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Wi2Wi, Avnet Extend Partnership

PHOENIX — Avnet (NYSE:AVT), via Avnet Velocity, the global supply chain services arm of Avnet EM, headquartered in Phoenix, AZ, announced today that Wi2Wi and Avnet have extended their partnership to include inbound Supply Chain and Logistics for Wi2Wi’s component consumption.

“Partnering with Avnet to meet our supply chain and logistics needs further strengthens Wi2Wi by leveraging Avnet Velocity’s world-class capabilities, and further improving our working capital velocity to support the substantial growth and momentum in our revenue and design wins, and enhancing our increasing production and ramp-up world-wide,” said Wi2Wi CEO Dr. Reza Ahy. “Wi2Wi’s sales and procurement of key components have been growing very rapidly,” Ahy adds. “Avnet has been a global strategic partner for Wi2Wi’s demand creation and distribution since 2008. This new agreement with Avnet Velocity now further reinforces our partnership, scaling the support for the growing list of our mutual customers worldwide in industrial, smart-home/smart-metering, government and education markets.”

“Avnet is excited about the significant design wins and the growth in revenue and customers our partnership has generated over the past thirty months,” said David Paulson, Vice President of Business Development with Avnet Velocity. “Wi2Wi continues to expand their strong presence in the global market for embedded wireless solutions. With the implementation of this model, Wi2Wi is truly harnessing Avnet’s global capabilities through the creation of an agile inbound supply chain model to support dynamic product production. In combination with our team’s design chain activities and outbound supply chain in support of our mutual customers, Wi2Wi now has an avenue to scale their business in support of rapid revenue growth while simultaneously making the best use of their working capital.”

Wi2Wi has attained a significant number of new design wins in 2010 in the Americas, Asia, and EMEA regions, and in the industrial, government, education, business-class, and premium consumer market segments worldwide.

{complink 577|Avnet Inc.}

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