacific.

The Carlo Gavazzi Outstanding Distributor Achievement Award recognized Newark element14 for its dedication and promotional efforts for this electronics manufacturer of automation components, and for significantly increasing sales over the last year.

“We are delighted to have received this year’s Outstanding Distributor Achievement Award from Carlo Gavazzi at EDS,” said Jose Gonzalez, Supplier Account Manager at Newark element14. “Through our strong partnership, Newark element14 has been able to drive significant online and offline sales, nearly double our product offering, and attract new customers to this brand. This award demonstrates our commitment to deliver the best service and a wide selection of solutions to our growing customer base.”

The Alpha Wire Alpha Excellence Award recognized Newark element14 for its commitment to the supplier’s wire, cable, and tubing products. Newark element14 has significantly increased Alpha Wire's inventory in North America with one of the largest product offerings in the industry.

“We are honored to be awarded the Distribution Excellence Award from Alpha Wire at this EDS,” said Jeff Uden Global Category Director, IP&E for Newark element14. “We have always valued Alpha’s partnership and continually look for ways to mutually grow our business. In the last year, Newark element14 has built a strong inventory position with Alpha Wire product, including cable, wire, assemblies and accessories. We are excited to see Alpha Wire’s growth in new products and are committed to showcase legacy products to our customers.”

“We are thrilled to award our 2017 Distribution Excellence award,” said Patricia Carvallo, Director of Global Channel Management with Alpha Wire. “This award is given to our distribution partners who show commitment to sales growth, inventory expansion, new product support, marketing support, innovation, and customer service. Newark element14’s 2017 performance year over year showed commitment to sales and marketing innovation and growth.”

Carlo Gavazzi and Alpha Wire products are available from Newark element14.

Premier Farnell, the Development Distributor, has announced a substantial investment in product inventory as well as the addition of a number of new suppliers to its product offering. The result is a major expansion in both the breadth and depth of the distributor’s line card over the past year, giving customers even more confidence to come to Premier Farnell for the products they need, when they need them.

Over the past 12 months, the company has invested almost $100M in additional inventory, from $350M in stock a year ago to $444M today, increasing availability of in-demand products and the latest new product introductions. This represents an additional 77,000 new SKUs (product identification codes) added during the year.

To complement this investment in stock, a number of new franchises have been added to the Premier Farnell product offering. These include key new suppliers such as Xilinx, Nordic Semiconductor and Arduino, which add greater choice for customers. Additions cross the entire range of product categories distributed by Premier Farnell, from Semiconductors, Interconnect, Passive and Electro-mechanical, Single Board Computing; to Test and Tools where Premier Farnell leads the market for high service distribution.

Chris Breslin, SVP Product for Premier Farnell said: “The significant investment made in inventory and supplier relationships means that customers can count, more than ever, on Premier Farnell to provide the products they need, when they need them. As the Development Distributor, it is our aim to be there when it matters, and we are delighted to be able to do so, every day, for our many customers across the globe.”

Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in Asia Pacific.

Notes to Editors

Full details of suppliers added to the Premier Farnell linecard are:

Semiconductors

• Xilinx: the inventor of the FPGA, programmable SoCs, and now, the ACAP (Adaptive Compute Acceleration Platform)
• Nordic Semiconductor: a supplier of a world-class range of wireless devices incorporating ultra-low power (ULP) wireless chips that can run for a long time from small power sources
• IDT: Integrated Device Technology develops system-level mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments
• Allegro MicroSystems LLC: a leader in developing, manufacturing and marketing high-performance innovative integrated circuit solutions to serve high-growth applications within the automotive market, with additional focus on office automation, industrial, and consumer/communications applications
• Delkin: a leading USA manufacturer of industrial flash storage solutions for embedded, industrial application

IP&E (Interconnect, Passive & Electromechanical)

• Amphenol SV microwave: SV Microwave designs and manufactures RF/microwave coaxial connectors, cable assemblies and passive component for military, IoT, 5G, satellite, high speed, aerospace, commercial and telecommunications applications
• Nidec-Copal: manufacture and sales of optical equipment and electronic equipment
• BEL Group: designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits
• Omega: leading industrial control products, including temperature, thermocouples, RTD connector wires, pressure load cells and control panel meters

Single Board Computing

• Particle: an all-in-one IoT platform providing everything required to power an IoT product
• GraspIO: developers of a Raspberry Pi expansion board with a mobile platform for end-to-end IoT development and deployment
• Arduino: the hugely popular open-source electronics platform based on easy-to-use hardware and software
• Hanhaa: developers of an Excel-integrated IoT device, Symbisa, empowering people to build simple, powerful IoT experiences and insights with ease

Test and Tools

• SIMCO Electronics: a leading provider of calibration and software services for test and measurement instruments used in technology organisations.
• MG Chemicals: a formulator, manufacturer and distributor of chemical products for the electronics and associated industries
• Lulzbot: 3D printers providing professional grade 3D Printing products at around a $2k price point
• Creality 3D: 3D printing R&D, manufacturing and sales, plus the supply of printer accessories, consumables, education, and printing services
• Beehive Electronics: manufacturer of high-performance test accessories for RF electronics
• Electrolube: global manufacturer of electro-chemicals including thermal management materials, conformal coatings, encapsulation resins, electronic cleaning solutions and general maintenance products

Premier Farnell, the Development Distributor, is celebrating the sale of its 10 millionth Raspberry Pi, less than six years after it first began producing Raspberry Pi computers. Premier Farnell now sells over 50,000 Raspberry Pi computers each week to makers, industry and education across the globe.

Premier Farnell has been working with the Raspberry Pi Foundation since the launch of Raspberry Pi 1 Model B in 2012 and has a global agreement for the manufacture, distribution and exclusive customisation of the Raspberry Pi.

Chris Breslin, SVP Product for Premier Farnell said:  “We are delighted to be celebrating this significant achievement – both as a business and for Raspberry Pi. This small computer, originally developed to support education and learning, has outstripped everyone’s expectations over the years - now used by education and makers as well as in professional applications and industry. This performance has only been made possible by our dual manufacturing strategy, and close collaboration with both the Raspberry Pi Foundation and our global network of resellers – we look forward to the next phase of our journey with Raspberry Pi.”

Eben Upton, CEO of Raspberry Pi Trading added: “With every year we seem to take the Raspberry Pi, and its users, on another great adventure. I am delighted that so many people have taken the Raspberry Pi into their homes and businesses, learning to code, and integrating the Raspberry Pi into their broader technology solutions. I would like to share my congratulations with the team at Premier Farnell as they reach this milestone.”

In celebration of the this major milestone, Premier Farnell is offering a 10% discount on a range of the favorite accessories for the Raspberry Pi, helping makers and design engineers make even more with their boards. This includes the recently launched element14 Pi Desktop which enables users to convert their Raspberry Pi into a desk top computer, and the Raspberry Pi Sense HAT which was launched into space on the Astro Pi mission.

Customers can buy their favorite accessories for the Raspberry Pi at a 10% discount by visiting Farnell element14 in Europe, Newark element14 in North America and element14 in APAC.

Newark element14, the high-service global electronics distributor, will be sharing how it supports its customers and suppliers as the Development Distributor at the Electronics Design Show 2017.

Taking place May 15-19 at The Mirage Hotel & Casino in Las Vegas, the event brings together the brightest minds in electronic components manufacturing and distribution to exchange ideas, discuss new opportunities and shape the future of the industry. As the Development Distributor, Newark element14 supports customers at every stage of the development journey, working with the smallest start-ups to the largest manufacturers to bring products to market, providing a unique end-to-end service from research and design right through to production and maintenance, all in one place and accelerating speed to market.

Chris Breslin, SVP product at Premier Farnell said: “Newark element14 has been delivering a high service distribution service to customers since 1934, from early days of catalogue distribution right up to today where we tailor a multi-channel offering to suit our customers’ needs. As the Development Distributor, Newark element14 works with customers and suppliers to develop people, products and businesses that shape the technology of tomorrow.

“We offer our customers one of the broadest ranges of board and system level products in the industry, built on long-standing and strong relationships with over 3,000 suppliers and enhanced by deep knowledge of the industry and demand trends. We continue to expand our product range for North America customers: over the past 3 years we have invested $34 million in additional stock and we continue to make further investment to expand our SKU offering. We have also enhanced availability of high-demand products within North America – either through our direct ship programme or by moving stock to North America to satisfy demand whilst also reducing delivery times for customers.”

Newark element14, as a global business provides access to over 600,000 products on demand with over 900 new products added each week. As the source for the best electronics products and solutions, supplied by the industry’s top brands, Newark element14 will showcase its global capabilities, sales partnerships and differentiated services – such as kitting, customer switches and panel meters, and design engineering support.

Newark element14 also boasts the first and largest online community of design engineers and technology enthusiasts, element14, with more than 470,000 active members. Individuals around the world have come to depend on element14 as the premier source for new product information, project support and a place to interact with the industry’s leading experts. For suppliers, the element14 Community presents a unique opportunity to connect with customers and gain critical insights into the real-world project needs of everyday engineers.

To learn more about Newark element14’s offerings, visit www.newark.com. For full details on EDS 2016 and to connect with Newark element14 at the show, visit www.edsconnects.com.

element14, The Development Distributor, is supporting the designers of today and the future with dedicated resources, initiatives, literature and product launches. element14 is the exclusive manufacturer of educational programming boards such as the BBC micro:bit and Codebug and is the official manufacturer of two of the most popular maker boards in the world, Raspberry Pi and BeagleBone Black.

With such a widely respected reputation in the Maker and Education sector, element14 focuses on promoting electrical engineering through their ongoing development of both educational and hobbyist products. To supplement learning and development, element14 provides guidance and support through online resources available from the STEM Academy and the widely used element14 forum which has over 440k members and is the largest forum of its kind in the engineering and maker community. As the Development Distributor, element14’s commitment to promoting electrical engineering is clear, introducing young people into the world of coding and enhancing the maker community through creating the latest development tools and software products.

Chris Breslin, Chief Product Officer said:

“To inspire and support designers of all ages and levels of experience, we are launching a new easy to use guide and online resource to help developers the world over select the best development boards for their projects.”

Global Head of Raspberry Pi & Single Board Computing, Claire Doyle added:

“This guide will showcase the features of a selection of development boards and provide application examples to inspire designers to create new projects, safe in the knowledge that element14 is on hand with support documentation and access to the community forum.”

During the four-day electronica show in Europe from 8-11^th November, element14 is presenting the ‘World of Electronics’ on their stand. The new development board guide will be launched on the 11^th November and will be available to visitors at the Maker and Education booth on the element14 stand and online at http://www.developmentboardselector.com. Stand visitors will also be able to get hands on with products, view demonstrations as well as see educational videos and have the chance to code and take home a Codebug.

Find out more about element14 at electronica at www.electronica.farnell.com/

The Raspberry Foundation has announced a further milestone in its extraordinary journey and celebrated yesterday at an event at the House of Commons hosted by Matt Hancock MP, Minister of State for Digital and Culture. element14 has partnered the Raspberry Pi Foundation since 2012, has manufactured and sold over 6.5 million Raspberry Pis, and has an exclusive customization service for the Raspberry Pi for customers in industry.

Chris Breslin, Chief Product Officer at element14 commented: “This has been an incredible journey. The Raspberry Pi began as something special for the education and maker market. Now, the Raspberry Pi has been embraced by industry and element14 has a successful customization programme focused on this market.”

Claire Doyle, Global Head of Raspberry Pi for element14 added: “We’re delighted to be celebrating another major milestone with our friends at the Raspberry Pi Foundation, so soon after Raspberry Pi’s fourth Birthday and the launch of the Pi3 Model B in February.

“As the leading manufacturer and distributer of the Raspberry Pi, element14 have manufactured and sold over 6.5 million Raspberry Pi boards and millions more accessories. We are thrilled to see this amazing product get into the hands of more and more customers worldwide.”

Raspberry Pi boards and accessories are available to buy from element14 in Europe, APAC and North America.

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